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Sudan Wants ONGC Videsh To Withdraw Arbitration Over Oil Payment Dues

Friday, August 17, 2018 Sudan wants India's ONGC Videsh (OVL) to withdraw arbitration proceedings against the African nation as it is making efforts to mitigate default on payment of dues, OVL says.

Global Oilfield Service Sector to Hit Pre-Downturn Market Levels by 2024

Friday, August 17, 2018 Rystad Energy expects the global oilfield service sector to be back at pre-downturn market levels by 2024.

Maersk to Pursue Separate Listing of Maersk Drilling

Friday, August 17, 2018 Maersk decides to pursue a separate listing of Maersk Drilling on Nasdaq Copenhagen A/S in 2019.

US Safety Board Links Plugged Drill Pipe To Oklahoma Well Fire

Thursday, August 16, 2018 There were signs that a natural gas well was not fully sealed before it exploded in January, killing five workers, the US Chemical Safety Board says.

Workers To Strike At Three Total North Sea Oil And Gas Platforms On Aug. 20

Thursday, August 16, 2018 Workers at three of Total's North Sea oil and gas platforms will go ahead with a 24-hour strike on Monday despite holding talks with the company.

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.

BLOG: The Job of Keeping Offshore Workers Well-Fed Never Ends

Thursday, August 16, 2018 Find out what goes into keeping an offshore facility's galley operating 24/7.

Crude Oil Settles Near Intraday High

Thursday, August 16, 2018 The September WTI oil futures prices ended Thursday's session six cents shy of the intraday high.

UKOOG Welcomes Decision to Grant Ineos Bramleymoor Lane Planning Permission

Friday, August 17, 2018 Industry body UK Onshore Oil and Gas (UKOOG) welcomes the decision to grant Ineos planning permission for an exploration site at Bramleymoor Lane in Derbyshire.

Reduced Royalty Rates Will Lead to Even Greater Increase in GOM Activity

Thursday, August 16, 2018 Reduced royalty rates will lead to an even greater increase in activity in the Gulf of Mexico, according to the Louisiana Mid-Continent Oil and Gas Association President Chris John.

Dorado-1 has Created Big Exploration Buzz around Perth

Thursday, August 16, 2018 The Dorado-1 discovery offshore Australia 'has created a big exploration buzz around Perth,' according to Wood Mackenzie's Australasia Upstream Senior Analyst Daniel Toleman.

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.

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.

DNO to Request Seats on Faroe Board

Thursday, August 16, 2018 DNO ASA reveals that it will request seats on the board of Faroe Petroleum plc.

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.

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