FEATURED STORY
Energy Crisis Prompts Asia to Turn to USA for Oil
Monday October 18, 2021
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China and other Asian buyers have been snapping up supertankers of American sour crudes for delivery in November.
Industry Headlines
Crude Up But Paired Gains After US Industrial Weakness Reported
Monday, October 18, 2021Oil paired gains on Monday as U.S. industrial production fell below expectations in September.
Venezuela Returns Six Citgo Executives to Prison
Monday, October 18, 2021The executives are all U.S. citizens except for one, who holds U.S. residency.
USA Adds 10 More Rigs
Monday, October 18, 2021The ten rigs added week on week comprised nine land rigs and one offshore rig.
Energy Crisis Chatter to Accelerate
Monday, October 18, 2021Rigzone's regular energy prognosticators highlight the global natural gas situation, emerging cold weather patterns, price projections and more.
Saudis Launch First Offshore Oil Platform Inspired Tourism Project
Monday, October 18, 2021Saudi Public Investment Fund (PIF) has launched "THE RIG", the world's first tourism destination on offshore platforms.
Energy Crisis Prompts Asia to Turn to USA for Oil
Monday, October 18, 2021China and other Asian buyers have been snapping up supertankers of American sour crudes for delivery in November.
Lukoil, Gazprom Neft Team Up On Oil Recovery Projects
Monday, October 18, 2021Russian companies Lukoil and Gazprom Neft have agreed on cooperation in the implementation of oil recovery enhancement projects.
OGUK Awards Return to Aberdeen
Sunday, October 17, 2021The OGUK Awards are returning to P&J Live in Aberdeen on December 8.
Top Headlines: Energy Crisis Threatens to Hit USA Grids and More
Saturday, October 16, 2021It was another action packed week in the energy world.
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Most Popular Articles
Exploration
Aker BP Set To Drill Lyderhorn East Offshore Well
Monday, October 18, 2021Aker BP has received a drilling permit for an exploration well in the North Sea, offshore Norway.
Maersk Rig Drilling World Record Well Offshore Angola
Friday, October 15, 2021A Maersk drillship will be drilling a new world record well as part of a contract extension from TotalEnergies.
Halliburton Strikes Electric Frac Deal
Thursday, October 14, 2021The multi-year contract is with Aethon Energy.
Aquadrill Wins Drillship Deal In Indonesia, Sells Semi-Sub
Wednesday, October 13, 2021Aquadrill and a Vantage subsidiary have reached an agreement to provide the Capella drillship for a two-well contract for operations in Indonesia.
First Fully Automated Land Rig Drills First Well
Tuesday, October 12, 2021The well was drilled to a total measured depth of 19,917 feet.
Longboat Energy Strikes Oil, Starts Drilling For More
Tuesday, October 12, 2021Longboat Energy has struck oil in a well located in the Norwegian part of the North Sea and started drilling another.
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Production
OPEC+ Fails to Meet Production Target
Monday, October 18, 2021OPEC and its allies once again failed to pump enough oil to meet their output targets.
California County Loses Bid to Reinstate Frac Ban
Friday, October 15, 2021Monterey County voters in November 2016 passed a measure prohibiting land use in support of new oil and gas wells and fracking activities in unincorporated areas.
Talos Energy Gives Ida Related Production Update
Wednesday, October 13, 2021Production disruptions following Ida were prolonged due to complications affecting third-party downstream service providers.
Yergin Says USA Likely to Ask OPEC to Pump More
Tuesday, October 12, 2021In August, the Biden administration called on Saudi Arabia and its allies to unload more crude onto global markets.
Wood To Support Beach Energy's Trefoil Field Development
Tuesday, October 12, 2021Wood has secured two FEED contracts to support Beach Energy’s Trefoil field development opportunity offshore Australia.
Sinopec's Fuling Field Sets Gas Shale Production Record
Monday, October 11, 2021Sinopec’s Fuling field – the first commercially developed and operated large-scale shale gas field in China – has set a new record for the cumulative production of shale gas in the country.
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Finance and Investing
Gen Z Texas Oil Scion Has a New SPAC
Thursday, October 14, 2021The special purpose acquisition company sold 12.5 million units at $10 apiece in its U.S. initial public offering.
NatWest To Provide $137B For Climate And Sustainable Funding
Thursday, October 14, 2021NatWest has set a target of providing $137 billion of sustainable and climate funding for its customers by the end of 2025.
ESG Boom Punishing Old School Energy Stocks
Wednesday, October 13, 2021U.S. oil and gas companies are trading at less than half 2014 levels.
World Not Investing Enough for Future Energy Needs
Wednesday, October 13, 2021The agency advises some of the most industrialized countries including the U.S., Germany and Japan.
Biggest Saudi Listing Since Aramco Slumps on Day 2
Tuesday, October 12, 2021Shares in the utility closed down 8.4 percent at 66.7 riyals ($17.78) on Tuesday.
Seadrill Reorganization Plan Accepted by Creditors And Shareholders
Tuesday, October 12, 2021All voting classes of stakeholders and creditors accept Seadrill's reorganization plan.
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Company Operations
Total Opens UK Offshore Wind Hub
Monday, October 18, 2021The center will utilize the offshore expertise that TotalEnergies has built in Aberdeen, Scotland, over the last 50 years.
Louisiana Announces $4.5B Clean Energy Complex
Monday, October 18, 2021Air Products will build, own and operate the megaproject.
Shell Announces New Directors
Monday, October 18, 2021The new appointments will be effective on October 25.
Shell-Backed Co Buys Solar Startup
Friday, October 15, 2021Nashville, Tennessee-based Silicon Ranch bought Clearloop for an undisclosed amount.
Oxy Sells Ghana Assets for $750MM
Thursday, October 14, 2021The transactions include Occidental's interests in both the Jubilee and TEN fields.
TechnipFMC Bags Substantial Petrobras Deal
Thursday, October 14, 2021The company describes a "substantial" deal as being worth between $250 million and $500 million.
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