FEATURED STORY
Exxon, Chevron Battle it Out in the Permian

Industry Headlines

Oil Prices Mixed for the Week
Friday, March 22, 2019 Both the WTI and Brent fell Friday, but one remains slightly positive for the week.

US Drops 10 Oil, Gas Rigs
Friday, March 22, 2019 The U.S. scrapped a total of 10 oil and gas rigs this week.

Exxon, Chevron Battle it Out in the Permian
Friday, March 22, 2019 New analysis by Rystad Energy explores which supermajor has the most potential in the prolific Permian Basin.

Oil Set for Third Weekly Gain
Friday, March 22, 2019 Oil is poised for a third weekly advance, buoyed by the biggest drop in American crude stockpiles since July at a time when the OPEC+ coalition is pressing on with its output curbs.

Crude Oil Misses Milestone
Thursday, March 21, 2019 Both the WTI and Brent contracts faltered Thursday.

$2.1B Deal Lets Murphy Focus on One Hemisphere
Thursday, March 21, 2019 Murphy Oil will sell its main Malaysia subsidiaries to PTTEP.

Medco Raises Offer for Ophir Takeover
Thursday, March 21, 2019 Indonesian company Medco has upped its takeover offer for London-based Ophir Energy.

Gulf of Mexico Lease Sale 252 Saw $244.3MM in High Bids
Thursday, March 21, 2019 Thirty companies participated and submitted almost $284 million in all bids for acreage in the federal waters of the Gulf of Mexico.

Texas Posts 15,000+ Industry Jobs During Jan-Feb
Thursday, March 21, 2019 From January through February, there were 90,718 total job postings for the Texas oil and natural gas industry, of which 15,375 were unique.


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Exploration

Aker BP Makes New Discovery
Thursday, March 21, 2019 Aker BP has made a discovery at the Froskelar Main exploration well.

Siccar Point Energy Spuds Exploration Well
Tuesday, March 19, 2019 UK-based Siccar Point Energy has begun its 2019 drilling campaign by spudding an exploration well at the Blackrock prospect. (Courtesy Photo)

Eni Finds Gas Offshore Egypt
Thursday, March 14, 2019 Eni has made a gas discovery at the Nour prospect offshore Egypt.

Deepwater Angola JV Hits Oil Pay
Wednesday, March 13, 2019 Early estimates indicate up to 650 million barrels of light crude in place.

Marathon Oil Opts for Overlooked Acreage Outside of Permian
Tuesday, March 12, 2019 The explorer is opting to snap up cheap acreage in overlooked areas like the Louisiana Austin Chalk.

Eni Inks Farmout Deal with Qatar Petroleum for Mozambique Block
Monday, March 11, 2019 Eni and Qatar Petroleum have entered into a farmout agreement which will allow Qatar Petroleum a 25.5 percent participating interest in Block A5-A offshore Mozambique.


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Production

Alberta Increases Oil Production Limits
Wednesday, March 20, 2019 Alberta's government will allow oil producers to pump more in May and June.

Spirit Energy Brings Oda Online
Tuesday, March 19, 2019 Spirit Energy has started oil production on the Oda field almost 5 months earlier than originally planned.

US Slashes Oil Production Forecast
Tuesday, March 12, 2019 While crude output is still expected to reach record levels, the EIA trimmed its 2019 forecast.

UK Oil and Gas Production Rises in 2018
Tuesday, March 12, 2019 UK oil and gas production increased by more than 4 percent last year, according to a new report by the Oil and Gas Authority.

US to Drive Oil Supply Growth to 2024
Monday, March 11, 2019 The United States will drive global oil supply growth over the next 5 years, according to the IEA.

US to Export More Oil, Liquids than Saudi Arabia in 2019
Thursday, March 07, 2019 The U.S. is poised to export more oil and liquids than Saudi Arabia by year-end, according to Rystad Energy.


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Finance and Investing

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.

BP Invests in Technology to Help Upstream Business
Monday, January 28, 2019 BP Ventures invested $5 million in a Houston technology startup that uses artificial intelligence to help BP experts make more efficient upstream decisions.

Gastar Emerges from Chapter 11 Bankruptcy
Wednesday, January 23, 2019 The pure play Mid-Continent energy company has successfully completed its restructuring process.


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Company Operations

DEA Completes Sierra Acquisition
Friday, March 22, 2019 DEA Deutsche Erdoel completes the acquisition of 100 percent of the shares of Sierra Oil & Gas.

Total Increases Workforce by 6 Percent
Friday, March 22, 2019 Total increased its global workforce by six percent in 2018, the company's latest registration document has revealed.

Offshore Jackets and Topsides Contract Goes to McDermott
Thursday, March 21, 2019 The work is expected to take 34 months to complete.

Equinor Subsea Contract Goes to TechnipFMC
Wednesday, March 20, 2019 The Johan Sverdrup ULQ platform topsides. IMAGE SOURCE: KBR

Drillers Turning to Big Data in the Hunt for Cheaper Oil
Wednesday, March 20, 2019 The industry is creating new business opportunities for IT, artificial intelligence, big data processing and analytics providers.

Williams, CPPIB to Form $3.8B Shale Gas JV
Tuesday, March 19, 2019 Canada Pension Plan Investment Board and Williams have entered into a long-term partnership that will help Williams optimize its midstream operations in the western Marcellus and Utica basins.


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