FEATURED STORY
Israel, Palestine Tension Heightens Energy Risk

Industry Headlines

WTI Ends Week Above $65 Share your comments
Friday, May 14, 2021Oil in New York surged the most in a month on Friday.

Something Rather Boring Happened This Week in Oil and Gas Markets Share your comments
Friday, May 14, 2021Here is a review of oil and gas market hits and misses for the week ending May 14, 2021.

Oilfield Services Job Count Rises in USA Share your comments
Friday, May 14, 2021The Energy Workforce and Technology Council finds the OFS sector added nearly 20,000 jobs in March and April.

Crisis Spurs Calls to Boost and Ditch Fossil Fuels Share your comments
Friday, May 14, 2021The cyberattack that crippled the nation's biggest fuel pipeline this week triggered spot shortages of gasoline and a gusher of political rhetoric.

Oil Spirals as Virus Makes Asia Comeback Share your comments
Friday, May 14, 2021Oil headed for the biggest weekly drop since early April as countries in Asia continue to fight persistent Covid-19 outbreaks.

Israel, Palestine Tension Heightens Energy Risk Share your comments
Friday, May 14, 2021Israel and Palestine's escalating tension has left offshore infrastructure at heightened risk, Dryad Global outlines.

Oil Prices Fall As Inflation Concerns Mount Share your comments
Thursday, May 13, 2021Oil slumped the most in over a month alongside a commodities downturn.

Colonial Rep Declines Comment on Reported Crypto Ransom Payment Share your comments
Thursday, May 13, 2021Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, according to people familiar with the transaction.


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Exploration

Total Extends Suriname Drilling Contract Share your comments
Thursday, May 13, 2021Total has added an appraisal well to the Maersk Developer's work scope. PHOTO SOURCE: Maersk Drilling

Shell Makes Significant Deepwater Gulf of Mexico Find Share your comments
Wednesday, May 12, 2021Shell Offshore Inc, a subsidiary of Royal Dutch Shell plc (NYSE: RDS.A), has announced a 'significant' deepwater discovery.

Schlumberger and NOV Want Faster Automated Drilling Adoption Share your comments
Wednesday, May 12, 2021The companies are teaming up in digital drilling automation for wellbore construction. IMAGE SOURCE: Schlumberger

Dolphin Drilling Wins Norwegian Shelf Work Share your comments
Wednesday, May 12, 2021Wellesley Petroleum has awarded Dolphin Drilling a letter of intent to drill an HPHT exploration well. PHOTO SOURCE: Dolphin Drilling

Odfjell to Drill Another Well for Equinor Share your comments
Tuesday, May 11, 2021Equinor has exercised an additional well under its Deepsea Atlantic contract.

Baker Hughes USA and Canada Rig Counts Increase Share your comments
Saturday, May 08, 2021Baker Hughes reported increases in the number of rotary drilling rigs operating in the United States and Canada.


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Production

NOV Wins Barossa Submerged Turret Contract Share your comments
Friday, May 14, 2021A unit of NOV will supply a submerged turret production system for the Santos-operated project.

DOE Awards $6MM+ for Hydrogen Gas Turbine Research Share your comments
Thursday, May 13, 2021Eight university-led projects will receive nearly $6.2 million in federal funding for research and development aimed at advancing hydrogen as a high performing, efficient gas for turbine-based electricity generation.

McDermott Nets Gulf of Mexico BHP FEED Deal Share your comments
Wednesday, May 12, 2021McDermott has been selected by BHP to provide the FEED of a semi-submersible floating production unit for the Trion Project in the Gulf of Mexico.

$2.3B FPSO Order Goes to Keppel Share your comments
Tuesday, May 11, 2021Keppel O&M is carrying out the project at multiple locations.

Will Redistricting Complicate Biden Oil and Gas Tax Proposal? Share your comments
Monday, May 10, 2021Here is a preview of what to watch this week in the oil and gas markets.

Half of Shell Energy Mix to Be Clean Next Decade Share your comments
Monday, May 10, 2021Royal Dutch Shell Plc's head expects clean energy to make up half of the company's energy mix 'somewhere in the next decade.'


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Finance and Investing

SLB-Backed Arabian Drilling Planning Saudi IPO Share your comments
Tuesday, May 04, 2021Arabian Drilling Co is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter.

Exxon Earns $2.7B in First Quarter Share your comments
Monday, May 03, 2021Exxon Mobil Corporation (NYSE: XOM) has announced estimated first quarter 2021 earnings of $2.7 billion.

Chevron Posts Bumper Cash Flow Share your comments
Friday, April 30, 2021Chevron Corp. generated the most free cash flow since the pandemic emerged as economies clawing their way out of more than a year of lockdowns and paralysis burn more fuel.

Total Profit up to Pre-Pandemic Levels Share your comments
Thursday, April 29, 2021Total SE's profit surged by more than expected in the first quarter, making it the latest oil major to see earnings return to pre-pandemic levels.

Shell Profit Surges More Than Expected Share your comments
Thursday, April 29, 2021Royal Dutch Shell Plc took the opportunity to pay down its heavy debt burden as profit surged by more than expected in the first quarter.

Big Oil Sees Cash Rolling In Share your comments
Monday, April 26, 2021After one of the most difficult years in the oil industry's history, crude prices have recovered and major producers are finally generating spare cash.


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Company Operations

Colonial Ransom Payment Spurs Ethical and Legal Questions Share your comments
Friday, May 14, 2021The United States government's fight to choke off ransom payments collected by hackers hit a major snag Thursday.

BP and CEMEX in Net Zero Team Up Share your comments
Friday, May 14, 2021BP (NYSE: BP) and CEMEX, S.A.B. de C.V. ‎‎(NYSE: CX) have revealed that they will work together to accelerate the ‎progress of CEMEX's 2050 ambition to deliver net zero CO2 concrete globally.

SLB Appoints Chief Strategy, Sustainability Officer Share your comments
Friday, May 14, 2021Schlumberger (NYSE: SLB) has appointed Katharina Beumelburg to the position of chief strategy and sustainability officer.

Equinor Fire Investigations Concluded Share your comments
Thursday, May 13, 2021Equinor's (NYSE: EQNR) internal investigations following fires at Hammerfest LNG and Tjeldbergodden have now been concluded.

New CFO at Petrofac
Wednesday, May 12, 2021Petrofac Limited has announced that its chief financial officer, Alastair Cochran, has advised the board of his intention to leave and take up a new role outside the group on September 1.

Pemex Delays Payments to Private Partners Share your comments
Tuesday, May 11, 2021Petroleos Mexicanos is racking up millions of dollars in late payments to oil companies as it struggles to generate cash.


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