FEATURED STORY
The Largest Challenge to Permian Field Development

Industry Headlines

Perry Is Said to Plan Energy Secretary Exit
Thursday, April 18, 2019 Energy Secretary Rick Perry is planning to leave the Trump administration and is finalizing the terms and timing of his departure, according to two people familiar with his plans.

The Largest Challenge to Permian Field Development
Thursday, April 18, 2019 From sourcing to disposal, water is becoming the largest challenge to field development in the Permian Basin.

Oil Heads for Weekly Loss
Thursday, April 18, 2019 Oil heads for its first weekly drop since early March as uncertainty over the future of global producer curbs, Iranian exports and U.S. inventories kept investors on edge.

Oil Prices Edge Downward
Wednesday, April 17, 2019 All but one of the benchmarks Rigzone tracks ended the day lower.

Crude Oil Futures Waver
Wednesday, April 17, 2019 Oil was little changed as investors digested a report that showed U.S. crude and gasoline supplies shrinking less than forecast.

Big Changes May Be in Store for Alberta Energy Industry
Wednesday, April 17, 2019 Alberta's newly elected premier vowed to fight harder for the Canadian province's beleaguered energy industry.


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Exploration

Permian Drilling Record Reported
Thursday, April 18, 2019 A unit of Surge Energy US Holdings Co. has reportedly drilled a record-setting lateral in the Permian Basin.

Exxon, Qatar Petroleum Win Three Blocks Offshore Argentina
Wednesday, April 17, 2019 ExxonMobil Argentina Offshore Investments B.V. and a Qatar Petroleum affiliate snagged three exploration blocks offshore Argentina.

Talos Sets Offshore Mexico Record
Tuesday, April 16, 2019 Talos reported a record-setting offshore Mexico core sample.

Significant Gas Resource Found Offshore Australia
Tuesday, April 16, 2019 The Corvus-2 appraisal well has discovered a significant gas resource in the Carnarvon Basin offshore Western Australia.

Significant Gas Discovery at Karish North
Monday, April 15, 2019 Energean Oil and Gas announces that the Karish North exploration well has made a significant gas discovery.

2019 Oil and Gas Exploration Off to Flying Start
Monday, April 08, 2019 Oil and gas exploration is off to a flying start in 2019, according to Rystad Energy.

Oil Explorers Forge Ahead in Mexico
Friday, March 29, 2019 Under government pressure that they're moving too slow, international oil companies are pushing ahead with deepwater development plans in Mexico.


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Production

US Shale Gas Swamps Market
Wednesday, April 17, 2019 Natural gas futures tumbled to the lowest in almost three years.

Venezuela Oil Output Is Said to Drop by Half
Friday, April 05, 2019 Power failures that plunged Venezuela into darkness for much of March also briefly slashed the country's crude production by half, according to people familiar with the situation.

Bahrain Seeks US Partners for Offshore Shale Discovery
Friday, April 05, 2019 The kingdom, whose capital Manama appears above, is pursuing another oil and gas industry first.

Lundin to Go Ahead with Rolvsnes EWT
Thursday, April 04, 2019 Lundin Norway agrees to proceed with an extended well test on the Rolvsnes weathered and fractured basement discovery on the Utsira High.

Aramco Reveals Steep Output Dip at Super-Giant Oil Field
Wednesday, April 03, 2019 Now the market finally knows: Ghawar in Saudi Arabia, the world's largest conventional oil field, can produce a lot less than almost anyone believed.

Shale's Growing Pains Could Curb US Oil Production
Tuesday, March 26, 2019 The dramatic ramp-up in U.S. shale production is running into a combination of issues that threaten to slow the pace of expansion.


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Finance and Investing

Aramco Sells an Impressive $12 Billion of Bonds
Wednesday, April 10, 2019 The debt offering is one of the most oversubscribed in history.

Aramco Gets $85B Demand for Maiden Bond
Tuesday, April 09, 2019 Oil giant Aramco received a blockbuster $85 billion in orders for its maiden global bond.

The Oil Industry's Wall Street Burden
Friday, March 01, 2019 The battle among analysts between calls for production growth and returns continues.

Pemex Assistance Plan Fails to Impress Bondholders
Friday, February 15, 2019 Pemex, the world's most indebted oil company, will refrain from issuing new bonds this year.

PetroQuest Emerges from Chapter 11 Bankruptcy
Tuesday, February 12, 2019 US independent PetroQuest Energy emerges from Chapter 11 bankruptcy.

Kuwait Petroleum to Reassess $500B Spending Plan
Monday, February 11, 2019 Kuwait Petroleum Corp. is reassessing plans to spend about $500 billion in capital investment and may decide this year to combine its eight business units.


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Company Operations

Schlumberger Looks Overseas for Offshore, Exploration Growth
Thursday, April 18, 2019 The company sees growth in the shallow-water markets, followed by an expansion in deepwater spend in 2020.

Halliburton Wins Offshore Brazil Contract
Thursday, April 18, 2019 The three-year contract includes a two-year extension.

OGUK Appoints 3 New Task Force Members
Thursday, April 18, 2019 Industry body OGUK's Efficiency Task Force appoints three new members to its steering group.

Alta Mesa Cuts More Jobs Following Delisting Warning
Wednesday, April 17, 2019 Independent energy company Alta Mesa Resources, Inc. has cut more staff at its Houston facility, just one week after receiving a delisting warning from NASDAQ.

Schlumberger and Halliburton's Fortunes May Be Improving
Wednesday, April 17, 2019 The number of frac crews working in US shale basins hit a new record earlier this month.

Total Donates $100MM+ to Help Notre Dame Cathedral
Wednesday, April 17, 2019 Oil and gas supermajor Total is donating $113.1 million to help the reconstruction of the Notre Dame Cathedral.


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