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Total Makes Significant Oil Find

Industry Headlines

HAL Electric Frac First and More Share your comments
Saturday, January 16, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Oil Prices Slide Again Share your comments
Friday, January 15, 2021Oil slid by the most in three weeks as a stronger dollar and weak US economic data stoked concerns over an economic rebound.

US Targets CNOOC in Late Anti-China Push Share your comments
Friday, January 15, 2021The Trump administration blacklisted China's third-biggest oil company over its drilling in the South China Sea.

Oil Retreats as Stronger Dollar Dents Rally Share your comments
Friday, January 15, 2021Oil declined from a 10-month high as the dollar strengthened, taking the steam out of a recent rally.

Oil Futures Gain Amid $2T Stimulus Hopes Share your comments
Thursday, January 14, 2021Oil rose to a new 10-month high in New York.

Equinor Bags Largest Ever US Offshore Wind Award Share your comments
Thursday, January 14, 2021Equinor (NYSE: EQNR) has been selected to provide New York State with offshore wind power in what is being described as one of the largest renewable energy procurements in the U.S. to date.

Oil Pauses as Rising Fuel Supplies Threaten Rally Share your comments
Thursday, January 14, 2021Oil in New York was steady after a rally that pushed prices to the highest level in 10 months ran out of steam as a rise in U.S. fuel stockpiles added to concern over a shaky demand outlook.

Oil Prices Falter Amid Fuel Build Share your comments
Wednesday, January 13, 2021Oil's red-hot rally took a breather as a stronger dollar and rising refined products supplies offset shrinking US crude inventories.


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Exploration

Baker Hughes US Rig Tally Hits 373 Share your comments
Saturday, January 16, 2021Baker Hughes reported the total number of rotary drilling rigs operating in the United States increased by 13 week.

Dana Terminates Maersk Drilling Deal Share your comments
Friday, January 15, 2021Maersk Drilling announced Friday that it has received notice of early termination of a one-well contract with Dana Petroleum Denmark B.V.

Total Makes Significant Oil Find Share your comments
Friday, January 15, 2021Total (NYSE: TOT) has announced that it and Apache Corporation (Nasdaq: APA) have made a 'significant' new oil and gas discovery at the Keskesi East-1 well in Block 58 off the coast of Suriname.

Spirit Energy Contracts Rig for UKCS Infill Well Share your comments
Friday, January 15, 2021The Maersk Resolve, above, will drill a development well at Grove North East in the UK North Sea. PHOTO SOURCE: Maersk Drilling

Halliburton Claims Electric Frac First Share your comments
Thursday, January 14, 2021This photo shows an electric frac job underway at a Cimarex Energy well pad in the Permian Basin of West Texas. PHOTO SOURCE: Halliburton

Stena Drilling Fleet to Deploy Analytics and Reporting Tech Share your comments
Thursday, January 14, 2021The deal follows six-month trials on the Stena Spey, above, and Stena Carron. PHOTO SOURCE: IDS

CGG Completes NPD Study Share your comments
Tuesday, January 12, 2021CGG's Satellite Mapping group recently completed a high-resolution hydrocarbon seeps study commissioned by the Norwegian Petroleum Directorate.


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Production

How Quickly Will US Fossil Fuel Output Rebound? Share your comments
Friday, January 15, 2021Look back at oil and gas market hits and misses for the week ending Jan. 15, 2021.

ENOG Takes Karish North FID Share your comments
Friday, January 15, 2021Energean plc (LSE: ENOG) has announced that it has taken a Final Investment Decision on the Karish North gas development, offshore Israel.

BP Awards FPSO Training Contract Share your comments
Thursday, January 14, 2021Survivex will train BP personnel in safety-critical operating procedures and processes for its GTA FPSO and hub facilities. PHOTO SOURCE: Survivex

Saudis Curb Crude Supplies to Some Buyers Share your comments
Wednesday, January 13, 2021Supply cuts reportedly were focused on heavier grades such as Arab Medium and Arab Heavy.

Bitcoin Loses to LNG in Price Rally Share your comments
Wednesday, January 13, 2021The North Asian LNG price benchmark has now risen 18-fold in less than nine months, outperforming other commodities -- even Bitcoin.

LNG Benchmark Tops $30 Share your comments
Tuesday, January 12, 2021A shortage of LNG tankers has also boosted charter rates to a record high.

Terrorists Jeopardize Nearly $60B in SE Africa Gas Projects Share your comments
Tuesday, January 12, 2021Mozambique and Tanzania are strengthening their relations to fight cross-border terrorism.


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Finance and Investing

Andurand Hedge Fund Soars 154 Percent in 2020 Share your comments
Tuesday, January 05, 2021Pierre Andurand's oil hedge funds stormed back in 2020 to post their biggest-ever gains as the global pandemic roiled energy markets.

Exxon Signals 4th Consecutive Loss Share your comments
Thursday, December 31, 2020Exxon Mobil Corp, which is struggling to maintain a $15 billion-a-year dividend program, indicated it incurred a fourth straight quarterly loss.

India Asked to Pay $1.2B to Cairn Share your comments
Wednesday, December 23, 2020India has been ordered to return over $1.2 billion to Cairn Energy Plc after Prime Minister Narendra Modi's administration lost arbitration proceedings in a tax dispute.

ADNOC Launches 2nd Trading Arm Share your comments
Sunday, December 13, 2020The Abu Dhabi National Oil Company has officially launched its second trading arm, ADNOC Global Trading.

Aramco Hires Moelis to Raise $Bs from Asset Sales Share your comments
Friday, December 11, 2020Saudi Arabia is looking to emulate neighboring Abu Dhabi by using its state energy firm to raise billions of dollars from investors.

Egypt Buys Oil Hedge to Lock in Gains Share your comments
Wednesday, December 09, 2020Egypt has bought more derivative contracts to protect itself against a rise in oil costs, as some importers seek to take advantage of this year's price rout.


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Company Operations

Total Drops API Membership Share your comments
Friday, January 15, 2021Total reported Friday that it has decided not to renew its membership in the American Petroleum Institute (API) for 2021.

Feds Decline Comment on Exxon Permian Probe Report Share your comments
Friday, January 15, 2021ExxonMobil said the reported claims are "demonstrably false" and that the company "stands by" its statements to investors.

Shell to Join Offshore Argentina Block Share your comments
Thursday, January 14, 2021Equinor and YPF have agreed to jointly farm-down a nearly one-third non-operated stake in the CAN 100 block offshore Argentina to Shell

Ovintiv Investor Threatens Proxy Fight Share your comments
Thursday, January 14, 2021The private equity firm, which said it owns a 2.4% stake in Ovintiv, argues that the company is falling behind its peers.

ADNOC Creates New Directorate Share your comments
Thursday, January 14, 2021Abu Dhabi National Oil Company has created a new Downstream Industry, Marketing & Trading Directorate, effective January 17, 2021.

Fluor Updates Structure and Sells Stork Share your comments
Thursday, January 14, 2021Fluor (NYSE: FLR) has announced an updated organizational and reporting structure which it says better aligns its business with identified growth markets and company strategy.

ExxonMobil Gets Upgrade from Big Banks Share your comments
Wednesday, January 13, 2021Analysts at Wall Street's biggest banks say ExxonMobil is well-placed to gain from this year's recovery in commodity prices.


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