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Who is Oil's Most Admired Explorer?

Industry Headlines

First 20,000-psi Rig Delivery by Year End and More Share your comments
Saturday, June 12, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Oil Prices Post Gains for the Week Share your comments
Friday, June 11, 2021Oil posted its third straight weekly rise on improving demand.

Congress Gets Plea from Ukraine to Block Nord Stream 2 Share your comments
Friday, June 11, 2021The head of Ukraine's state-owned oil and gas company says allowing Nord Stream 2's completion would hurt American credibility in Eastern Europe.

Wall Street to Get Bullish Oil Message from Saudi Official Share your comments
Friday, June 11, 2021Saudi Arabia's energy minister is taking his war of words with oil speculators to the heart of Wall Street.

Oil Poised for Third Weekly Gain Share your comments
Friday, June 11, 2021Oil headed for a third straight weekly gain on signs of an improving demand outlook.

IEA Says Oil Demand to Hit Pre-Virus Level in 2022 Share your comments
Friday, June 11, 2021Global oil demand will recover to pre-pandemic levels late next year, the International Energy Agency predicted.

Oil Prices Get Boost from Inflation Data
Thursday, June 10, 2021Futures in New York rebounded from a plunge of as much as 1.8% earlier on Thursday.

Canada Oil Sands Producers in Net Zero Alliance Share your comments
Thursday, June 10, 2021Canadian Natural Resources, Cenovus Energy, Imperial, MEG Energy, and Suncor Energy have formally announced the Oil Sands Pathways to Net Zero initiative.


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Exploration

Baker Hughes Counts 21 Additional Rigs Share your comments
Saturday, June 12, 2021Baker Hughes this week reported a total of 21 additional rotary drilling rigs operating in the United States and Canada.

Who is Oil's Most Admired Explorer? Share your comments
Friday, June 11, 2021Find out who bagged Wood Mackenzie's Most Admired Explorer award.

ExxonMobil Claims More Stabroek Success in Guyana Share your comments
Thursday, June 10, 2021ExxonMobil reported a new discovery at Longtail-3 in the Stabroek Block offshore Guyana.

Chevron Awards GOM Drilling Contract Share your comments
Wednesday, June 09, 2021Chevron has awarded Valaris a three-year contract securing drillship in the USA Gulf of Mexico.

Analysts See Possible 12% Inflation for Shale E&Ps Share your comments
Tuesday, June 08, 2021Costs for steel, labor, diesel, and more have been rising.

Transocean Sees First 20,000-psi Rig Delivery by Year End Share your comments
Tuesday, June 08, 2021The revised deals improve liquidity by $450 million-plus, says president and CEO.

Turkey Finds 19Tcf in Black Sea in 2020-21 Share your comments
Tuesday, June 08, 2021Turkey's latest success with the Amasra-1 well brings Black Sea volumes discovered by the country in 2020 and 2021 to 19 trillion cubic feet, Wood Mackenzie highlights.


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Production

What Now for Canadian Oil Sands Producers? Share your comments
Friday, June 11, 2021Here is a review of oil and gas market hits and misses for the week ending June 11, 2021.

Wood Renews Offshore Canada Platform Partnership Share your comments
Friday, June 11, 2021The Hibernia platform offshore Newfoundland and Labrador achieved first oil in 1997. PHOTO SOURCE: Wood

Worley Nets 2 Year Ithaca Deal Share your comments
Wednesday, June 09, 2021Worley (ASX: WOR) has been awarded a two year contract to provide engineering and procurement services for Stage 2 of Ithaca Energy's Captain Enhanced Oil Recovery project in the central North Sea.

McDermott Completes Historic India Subsea Project Share your comments
Friday, June 04, 2021McDermott International reported that it has completed work on a pioneering subsea project off India's east coast.

$540MM Louisiana Pipeline Project Clears Hurdle Share your comments
Thursday, June 03, 2021FERC has granted approval for Enable Midstream to construct and operate the Gulf Run Pipeline project.

$550MM Drilling Contract Awards Go to KCA Deutag Share your comments
Thursday, June 03, 2021KCA Deutag has won three platform drilling contract awards. PHOTO SOURCE: KCA Deutag

OPEC+ Sticks with Planned July Output Hike Share your comments
Tuesday, June 01, 2021The group will press ahead with an increase of 841,000 barrels a day in July, according to delegates.


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Finance and Investing

Oil Stocks Hold Strong Amid Climate Uproar Share your comments
Thursday, May 27, 2021Energy-stock investors are clinging to their holdings, buoyed by rising commodity prices and profits, as the companies face historic pressure to confront climate change.

SLB-Backed Arabian Drilling Planning Saudi IPO Share your comments
Tuesday, May 04, 2021Arabian Drilling Co is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter.

Exxon Earns $2.7B in First Quarter Share your comments
Monday, May 03, 2021Exxon Mobil Corporation (NYSE: XOM) has announced estimated first quarter 2021 earnings of $2.7 billion.

Chevron Posts Bumper Cash Flow Share your comments
Friday, April 30, 2021Chevron Corp. generated the most free cash flow since the pandemic emerged as economies clawing their way out of more than a year of lockdowns and paralysis burn more fuel.

Total Profit up to Pre-Pandemic Levels Share your comments
Thursday, April 29, 2021Total SE's profit surged by more than expected in the first quarter, making it the latest oil major to see earnings return to pre-pandemic levels.

Shell Profit Surges More Than Expected Share your comments
Thursday, April 29, 2021Royal Dutch Shell Plc took the opportunity to pay down its heavy debt burden as profit surged by more than expected in the first quarter.


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Company Operations

Rosneft Sells Vostok Oil Stake Share your comments
Friday, June 11, 2021Rosneft has signed heads of terms for the transaction of a five percent stake in the capital of OOO Vostok Oil with a consortium of Vitol S.A. and Mercantile & Maritime Energy Pte. Ltd.

Oxy to Divest Permian Acreage in $508MM Deal Share your comments
Thursday, June 10, 2021Occidental has agreed to sell non-strategic acreage in the Permian Basin to a Colgate Energy Partners III, LLC.

McDermott Appoints New Executive Vice President Share your comments
Thursday, June 10, 2021McDermott International Ltd announced Wednesday that Samik Mukherjee has been appointed as the company's executive vice president and chief operating officer.

BP Veteran Suttles to Retire from Ovintiv Share your comments
Wednesday, June 09, 2021Ovintiv Inc. reported Tuesday that its CEO, Doug Suttles, will retire later this year.

McDermott Sub Gets Conditional LOA for $2B Contract Share your comments
Wednesday, June 09, 2021A consortium of a subsidiary of McDermott International and Sinopec International Petroleum Service Corporation has received a conditional letter of award for a future contract.

McDermott Announces Leadership Change Share your comments
Tuesday, June 08, 2021McDermott International Ltd has announced that its chief executive officer, David Dickson, has decided to resign.


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