Oil & Gas News

FEATURED STORY
Libya NOC Gives Dire Warning

Industry Headlines

Job Losses Climb in Oilfield Services Share your comments
Tuesday, August 11, 2020Texas has shed more OFS jobs this year than six other states combined.

Libya NOC Gives Dire Warning Share your comments
Tuesday, August 11, 2020NOC warns the militarization of oil facilities, presence of mercenaries and military escalation increase the risks that hydrocarbons and chemicals stored at oil ports pose to people.

Oil Up on Upbeat Aramco and US Virus Easing Signs Share your comments
Tuesday, August 11, 2020Oil edged higher following the biggest daily advance in a week as Saudi Aramco's upbeat assessment of the crude market and signs the spread of the coronavirus in the U.S. is decelerating aided sentiment.

SPONSORED CONTENT
Upstream Gate Tech Delivers Better Security and Cuts Costs
By Blackhawk Datacom BlackHawk Datacom has unveiled an innovative means of improving security at these often-remote sites more cost effectively.

Light Crude Approaches $42 Share your comments
Monday, August 10, 2020Oil posted the biggest gain in a week in New York.

BW Reveals Fate of Kidnapped Crew Share your comments
Monday, August 10, 2020BW Offshore has revealed that all of its employees who were kidnapped from its Sendje Berge FPSO back in July have been safely released.

Oil Up as Aramco Sees Demand Recovery Continuing Share your comments
Monday, August 10, 2020Oil snapped a two-day losing streak as Saudi Aramco predicted demand will continue to improve through the rest of the year.


READ MORE

Exploration

Turkey Resumes Offshore Exploration Share your comments
Friday, August 07, 2020Turkey resumed oil and gas exploration in the Mediterranean Sea days after the government said it would delay offshore surveys to seek a diplomatic resolution with Greece.

Offshore Scarecrow Could Make Helidecks Safer Share your comments
Thursday, August 06, 2020Say hello to Scaretech. PHOTO SOURCE: Scaretech

Borr Drilling Ups Backlog by $21MM Share your comments
Tuesday, August 04, 2020Borr Drilling has entered into a new contract and letters of intent for three of its currently warm-stacked rigs.

Stena Drilling Fleet Undergoes Upgrade Share your comments
Tuesday, August 04, 2020Above is a drone shot of the Stena IceMAX drillship. PHOTO SOURCE: Stena Drilling

Neptune Makes Largest 2020 Norway Discovery Share your comments
Tuesday, August 04, 2020Neptune Energy has announced the commercial discovery of oil at the Dugong well in the Norwegian sector of the North Sea.

Land Rig Uptick Could Emerge Next Year Share your comments
Monday, August 03, 2020Here is a preview of what to watch this week in the oil and gas markets.


READ MORE

Production

US Shale Producers at a Crossroads Share your comments
Tuesday, August 11, 2020U.S. shale producers are at a crossroads as they find themselves more efficient than ever.

Civil Unrest Shuts Down Peru Oil Field Share your comments
Tuesday, August 11, 2020PetroTal Corp. has shut down the Bretana oil field in Peru due to 'civil unrest'.

Norway Plans Deep Cuts to Oil Loadings Share your comments
Monday, August 10, 2020It looks like Norway will do its bit next month toward helping OPEC+ avert a global glut of crude.

Oil and Gas Drilling Collapse Deepens in July Share your comments
Friday, August 07, 2020The number of rigs drilling for oil and gas set a fresh record low in July.

Bluewater Awards FPSO Contract Share your comments
Friday, August 07, 2020Remazel Engineering has won a contract from Bluewater in conjunction with the Jotun FPSO upgrade.

Iraq Commits to Deep Oil Cuts Share your comments
Friday, August 07, 2020Iraq made its strongest commitment yet to implement deep cuts in crude production after the country's oil minister and his Saudi counterpart held a phone call Thursday.


READ MORE

Finance and Investing

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.

BP Investing $70MM in GGEF Share your comments
Wednesday, July 08, 2020BP is investing $70 million in India's Green Growth Equity Fund.


READ MORE

Company Operations

Hollub Says Algeria Assets Are Off the Market Share your comments
Tuesday, August 11, 2020Occidental Petroleum CEO Vicki Hollub told analysts the Algerian oil and gas assets are a core holding.

Marsden to Succeed Cathcart at Bechtel Share your comments
Tuesday, August 11, 2020Bechtel reported that it has named Paul Marsden president of its Oil, Gas & Chemicals (OG&C) business.

KBR to Drop Energy Business Share your comments
Tuesday, August 11, 2020The firm's new business model will comprise two, rather than three, segments.

New South Harbour Expansion Contracts Awarded Share your comments
Tuesday, August 11, 2020Aberdeen Harbour Board has issued further contract awards in support of the South Harbour expansion project.

Petrofac-SOCAR JV Gets $100MM BP Deal Share your comments
Tuesday, August 11, 2020A Petrofac-SOCAR joint venture has secured a services contract with BP Azerbaijan.

Oxy Books $6.6B Charge for Second Quarter Share your comments
Monday, August 10, 2020Occidental is struggling with a $40 billion debt burden after its ill-timed purchase of Anadarko Petroleum Corp. last year.

Former Lukoil Trader Wins Venezuela Dispute Share your comments
Monday, August 10, 2020A unit of Lukoil had claimed the trader engaged in unauthorized purchases of Venezuelan crude.


READ MORE