Exxon, Others Leading High-Impact Drilling Rebound

Industry Headlines

Oil Slumps to Worst Weekly Loss of Year
Friday, May 24, 2019 Futures in New York rebounded somewhat on Friday but still ended the week down 6.6 percent.

US Drillers Drop Five Rigs
Friday, May 24, 2019 The U.S. dropped five oil rigs and gained one gas rig for a net loss of four rigs this week.

Exxon, Others Leading High-Impact Drilling Rebound
Friday, May 24, 2019 High-impact drilling is rebounding amid a changing competitive landscape.

Producing More with Less Cash and a Flat Rig Count
Friday, May 24, 2019 Senior economist for the Dallas Fed shares how oil and gas companies can spend less money, keep the rig count flat and grow production.

Activist Investors Push for Change at PDC Energy
Friday, May 24, 2019 U.S. shale producers that have reined in growth plans to mollify investors are facing more pressure to slash their own pay and gut bloated offices.

Trump Sparks Oil Rally Then Rout
Friday, May 24, 2019 At the heart of both price moves is the foreign and economic policy of Donald Trump.

Supply Risks More Material than Demand Risks
Friday, May 24, 2019 Jefferies is maintaining that negative supply side risks are more material than perceived demand risks.

Oil Set for Biggest Weekly Drop of 2019
Friday, May 24, 2019 Oil headed for its biggest weekly drop since December as the rapidly escalating trade war caused investors to reassess the outlook for global growth.

Guyana Investigating Offshore Oil Leases
Thursday, May 23, 2019 Guyana's anti-corruption agency is investigating how some exploration rights were awarded in the world's biggest new deepwater oil region.

Oil Prices Plunge
Thursday, May 23, 2019 The WTI and Brent contract prices settled below $60 and $70, respectively.



Gazprom Makes 17Tcf Gas Discovery
Wednesday, May 22, 2019 Gazprom discovers two new fields containing over 17 trillion cubic feet of gas on the Yamal shelf.

Eni Makes New Light Oil Find
Tuesday, May 14, 2019 Eni makes a new light oil discovery in Block 15/06 in Angola's deep offshore.

Exploration Gets Its Mojo Back
Tuesday, May 14, 2019 The exploration sector has got its mojo back, according to energy research and consultancy company Wood Mackenzie.

Super Player Eni Makes Discovery Offshore Ghana
Thursday, May 09, 2019 Eni has made a gas and condensate discovery offshore Ghana.

Most US Offshore Resources Not Up for Grabs
Wednesday, May 08, 2019 94 percent of U.S. offshore resources are not available for investment.

Majors Driving Rise in Global Discoveries
Tuesday, May 07, 2019 If the rest of 2019 continues at a similar pace, this year will be on track to exceed last year's discovered resources by 30 percent.



North Sea Kraken Production Increases
Thursday, May 23, 2019 Kraken production efficiency has increased 'materially', according to EnQuest.

South Africa May Find South Sudan Oil Partners
Tuesday, May 21, 2019 South Africa's Strategic Fuel Fund is welcome to bring in partners to help it execute a $1 billion agreement to drill for oil and build a refinery and pipeline in South Sudan.

Montney Play Output to Hit 20Bcfe Per Day
Monday, May 20, 2019 Total production in Canada's Montney play will likely reach 10 billion cubic feet equivalent per day this year, according to Wood Mackenzie.

North Sea Oil Production Struggling
Monday, May 20, 2019 North Sea oil production is struggling, according to independent energy research and intelligence business Rystad Energy.

Brazil's Offshore Making a Comeback
Wednesday, May 15, 2019 The South American country aims to grow oil production by nearly 200 percent.

OPEC Output Holds Steady Amid Volatility
Wednesday, May 01, 2019 The 14 members of OPEC pumped 30.3 million barrels a day in April, according to a Bloomberg survey.


Finance and Investing

Pemex Says Mexico Plans $7.3B in Tax Breaks
Friday, May 24, 2019 Mexico is seeking as much as $7.3 billion worth of tax breaks for Petroleos Mexicanos in 2020 and 2021, according to a document sent to Bloomberg.

Additional Capital Discipline Critical for Future Shale Sucess
Monday, May 06, 2019 In the midst of the current shale boom, investors are pushing for more capital discipline, lower costs and better returns.

Aramco Sells an Impressive $12 Billion of Bonds
Wednesday, April 10, 2019 The debt offering is one of the most oversubscribed in history.

Aramco Gets $85B Demand for Maiden Bond
Tuesday, April 09, 2019 Oil giant Aramco received a blockbuster $85 billion in orders for its maiden global bond.

The Oil Industry's Wall Street Burden
Friday, March 01, 2019 The battle among analysts between calls for production growth and returns continues.

Pemex Assistance Plan Fails to Impress Bondholders
Friday, February 15, 2019 Pemex, the world's most indebted oil company, will refrain from issuing new bonds this year.


Company Operations

IOG Appoints Ex-ConocoPhillips Manager
Friday, May 24, 2019 Independent Oil and Gas announces the appointment of Neil Hawkings as an independent non-executive director of the company.

KBR Wins Algeria Contract
Thursday, May 23, 2019 Sonatrach and Cepsa have awarded KBR a contract tied to their RKR redevelopment in Algeria.

Shell Opens New GOM Frontier
Thursday, May 23, 2019 Shell's Appomattox platform. SOURCE: PR Newswire

Pioneer Cuts Hundreds of Workers in Texas
Wednesday, May 22, 2019 The Permian pure-play company has reportedly cut 25 percent of its workforce as it continues to cut costs.

OMV Creating 250+ Jobs in Austria
Tuesday, May 21, 2019 OMV has revealed that it is creating more than 250 new jobs in Austria.

Red Wolf Acquires Prime Acreage in Oklahoma
Monday, May 20, 2019 Newly formed independent E&P Red Wolf has acquired acreage in Oklahoma's SCOOP, STACK and Merge plays.