Oil & Gas News

FEATURED STORY
Offshore Investments to Outpace Shale in 2019

Industry Headlines

Executive Tackles Disruptions in Energy Transition
Friday, September 21, 2018 Oil and gas executives discuss possible disruptions the industry faces during the Houston Energy Breakfast.

Trump's Blow to Iranian Oil Sparks Curious Price Divergence
Friday, September 21, 2018 The relationship between two major oil benchmarks is charting an unexpected course.

Russia's Biggest Oil Producers Enjoy Record Production and Ruble Rally
Friday, September 21, 2018 Russia's oil and gas companies are living through the best of times.

OPEC Squabbles Lose Relevance as Saudis and Russia Set the Agenda
Friday, September 21, 2018 OPEC and its allies seem poised for another contentious meeting in Algeria this weekend.

Oil Rises as Supples Wane at America's Key Inland Storage Site
Friday, September 21, 2018 Oil climbed in New York as the supplies stowed at the biggest US storage hub dwindled.

Exxon, Chevron and Occidental Oil and Gas Climate Group
Thursday, September 20, 2018 Supermajors Exxon and Chevron along with Occidental Petroleum are the latest three companies to join group committed to addressing climate change.

Offshore Investments to Outpace Shale in 2019
Thursday, September 20, 2018 Rystad reports that investments in offshore projects will be higher than shale investments, shake-up from previous years.

Crude Oil and Gasoline Tumble in Twitterverse Tizzy
Thursday, September 20, 2018 Just one of the four commodity benchmarks Rigzone tracks was unfazed by a tizzy in the Twitterverse.


READ MORE

Exploration

Cuadrilla Granted Fracking Consent for Second Horizontal Shale Gas Well
Wednesday, September 19, 2018 Cuadrilla receives hydraulic fracturing consent for its second horizontal shale exploration well at its Preston New Road site in Lancashire, UK.

Faroe Set to Ramp Up Exploration and Appraisal Activity
Wednesday, September 19, 2018 Norway and UK focused Faroe is set to 'ramp up' its exploration and appraisal activity in 2018 and 2019, according to a joint statement by the company's chairman and chief executive.

UK West Shetland Seismic Survey Acquisition Commences
Monday, September 17, 2018 CGG commences the acquisition of a seismic survey in the UK West Shetland basin.

Total Joins Tullow-operated Block Offshore Guyana
Thursday, September 13, 2018 Total has exercised its option to acquire a 25% working interest in the Orinduik Block offshore Guyana.

Lyon Well Offshore UK Deferred Until 2019
Thursday, September 13, 2018 The drilling of the offshore UK Lyon exploration well has been deferred until 2019, Siccar Point Energy has revealed.

Petronas Eyes South Sudan Oil Blocks
Tuesday, September 11, 2018 Petronas is interested in developing oil blocks in South Sudan, President Salva Kiir's office says.


READ MORE

Production

Russia Oil Output Is Said to Hit New Highs Before OPEC Talks
Thursday, September 20, 2018 Russia's crude production has jumped to a new post-Soviet record, boosting the nation's budget revenue as it prepares for talks with OPEC+ on further cooperation, according to a government official.

Strong Growth in Short Term Egypt Gas Production Expected
Thursday, September 20, 2018 Fitch Solutions Macro Research expects 'strong growth' in gas production in Egypt in the short term, a new report by the company has revealed.

First Oil Production Begins at Tortue Field
Wednesday, September 19, 2018 Panoro Energy announces that first oil production has started from the Tortue field, which is located within the Dussafu PSC offshore Gabon.

CNOOC Starts Up Penglai 19-3 Comprehensive Adjustment Project
Tuesday, September 18, 2018 CNOOC Limited announces that the Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project has commenced production.

Lancaster EPS Subsea Installation Completed
Thursday, September 13, 2018 Hurricane Energy says the installation of subsea umbilical, risers and flowlines for the Lancaster Early Production System has been 'successfully completed'.

Gazprom Neft Joins Forces with CNPC to Develop EOR Tech
Thursday, September 13, 2018 Gazprom Neft announces that it has joined forces with China National Petroleum Corporation to develop enhanced oil recovery technologies.


READ MORE

Finance and Investing

Aramco Is Not Alone as Saudi Arabia's Privatization Push Slows
Thursday, September 20, 2018 Aramco may have grabbed the biggest headlines, but the oil giant's delayed initial public offering is just the latest sign of Saudi Arabia's slowing privatization push.

Qatar Calls For Increased Investment In Oil And Gas Markets
Thursday, September 06, 2018 Qatar's energy minister calls for oil-producing countries to boost investment in the oil and gas sector given a recovery in the price of oil.

Weatherford CEO Expects 2018 EBITDA To Nearly Double
Wednesday, September 05, 2018 Weatherford International's full-year earnings before expenses will nearly double from last year, CEO Mark McCollum says.

Alberta Cuts Budget Deficit Outlook As Oil Prices Rebound
Friday, August 31, 2018 The Alberta government lowered its 2018-2019 budget deficit projection.

Total Rules Out Investing In US Shale Oil After BP-BHP Deal
Monday, August 27, 2018 Total is not looking at investing in the US shale oil industry.

Norway's Plan to Dump Oil, Gas Stocks Meets Resistance
Friday, August 24, 2018 Norway's $1 trillion sovereign wealth fund is meeting resistance on its plan to dump more than $40 billion in oil and gas stocks.


READ MORE

Company Operations

Pemex Signs Landmark Offshore Deal
Friday, September 21, 2018 Pemex and a three-way JV have struck what is reportedly the first pre-unitization agreement ever signed in Mexico.

Transocean Wins Multi-well NCS Contract for New Semisub
Friday, September 21, 2018 The harsh-environment rig will be capable of operating at a water depth up to 10,000 feet.

BP Launches Skills Refinery to Improve Student Employability
Friday, September 21, 2018 BP launches the Skills Refinery, a new global online portal that aims to improve students' employability.

SDX Energy in Discussions to Acquire Egypt Asset Package from BP
Friday, September 21, 2018 SDX Energy confirms that it is in discussions for the acquisition of a 'significant package of assets' in Egypt from BP.

Shell Is in Talks to Sell $1.3B in Gulf Coast Assets
Friday, September 21, 2018 Royal Dutch Shell plc is in talks to sell its interest in a Gulf of Mexico oilfield to Focus Oil, according to people familiar with the matter.

UKCS Player Signs $400MM Acquisition Agreement
Friday, September 21, 2018 Verus Petroleum signs an agreement for the acquisition of Cieco Exploration & Production (UK) Limited, a wholly owned subsidiary of ITOCHU Corporation.

Riverstone is Planning $900MM Sale of Abaco Energy
Wednesday, September 19, 2018 Riverstone Holdings is preparing to sell oilfield services equipment company Abaco Energy Technologies, which could fetch about $900 million, according to people with knowledge of the matter.


READ MORE