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Oil Edges Up as China,US Set Trade Talks but Markets Wary of Slowing Demand

Thursday, August 16, 2018 Oil prices on Thursday clawed back some of the previous day's losses.

Oil Tumbles on Surprise Build in US Crude Inventories

Wednesday, August 15, 2018 Oil futures slide, with U.S. crude settling 3 percent lower after government data showed a surprise weekly increase in domestic crude stockpiles, compounding worries about the global economic growth outlook.

Exec: Upstream Culture Looking More Downstream

Wednesday, August 15, 2018 Pressure to drive down breakeven cost contributes to upstream culture shift.

Diamondback's Energen Acquisition Will Create Synergies in Permian

Wednesday, August 15, 2018 Diamondback's purchase of rival Energen signifies a move toward consolidation, according to Rystad Energy.

Analysts: Oil Price Rise to Drive Up Drilling Globally

Wednesday, August 15, 2018 The rise in oil prices will continue to drive up drilling activity globally over the second half of the year and 2019, according to oil and gas analysts at Fitch Solutions Macro Research.

Union, Total to Hold Discussions Thursday

Wednesday, August 15, 2018 UK union Unite will hold discussions with Total on August 16 to try and reach a resolution to a dispute which has seen Unite carry out strikes on the Alwyn, Dunbar and Elgin rigs in the North Sea.

Billionaires Throw Weight Behind Oil Rally

Wednesday, August 15, 2018 The recovery in the oil industry is attracting some of the most recognized billionaires in money management.

Diamondback To Buy Energen In $9.2B Deal To Boost Permain Presence

Tuesday, August 14, 2018 Diamondback Energy says it will buy Energen Corp in an all-stock deal valued at $9.2 billion.

Dollar, Lira and Kingpin Weigh on Tuesday's Trading

Tuesday, August 14, 2018 A stronger US Dollar and a weakening Turkish lira factored into the oil market's performance on Tuesday.

Oil Companies Make Few Bids In US Offshore Lease Auction

Wednesday, August 15, 2018 Oil companies bid on less than 1% of the parcels offered in a sweeping US auction of Gulf of Mexico exploration leases.

Savannah Makes Oil Discovery Onshore Niger

Wednesday, August 15, 2018 Savannah Petroleum plc makes an oil discovery at the Eridal-1 exploration well, which is situated onshore Niger.

Eni Plans More Offshore, Onshore Egypt Drilling

Tuesday, August 14, 2018 Eni has further strengthened its position in Egypt.

Talos Energy Wins Discovery Award for 2017 Offshore Mexico Find

Wednesday, August 08, 2018 Pictured l-r are: Loren Long, Vice President Mexico, Talos Energy; Tom Wilker, SVP Subsurface, Wood Mackenzie; Timothy Duncan, President & CEO, Talos Energy; and John Parker, Executive Vice President Exploration, Talos Energy.

Australia's Quadrant, Carnarvon Hail 'Incredible' Oil Find in Sector Ripe f

Wednesday, August 08, 2018 Private equity firms are expected to drive a wave of merger activity in Australia's oil and gas sector, hunting for assets in a market with good access to China and southeast Asia.

China State Firms to Expand Domestic Oil, Gas Exploration After Xi's Call

Wednesday, August 08, 2018 China, the world's top energy user and also largest crude oil importer, is facing declining reserves and soaring development costs.

India to Launch DSF Bid Round II on Thursday

Wednesday, August 08, 2018 India's ministry of petroleum and natural gas will launch DSF Bid Round II on Thursday.

Saudi Cuts Oil Output As OPEC Points To 2019 Surplus

Monday, August 13, 2018 OPEC forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production.

Continental Resources Sees 15-20 Pct Output Growth in 2019

Wednesday, August 08, 2018 A large portion of the company's growth is focused on its SpringBoard development in Oklahoma's SCOOP formation.

US Natgas Output, Demand Seen Rising to Record Highs in 2018

Tuesday, August 07, 2018 U.S. dry natural gas production should rise to an all-time high of 81.10 billion cubic feet per day (bcfd) in 2018.

US Cuts 2018 Crude Oil Production Growth Forecast

Tuesday, August 07, 2018 U.S. crude oil production in 2018 was expected to grow at a slower rate than previously forecast amid lower crude prices according to a monthly U.S. government report.

Genel Energy Sees Significant Output Boost in 2019

Tuesday, August 07, 2018 Iraqi Kurdistan-focused Genel Energy is likely to significantly increase its oil production guidance next year, Chief Financial Officer Esa Ikaheimonen said.

EOG Sees Permian Hydraulic Fracturing Work Slowing in 2nd Half

Friday, August 03, 2018 Activity in the Permian Basin, which includes the Delaware, has outpaced pipeline takeaway capacity in recent months.

Sources: US Directional Oil And Gas Drilling Firm SDI Seeking Buyer

Thursday, August 09, 2018 SDI is being offered to potential buyers at a valuation of more than $500 million, sources familiar said.

Azeri Oil Fund SOFAZ Reports 9% Rise In Assets To $38.04B

Tuesday, July 17, 2018 Azerbaijan's state oil fund SOFAZ says its assets rose by more than 9% year on year to $38.04 billion as of July 1.

Russian Lawmakers Approve Profit-Based Taxation For Oil Production

Thursday, July 05, 2018 The lower house of Russian parliament on Thursday approves in the third and final reading the new, profit-based, taxation for a limited number of oilfields.

EBRD Set To Approve TAP Loan In Boost For Developers -Sources

Wednesday, July 04, 2018 A major European development bank is likely to approve a loan for the Trans-Adriatic Pipeline (TAP) gas project on Wednesday, sources say.

Rig Firm Fred. Olsen Energy Fails To Win Waiver Extension

Monday, July 02, 2018 The creditors of Oslo-listed Fred. Olsen Energy did not agree to extend a waiver to some of the company's financial covenants that expired on Saturday, the Norwegian drilling rig contractor says.

Santos Set To Resume Dividends Earlier Than Expected, Shares Rise

Thursday, June 28, 2018 Australia's Santos Ltd says it will resume its dividend payment policy earlier than expected.

Colombia's Ecopetrol Cuts Planned 2018 Spending To $3-3.5B

Wednesday, August 15, 2018 Ecopetrol says it will invest $3 billion to $3.5 billion during 2018.

Services Firm's Aberdeen Base Sees Increased Demand, Results in Office Move

Tuesday, August 14, 2018 Ampelmann says its Aberdeen base has experienced increased business demand in recent months.

ConocoPhillips to Cut US Staff in September

Monday, August 13, 2018 Oil and gas producer ConocoPhillips will be implementing modest workforce reductions.

'New Player' Enters Louisiana Austin Chalk

Monday, August 13, 2018 Amelia Resources has sold 40,000 net acres of newly acquired leases in Louisiana Austin Chalk and Louisiana-Mississippi (LAMS) Stack plays to an 'undisclosed US-based buyer.'

DNV GL Appoints Market Sector Leader for UK Onshore Gas Industry

Monday, August 13, 2018 DNV GL, a technical advisor to the global oil and gas industry, appoints Tim Roff as market sector leader for the UK onshore gas industry.

Neptune Energy to Acquire North Sea Interests from Apache

Monday, August 13, 2018 Neptune Energy Group agrees to acquire certain development and exploration assets in the UK Central North Sea from Apache North Sea Limited.

Cenovus Agrees to Sell Pipestone Business for $625M

Friday, August 10, 2018 Cenovus Energy enters into an agreement to sell the general partnership that holds the Pipestone and Wembley natural gas and liquids business in northwestern Alberta.

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