FEATURED STORY
Coast Guard Suspends Gulf of Mexico Search
Wednesday April 21, 2021
-
The U.S. Coast Guard revealed this week that it has suspended its search for the remaining missing Seacor Power lift boat crewmembers.
Industry Headlines
Coast Guard Suspends Gulf of Mexico Search
Wednesday, April 21, 2021The U.S. Coast Guard revealed this week that it has suspended its search for the remaining missing Seacor Power lift boat crewmembers.
Duterte Only Confronting China at Sea if it Drills
Tuesday, April 20, 2021Philippine President Rodrigo Duterte said challenging China in the South China Sea will only lead to violence, and that he will only do so if Beijing drills for oil in the disputed waters.
USA Selling up to 9MM Barrels from Reserve
Tuesday, April 20, 2021The U.S. Department of Energy intends to sell up to nine million barrels of crude oil from the Strategic Petroleum Reserve.
The Day Oil Went Subzero
Tuesday, April 20, 2021Rystad Energy's head of oil markets offers a few thoughts for the anniversary of the day oil prices turned negative.
Oil Marks Crash Anniversary with Rally
Tuesday, April 20, 2021Oil surged above $64 a barrel a year to the day after futures for the U.S. benchmark collapsed below zero.
Oil Prices Edge Upward As Greenback Weakens
Monday, April 19, 2021Oil edged higher with help from a weakening dollar.
READ MORE
Most Popular Articles
Exploration
Maersk Drilling Enters Market with New Customer
Tuesday, April 20, 2021The Maersk Developer semisub will perform well intervention on four wells. PHOTO SOURCE: Maersk Drilling
Eni Awarded Onshore UAE Block
Tuesday, April 20, 2021Eni S.p.A (NYSE: E), through its subsidiary Eni RAK, has been awarded Block 7 in the onshore of Ras Al Khaimah, United Arab Emirates.
Awilco Signs Rig Contract for North Sea Well
Tuesday, April 20, 2021The semisub will drill a single exploration well.
Temp Housing Player Weathering USA Gulf of Mexico Moratorium
Monday, April 19, 2021Exec with temporary housing firm offers insights on potential impact of long-term offshore oil and gas leasing ban.
Offshore Gabon Contract Goes to Maersk Drilling
Monday, April 19, 2021PCGUSA has awarded Maersk Drilling an ultra-deepwater exploration contract in Gabon. PHOTO SOURCE: Maersk Drilling
Rig and Frac Spread Counts Near Benchmarks
Monday, April 19, 2021Check out this preview of what to watch this week in the oil market.
Baker Hughes Counts More USA Oil Rigs
Saturday, April 17, 2021Baker Hughes reported the total number of rotary drilling rigs operating in the United States grew by seven this week.
READ MORE
Production
Oil Trader Sees Crude in $70 to $75 Range
Tuesday, April 20, 2021The CEO of the world's biggest independent oil trader expects crude demand to come roaring back this year and next.
BP Sets Onshore Flaring Deadline
Tuesday, April 20, 2021BP's Grand Slam facility near Orla, Texas. PHOTO SOURCE: BP America
Gas Driller Calls for Federal Methane Leak Curbs
Friday, April 16, 2021EQT Corp. is calling for stricter caps on methane leaks from natural gas wells.
A New Use for Orphaned Oil and Gas Wells?
Friday, April 16, 2021It's an alternative to P&A for some idle wells that could still create work for oil and gas pros.
Newfoundland Crude Taking Rare Voyages
Thursday, April 15, 2021It's an unexpected move prompted by the staggered global demand recovery.
Satellites to Track Emissions at Facility Level
Thursday, April 15, 2021One non-profit plans to make high-emitting methane and CO2 sources publicly visible at the facility level.
READ MORE
Finance and Investing
Petrofac Agrees $700MM Facility Extensions
Thursday, April 08, 2021Petrofac announced Wednesday that it has extended $700 million of its banking facilities, at its request, with the unanimous support of lenders.
Shell to Make First Oil Output Profit Since Pandemic
Wednesday, April 07, 2021Royal Dutch Shell Plc said it expects to make the first profit from pumping oil since the start of the pandemic.
BP Reaches Debt Goal Early
Tuesday, April 06, 2021BP Plc said it already achieved its $35 billion net-debt target, reaching the threshold at which it has said it can restart share buybacks about a year earlier than expected.
Aramco Up as Saudis Prioritize Spend Over Dividend
Wednesday, March 31, 2021Saudi Aramco rose the most in 10 months in Riyadh trading after the government allowed it to cut dividends and redirect the cash into new investments to fulfill the crown prince's economic plans.
California Driller Reaped Gains from Texas Freeze
Friday, March 19, 2021California's largest oil producer emerged as the latest financial winner from last month's historic Texas freeze that left millions without heat or electricity for days.
McDermott Invests in Lummus Technology
Wednesday, March 10, 2021McDermott International Ltd has announced that it has invested in Lummus Technology Holdings I LLC, which is a holding company of Lummus Technology.
READ MORE
Company Operations
New Petrobras CEO Takes Office
Wednesday, April 21, 2021Joaquim Silva e Luna has begun his mandate as Petrobras' chief executive officer.
Enteq Upstream Names New CEO
Wednesday, April 21, 2021Andrew Law, above, will succeed Enteq Upstream founder Martin Perry as CEO.
New CCO at Maersk Supply Service
Monday, April 19, 2021Maersk Supply Service revealed Monday that, from May 1, Jonas Munch Agerskov, the company's current head of renewables, will take over the role of chief commercial officer.
Trafigura Launching Carbon Trading Desk
Sunday, April 18, 2021Trafigura Group Pte Ltd has revealed that it is launching a carbon trading desk.
Woodside CEO Retiring in June
Friday, April 16, 2021Woodside has revealed that its board and chief executive officer, Peter Coleman, have agreed that Coleman will retire from the company on June 3.
Offshore Group Board Elects Duncan and Danos for Top Roles
Thursday, April 15, 2021NOIA's board has elected its chairman and vice chairman for 2021-22.
Shell Urges Shareholders to Reject Activist Climate Plan
Thursday, April 15, 2021The company called the climate resolution filed by a Dutch activist investor "redundant."
Ex-BP Chief Exec Joins Equity Firm
Thursday, April 15, 2021General Atlantic has announced that Lord John Browne of Madingley has joined the firm as a senior advisor, based in London.
READ MORE