FEATURED STORY
Arctic Energy Office Reestablished

Industry Headlines

Light Crude Ends Week Above $41 Share your comments
Friday, September 18, 2020Saudi Arabia's warning to OPEC+ cheaters and short-sellers alike helped oil prices stage their biggest weekly rally since June.

Hedge Fund That Profited from Oil Crash Eyes Biden Win Share your comments
Friday, September 18, 2020A hedge fund betting on the decline of fossil fuels has made a 25% gain this year after oil's historic crash sent energy stocks plummeting.

Arctic Energy Office Reestablished Share your comments
Friday, September 18, 2020The U.S. Department of Energy has announced the reestablishment of its Arctic Energy Office.

Oil Set for Best Week Since June Share your comments
Friday, September 18, 2020Oil is poised for its biggest weekly advance since early June with Saudi Arabia ratcheting up the pressure on OPEC+ members to adhere to the group's production cuts amid signs demand is faltering.

Oil Prices Get Boost from Saudi Call for Compliance Share your comments
Thursday, September 17, 2020Oil posted its largest three-day advance since May.

Oil Drops With Strong Dollar Share your comments
Thursday, September 17, 2020Oil dropped below $40 a barrel with a stronger dollar after the biggest surge since June.

OGTC Roadmaps Critical Tech for Integrated Net Zero Share your comments
Thursday, September 17, 2020The Oil & Gas Technology Center has released a new report roadmapping the critical technologies needed to deliver an integrated net-zero energy system on the UK Continental Shelf.

Light Crude Surges Nearly 5% Share your comments
Wednesday, September 16, 2020Oil jumped the most since early June.


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Exploration

Activist Groups Threaten Arctic Drilling Backlash Share your comments
Thursday, September 17, 2020Environmental and indigenous groups are warning major energy companies of a backlash if they participate in a US government auction of Arctic refuge drilling rights.

Fugro Wins Offshore India Survey Share your comments
Thursday, September 17, 2020Above is a multibeam seabed image of the Gulf of Kutch on India's west coast. IMAGE SOURCE: Fugro

New Gas Discovery Made Offshore Egypt Share your comments
Wednesday, September 16, 2020Eni (BIT: ENI) has announced a new gas discovery in the Great Nooros Area.

Apache and Total Evaluate Suriname Discovery Share your comments
Tuesday, September 15, 2020Apache Corp. and Total S.A. have updated the technical evaluation of their Kwaskwasi-1 discovery well in Block 58 offshore Suriname.

OGA to Publish Historic Seismic Data Share your comments
Tuesday, September 15, 2020The UK Oil and Gas Authority will make historic seismic data available after a consultation into the reporting and disclosure of such data.

Baker Hughes Rig Count Shows US Decline Share your comments
Saturday, September 12, 2020The number of rotary drilling rigs operating in the United States fell by two this past week, reported Baker Hughes.


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Production

Some Producers Setting Records Despite Low Drilling Levels Share your comments
Friday, September 18, 2020Check out this review of oil market hits and misses for the week ending Sept. 18, 2020.

Wood Snags $42MM Onshore Norway Contract Share your comments
Friday, September 18, 2020Wood executed the front-end engineering design phase last year. PHOTO SOURCE: Øyvind Sætre/Gassco

Saudi Prince Calls for End to OPEC+ Cheating Share your comments
Thursday, September 17, 2020The Saudi energy minister gave a forceful condemnation of cartel members that try to get away with pumping too much crude.

More US GOM Production Comes Offline Share your comments
Thursday, September 17, 2020More U.S. Gulf of Mexico oil and gas production has come offline in response to Hurricane Sally.

Iraq OPEC+ Compliance Appears More Distant Share your comments
Wednesday, September 16, 2020Iraq is exporting more crude so far in September than its daily average last month.

UAE Signals It Will Atone for Pumping Too Much Share your comments
Wednesday, September 16, 2020The United Arab Emirates sent a fresh signal it will make up for pumping too much oil in the past two months.

Petrobras Eyes Its Next Buzios FPSO Share your comments
Wednesday, September 16, 2020Petrobras and SBM Offshore confirmed that they have begun negotiations for the FPSO Almirante Tamandare.


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Finance and Investing

Anadarko Basin Player Files Chapter 11 Share your comments
Monday, August 17, 2020Chaparral Energy Inc has voluntarily filed petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in accordance with a restructuring support agreement it has made.

Profit Warnings Soar for UK Oil Cos Share your comments
Friday, August 07, 2020UK listed oil and gas companies issued more profit warnings in the second quarter of this year than the whole of 2019.

BP Cuts Dividend for First Time Since 2010 Share your comments
Tuesday, August 04, 2020BP cut its dividend for the first time in a decade, removing a cornerstone of its investment case.

Deutsche Bank Drops Some Oil Financing Share your comments
Tuesday, July 28, 2020Deutsche Bank has adopted a new fossil fuels policy.

Equinor In Surprise Profit Share your comments
Friday, July 24, 2020Equinor reported a surprise profit in the second quarter.

Woodside Warns of $4.3B Post Tax Hit Share your comments
Wednesday, July 15, 2020Woodside Petroleum has warned that it expects to take a post-tax hit of $4.37 billion in its financial results for the first half of the year.


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Company Operations

Pemex Sees Plunge in Oil Exports Share your comments
Friday, September 18, 2020Petroleos Mexicanos expects a drastic drop in oil exports over the next three years.

Hundreds Join OGUK Young Pros Webinar Share your comments
Friday, September 18, 2020Industry body Oil & Gas UK revealed that more than 200 people joined its industry insights webinar for young professionals on Thursday.

Wintershall to Rely on Flexible Working Share your comments
Friday, September 18, 2020Wintershall Dea has revealed that it will rely on flexible working even after the Covid-19 pandemic subsides.

Maersk Drilling Announces Ambitious Climate Goal Share your comments
Friday, September 18, 2020Maersk Drilling (CPH: DRLCO) announced Friday that it has set an 'ambitious' target of halving the intensity of CO2 emissions from its drilling operations by 2030.

NOIA Reveals Offshore Safety Award Winners Share your comments
Thursday, September 17, 2020The National Ocean Industries Association (NOIA) on Wednesday identified its Safety in Seas (SIS) award recipients for 2020.

Neptune Extends CHC Contract Share your comments
Thursday, September 17, 2020Neptune Energy has extended its contract with CHC Helicopters covering the Dutch sector of the North Sea for a further two years. Photo credit - CHC Helicopters.


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