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Shell and ConocoPhillips in $9.5B Permian Deal

Industry Headlines

BP Starts-Up Matapal Project Off Trinidad And Tobago Share your comments
Tuesday, September 21, 2021Supermajor BP has produced first gas from its Matapal project located offshore Trinidad and Tobago.

OGUK Welcomes New UK Energy Minister Share your comments
Tuesday, September 21, 2021Industry body Oil & Gas UK has welcomed the appointment of Greg Hands as the country's new Minister of State for Energy.

Valaris Scores Jack-Up Deal Hat-Trick Share your comments
Tuesday, September 21, 2021Valaris wins contracts for several of its jack-up drilling rigs, one of which is for work on the Porthos carbon capture and storage project.

Equinor Cleared to Boost Gas Exports to Tight European Market Share your comments
Tuesday, September 21, 2021Equinor receives permission to increase gas exports from two fields on the Norwegian continental shelf to supply the tight European market.

Oil Up as Hurricane Ida Still Squeezes Supply Share your comments
Tuesday, September 21, 2021Oil rose after a two-day decline with Hurricane Ida still having an impact on U.S. crude output three weeks after making landfall.

Petrobras Aligns With OGCI Strategy And Commits To Net-Zero Share your comments
Tuesday, September 21, 2021Petrobras pledges to achieve emission neutrality in activities under its control in line with the Paris Agreement.

UK Energy Sec in Gas Price Talks Share your comments
Tuesday, September 21, 2021UK Business and Energy Secretary Kwasi Kwarteng has held a series of individual meetings with senior executives from the energy industry to discuss the impact of high gas prices.


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Exploration

Great Interest in Latest Norway License Round Share your comments
Friday, September 17, 2021There has been great interest in the Norwegian continental shelf during the country's latest licensing round, according to Norway's Ministry of Petroleum and Energy.

First Exploration Well for North Sea Company Drilled Share your comments
Thursday, September 16, 2021Longboat Energy has announced that drilling has commenced at Rodhette, the company's first exploration well.

Significant Onshore Australia Gas Discovery Made Share your comments
Wednesday, September 08, 2021Mineral Resources Limited revealed that recent drilling activity led to a 'significant' gas discovery at the Lockyer Deep 1 project in the onshore Perth Basin, Australia.

BW Energy's Gabon Oil Find Volumes Disappoint Share your comments
Friday, September 03, 2021BW Energy has stated that preliminary results from its Hibiscus North exploration well off Gabon were not as good as it hoped but that there was an upside to it as well.

Carnarvon Petroleum Picks Valaris Rig for Buffalo-10 Well Share your comments
Thursday, September 02, 2021Carnarvon Petroleum hires the Valaris JU-107 jack-up for drilling of the Buffalo-10 well offshore Timor-Leste.

Borr Drilling Scores More Deals for Jack-up Fleet Share your comments
Thursday, September 02, 2021Borr Drilling finds work for one of its jack-up drilling rigs, increasing the number of contracted rigs to 15.


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Production

Key Members Say OPEC+ Can Keep Reviving Supply Share your comments
Tuesday, September 21, 2021OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.

Is Gulf of Mexico Production Still Shut In? Share your comments
Monday, September 20, 2021Rigzone looks at the Bureau of Safety and Environmental Enforcement's latest production status data for the Gulf of Mexico.

GOM Oil Output at 60 Percent Share your comments
Wednesday, September 15, 2021The slow-but-steady restoration of oil production in the Gulf of Mexico is continuing.

Halliburton Selected for Offshore Israel Campaign Share your comments
Wednesday, September 15, 2021Halliburton Company (NYSE: HAL) has been awarded an integrated services contract to execute a three to five well drilling and completions campaign for Energean.

How Much Gulf of Mexico Production is Still Offline? Share your comments
Monday, September 13, 2021The Bureau of Safety and Environmental Enforcement publishes its latest production estimates following Ida.

Libya Oil Output at Risk Again Share your comments
Friday, September 10, 2021Libya's oil production is in danger of slumping again, as a political power struggle threatens to end a period of relative stability.

Suncor Greenlights Terra Nova Asset Life Extension Share your comments
Thursday, September 09, 2021The co-owners of the Terra Nova FPSO facility, and associated Terra Nova field, have finalized an agreement to restructure the project ownership and move forward with an asset life extension project.


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Finance and Investing

Diamondback Rises After Accelerating Returns Share your comments
Friday, September 17, 2021Diamondback Energy Inc. rose in after-hours trading after pledging to accelerate cash returns to shareholders in the fourth quarter.

Gunvor to Tap Bond Market for First Time Since 2013 Share your comments
Thursday, September 16, 2021Gunvor Group Ltd. is seeking a return to the bond market for the first time in eight years.

ACWA Plans $1.2B Offer in Biggest Saudi IPO Since Aramco Share your comments
Tuesday, September 14, 2021ACWA Power International is set to raise up to 4.55 billion riyals ($1.2 billion) in what would be the biggest offering in Riyadh since Saudi Aramco's listing.

Adnoc Drilling to Raise $750MM From Abu Dhabi IPO Share your comments
Monday, September 13, 2021Abu Dhabi National Oil Co. is seeking to raise about $750 million from its drilling unit's IPO, in what would rank among one of the largest share sales in the United Arab Emirates.

$42B Harvard Fund to Stop Investing in Fossil Fuels Share your comments
Friday, September 10, 2021Harvard University will stop investing in fossil fuels and instead use its giant $42 billion endowment to support the green economy.

Aramco Considers Opening $110B Project to Investors Share your comments
Thursday, September 09, 2021Saudi Aramco is considering a bold move to open up one of the world's largest unconventional gas fields to foreign investors.


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Company Operations

Shell and ConocoPhillips in $9.5B Permian Deal Share your comments
Tuesday, September 21, 2021Royal Dutch Shell plc (NYSE: RDS.A) has announced that its subsidiary, Shell Enterprises LLC, has reached an agreement for the sale of its Permian business to ConocoPhillips (NYSE: COP) for $9.5 billion in cash.

Island Offshore Digitizing Entire Fleet Share your comments
Monday, September 20, 2021Island Offshore has announced that it has signed a contract with Kongsberg Digital for the delivery of the Vessel Insight infrastructure solution.

Energy Titans Support Exxon Gulf Coast Carbon Hub Share your comments
Friday, September 17, 2021An ambitious project aimed at capturing millions of tons of carbon emissions along the U.S. Gulf Coast in Texas garnered the support of some of the world's biggest refiners and chemical manufacturers.

Schlumberger Meets with Libya NOC Share your comments
Friday, September 17, 2021Libya's National Oil Corporation has revealed that the chairman of its board of directors recently held a meeting with the general manager of Schlumberger Libya.

SBM Offshore Completes $1.6B FPSO Sepetiba Financing Share your comments
Thursday, September 16, 2021SBM Offshore has announced that it has completed the project financing of the floating production storage and offloading vessel Sepetiba for a total of $1.6 billion.

Warwick Buys $450MM of Texas Shale Assets Share your comments
Thursday, September 16, 2021One of the biggest U.S. investors in oil and natural gas wells is buying $450 million worth of assets in the Texas Eagle Ford shale basin from a renowned energy family in Dallas.


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