FEATURED STORY
The Next Permian Takeover Target

Industry Headlines

Select US Drilling Rights Sell for $1.50 Per Acre
Thursday, May 23, 2019 From 2017 to 2018, the number of acres sold non-competitively more than doubled, from roughly 141,000 to nearly 379,000.

Obscure Cypriot Plots $10B East Med Gas Bet
Thursday, May 23, 2019 A little-known investor group is planning a major shakeup of the Eastern Mediterranean natural gas industry.

The Next Permian Takeover Target
Thursday, May 23, 2019 Wood Mackenzie outlines the next most likely takeover targets in the Permian right now.

Oil Extends Losses
Thursday, May 23, 2019 Oil extended losses after a surprise jump in American crude inventories alleviated concerns over a supply crunch.

Oil Prices Down More Than $1
Wednesday, May 22, 2019 Both the WTI and Brent contract prices fell by more than $1 Wednesday.

Top 2019 US Oil Stock Has No Permian Stake
Wednesday, May 22, 2019 This year's top-performing U.S. oil producer doesn't have any operations in the world's fastest-growing shale play.


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Exploration

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.


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Production

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.


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Finance and Investing

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.

PetroQuest Emerges from Chapter 11 Bankruptcy
Tuesday, February 12, 2019 US independent PetroQuest Energy emerges from Chapter 11 bankruptcy.


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Company Operations

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.

Offshore Rig Contracts Go to Saipem
Monday, May 20, 2019 Saipem has won a pair of offshore drilling contracts in Norway and the Middle East.

Western Natural Resources, KKR Team to Buy Williston Assets
Monday, May 20, 2019 Western Natural Resources and global investment firm KKR have teamed up to acquire producing and undeveloped oil and gas assets in the Williston Basin.


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