FEATURED STORY
BP Cuts Dividend for First Time Since 2010

Industry Headlines

Oil Prices Climb After Lebanon Blast Share your comments
Tuesday, August 04, 2020Oil climbed to the highest level in nearly two weeks after an explosion at Lebanon's main port rocked the capital Beirut.

Oil Flat as OPEC Supply Offsets Economic Gains Share your comments
Tuesday, August 04, 2020Oil held near $41 a barrel in New York after the biggest gain in two weeks.

Oil Prices Rise Amid Recovery Signs Share your comments
Monday, August 03, 2020Oil rose the most in nearly two weeks.

Crisis Presents BP CEO With Chance to Change Share your comments
Monday, August 03, 2020The crisis is giving Looney the opportunity to accelerate the big changes needed to fulfill his vision.

Oil Dips as OPEC+ Starts to Unwind Cuts Share your comments
Monday, August 03, 2020Oil edged below $40 a barrel in New York as OPEC and allied producers started supplying more crude to a global market where many countries are still struggling to contain the coronavirus.

Libya NOC Calls for Demilitarization of Oil Assets Share your comments
Monday, August 03, 2020Libya's National Oil Corporation has called for the 'demilitarization' of oil facilities.

Oil Prices Up for the Month Share your comments
Friday, July 31, 2020Oil posted a gain in July, boosted by a steadily weakening dollar and OPEC's restraint on production.


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Exploration

Borr Drilling Ups Backlog by $21MM Share your comments
Tuesday, August 04, 2020Borr Drilling has entered into a new contract and letters of intent for three of its currently warm-stacked rigs.

Stena Drilling Fleet Undergoes Upgrade Share your comments
Tuesday, August 04, 2020Above is a drone shot of the Stena IceMAX drillship. PHOTO SOURCE: Stena Drilling

Neptune Makes Largest 2020 Norway Discovery Share your comments
Tuesday, August 04, 2020Neptune Energy has announced the commercial discovery of oil at the Dugong well in the Norwegian sector of the North Sea.

Land Rig Uptick Could Emerge Next Year Share your comments
Monday, August 03, 2020Here is a preview of what to watch this week in the oil and gas markets.

Baker Hughes Reports Flat US Rig Count Share your comments
Friday, July 31, 2020The number of rotary drilling rigs operating in the United States stood at 251 for the second week in a row, Baker Hughes Co. reported.

Murphy Contracts Drillship for 10 GOM Wells Share your comments
Thursday, July 30, 2020Pacific Drilling has won a contract from Murphy Oil Corp.

Apache and Total Strike Oil Offshore Suriname Share your comments
Thursday, July 30, 2020Apache Corp. and Total S.A. Wednesday afternoon reported a major oil discovery in Block 58 offshore Suriname.


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Production

Permian Execs Signal Milestone Share your comments
Tuesday, August 04, 2020America's most prolific shale drillers are accepting a fate once anathema to an industry obsessed with growth.

Weatherford Remotely Installs Sakhalin Liner Hanger Share your comments
Tuesday, August 04, 2020Crew restrictions during the COVID-19 lockdown failed to stop the installation. PHOTO SOURCE: Weatherford International plc

Oil Newcomer Guyana Avoids Pariah Status Share your comments
Monday, August 03, 2020Guyana's electoral authorities have finally named a president after a five-month constitutional crisis.

OPEC Gulf Nations Ended Extra Cuts in July Share your comments
Monday, August 03, 2020The cartel largely persevered with its strategy to revive the global oil industry.

Site Works Start at Wressle Share your comments
Monday, August 03, 2020Egdon Resources revealed that site works have now commenced at the onshore UK Wressle oil field development.

OPEC+ Prepares to Pump More Oil Share your comments
Friday, July 31, 2020From quiet skies over Europe to sparse traffic in America's biggest cities, a recovery in global oil demand is faltering.

UKCS Hits Target 3 Years Early Share your comments
Friday, July 31, 2020The production efficiency of the UK Continental Shelf has reached 80 percent, three years ahead of target.


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Finance and Investing

BP Cuts Dividend for First Time Since 2010 Share your comments
Tuesday, August 04, 2020BP cut its dividend for the first time in a decade, removing a cornerstone of its investment case.

Deutsche Bank Drops Some Oil Financing Share your comments
Tuesday, July 28, 2020Deutsche Bank has adopted a new fossil fuels policy.

Equinor In Surprise Profit Share your comments
Friday, July 24, 2020Equinor reported a surprise profit in the second quarter.

Woodside Warns of $4.3B Post Tax Hit Share your comments
Wednesday, July 15, 2020Woodside Petroleum has warned that it expects to take a post-tax hit of $4.37 billion in its financial results for the first half of the year.

BP Investing $70MM in GGEF Share your comments
Wednesday, July 08, 2020BP is investing $70 million in India's Green Growth Equity Fund.

Hamm Adds $57MM of Faith In Continental Share your comments
Thursday, June 25, 2020Billionaire wildcatter Harold Hamm bought more shares in the shale drilling company he controls as oil prices recover from their historic plunge.


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Company Operations

Calfrac Gets Competing Offer Share your comments
Tuesday, August 04, 2020Wilks Brothers LLC has made a competing proposal to recapitalize struggling energy company Calfrac Well Services Ltd.

Range to Sell Louisiana Acreage, Cut 100 Jobs Share your comments
Tuesday, August 04, 2020Range Resources Corp. is selling its Louisiana shale fields for about one-10th of what it paid for them just four years ago.

Eni Gets New CFO Share your comments
Tuesday, August 04, 2020Francesco Gattei has become the new chief financial officer of Eni.

OGTC Launches Virtual Hackathon Share your comments
Tuesday, August 04, 2020The Oil & Gas Technology Centre has launched its first virtual hackathon event.

NEO Energy Wraps Up North Sea Total Deal Share your comments
Tuesday, August 04, 2020NEO Energy has completed the acquisition of a portfolio of operated and non-operated assets in the UK North Sea from Total Oil UK Ltd and Total E&P North Sea UK Ltd.

ExxonMobil Rips Up $30B Growth Plan Share your comments
Monday, August 03, 2020As recently as March, the Texas giant had pinned its future to huge capital spending on oil and natural gas.


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