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Oil Market Cherry Picking USA Inventory Data

Oil Market Cherry Picking USA Inventory Data
Friday September 24, 2021 - Rigzone's regular market watchers take a closer look at U.S. inventory data, Shell and ConocoPhillips' major Permian deal, Covid developments and more.
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Industry Headlines

Oil Closes On Five Week Win Streak Share your comments
Friday, September 24, 2021Oil rose for the fifth straight week with the global energy crunch set to boost demand for crude as stockpiles decline from the U.S. to China.

Interior Secretary Haaland Hints at Fossil Fuel Extraction Limits Share your comments
Friday, September 24, 2021Interior Secretary Haaland suggested a sharply limited role for fossil fuel extraction on U.S. federal lands and waters in her most expansive comments yet on the administration's overhaul of oil and gas leasing.

Vitol Sees Oil Jumping to $80+ Share your comments
Friday, September 24, 2021Vitol Group, the world's biggest independent oil trader, expects global crude demand to climb by an extra half a million barrels a day this winter.

Oil Market Cherry Picking USA Inventory Data Share your comments
Friday, September 24, 2021Rigzone's regular market watchers take a closer look at U.S. inventory data, Shell and ConocoPhillips' major Permian deal, Covid developments and more.

OGA Launches Decarbonization Competition Share your comments
Friday, September 24, 2021The UK Oil and Gas Authority has launched a $1.3 million competition to help decarbonize offshore oil and gas production.

Oil Up as Global Markets Tighten Share your comments
Friday, September 24, 2021Oil held gains near the highest since 2018 amid a global energy crunch that's set to increase demand for crude, while stockpiles are falling from the U.S. to China.

TMC To Supply Sangomar FPSO With Compressor Systems Share your comments
Friday, September 24, 2021TMC Compressors will supply the marine compressed air system for Woodside’s Sangomar FPSO.

King's Quay Floating Production Unit In Texas Waters Share your comments
Friday, September 24, 2021King’s Quay floating production unit has arrived to Ingleside, Texas, after a 14,000-mile journey from South Korea.

Go On a Virtual Gulf of Mexico Oil Rig Tour Share your comments
Thursday, September 23, 2021Valaris has created a virtual rig tour of its Valaris Relentless (Valaris DS-18) drillship, which is currently operating in the Gulf of Mexico.


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Most Popular Articles

Exploration

Carnarvon To Drill Bufallo-10 Well In Early November Share your comments
Thursday, September 23, 2021Carnarvon Petroleum set to spud the Buffalo-10 well in the Timor Sea in early November.

Great Interest in Latest Norway License Round Share your comments
Friday, September 17, 2021There has been great interest in the Norwegian continental shelf during the country's latest licensing round, according to Norway's Ministry of Petroleum and Energy.

First Exploration Well for North Sea Company Drilled Share your comments
Thursday, September 16, 2021Longboat Energy has announced that drilling has commenced at Rodhette, the company's first exploration well.

Significant Onshore Australia Gas Discovery Made Share your comments
Wednesday, September 08, 2021Mineral Resources Limited revealed that recent drilling activity led to a 'significant' gas discovery at the Lockyer Deep 1 project in the onshore Perth Basin, Australia.

BW Energy's Gabon Oil Find Volumes Disappoint Share your comments
Friday, September 03, 2021BW Energy has stated that preliminary results from its Hibiscus North exploration well off Gabon were not as good as it hoped but that there was an upside to it as well.

Carnarvon Petroleum Picks Valaris Rig for Buffalo-10 Well Share your comments
Thursday, September 02, 2021Carnarvon Petroleum hires the Valaris JU-107 jack-up for drilling of the Buffalo-10 well offshore Timor-Leste.


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Production

CNOOC Flows First Oil From Bozhong 19-4 Oilfield Share your comments
Friday, September 24, 2021CNOOC Limited starts production from Bozhong 19-4 oilfield comprehensive adjustment project.

