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Oil Giants Hunt for Last Big Hit Along Brazil Coast

Industry Headlines

Oil Prices Decline As Delta Variant Spreads Share your comments
Monday, July 26, 2021Oil dipped as investors eyed the spreading delta variant's impact on demand while cases surge.

Will North American Activity Pick Up in 2022? Share your comments
Monday, July 26, 2021Here is a preview of what to watch this week in the oil and gas markets.

Oil Resumes Decline Share your comments
Monday, July 26, 2021Oil headed for the first decline in five days as investors assessed the outlook for demand amid a resurgence in Covid-19 and as broader markets were on a softer footing.

Oil Prices Edge Upward for the Week Share your comments
Friday, July 23, 2021Oil squeezed out its first weekly gain in three on signs that global demand is holding up.

Is the Oil Demand Outlook Too Rosy or Not Rosy Enough? Share your comments
Friday, July 23, 2021Here is a review of oil and gas market hits and misses for the week ending July 23, 2021.

Texas Upstream Job Growth Surges 94% for June Share your comments
Friday, July 23, 2021TXOGA revealed the Lone Star State's upstream job count showed strong growth from May to June.

France Resists EU Carbon Market Plan Share your comments
Friday, July 23, 2021France is pushing back against the European Union's proposal to launch a new carbon market.

Novatek Establishes Climate Subcommittee Share your comments
Friday, July 23, 2021PAO Novatek has revealed that its board of directors has established a subcommittee on climate and alternative energy.


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Exploration

Active Well Servicing Metric Keeps Growing Share your comments
Tuesday, July 27, 2021The Energy Workforce & Technology Council has observed a gain in the North American well servicing rig count.

Oil Giants Hunt for Last Big Hit Along Brazil Coast Share your comments
Monday, July 26, 2021If an energy transition is underway around the world, it hasn't reached the streets of Ilha da Conceicao, the working-class district at the heart of Rio de Janeiro's oil revival.

Seismic Cos Secure Survey Pre-Funding Share your comments
Monday, July 26, 2021TGS, PGS (OSE: PGS), and WesternGeco have secured pre-funding for a 2,471 square mile multi-client 3D survey in the Sarawak basin, offshore Malaysia.

Baker Hughes USA Rig Count Gets Closer to 500 Share your comments
Saturday, July 24, 2021The USA rig count rose again this week.

Borr Drilling Wins More Mexico Work Share your comments
Friday, July 23, 2021Borr has secured a letter of award for a jack-up rig for additional work in Mexico.

Baker Hughes Sees Slower Drilling Growth Share your comments
Wednesday, July 21, 2021Shale drilling in North America is going to slow down in the second half of the year, according to Baker Hughes Inc.

Nabors and Halliburton Strike Blow for Drilling Automation Share your comments
Wednesday, July 21, 2021The drilling contractor and service company have taken a step to make well plans and their execution less cumbersome. PHOTO SOURCE: Nabors Industries


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Production

Shell and Chevron Sanction GOM Deepwater Project Share your comments
Monday, July 26, 2021The development will feature a 99% replicated hull and 80% replication of the Vito topsides.

Santos Sees Record at Van Gogh Asset Share your comments
Monday, July 26, 2021Australian energy company Santos has announced first oil from the Van Gogh Phase 2 Infill Development.

Natural Gas Supply Concerns Mount Share your comments
Thursday, July 22, 2021Natural gas futures closed at a 31-month high.

Venezuela Aims to Nearly Triple Oil Output This Year Share your comments
Thursday, July 22, 2021PDVSA has imported a key component needed to achieve its goal of almost tripling crude production, defying United States sanctions.

Shell Starts Up Barracuda Share your comments
Thursday, July 22, 2021Shell has achieved first gas from Project Barracuda offshore Trinidad and Tobago.

Saudi Prince Wants to Be Known As Oil Price 'Volatility Buster' Share your comments
Thursday, July 22, 2021Saudi Energy Minister Prince Abdulaziz bin Salman is the most important single person in the oil market today.


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Finance and Investing

Aramco to Sell More Assets in $Multibillion Push Share your comments
Friday, July 09, 2021The world's largest oil company, Saudi Aramco, is planning to raise tens of billions of dollars by selling more stakes in its businesses.

Shale Rushes to Lock In Oil Rally Share your comments
Wednesday, July 07, 2021As soon as OPEC+ negotiations fell apart on Monday U.S. shale executives began hitting the phones.

Qatar Petroleum Raises $12B+ in Bond Offering Share your comments
Monday, July 05, 2021Qatar Petroleum has announced that it has raised $12.5 billion in a multi-tranche bond offering.

USA Shale Finally Making Money After Blowing $300B Share your comments
Thursday, June 17, 2021After years of booms and busts that produced astronomical losses along with a whole lot of oil, the fracking industry seems to have found a sweet spot.

Oil Stocks Hold Strong Amid Climate Uproar Share your comments
Thursday, May 27, 2021Energy-stock investors are clinging to their holdings, buoyed by rising commodity prices and profits, as the companies face historic pressure to confront climate change.

SLB-Backed Arabian Drilling Planning Saudi IPO Share your comments
Tuesday, May 04, 2021Arabian Drilling Co is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter.


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Company Operations

Eni Expands Renewable Projects Share your comments
Monday, July 26, 2021Eni (NYSE: E), through Eni gas e luce, has signed a deal with Azora Capital for the acquisition of a portfolio of nine renewable energy projects in Spain.

TotalEnergies Signs Deal with Technip Energies Share your comments
Monday, July 26, 2021TotalEnergies (NYSE: TTE) and Technip Energies (PARIS: TE) have announced that they have signed a deal to jointly develop low carbon solutions for LNG production and offshore facilities.

Whiting Boosts Williston Basin Drilling Inventory Share your comments
Thursday, July 22, 2021The Williston Basin deal spans 8,752 net acres.

Bristow Bags Equinor, Shell, Neptune Extensions Share your comments
Thursday, July 22, 2021Bristow Group Inc. (NYSE: VTOL) has announced four separate two year contract extensions through April 2024 with Equinor (NYSE: EQNR), Shell (NYSE: RDS.A), and Neptune.

Gas Project Developer Courts Investors with YouTube Share your comments
Wednesday, July 21, 2021Houston-based Tellurian is trying to line up financial backers to build a $15.5 billion LNG export terminal in Louisiana.

ADNOC Joins Hydrogen Council Share your comments
Wednesday, July 21, 2021ADNOC has joined the Hydrogen Council, which is an international organization that aims to accelerate the global position of hydrogen through its member companies.


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