Halliburton's Profits Take a Hit in 2Q

Industry Headlines

Oil, Gas Industry is Embracing its 'Big Data Tsunami'
Monday, July 22, 2019 The industry's nervousness about storing data off-site is disappearing as machine learning and volumes of big data make cloud computing an inevitable reality.

UK Concerned About Seized Vessel Crew Safety
Monday, July 22, 2019 The UK is very concerned about the safety and welfare of the 23 crew members of the seized Stena Impero vessel.

Oil Advances as Gulf Tensions Remain Elevated
Monday, July 22, 2019 Oil extended gains as tensions in the Persian Gulf remained elevated after Iran seized a British tanker.

Oil Leaps as Persian Gulf Tensions Increase
Friday, July 19, 2019 Oil climbs after Iran's Revolutionary Guard Corp said it seized a British-flagged tanker in the Strait of Hormuz, raising stakes in the critical oil chokepoint.

US Drops Five Oil Rigs
Friday, July 19, 2019 The U.S. saw another week of rig declines, according to Baker Hughes, a GE Company.

Icahn Ups Oxy Board Battle After CEO Talks Fail
Friday, July 19, 2019 Billionaire Carl Icahn formally asked Occidental investors to help him replace four of the company's 10 directors and potentially push for a sale.

Guaido Asks US Judge to Protect PDVSA Board Picks
Friday, July 19, 2019 Venezuela's opposition leader is asking a court in Delaware to protect his board appointments to the government-owned company that runs one of the biggest U.S. refiners.



Turkey Vows to Keep Up Drilling Off Cyprus
Tuesday, July 16, 2019 Turkey rebuffed a set of punitive measures by the European Union and vowed to go ahead with its energy exploration in the eastern Mediterranean.

Odfjell Rig Returning to South Africa
Monday, July 15, 2019 Total has secured the Deepsea Stavanger for more Block 11B/12B drilling.

Offshore Australia Block Goes to Inpex
Friday, July 12, 2019 A unit of Inpex has won an exploration permit for Block AC/P66 in Australia's North West Shelf.

Aker BP Makes Oil Discovery Offshore Norway
Friday, July 12, 2019 Aker BP makes an oil discovery through the Liatarnet exploration well in license 442, which is located in the NOAKA area offshore Norway.

Oil, Gas Discoveries in 2019 See 35 Percent Increase
Thursday, July 11, 2019 In the first half of 2019 alone, the world has uncovered 6.7 billion barrels of oil equivalent with deepwater leading the way, according to energy research firm Rystad Energy.

Dominican Republic Kicks Off First-Ever Bid Round
Thursday, July 11, 2019 The Dominican Republic launched its first-ever licensing round with a roadshow in Houston.



Libya Oil Production Set to Recover
Monday, July 22, 2019 Libyan oil production is set to recover from a five-month low as the North African supplier's biggest field restarts following a brief halt.

Offshore GOM Operators Returning to Normal
Monday, July 22, 2019 Offshore oil and gas operators in the Gulf of Mexico are resuming normal operations following tropical storm Barry.

Scotland Boosts Decommissioning Fund
Friday, July 19, 2019 The Scottish government has revealed that $5 million of funding is being made available as part of the fourth round of the Decommissioning Challenge Fund.

Canada Gas Producers Want a Break on Royalty Payments
Thursday, July 18, 2019 Canadian natural gas producers are asking Alberta's government to give drillers a break on their royalty payments in return for cutting back output during periods of heavy pipeline maintenance.

Brazil Leads Upcoming FPSO Growth
Thursday, July 18, 2019 Brazil leads the global deployment of planned and announced FPSO vessels to 2025, according to GlobalData.

New Entrants Hold 46 Percent of UKCS Production
Wednesday, July 17, 2019 New entrant exploration and production companies to the UK Continental Shelf since 2008 now control 46 percent of production.


Finance and Investing

Aramco IPO Bankers Question If Deal Is Worthwhile
Friday, July 19, 2019 When Saudi Arabia announced plans to sell shares in its crown jewel Aramco, international bankers scrambled to get a piece of the action.

North Sea Oil is Learning From US Shale
Wednesday, July 17, 2019 The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in the North Sea.

No Quick Exit From Permian Oil for Private Equity
Tuesday, July 16, 2019 Private equity has been ramping up its investment in Permian Basin oil and natural gas production, but the old strategy of selling out after a few years is no more.

Apollo Weighing Investment in Sanchez Energy Debt
Monday, July 15, 2019 Apollo Global Management is weighing an investment in oil producer Sanchez Energy Corp.'s debt, according to people with knowledge of the matter.

Saudis Expand Reach of $28B Fund to Energy, Mining
Wednesday, July 10, 2019 Saudi Arabia expanded the mandate of its $28 billion industrial fund to allow the financing of energy, logistics and mining projects.

Aramco to Restart IPO Preparations
Tuesday, July 02, 2019 Saudi Arabia is restarting preparations for a potential initial public offering of oil giant Aramco, according to people familiar with the matter.


Company Operations

Halliburton's Profits Take a Hit in 2Q
Monday, July 22, 2019 Halliburton's second quarter earnings are a mixed bag as the oilfield services company sees profits plummet while international operations increase revenues.

Philadelphia Energy Files for Chapter 11
Monday, July 22, 2019 Philadelphia Energy files for bankruptcy protection as the fuel-making company grapples with the aftermath of a June explosion and fire at its oil refinery.

Emerge Energy Services Files for Bankruptcy
Friday, July 19, 2019 Emerge Energy Services and its subsidiaries have filed for Chapter 11 bankruptcy.

Schlumberger Increases Profits, Names CEO
Friday, July 19, 2019 Schlumberger reports its second quarter earnings and names its new CEO. PHOTO SOURCE: Schlumberger

Seadrill Wins West Africa Contract
Thursday, July 18, 2019 Seadrill Limited reported Wednesday that it has secured a contract for its West Gemini drillship in West Africa.

OPEX Group Gets New Office After Team Expansion
Thursday, July 18, 2019 Aberdeen-based OPEX Group has moved to a new office following a doubling of its customer base and subsequent team expansion.