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Eni Announces Oil Discovery in Egyptian Western Desert

Industry Headlines

Argentina to Include New Companies in Vaca Muerta Labor Deal
Friday, July 13, 2018 The Vaca Muerta play in Patagonia is one of the world's largest reserves of unconventional hydrocarbons.

Oil Rises But Declines for the Week As Supply Concerns Ease
Friday, July 13, 2018 Oil prices rose on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline.

Russia Says May Step Up Oil Output to Tackle Deficit
Friday, July 13, 2018 Russia and other leading oil producers may boost oil output further if supply shortages hit the global oil market, Russia's energy minister said Friday.

BOEM Sets August Gulf Lease Sale
Friday, July 13, 2018 August 15 lease sale to be livestreamed from New Orleans.

Stocks, Commodities Regain Footing After Dropping on Trade Worries
Thursday, July 12, 2018 Oil steadied on Thursday after taking a wild ride.

SAFE 'Back at the Table' if it Receives 'Any Serious Contact' from NR
Thursday, July 12, 2018 If Norway's SAFE union receives 'any serious contact' from the Norwegian Shipowner's Association, it will be 'back at the table' a SAFE union representative says.

Analysts Revise Oil Price Outlook to 2019
Thursday, July 12, 2018 BMI Research revises its oil price outlook for the next 2 years.

World's Oil Cushion Could Be Stretched To The Limit, IEA Warns
Thursday, July 12, 2018 The world's oil supply cushion could be stretched to the limit due to prolonged outages, supporting prices and threatening demand growth, the International Energy Agency says.

Booming LNG Market Steps Out Of The Dark As Transparency Push Grows
Thursday, July 12, 2018 The $230 billion liquefied natural gas industry is slowly seeing light as global traders push for more transparency in the booming market.


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Exploration

US Drillers Leave Oil Rig Count Unchanged -Baker Hughes
Friday, July 13, 2018 U.S. energy companies left the oil rig count unchanged this week as the rate of growth has slowed over the past month or so.

Carnarvon: Presence of Hydrocarbons Indicated at Dorado-1 Well
Friday, July 13, 2018 The presence of hydrocarbons has been indicated at the Dorado-1 well offshore Australia, Carnarvon Petroleum Limited says.

Norway's Aker BP Misses Q2 Forecasts, Ups Exploration Spending
Friday, July 13, 2018 Aker BP will increase its exploration spending plan this year due to new prospects off Norway, the oil firm says.

Industry is 'Fit', 'Ready' for New North Sea Exploration Era
Wednesday, July 11, 2018 Industry is 'fit and ready' to usher in a new era of exploration in the North Sea, according to Oil & Gas UK's upstream policy director Mike Tholen.

Savannah Makes 3rd Consecutive Discovery in Niger
Wednesday, July 11, 2018 Savannah Petroleum plc announces its third consecutive discovery in its maiden exploration campaign in the R3 portion of the R3/R4 PSC Area in the Agadem Rift Basin.

PSAN Grants Equinor Consent for Barents Sea Exploration Drilling
Tuesday, July 10, 2018 Petroleum Safety Authority Norway (PSAN) gives Equinor its consent for exploration drilling in block 7132/2 in the Barents Sea.

UK's OGA Launches 31st Offshore Licensing Round
Tuesday, July 10, 2018 The Oil and Gas Authority (OGA) launches the 31st Offshore Licensing Round, offering blocks in frontier areas of the UK Continental Shelf.


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Production

Aker BP Says Norway Strike Would Have To Last Month To Hit Output
Friday, July 13, 2018 A 4-day oil workers strike in Norway that may escalate on Monday would have to last a month to impact Aker BP's production from the Valhall field in the North Sea, the Norwegian energy company says.

Iraqis Protest at Oilfields to Call for Jobs and Basic Services
Thursday, July 12, 2018 The unrest did not impact production at West Qurna 2 or the other two fields, West Qurna 1 and Rumaila, two oil officials said.

Premier Oil's Board Approves UK Offshore Tolmount Project
Thursday, July 12, 2018 Premier Oil confirms that its board has approved the Tolmount gas project.

EIA: US Crude Stocks Slump Nearly 13 Million Barrels to Feb 2015 Low
Wednesday, July 11, 2018 US crude oil stocks fell by nearly 13 million barrels last week, the most in nearly two years.

Inpex: Ichthys LNG Project Preparing for Production Start-Up
Wednesday, July 11, 2018 Inpex Corporation (Inpex) announces that its operated Ichthys LNG project is preparing for production start-up.

Kazakhstan's Oil Output Rises 6.2% In First Half Of Year
Tuesday, July 10, 2018 Kazakhstan's oil output rose 6.2% year-on-year in the first half of 2018 to 45.2 million tonnes, Energy Minister Kanat Bozumbayev says.


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Finance and Investing

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.

Santos Set To Resume Dividends Earlier Than Expected, Shares Rise
Thursday, June 28, 2018 Australia's Santos Ltd says it will resume its dividend payment policy earlier than expected.

Equity Ramping Up to Target Unconventional Plays Including the Permian
Wednesday, June 20, 2018 Despite bottleneck woes, investors are opening their wallets for the latest wave of unconventional fever and the Permian in particular.

Brookfield CEO Says He May Consider Trans Mountain Investment
Friday, June 15, 2018 Brookfield Asset Management Inc., Canada's largest alternative asset manager, may consider investing in the Trans Mountain pipeline - if it would produce an attractive return.


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Company Operations

Chevron Taps Geologist Insider to Head Brazil Operations
Friday, July 13, 2018 Chevron, which had global revenues of $135 billion in 2017, has been growing its presence in Brazil.

Automation in Oil and Gas: An Ally, Not an Enemy
Friday, July 13, 2018 Automation can be a solution to the problem of an ageing workforce.

Maersk Drilling Secures 2 North Sea Contract Extensions
Friday, July 13, 2018 Maersk Drilling secures contract extensions for the Maersk Resolute and Maersk Resolve jack-up rigs.

Total Completes Acquisition of Engie's Upstream LNG Business for $1.5B
Friday, July 13, 2018 Total completes the acquisition of Engie's portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.5 billion.

Weatherford to Sell Drilling Rigs Business in Kuwait, Saudi Arabia, Algeria
Thursday, July 12, 2018 A subsidiary of Weatherford signs a definitive agreement with ADES International Holding for the sale of Weatherford's land drilling rig operations in Algeria, Kuwait and Saudi Arabia.

Australia Regulator Finds Safety Problems On Inpex Offshore Gas Platform
Monday, July 09, 2018 An Australian regulator says it has found some safety problems on the offshore gas platform for Japanese firm Inpex Corp's Ichthys LNG project off northern Australia.

Equinor: Njord Bravo FSU Now Docked in Norway for Refurbishment
Monday, July 09, 2018 Equinor confirms that the Njord Bravo floating storage unit has now docked at Aibel's yard in Haugesund, Norway.

Spirit Energy to Take on Operatorship of UK North Sea Babbage Field
Friday, July 06, 2018 Spirit Energy Limited reaches an agreement with its joint venture partners in the Babbage field to take on operatorship of the license, where it holds a 13% interest.


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