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Industry Headlines

Oil Prices Down for the Week
Friday, January 24, 2020 WTI and Brent crude oil prices faltered again Friday.

Mnuchin Questions Need for Carbon Tax
Friday, January 24, 2020 U.S. Treasury Secretary Steven Mnuchin called it "a tax on hard working people."

Oil Industry Climate Suits Have Poor Track Record
Friday, January 24, 2020 Attempts to make Big Oil pay for climate change may be impossible.

US Extends Clampdown on Iran
Friday, January 24, 2020 The U.S. sanctioned four companies that it says have traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals in its latest effort to clamp down on the Islamic Republic's revenue sources.

US Energy Independence Fuels Persian Gulf Insecurity
Friday, January 24, 2020 The U.S. drive for energy independence fuels Persian Gulf insecurity, according to a new report by Verisk Maplecroft.

SARS Oil Demand Implications Proved Transitory
Friday, January 24, 2020 While SARS was an extreme event, the oil demand implications proved transitory, according to Standard Chartered.

Virus Anxiety Has Oil Poised for Losing Streak
Friday, January 24, 2020 Oil is heading for the longest run of weekly losses since May on fears China's coronavirus outbreak may dent demand amid plentiful global supplies.


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Exploration

Seadrill Rig Order Goes to Semco
Friday, January 24, 2020 This photo shows the Seadrill-operated West Bollsta harsh-environment rig, which will mobilize on the Norwegian Continental Shelf. PHOTO SOURCE: Semco Maritime.

Global Exploration Poised for Upswing
Monday, January 20, 2020 Global exploration is poised for an upswing as operators flock to licensing rounds, according to Rystad Energy.

Angola's Oil Drilling Ramps Up
Friday, January 17, 2020 Angola's ailing oil industry got a shot in the arm this week, with Eni SpA and Total SA both showing their commitment to the OPEC producer.

First Shafag-Asiman Expl. Well Spudded Offshore AZ
Friday, January 17, 2020 BP announced this week that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea.

Total to Drill World's Deepest Offshore Well in Angola
Wednesday, January 15, 2020 Total SA will drill the world's deepest offshore well in Angola, in waters more than 2 miles deep, as the African country works to reverse years of declining output.

Offshore Senegal Project Advances
Thursday, January 09, 2020 The 23-well Sangomar Field Development offshore Senegal just moved one step closer to getting underway.

Offshore Contractors Primed For a Busy 2020
Wednesday, January 08, 2020 Some industry insiders have doubts about whether there is sufficient contractor capacity to deal with the expected volume of business.


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Production

US Oil Industry Made History in December
Thursday, January 23, 2020 API contends it's a win for US consumers.

Sinking Natural Gas Prices Have Drillers Hitting the Brakes
Thursday, January 23, 2020 Gas production is showing signs of a slowdown after years of runaway growth.

Kuwait to Resume Oil Output in Area Shared With Saudis
Wednesday, January 22, 2020 Khafji was shut down in 2014 after a spat between the neighbors.

US Shale Suffering From Sustained Contraction
Tuesday, January 21, 2020 Slower output growth would have global ramifications, given additional US barrels are forecast to account for most of the increase in 2020 worldwide supply.

US Calls for Immediate Resumption of Libya Oil Output
Tuesday, January 21, 2020 The U.S. embassy in Libya called Tuesday for an immediate resumption of oil production.

Libya Oil Production Plunges
Monday, January 20, 2020 Libya's eastern warlord kept virtually all of the nation's oil fields shut in a show of defiance after world leaders failed to persuade him to sign a peace deal.


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Finance and Investing

Latest Norway Oil Spending Boom Probably the Last
Thursday, January 23, 2020 Western Europe's biggest oil and gas producer just witnessed its final investment boom, according to Norway's largest bank.

Oil, Gas Bankruptcy Filings Climb in 2019
Wednesday, January 22, 2020 The price of oil has been stubbornly immune to sustained increases despite key geopolitical catalysts.

Aramco International Listing Still on the Cards
Wednesday, January 22, 2020 Saudi Aramco is still considering listing shares abroad, the kingdom's Finance Minister Mohammed Al-Jadaan said.

McDermott to Seek Bankruptcy and Sell Lummus Unit
Tuesday, January 21, 2020 The company will file for bankruptcy after it reached an agreement with creditors to tackle debt acquired through a botched acquisition.

US Renewable Investment Hit a Record in 2019
Thursday, January 16, 2020 The U.S. renewable energy industry doesn't seem to take much notice of President Donald Trump's views on green energy and climate change as investments surged to a record last year.

Oil, Gas Supermajors Living Beyond their Means
Thursday, January 16, 2020 Some of the world's largest oil and gas companies are shelling out more to their shareholders than they can afford, according to a new report.


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Company Operations

UK Prosecutors Allege Iraq Oil Boss Corruption
Friday, January 24, 2020 British prosecutors told a London jury that Iraqi oil bosses were wooed by shopping trips, cash and offers of new TVs from businessmen seeking lucrative contracts.

Santa Retiring from Pipeline Advocacy Group
Friday, January 24, 2020 After 17 years at the helm, Don Santa is retiring as president of the Interstate Natural Gas Association of America (INGAA).

Ammonia-Fueled Supply Vessel on the Drawing Board
Friday, January 24, 2020 Equinor announced Thursday that the world's first carbon-free ammonia-fueled supply vessel is on the drawing board.

Anadarko Alum Joins Talos
Thursday, January 23, 2020 Talos Energy reported that Robert "Bob" Abendschein will succeed Stephen E. Heitzman.

Exxon Mulling Upstream Asset Sales in North Sea, Germany
Thursday, January 23, 2020 The two sales could fetch more than $2 billion combined.

Tullow, Total Plan Sale of Stakes in Kenya Oil Fields
Thursday, January 23, 2020 The French energy giant is seeking to sell half of its 25 percent stake in the fields.

Total Awards GOM North Platte Contract
Thursday, January 23, 2020 Total E&P USA has awarded Worley the FEED contract for its North Platte field development in the Gulf of Mexico.


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