OPEC Signals Intention to Limit Supply All Year

Industry Headlines

Blackstone, Whiting, Callon Mulling Bids for QEP
Tuesday, May 21, 2019 QEP Resources has attracted takeover interest from private equity giant Blackstone Group and select drillers.

Russian Oil Sales to US on Steroids
Tuesday, May 21, 2019 Petroleum exports from Russia to the U.S. are growing rapidly.

Oil Climbs for Second Day
Tuesday, May 21, 2019 Oil rose for a second day on signs OPEC and its allies will extend production cuts beyond June.

Oil Prices Start Week Mixed
Monday, May 20, 2019 The WTI and Brent moved in opposite directions Monday.

Iraq Dubs Exxon Staff Evacuation Unacceptable
Monday, May 20, 2019 The evacuation of some Exxon Mobil Corp. workers is 'unacceptable and unwarranted', according Iraq's energy minister.

OPEC Signals Intention to Limit Supply All Year
Monday, May 20, 2019 Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year.



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.

Outback Australia May Be Hiding Next 'Ferrari of Shale'
Thursday, May 02, 2019 In a corner of outback Australia, a drilling crew will soon try tapping shale rocks that could hold more than three times the world's annual consumption of natural gas.



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.

US Oil Output Drops
Wednesday, May 01, 2019 U.S. crude oil production dropped from January to February this year.


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.


Company Operations

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.

Eni Wins Offshore Argentina Block
Monday, May 20, 2019 Argentina's government has officially awarded an Eni-operated consortium an exploration license offshore Tierra del Fuego.

Exxon’s Permian Production to Yield $64B for New Mexico
Friday, May 17, 2019 ExxonMobil Corp.'s development of its Permian resources could yield $64B for the state of New Mexico, according to a study conducted for the company.