FEATURED STORY
Brent-WTI Oil Price Spread at Highest Point Since 2014

Industry Headlines

Oil Rises on Slower Inflation Rate and Declining Dollar Share your comments
Wednesday, August 10, 2022Oil settled at the highest level in a week on signs of cooling inflation and a weakening dollar.

Global Onshore Crude Stocks Edge Down Share your comments
Wednesday, August 10, 2022'Global onshore crude stocks edged down from their mid-May peak'.

Pioneer CEO Says Tax Bill May Crush USA Mom-N-Pop Oil Drillers Share your comments
Wednesday, August 10, 2022'There'll be more pressure on that small mom-and-pop independent'.

USA Department Of Energy Picks Head Of Office Of Energy Jobs Share your comments
Wednesday, August 10, 2022The U.S. Department of Energy has picked a new head of the Office of Energy Jobs.

UK Government Funds University of Aberdeen Hydrogen Study Share your comments
Wednesday, August 10, 2022The UK Government has earmarked $265,800 for a hydrogen study at the University of Aberdeen.

Wind Industry Feeling Tight Squeeze On Supply Chain Share your comments
Wednesday, August 10, 2022The wind energy market is growing fast but many turbine and component suppliers face negative profits in the face of serious supply chain challenges, Wood Mackenzie said.

Brent-WTI Oil Price Spread at Highest Point Since 2014 Share your comments
Wednesday, August 10, 2022The price spread between Brent and West Texas Intermediate oil increased to a high of $13.26 per barrel on July 29.

U.S. Energy Production Noted Record Drop In 2020 Share your comments
Wednesday, August 10, 2022In 2020, energy production in the U.S. fell by record amounts compared with 2019, mostly due to decreased economic activity during the Covid-19 pandemic.


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Exploration

Hess Encouraged By Huron Well In Gulf Of Mexico Share your comments
Thursday, August 04, 2022Hess is buoyed by the results of the drilling operations concluded in the second quarter at the Huron well in Green Canyon Block 69.

High-Impact Exploration Up With Most Wells Expected Since 2019 Share your comments
Thursday, August 04, 2022Companies drilled 38 high-impact exploration wells in the first half of 2022 and the year is set to finish with most such wells drilled since 2019.

Petrobras Hits Gas Off Colombia Share your comments
Tuesday, August 02, 2022Petrobras, in partnership with Exopetrol, has hit more gas in the Uchuva-1 exploratory well in the Tyrona Block offshore Colombia.

Eni Makes Significant Gas Discovery In UAE Share your comments
Monday, August 01, 2022Eni has made another significant gas discovery of 1-1.5 trillion cubic feet of raw gas in place, in a deeper zone, in its first exploration well drilled in Offshore Block 2 near Abu Dhabi, UAE.

Pantheon Hits Multiple Oil Reservoirs At Second Alkaid Well Share your comments
Monday, August 01, 2022Pantheon Resources has reached the total depth at Alkaid #2 well, hitting multiple oil-bearing reservoirs.

Neptune Energy Kicks Off Ofelia Well Drilling Share your comments
Thursday, July 28, 2022Neptune Energy has continued its exploration in the North Sea with the Deepsea Yantai semi-sub starting drilling operations on the Ofelia exploration well.


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Production

457MW California Solar Project Reaches Full Power Share your comments
Wednesday, August 10, 2022The Palen Solar Project is a 457-megawatt photovoltaic facility in Riverside County, California.

Atlanta Field Returning To Production Soon Share your comments
Tuesday, August 09, 2022Following a scheduled shutdown, Enauta is planning to restart production from the Atlanta field soon with expectations set to return to normal by September.

Who Are the Biggest Producers and Consumers of Renewables? Share your comments
Thursday, August 04, 2022BP's latest annual statistical review of world energy has revealed the biggest producers and consumers of renewable energy.

