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Oceaneering Rides Recovery Wave With New ROV Technology

Industry Headlines

US Rig Count Reaches Highest Level in Two-and-a-Half Years
Friday, October 19, 2018 The US adds four rigs this week, making this week's count the highest since March 2015.

White House Backed Big Oil Over EPA on Finding Methane Leaks
Friday, October 19, 2018 White House officials pushed the EPA to maximize savings for the oil industry despite the agency's concern.

Russia Is Said to Offer Exxon New Projects
Friday, October 19, 2018 Russia is said to offer ExxonMobil new projects as U.S. sanctions loom.

Crude Oil Down for Second Straight Week
Friday, October 19, 2018 The WTI and Brent futures prices finished the day higher Friday but ended the week lower.

Oceaneering Rides Recovery Wave With New ROV Technology
Thursday, October 18, 2018 Technology is increasingly becoming more important for oilfield services companies to gain an edge in what's still a recovering market.

Big Oil's Hired Hands Chase Foreign Boom
Thursday, October 18, 2018 The biggest providers of oilfield services are surfing a wave of international spending on the back of higher prices.

US, Saudi Tensions Warrant Oil Market Attention
Thursday, October 18, 2018 U.S. and Saudi Arabia tensions warrant the oil market's attention, but there is no cause for alarm – yet.

Oil Prices Continue Descent
Thursday, October 18, 2018 The recent downward movement of crude oil futures continued Thursday.

Oil Set for Weekly Loss
Friday, October 19, 2018 Oil is poised for a second weekly drop after a larger than expected gain in American crude stockpiles eclipsed tensions between the United States and Saudi Arabia.


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Exploration

OGA Starts New Plan for 300MM Barrel North Sea Area
Friday, October 19, 2018 The OGA initiates a new area plan to maximize economic recovery from the Greater Buchan area of the North Sea, which it says is estimated to contain between 150 and 300 million barrels of oil equivalent.

Exxon Exploration Chief Eyes Africa for Next Elephant Oil Find
Thursday, October 18, 2018 ExxonMobil is targeting western and southern Africa for the world's next big oil bonanza.

Offshore Mozambique Block Goes to Eni
Wednesday, October 17, 2018 Eni has bolstered its presence in Mozambique.

Cuadrilla Starts UK Fracking
Tuesday, October 16, 2018 Cuadrilla starts hydraulic fracturing operations at its UK Preston New Road shale gas exploration site.

New US GOM Seismic Project for TGS and Schlumberger
Friday, October 12, 2018 TGS and Schlumberger announce a new multiclient nodal seismic project in the US Gulf of Mexico (GOM).

Wildcatters Still a Gamble for Investors Despite Oil's Rise
Thursday, October 11, 2018 Even with talk that prices of $100 a barrel could again be in sight, investors are wary before taking the gamble.


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Production

Onshore UK Portland Field Dubbed Commercially Viable
Friday, October 19, 2018 Horse Hill Developments, a UKOG subsidiary, considers the Portland oil field to be commercially viable, UKOG has revealed.

BP Thunder Horse Expansion in Gulf of Mexico Starts Early
Thursday, October 18, 2018 BP starts up its Thunder Horse Northwest Expansion in deepwater Gulf of Mexico months ahead of schedule.

Natural Gas Helps Texans Save Almost $60B in 10 Years
Tuesday, October 16, 2018 A new report by the Consumer Energy Alliance finds that Texas residents saved billions of dollars, thanks to natural gas production.

New Produced Water Blueprint Expected in 2019
Tuesday, October 16, 2018 An upcoming report could usher in produced water's transformation from a byproduct to a resource.

110MM Barrel North Sea Field Comes Online
Monday, October 15, 2018 The North Sea Oseberg Vestflanken 2 field came online on October 14.

Offshore Mexico FPSO Contract Goes to Modec
Friday, October 12, 2018 Eni Mexico to deploy the FPSO in Offshore Area 1


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Finance and Investing

Aramco Is Not Alone as Saudi Arabia's Privatization Push Slows
Thursday, September 20, 2018 Aramco may have grabbed the biggest headlines, but the oil giant's delayed initial public offering is just the latest sign of Saudi Arabia's slowing privatization push.

Qatar Calls For Increased Investment In Oil And Gas Markets
Thursday, September 06, 2018 Qatar's energy minister calls for oil-producing countries to boost investment in the oil and gas sector given a recovery in the price of oil.

Weatherford CEO Expects 2018 EBITDA To Nearly Double
Wednesday, September 05, 2018 Weatherford International's full-year earnings before expenses will nearly double from last year, CEO Mark McCollum says.

Alberta Cuts Budget Deficit Outlook As Oil Prices Rebound
Friday, August 31, 2018 The Alberta government lowered its 2018-2019 budget deficit projection.

Total Rules Out Investing In US Shale Oil After BP-BHP Deal
Monday, August 27, 2018 Total is not looking at investing in the US shale oil industry.

Norway's Plan to Dump Oil, Gas Stocks Meets Resistance
Friday, August 24, 2018 Norway's $1 trillion sovereign wealth fund is meeting resistance on its plan to dump more than $40 billion in oil and gas stocks.


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Company Operations

Freeport-McMoRan Hires Rowan Jackup for GOM Work
Friday, October 19, 2018 Freeport-McMoran has hired a Rowan jackup for a one-well contract in the US Gulf of Mexico.

Petrofac Sells 49 Percent of Mexico Operations
Friday, October 19, 2018 Petrofac completes the sale of 49% of its operations in Mexico to Perenco (Oil & Gas) International Limited.

Earthstone Gains Midland Basin Assets for $950MM
Thursday, October 18, 2018 Earthstone signs two deals to acquire assets in the northern Midland Basin for $950 million in cash and stock.

Equinor Sells Tommeliten Discovery Stake
Thursday, October 18, 2018 Equinor signs an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf for a total of $220 million.

Chevron Donates $500K for Hurricane Relief
Wednesday, October 17, 2018 Chevron announces a contribution of $500,000 from the Chevron Global Community Fund to assist with efforts to recover from the damage done by Hurricane Michael.

Aker BP Buys King Lear Find
Tuesday, October 16, 2018 Aker BP enters into an agreement with Equinor to acquire its 77.8% interest in the King Lear gas/condensate discovery.


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