Oil & Gas News Home

NEWS

Friday September 17, 2021 - Libya's National Oil Corporation has revealed that the chairman of its board of directors recently held a meeting with the general manager of Schlumberger Libya.

READ THE FULL STORY

Industry Headlines

Oil Drops Friday But Up On The Week

Friday, September 17, 2021Oil was up over 3% this week despite a small drop Friday with a rising dollar and threat of more Russian crude.

Oil Markets Remain Volatile

Friday, September 17, 2021Rigzone's regular market watchers look at OPEC's latest forecast, continuing U.S. Gulf of Mexico outages, price movements and more.

Ithaca Energy CEO Passes Away

Friday, September 17, 2021Ithaca Energy Limited has announced that its chief executive officer Bill Dunnett has passed away.

Oil Set for Fourth Weekly Gain

Friday, September 17, 2021Oil headed for a fourth weekly gain, the best run since early July, supported by signs of a tighter market and positive pricing patterns.

Oil Clears Early Losses as Dollar and Expirations Impact Trading

Thursday, September 16, 2021Oil was down early in the session on a stronger dollar but bounced back as WTI expirations looming on Thursday had traders scrambling to square positions.

Chevron CEO Warns of High Energy Prices

Thursday, September 16, 2021The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.'s top executive.

Oil Surged Higher Wednesday

Wednesday, September 15, 2021Oil reaches a six week high as the EIA reports a drop of over six million barrels in supply to reach levels not seen since 2019.

TRC Makes It a Little Harder for Wells to Flare Gas

Wednesday, September 15, 2021Getting a permit to burn excess natural gas at Texas oil wells is getting a little bit harder.

Exploration

Great Interest in Latest Norway License Round

Friday, September 17, 2021There has been great interest in the Norwegian continental shelf during the country's latest licensing round, according to Norway's Ministry of Petroleum and Energy.

First Exploration Well for North Sea Company Drilled

Thursday, September 16, 2021Longboat Energy has announced that drilling has commenced at Rodhette, the company's first exploration well.

Significant Onshore Australia Gas Discovery Made

Wednesday, September 08, 2021Mineral Resources Limited revealed that recent drilling activity led to a 'significant' gas discovery at the Lockyer Deep 1 project in the onshore Perth Basin, Australia.

BW Energy's Gabon Oil Find Volumes Disappoint

Friday, September 03, 2021BW Energy has stated that preliminary results from its Hibiscus North exploration well off Gabon were not as good as it hoped but that there was an upside to it as well.

Carnarvon Petroleum Picks Valaris Rig for Buffalo-10 Well

Thursday, September 02, 2021Carnarvon Petroleum hires the Valaris JU-107 jack-up for drilling of the Buffalo-10 well offshore Timor-Leste.

Borr Drilling Scores More Deals for Jack-up Fleet

Thursday, September 02, 2021Borr Drilling finds work for one of its jack-up drilling rigs, increasing the number of contracted rigs to 15.

Production

GOM Oil Output at 60 Percent

Wednesday, September 15, 2021The slow-but-steady restoration of oil production in the Gulf of Mexico is continuing.

Halliburton Selected for Offshore Israel Campaign

Wednesday, September 15, 2021Halliburton Company (NYSE: HAL) has been awarded an integrated services contract to execute a three to five well drilling and completions campaign for Energean.

How Much Gulf of Mexico Production is Still Offline?

Monday, September 13, 2021The Bureau of Safety and Environmental Enforcement publishes its latest production estimates following Ida.

Libya Oil Output at Risk Again

Friday, September 10, 2021Libya's oil production is in danger of slumping again, as a political power struggle threatens to end a period of relative stability.

Suncor Greenlights Terra Nova Asset Life Extension

Thursday, September 09, 2021The co-owners of the Terra Nova FPSO facility, and associated Terra Nova field, have finalized an agreement to restructure the project ownership and move forward with an asset life extension project.

Initial Ida Hit to Production Surpasses Katrina

Monday, September 06, 2021Hurricane Ida may not have been the deadliest or most damaging weather system ever to smash into the U.S., but its initial impact on Gulf of Mexico oil supply has been greater than any other storm in history.

Finance and Investing

Diamondback Rises After Accelerating Returns

Friday, September 17, 2021Diamondback Energy Inc. rose in after-hours trading after pledging to accelerate cash returns to shareholders in the fourth quarter.

Gunvor to Tap Bond Market for First Time Since 2013

Thursday, September 16, 2021Gunvor Group Ltd. is seeking a return to the bond market for the first time in eight years.

ACWA Plans $1.2B Offer in Biggest Saudi IPO Since Aramco

Tuesday, September 14, 2021ACWA Power International is set to raise up to 4.55 billion riyals ($1.2 billion) in what would be the biggest offering in Riyadh since Saudi Aramco's listing.

Adnoc Drilling to Raise $750MM From Abu Dhabi IPO

Monday, September 13, 2021Abu Dhabi National Oil Co. is seeking to raise about $750 million from its drilling unit's IPO, in what would rank among one of the largest share sales in the United Arab Emirates.

$42B Harvard Fund to Stop Investing in Fossil Fuels

Friday, September 10, 2021Harvard University will stop investing in fossil fuels and instead use its giant $42 billion endowment to support the green economy.

Aramco Considers Opening $110B Project to Investors

Thursday, September 09, 2021Saudi Aramco is considering a bold move to open up one of the world's largest unconventional gas fields to foreign investors.

Mexico Refinancing Pemex Debt

Tuesday, September 07, 2021Mexico has begun a process of refinancing state-owned Petroleos Mexicanos's debt, after the nation received a transfer of about $12 billion from the International Monetary Fund.

Company Operations

Energy Titans Support Exxon Gulf Coast Carbon Hub

Friday, September 17, 2021An ambitious project aimed at capturing millions of tons of carbon emissions along the U.S. Gulf Coast in Texas garnered the support of some of the world's biggest refiners and chemical manufacturers.

Schlumberger Meets with Libya NOC

Friday, September 17, 2021Libya's National Oil Corporation has revealed that the chairman of its board of directors recently held a meeting with the general manager of Schlumberger Libya.

SBM Offshore Completes $1.6B FPSO Sepetiba Financing

Thursday, September 16, 2021SBM Offshore has announced that it has completed the project financing of the floating production storage and offloading vessel Sepetiba for a total of $1.6 billion.

Warwick Buys $450MM of Texas Shale Assets

Thursday, September 16, 2021One of the biggest U.S. investors in oil and natural gas wells is buying $450 million worth of assets in the Texas Eagle Ford shale basin from a renowned energy family in Dallas.

Aker BP Hands Out $80MM+ in FEED Deals

Thursday, September 16, 2021Aker BP has awarded front end engineering design contracts worth nearly $81.6 million to its alliance partners.

Chevron and Enterprise Exploring Carbon Storage Ops

Wednesday, September 15, 2021Chevron and Enterprise Products Partners are exploring carbon storage business opportunities.

BP Appoints New EVP of Gas and Low Carbon Energy

Wednesday, September 15, 2021BP (NYSE: BP) has announced the appointment of Anja-Isabel Dotzenrath as its new executive vice president of gas and low carbon energy and a member of BP's leadership team.