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Aramco Signs $15.5B Gas Pipeline Deal

Industry Headlines

USA Oil Sale Attracts at Least 2 Foreign Bidders Share your comments
Tuesday, December 07, 2021Winning bids won't be announced until December 14.

Oil Search Shareholders Vote For Santos Merger Share your comments
Tuesday, December 07, 2021The shareholders of Oil Search have voted to approve the proposed merger with energy giant Santos.

Halliburton Sees World Headed for Oil Scarcity Share your comments
Tuesday, December 07, 2021The world is headed into a period of scarcity for oil after seven years of underinvestment.

Chevron Extends Concession Off Angola Through 2050 Share your comments
Tuesday, December 07, 2021Chevron has extended the Block 0 concession, off the coast of Cabinda province, in Angola.

Exxon Looking Towards Permian Net-Zero Emissions By 2030 Share your comments
Tuesday, December 07, 2021Exxon has revealed its plans to achieve net-zero greenhouse gas emissions from operated assets in the U.S. Permian Basin by 2030.

Traders Brush Off Initial Omicron Panic Share your comments
Tuesday, December 07, 2021Traders brushed off the initial panic over the Omicron variant.


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Exploration

Iran Looking For New Gas Reserves At South Pars Share your comments
Monday, December 06, 2021Iran's Pars Oil and Gas Company has started drilling operations at the South Pars gas field in search of new hydrocarbon reserves.

Maersk Rig To Drill High Pressure Well For OMV Share your comments
Friday, December 03, 2021Maersk Drilling has secured a one-well contract with Austrian oil company OMV for one of its jack-up drilling rigs.

Turkey Vows to Stop Exxon Venture Drilling Off Cyprus Share your comments
Friday, December 03, 2021Turkey threatened to block any unauthorized search for gas and oil in its economic exclusive zone.

Odfjell Rig To Stay With Equinor For One Additional Well Share your comments
Thursday, December 02, 2021Lundin Energy has exercised its option for the drilling of one additional well offshore Norway using the Deepsea Stavanger rig.

TotalEnergies Spuds Venus Well Offshore Namibia Share your comments
Thursday, December 02, 2021TotalEnergies has spudded the ultra-deepwater Venus-1X exploration well offshore Namibia.

Stena Rig Off To Drill Appraisal Well For Chariot In Morocco Share your comments
Wednesday, December 01, 2021The Stena Don rig has started its mobilization operations to Morocco where it will drill a gas appraisal well on the Lixus offshore license for Chariot.


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Production

New TotalEnergies Project Flows Fresh Angolan Oil Share your comments
Monday, December 06, 2021TotalEnergies has begun production from the second phase of the CLOV development offshore Angola.

OPEC+ Sticks to Planned Supply Hike Share your comments
Thursday, December 02, 2021The group agreed to add 400,000 barrels a day of crude to global markets in January.

Shale Drillers to Lift USA Spending 19 Percent Share your comments
Thursday, December 02, 2021Expenditures will rise to $83.4 billion in 2022, the highest since the Covid-19 pandemic emerged.

OPEC+ Meets to Debate Output Boost Share your comments
Wednesday, December 01, 2021Ministers have been tight lipped about their intentions.

Shale Output Discipline Begins to Pay Off Share your comments
Wednesday, December 01, 2021Publicly listed oil producers have drastically changed their business model since Covid-19.

BP Loads Out 1,000th Crude Oil Tanker From Black Sea Terminal Share your comments
Tuesday, November 30, 2021The BP-operated Western Route Export Pipeline has loaded out the 1,000th tanker at the Supsa terminal on the Black Sea.


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Finance and Investing

ConocoPhillips Unveils $1B Variable Dividend Share your comments
Monday, December 06, 2021The new quarterly dividend will be set based on forward oil prices, cash flow and other factors.

Wall Street Holds Fast to Fossil Fuels Share your comments
Monday, December 06, 2021The world's biggest banks are making clear they plan to stand by their fossil-fuel clients.

Oil Traders Stampede to Exit Share your comments
Friday, December 03, 2021Oil traders and investors are shutting down their books at a rapid pace.

Chevron Sets 2022 Spending Budget At $15B Share your comments
Thursday, December 02, 2021Chevron has announced a 2022 organic capital and exploratory spending program of $15 billion, up more than 20 percent from 2021 expected levels.

CNOOC Deregisters With SEC Share your comments
Wednesday, December 01, 2021CNOOC Limited (TSX: CNU) announced Tuesday that it intended to deregister with the United States Securities and Exchange Commission.

Exxon To Spend $15B On GHG Reduction Projects By 2027 Share your comments
Wednesday, December 01, 2021Exxon will increase spending to $15 billion on GHG emission-reduction projects over the next six years.


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Company Operations

Ex-Weatherford President Takes on New Role Share your comments
Monday, December 06, 2021Tony Branch will lead Westerton Access and Westerton SplashZone Integrity Specialists.

Exxon Plans Below Inflation USA Pay Raises Share your comments
Friday, December 03, 2021Exxon's salary raises come after a difficult two-year period for the company and its employees.

Ex-BP Rep Becomes Chesapeake EVP and CFO Share your comments
Friday, December 03, 2021For the last six years, Singh has served on the executive leadership team of BPX Energy, the United States onshore subsidiary of BP.

Cenovus in $500MM+ Deal Share your comments
Thursday, December 02, 2021The agreements allow Cenovus to further focus its portfolio, accelerate deleveraging and support increasing shareholder returns.

Ex-ExxonMobil Leader Appointed Lundin Energy Norway MD Share your comments
Thursday, December 02, 2021Kristin Faerovik will retire from her position on December 31.

ConocoPhillips Completes $9.5B Shell Deal Share your comments
Thursday, December 02, 2021The assets include around 225,000 net acres and producing properties located entirely in Texas.


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