Oil & Gas News

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Are Investors Really Leaving Oil and Gas?

Industry Headlines

Oil Prices Higher for the Week
Friday, November 15, 2019 WTI and Brent finished higher Friday, also showing week-on-week increases.

US Drops Eleven Oil, Gas Rigs
Friday, November 15, 2019 The U.S. dropped 10 oil rigs and one gas rig for a net loss of 11 rigs this week, according to data from Baker Hughes Company.

Russia Makes More Money from OPEC+ Deal than Saudis
Friday, November 15, 2019 Russia has earned more money this year from the OPEC+ deal than Saudi Arabia.

3D Printing On Track to Become Vital in Oil and Gas
Friday, November 15, 2019 3D printing is on track to become a vital component within oil and gas, according to data and analytics company GlobalData.

Oil Up as Market Weighs Trade Deal Against Supply
Friday, November 15, 2019 Oil pared a weekly loss as investors weighed signs of progress in the U.S.-China trade war against swelling American crude inventories.

Oil Prices Stay Range-Bound and Boring
Thursday, November 14, 2019 WTI and Brent crude oil prices showed some positive momentum early Thursday but ultimately posted day-on-day-losses.

Billionaires Circle Distressed US Oil, Gas Patch
Thursday, November 14, 2019 Billionaires are circling the distressed U.S. oil and gas patch, looking to pick up assets on the cheap at a time when the state of the industry is scaring off other investors.

Total and ADNOC Plan Seismic Drone Project
Thursday, November 14, 2019 The project will use a fleet of drones to drop off thousands of seismic sensors throughout Abu Dhabi and unmanned ground vehicles to retrieve them.


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Exploration

Bolivia Crisis Thwarts Shell Gas Exploration
Tuesday, November 12, 2019 Natural gas exploration by global oil companies in Bolivia has stopped amid an escalating political crisis that has left the Andean nation rudderless.

Argentina's Shale Trove Risks Staying Buried
Monday, November 11, 2019 Drillers in Argentina are scared that interventionist economic policies will foil the world's next big shale hope.

Iran Finds New 53 Billion Barrel Field
Monday, November 11, 2019 Hassan Rouhani, the president of the Islamic Republic of Iran, revealed Sunday that Iran has discovered a new oil field with 53 billion barrels of reserves.

Helix to Deploy New Rig Offshore Nigeria
Friday, November 08, 2019 Pictured is Helix Energy Solutions' new Q7000 well intervention semi-submersible rig. PHOTO SOURCE: Sembcorp Marine

New North Sea Oil and Gas Discovery Made
Wednesday, November 06, 2019 Equinor has discovered oil and gas in exploration well Echino South.

Giant Offshore Brazil Oil Discovery May Be Expensive for Exxon
Friday, November 01, 2019 Exxon Mobil Corp. could take a pass on what it considers the world's top deepwater oil discovery when Brazil puts the giant Buzios field up for auction next week.


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Production

US Shale Operators Show 'Impressive Execution' in 2019
Thursday, November 14, 2019 U.S. shale companies are set to grow their 2019 oil production by 16%, thanks to impressive execution.

US Boosts Oil Output Forecast
Thursday, November 14, 2019 The pioneers of the U.S. shale boom are warning of a slowdown in oil production growth, but it appears the U.S. government doesn't agree.

Tunisia's Big Gas Field About to Start Pumping
Tuesday, November 12, 2019 Tunisia's biggest energy project -- a long-delayed, $1.2B joint venture with Vienna-based OMV AG -- will start producing natural gas by the end of the year.

US Daily Oil Output Growth Could Fall from 440K to Nil
Wednesday, November 06, 2019 Welcome to the new era of moderation for shale producers.

UAE Advances in Global Reserves Lists
Monday, November 04, 2019 Abu Dhabi's Supreme Petroleum Council announced significant increases in the UAE's oil and natural gas reserves as well as new discoveries.

OPEC Output Bounces Back Amid Saudi Arabia Recovery
Friday, November 01, 2019 OPEC's oil production rebounded in October from an eight-year low as Saudi Arabia swiftly recovered from an attack on its biggest crude-processing plant.


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Finance and Investing

Are Investors Really Leaving Oil and Gas?
Friday, November 15, 2019 The reality is the oil and gas sector is way too big and diverse for major institutional investors to not incorporate.

Tullow Falls Most in 21 Years
Wednesday, November 13, 2019 Tullow Oil Plc fell the most in two decades in London trading after saying it's reassessing the commercial viability of discoveries in Guyana.

Offshore OFS Could Get Major Boost in SE Asia
Monday, November 11, 2019 Offshore project sanctions in Southeast Asia could lift greenfield investments in the oilfield services market by nearly 70 percent in 2020, according to Rystad Energy.

EU Majors Take Stakes in Abu Dhabi Oil Bourse
Monday, November 11, 2019 BP, Shell and Total are among partners in a new exchange to trade Abu Dhabi's flagship oil grade in what could become a new price benchmark for a fifth of the world's crude.

Chesapeake Stock Nosedives to 20-Year Low
Wednesday, November 06, 2019 Shares fell as much as 24 percent intraday on Wednesday to their lowest since 1999.

ENH to Woo Investors for $1.5B Gas Financing
Wednesday, November 06, 2019 Mozambique will court investors for $1.5 billion of financing for a giant natural-gas project run by Total SA.


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Company Operations

BHP Names New CEO
Friday, November 15, 2019 Australian miner BHP has appointed Mike Henry as its new CEO and executive director.

Equinor Buys Inspection Services for Over $380MM
Friday, November 15, 2019 Equinor has chosen suppliers for inspection services on all its offshore installations on the Norwegian continental shelf and onshore plants in Norway.

Saipem to Consider Combining with Subsea 7
Friday, November 15, 2019 Saipem is considering a combination with rival Subsea 7 to create a larger European oil services provider, people with knowledge of the matter said.

ExxonMobil Awards Guyana Subsea Contract
Thursday, November 14, 2019 Saipem will begin limited activities under its latest contract from ExxonMobil's Guyana subsidiary.

Callon, Carrizo Amend Acquisition Deal Amid Shareholder Opposition
Thursday, November 14, 2019 Following months of opposition from one of its largest shareholders, Callon Petroleum Company has lowered its acquisition offer for rival Permian player Carrizo Oil & Gas, Inc.

ADNOC Drilling Announces Major Rig Fleet Expansion
Thursday, November 14, 2019 ADNOC Drilling announces a 'major' rig fleet expansion program 'to support ADNOC's upstream growth plans'.

Range Resources Closes Houston Office, Lays Off Staff
Wednesday, November 13, 2019 U.S. natural gas producer Range Resources Corporation will be closing its Houston office, resulting in the layoffs of 50 Houston employees.


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