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USA Energy Sec Leads Meeting with 7 Major Oil Companies

Industry Headlines

Oil Posts Back to Back Weekly Loss on Recession Fears Share your comments
Friday, June 24, 2022Oil posted its first back-to-back weekly loss since early April as fears of a demand-sapping global recession and tighter US monetary policy ripped through commodity markets to spur a broad sell-off.

Oil Dive Will Not Bring Any Immediate Relief on Inflation Share your comments
Friday, June 24, 2022While Brent crude has shed 10 percent in the past few weeks, retail prices all over the world for products like gasoline and diesel haven't fallen anywhere near as fast - and are often still rising.

Recession Talk Reigns Supreme Share your comments
Friday, June 24, 2022One of Rigzone's regular market watchers focuses on recession talk, an unusual delay in a key crude inventory report, oil and gas prices and more.

USA Energy Sec Leads Meeting with 7 Major Oil Companies Share your comments
Friday, June 24, 2022Granholm led an in-person meeting with CEOs and executives of seven major U.S. oil companies.

Russian Oil Isn't Dead Yet Share your comments
Friday, June 24, 2022Russian oil isn't dead yet, according to Rystad Energy Analyst Louise Dickson.

US Gas Production Up 2 Pct In Q2, S&P Global Platts Says Share your comments
Friday, June 24, 2022Natural gas production in the United States has risen 2 percent in the second quarter of 2022, easing the supply strain in the market, according to Platts.

Sunak Stands Firm on UK Oil Windfall Tax Share your comments
Friday, June 24, 2022UK Chancellor of the Exchequer Rishi Sunak remained committed to his windfall tax.

Energy Workforce & Technology Council Gives Out Safety Awards Share your comments
Thursday, June 23, 2022Energy Workforce & Technology Council has chosen its Safety Awards winners.


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Exploration

OGDCL Makes Oil and Gas Discoveries Share your comments
Friday, June 24, 2022OGDCL describes itself as the leading national exploration and production company in Pakistan.

Oil and Gas Lease Sales in Wyoming, Colorado, New Mexico Pushed Back Share your comments
Thursday, June 23, 2022The dates for all sales were shifted.

Jackpot Oil Discoveries May Help Namibia Double GDP Share your comments
Tuesday, June 21, 2022The country also sees a 'massive opportunity' in green hydrogen.

Most Admired Upstream Explorer Revealed Share your comments
Tuesday, June 21, 2022Wood Mackenzie has announced the upstream industry's most admired explorer.

ConocoPhillips Makes Norway Gas Discovery Share your comments
Monday, June 20, 2022Well 6507/4-3 S was drilled to a vertical depth of 3,914 meters below sea level.

Empyrean Decides To Move Along With Topaz Drilling Share your comments
Friday, June 10, 2022Empyrean Energy has decided to enter the second phase of exploration and drilling of the Topaz prospect offshore China.

Equinor Makes New Discovery Near Johan Castberg Field Share your comments
Thursday, June 09, 2022Shortly after the Snofonn North discovery near the Johan Castberg field in the Barents Sea, Equinor made another oil and gas discovery in the Skavl Sto exploration well.


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Production

Minister Says Libya Oil Output Has Risen Share your comments
Monday, June 20, 2022Libya's oil production has risen in the past week, according to Energy Minister Mohamed Oun.

Texas Oil and Gas Production Rises Share your comments
Friday, June 17, 2022Oil and gas production in Texas rose month on month.

OPEC+ Set to Remove All Production Curbs in August Share your comments
Thursday, June 09, 2022Saudi Arabia, the UAE, Iraq, Kuwait and Algeria are the most likely candidates to take advantage of the early reduction in production cuts.

Santos Invests $250MM to Drill 130+ New Wells Share your comments
Thursday, June 09, 2022At peak production, the project will produce around 78 terajoules per day.

Serica Energy May Production Strong As North Eigg Plans Advance Share your comments
Tuesday, June 07, 2022Serica Energy's average production in May averaged over 28,000 boe/d benefitting from the portfolio investments.

Production From New Stratus Ecuador Block Duo To Soar Share your comments
Tuesday, June 07, 2022New Stratus Energy has entered into an MoU with EP Petroecuador to accelerate the development and production of its oil fields in blocks 43 and 31.


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Finance and Investing

Continental Gets Take Private Proposal from Hamm Share your comments
Tuesday, June 14, 2022'The board intends to establish a special committee consisting of independent directors of the board to consider the proposal'.

Kinetik Holdings Secures $4.25B Refinancing Package Share your comments
Friday, June 10, 2022Kinetik Holdings has secured three separate loans totaling $4.25 billion aimed at repaying and retiring all existing debt.

UK Windfall Tax Hits North Sea Focused Oil Firm Valuations Share your comments
Wednesday, June 01, 2022Oil and gas exploration and production companies in the North Sea are set to miss out on billions of dollars of cash.

How Will UK Windfall Tax Hit Big Oil Cash Flows? Share your comments
Monday, May 30, 2022BofA Global Research offers its calculations.

UK Slaps 25 Percent Windfall Tax on Oil and Gas Profits Share your comments
Thursday, May 26, 2022The 25 percent levy on energy firms will raise about $6.3 billion.

Kinetik Opts for Stock Split To Boost Liquidity Share your comments
Tuesday, May 24, 2022Kinetik Holdings BoD has approved a two-for-one split of the company's common stock.


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Company Operations

Coretrax Completes Expandable Technology Project In USA Share your comments
Friday, June 24, 2022Coretrax has completed a world record-breaking project in the Utica Basin, Northeast America, for a major gas operator with its ReLine Expandable Technology.

ABB Systems Chosen For Northern Lights CCS Project Share your comments
Friday, June 24, 2022ABB has secured a deal to provide main electrical, automation, and safety systems for the Northern Lights project in Norway.

Awilco Now A Driller With No Rigs As WilHunter Heads For Scrapyard Share your comments
Thursday, June 23, 2022UK offshore drilling contractor Awilco Drilling has revealed that it concluded the sale of its only remaining drilling rig.

APA Flows Oil From Block 58 Well Off Suriname Share your comments
Thursday, June 23, 2022APA Corporation has completed the flow test from the Krabdagu exploration well (KBD-1) on Block 58 offshore Suriname.

Trident Energy Upgrading Okume Field Off Equatorial Guinea Share your comments
Thursday, June 23, 2022Trident Energy has announced the commissioning of extensive upgrades at the Okume Field in Equatorial Guinea.

ADNOC Tells UAE Manufacturers There Is $19B Stake To Claim Share your comments
Wednesday, June 22, 2022ADNOC has called on the local manufacturing sector to grasp the opportunity and secure a stake in a $19 billion valued procurement pipeline.

Emerson Picked for Hamina-Kotka Biorefinery Optimization Share your comments
Wednesday, June 22, 2022Emerson's automation software and tech has been picked to optimize a biorefinery being built at Hamina-Kotka port in Finland.


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