BSEE Releases Final Hurricane Ida Report Share your comments
Friday, September 24, 2021The Bureau of Safety and Environmental Enforcement (BSEE) has released its final update on evacuation and shut in production statistics for Hurricane Ida.

BP GOM Assets Back Online Following Hurricane Ida Share your comments
Friday, September 24, 2021Supermajor BP has brought online all four of its assets in the Gulf of Mexico post-Hurricane Ida.

Canada Oil Sands Force Majeure Adds to Supply Woes Share your comments
Thursday, September 23, 2021Syncrude Canada Ltd., a light crude producer majority-owned by Suncor Energy Inc., cut September supplies due to a mechanical disruption at its oil sands site, according to a person familiar with the situation.

Key Members Say OPEC+ Can Keep Reviving Supply Share your comments
Tuesday, September 21, 2021OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.

Is Gulf of Mexico Production Still Shut In? Share your comments
Monday, September 20, 2021Rigzone looks at the Bureau of Safety and Environmental Enforcement's latest production status data for the Gulf of Mexico.


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Finance and Investing

Shell Sheds Egypt Onshore Assets Days After Permian Exit Share your comments
Friday, September 24, 2021Shell has completed the sale of upstream assets in Egypt’s Western Desert to a consortium of Cheiron Petroleum and Cairn Energy subsidiaries.

Lightsource BP Secures $1.8B Credit Facility Share your comments
Wednesday, September 22, 2021Lightsource bp has secured a new $1.8 billion revolving credit facility and trade finance facility.

Adnoc Raises Drilling IPO Size to $1.1B Share your comments
Wednesday, September 22, 2021Abu Dhabi National Oil Co. increased the size of its drilling unit's initial public offering amid heavy demand for shares in what is likely to be the emirate's biggest listing in at least four years.

Diamondback Rises After Accelerating Returns Share your comments
Friday, September 17, 2021Diamondback Energy Inc. rose in after-hours trading after pledging to accelerate cash returns to shareholders in the fourth quarter.

Gunvor to Tap Bond Market for First Time Since 2013 Share your comments
Thursday, September 16, 2021Gunvor Group Ltd. is seeking a return to the bond market for the first time in eight years.

ACWA Plans $1.2B Offer in Biggest Saudi IPO Since Aramco Share your comments
Tuesday, September 14, 2021ACWA Power International is set to raise up to 4.55 billion riyals ($1.2 billion) in what would be the biggest offering in Riyadh since Saudi Aramco's listing.


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Company Operations

Petrofac Signs Partnership with Green Hydrogen Co Share your comments
Friday, September 24, 2021Petrofac has announced that it has signed a strategic partnership with UK green hydrogen energy company Protium.

Sapura Energy CFO Steps Down Share your comments
Thursday, September 23, 2021Sapura Energy Berhad has announced that Reza Abdul Rahim will step down from his position as Group Chief Financial Officer.

Saipem and Aramco Sign MOU for Potential New Co Share your comments
Wednesday, September 22, 2021Saipem has revealed that it and Saudi Aramco have signed a Memorandum of Understanding.

Oil Trader Vitol Jumps into EV Fleet Business Share your comments
Wednesday, September 22, 2021Vitol Group, the world's biggest independent oil trader, is jumping into the electric-vehicle fleet business.

Subsea 7 Secures Sizeable Norwegian Sea Deal Share your comments
Wednesday, September 22, 2021Subsea 7 has revealed that it has been awarded a 'sizeable' contract by OneSubsea for a project at the Ormen Lange field.

Shell and ConocoPhillips in $9.5B Permian Deal Share your comments
Tuesday, September 21, 2021Royal Dutch Shell plc (NYSE: RDS.A) has announced that its subsidiary, Shell Enterprises LLC, has reached an agreement for the sale of its Permian business to ConocoPhillips (NYSE: COP) for $9.5 billion in cash.


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