FEATURED STORY
OPEC+ Sticks to Planned Supply Hike

Industry Headlines

UK Well Success Rates Improve Regardless Of Covid Slowdown, Report Says Share your comments
Thursday, December 02, 2021OGA's second Wells Insight report highlights significant opportunities remaining in the UK Basin, despite Covid resulting in a slowdown in 2020.

Oil Falls as Omicron Threatens the U.S. Share your comments
Wednesday, December 01, 2021Oil fell in another volatile session with the first identified U.S. case of omicron jolting markets ahead of OPEC’s meeting with partners tomorrow to discuss output production.

RRC Adopts New Critical Designation Rules Share your comments
Wednesday, December 01, 2021The new rules implement provisions in House Bill 3648 and Senate Bill 3.

Samsung Nets $1.23B Deal For Jafurah Gas Treatment Facility Share your comments
Wednesday, December 01, 2021Samsung Engineering has received a contract for the Jafurah Gas Process Package #1 Project from Saudi Aramco worth $1.23 billion.

Crude Prices Drop Below $65 for the First Time in 3 Months Share your comments
Tuesday, November 30, 2021Oil dropped over 5% as the Fed signaled a quicker move towards tighter monetary policy.

Shell Won't Abandon Green Transition in Face of High Oil Prices Share your comments
Tuesday, November 30, 2021Shell is adhering to its energy transition strategy.

What Can We Expect From OPEC+? Share your comments
Tuesday, November 30, 2021OPEC+ is scheduled to meet in the coming days.


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Exploration

Odfjell Rig To Stay With Equinor For One Additional Well Share your comments
Thursday, December 02, 2021Lundin Energy has exercised its option for the drilling of one additional well offshore Norway using the Deepsea Stavanger rig.

TotalEnergies Spuds Venus Well Offshore Namibia Share your comments
Thursday, December 02, 2021TotalEnergies has spudded the ultra-deepwater Venus-1X exploration well offshore Namibia.

Stena Rig Off To Drill Appraisal Well For Chariot In Morocco Share your comments
Wednesday, December 01, 2021The Stena Don rig has started its mobilization operations to Morocco where it will drill a gas appraisal well on the Lixus offshore license for Chariot.

Petrogas Re-Hires Maersk Rig For Well Drilling Off UK Share your comments
Wednesday, December 01, 2021Maersk Drilling and Petrogas have agreed to exercise an option to employ the Maersk Resilient rig on an appraisal well at the Birgitta field in the UK North Sea.

New Gas Discovery Offshore Malaysia Share your comments
Tuesday, November 30, 2021PTTEP commenced the drilling of Nangka-1 in June.

Seadrill Gets More US Gulf Of Mexico Work Share your comments
Tuesday, November 30, 2021Seadrill has won more work for its rigs in the U.S. Gulf of Mexico which added to the $0.5 billion in backlog won after the end of the third quarter of 2021.


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Production

OPEC+ Sticks to Planned Supply Hike Share your comments
Thursday, December 02, 2021The group agreed to add 400,000 barrels a day of crude to global markets in January.

Shale Drillers to Lift USA Spending 19 Percent Share your comments
Thursday, December 02, 2021Expenditures will rise to $83.4 billion in 2022, the highest since the Covid-19 pandemic emerged.

OPEC+ Meets to Debate Output Boost Share your comments
Wednesday, December 01, 2021Ministers have been tight lipped about their intentions.

Shale Output Discipline Begins to Pay Off Share your comments
Wednesday, December 01, 2021Publicly listed oil producers have drastically changed their business model since Covid-19.

BP Loads Out 1,000th Crude Oil Tanker From Black Sea Terminal Share your comments
Tuesday, November 30, 2021The BP-operated Western Route Export Pipeline has loaded out the 1,000th tanker at the Supsa terminal on the Black Sea.

CNOOC Starts Up Production From Buzzard Phase II Share your comments
Monday, November 29, 2021CNOOC Limited has begun production from the Buzzard Phase II development, offshore the UK sector of the North Sea.


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Finance and Investing

Chevron Sets 2022 Spending Budget At $15B Share your comments
Thursday, December 02, 2021Chevron has announced a 2022 organic capital and exploratory spending program of $15 billion, up more than 20 percent from 2021 expected levels.

CNOOC Deregisters With SEC Share your comments
Wednesday, December 01, 2021CNOOC Limited (TSX: CNU) announced Tuesday that it intended to deregister with the United States Securities and Exchange Commission.

Exxon To Spend $15B On GHG Reduction Projects By 2027 Share your comments
Wednesday, December 01, 2021Exxon will increase spending to $15 billion on GHG emission-reduction projects over the next six years.

Gazprom Reports Record 3Q Profit Share your comments
Tuesday, November 30, 2021Net income rose to 581.8 billion rubles ($7.8 billion) compared with a net loss a year ago.

Equinor Exits Ireland Following $434M Corrib Sale Share your comments
Tuesday, November 30, 2021Equinor has stopped having a business presence in Ireland following a decision to sell its non-operated equity position in the Corrib offshore gas project to Vermillion Energy.

Traders Pile Into $70 Longer Term Crude Price Share your comments
Wednesday, November 24, 2021Oil traders are betting that longer-term crude prices could be set to spike.


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Company Operations

Cenovus in $500MM+ Deal Share your comments
Thursday, December 02, 2021The agreements allow Cenovus to further focus its portfolio, accelerate deleveraging and support increasing shareholder returns.

Ex-ExxonMobil Leader Appointed Lundin Energy Norway MD Share your comments
Thursday, December 02, 2021Kristin Faerovik will retire from her position on December 31.

ConocoPhillips Completes $9.5B Shell Deal Share your comments
Thursday, December 02, 2021The assets include around 225,000 net acres and producing properties located entirely in Texas.

Ex-FIFA Ref Gets Aberdeen Uni ET Director Role Share your comments
Thursday, December 02, 2021Underhill used to be a professional football referee on the FIFA circuit.

Petrobras Sees More Oil Field Sales Share your comments
Wednesday, December 01, 2021Brazil's state-controlled oil company plans to continue selling off its least profitable oil fields.

TotalEnergies Launches Texas Biomethane Unit Share your comments
Wednesday, December 01, 2021The biomethane will be used as an alternative fuel for mobility.

Aramco Awards Deals Worth $10B Share your comments
Wednesday, December 01, 2021The deals comprise 16 subsurface and engineering, procurement and construction contracts.


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