Wintershall Dea Flows First Oil From Nova Field Share your comments
Tuesday, August 02, 2022Wintershall Dea has started production from its Nova oil field in the Norwegian North Sea together with project partners Sval Energi and Pandion Energy.

Neptune Energy Wraps Up Fenja Drilling Campaign Share your comments
Monday, July 25, 2022Neptune Energy has completed the drilling of four development wells on the operated Fenja field in the Norwegian Sea, in preparation for production start-up.

TotalEnergies Kicks Off Production From Ikike Project Off Nigeria Share your comments
Monday, July 25, 2022TotalEnergies has started production from the Ikike field via a tie-back to existing facilities located offshore Nigeria.


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Finance and Investing

Ring Energy Posts Second Quarter Profit Share your comments
Monday, August 08, 2022Ring Energy reported a jump in net income for the second quarter of 2022 on the back of higher commodity prices.

Targa Resources Post Soaring Q2 Profit Share your comments
Monday, August 08, 2022Targa Resources reported a net profit of $596.4 million for the second quarter of 2022.

W. Virginia Bans Five Banks From State Deals Over O&G, Coal Stance Share your comments
Monday, August 08, 2022West Virginia State Treasurer Riley Moore has named five banks ineligible for state banking contracts due to their stance on fossil fuels funding.

ConocoPhillips Profit Jumps To Over $5 Billion Share your comments
Friday, August 05, 2022ConocoPhillips has reported a rise in second-quarter 2022 earnings. The company earned $5.1 billion compared with second-quarter 2021 earnings of $2.1 billion.

Eni Secures $6.1B Sustainability-Linked Credit Share your comments
Monday, August 01, 2022Eni secures $6.1 billion revolving credit line linked to its two Sustainability-Linked Financing Framework targets.

Exxon Second Quarter Earnings Now Stand As Company Record Share your comments
Monday, August 01, 2022ExxonMobil has announced an estimated second-quarter 2022 earnings of $17.9 Bn. A record quarter for the company.


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Company Operations

Devon in $1.8B Eagle Ford Deal Share your comments
Wednesday, August 10, 2022The transaction is expected to close at the end of the third quarter of 2022.

Diamond Offshore Rakes In $610 Mn In Second Quarter Rig Deals Share your comments
Wednesday, August 10, 2022Offshore driller Diamond Offshore has announced $610 million of contract awards in the second quarter of 2022.

Shell Completes Acquisition Of Solar Expert Sprng Energy Share your comments
Wednesday, August 10, 2022Shell has completed its 100 percent acquisition of Solenergi Power and with it the Sprng Energy group of companies from Actis Solenergi.

Woodside Hires Strohm To Deliver TCP Flowlines For Scarborough Share your comments
Wednesday, August 10, 2022Strohm has been hired by Woodside Energy to deliver two TCP flowlines for the Scarborough field.

Noble Corp. Floater Fleet Fully Contracted In Second Quarter Share your comments
Wednesday, August 10, 2022Noble Corporation has noted that its floater fleet was 100 percent contracted in the second quarter of 2022, with positive momentum set to continue.

Inpex In Nearly $1Bn Dispute With DSME Over Ichthys FPSO Share your comments
Tuesday, August 09, 2022Inpex has filed a $972Mn claim against DSME regarding the construction of the FPSO for the Ichthys field off Australia.

Borr Jack-Up Rig Heading To West Africa Share your comments
Tuesday, August 09, 2022Borr Drilling has agreed on a deal for one of its jack-up drilling rigs.

EMAR Offshore Buys Two Damen Fast Crew Suppliers Share your comments
Tuesday, August 09, 2022EMAR Offshore Services has bought two 2206 Damen Fast Crew Suppliers for operations offshore Angola.

Prospex Completes Project Apollo On El Romeral Power Plant Share your comments
Tuesday, August 09, 2022Prospex Energy has completed Project Apollo, the installation of 83 solar panels on the roof of the El Romeral power plant.


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