Oil & Gas News

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Oil Discovery Made in US Gulf of Mexico

Industry Headlines

Oil Prices Gain on Yellen Call for Big Stimulus Share your comments
Tuesday, January 19, 2021Oil surged the most in over a week in London as broader markets rallied on expectations of additional US stimulus boosting the economy.

Incident on FPSO Espoir Ivoirien Share your comments
Tuesday, January 19, 2021An incident which led to two fatalities occurred while work was being performed in a cargo tank onboard the FPSO Espoir Ivoirien.

Oil Rises on Weaker Dollar and Commodity Optimism Share your comments
Tuesday, January 19, 2021Brent oil rose, with some assistance from a weakening dollar, as the growing popularity of commodities outweighed signs that a resurgence of the coronavirus in Asia is starting to impact demand.

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Oil Prices Edge Downward Share your comments
Monday, January 18, 2021Oil futures edged lower after China reported new virus cases and the dollar rose, while physical crude prices in Asia weakened.

Maersk Urges Better Military Response to West Africa Piracy Share your comments
Monday, January 18, 2021The Gulf of Guinea accounted for 95% of hostages taken in 22 separate instances in 2020.

HAL Electric Frac First and More Share your comments
Saturday, January 16, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

US Targets CNOOC in Late Anti-China Push Share your comments
Friday, January 15, 2021The Trump administration blacklisted China's third-biggest oil company over its drilling in the South China Sea.


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Exploration

Maersk Drilling Firms Up $100MM Contracts with Total Share your comments
Tuesday, January 19, 2021The Maersk Developer is already mobilizing for the 500-day combined campaign. PHOTO SOURCE: Maersk Drilling

High Interest in Continued Exploration Off Norway Share your comments
Tuesday, January 19, 2021There is high interest in continued exploration activity on the Norwegian Continental Shelf, according to the Norwegian Ministry of Petroleum and Energy.

Oil Discovery Made in US Gulf of Mexico Share your comments
Tuesday, January 19, 2021Kosmos Energy (NYSE, LSE: KOS) announced Tuesday an oil discovery in the U.S. Gulf of Mexico at the Winterfell infrastructure-led exploration well.

Apex Strikes Oil in Egypt Share your comments
Tuesday, January 19, 2021Apex International Energy on Monday reported a new oil discovery in Egypt's Western Desert. PHOTO SOURCE: Apex

Baker Hughes US Rig Tally Hits 373 Share your comments
Saturday, January 16, 2021Baker Hughes reported the total number of rotary drilling rigs operating in the United States increased by 13 week.

Dana Terminates Maersk Drilling Deal Share your comments
Friday, January 15, 2021Maersk Drilling announced Friday that it has received notice of early termination of a one-well contract with Dana Petroleum Denmark B.V.


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Production

IEA Validates Saudi Output Curbs Share your comments
Tuesday, January 19, 2021On Tuesday, the International Energy Agency slashed forecasts for world oil demand in the first quarter.

Leaking Pipeline Underscores Libya Production Challenges Share your comments
Monday, January 18, 2021Libya’s oil output has dropped by about 200,000 barrels a day after the closure of a leaking pipeline

Gas Challenges Prompt Hard Questions Share your comments
Monday, January 18, 2021Rigzone prognosticators highlight trends to watch this week in the oil and gas markets.

Mozambique Army Gains Control in Gas-Rich Province Share your comments
Monday, January 18, 2021Mozambican President Filipe Nyusi has put the military in charge of combating a growing Islamic State-linked insurgency in the natural gas-rich Cabo Delgado province.

Equinor to Test Floating Solar Off Froya Share your comments
Sunday, January 17, 2021Equinor (NYSE: EQNR) has revealed that it will test floating solar power off the island of Froya, in Norway, together with Moss Maritime.

How Quickly Will US Fossil Fuel Output Rebound? Share your comments
Friday, January 15, 2021Look back at oil and gas market hits and misses for the week ending Jan. 15, 2021.

ENOG Takes Karish North FID Share your comments
Friday, January 15, 2021Energean plc (LSE: ENOG) has announced that it has taken a Final Investment Decision on the Karish North gas development, offshore Israel.


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Finance and Investing

Investors Flock Back into Oil Share your comments
Tuesday, January 19, 2021Investors and oil companies are rushing back into the crude market.

Andurand Hedge Fund Soars 154 Percent in 2020 Share your comments
Tuesday, January 05, 2021Pierre Andurand's oil hedge funds stormed back in 2020 to post their biggest-ever gains as the global pandemic roiled energy markets.

Exxon Signals 4th Consecutive Loss Share your comments
Thursday, December 31, 2020Exxon Mobil Corp, which is struggling to maintain a $15 billion-a-year dividend program, indicated it incurred a fourth straight quarterly loss.

India Asked to Pay $1.2B to Cairn Share your comments
Wednesday, December 23, 2020India has been ordered to return over $1.2 billion to Cairn Energy Plc after Prime Minister Narendra Modi's administration lost arbitration proceedings in a tax dispute.

ADNOC Launches 2nd Trading Arm Share your comments
Sunday, December 13, 2020The Abu Dhabi National Oil Company has officially launched its second trading arm, ADNOC Global Trading.

Aramco Hires Moelis to Raise $Bs from Asset Sales Share your comments
Friday, December 11, 2020Saudi Arabia is looking to emulate neighboring Abu Dhabi by using its state energy firm to raise billions of dollars from investors.


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Company Operations

Vaca Muerta Driller Needs to Make Deal with Creditors Share your comments
Tuesday, January 19, 2021Dollars are now so scarce in Buenos Aires that the central bank refused to let YPF buy the full amount it needed to pay notes coming due in March.

Chevron Partners in Israel to Egypt Pipeline Share your comments
Tuesday, January 19, 2021Chevron and other companies helping to develop Israel's natural gas fields will invest around $235 million in pipelines to export the fuel to Egypt.

API Signs MOU with Azerbaijan Oil Company Share your comments
Tuesday, January 19, 2021The American Petroleum Institute has signed a Memorandum of Understanding with the State Oil Company of Azerbaijan Republic.

ConocoPhillips Acquires Concho Share your comments
Monday, January 18, 2021Shareholders have approved ConocoPhillips' acquisition of Concho Resources. PHOTO SOURCE: ConocoPhillips

Total Drops API Membership Share your comments
Friday, January 15, 2021Total reported Friday that it has decided not to renew its membership in the American Petroleum Institute (API) for 2021.

Feds Decline Comment on Exxon Permian Probe Report Share your comments
Friday, January 15, 2021ExxonMobil said the reported claims are "demonstrably false" and that the company "stands by" its statements to investors.

Shell to Join Offshore Argentina Block Share your comments
Thursday, January 14, 2021Equinor and YPF have agreed to jointly farm-down a nearly one-third non-operated stake in the CAN 100 block offshore Argentina to Shell


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