FEATURED STORY
Oil Will Continue to Play Significant Role in 2040
Friday February 15, 2019
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Although the precise outlook is uncertain, the world looks set to consume significant amounts of oil for several decades, according to BP's latest Energy Outlook.
Industry Headlines
Crude Oil Up More Than 5% for the Week
Friday, February 15, 2019 A Russian pledge and a Saudi outage provided support for crude.
US Drillers Add Rigs for Second Consecutive Week
Friday, February 15, 2019 The US added a net total of two rigs this week.
US Weighs New PDVSA Sanctions
Friday, February 15, 2019 The Trump administration is considering blocking foreign entities from dealing with Venezuela's state oil giant.
Oil Will Continue to Play Significant Role in 2040
Friday, February 15, 2019 Although the precise outlook is uncertain, the world looks set to consume significant amounts of oil for several decades, according to BP's latest Energy Outlook.
Crude Oil Up for Third Straight Day
Thursday, February 14, 2019 Production curbs in Canada and OPEC countries, along with US sanctions on Venezuela, are factors.
Energy Companies at Increasing Risk of 'Over-Investing'
Thursday, February 14, 2019 Companies continue to link executive pay to the discovery of energy resources the world can't safely burn, according to a new report.
Oil Crash Is Over But Debt Is Still Growing in Gulf
Thursday, February 14, 2019 The oil crash came and went but the debt pile it left across the Gulf is still growing.
Oil Poised for Weekly Gain
Friday, February 15, 2019 Oil heads for its biggest weekly gain in a month.
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Most Popular Articles
Exploration
Eni Bags Two Exploration Blocks Onshore Egypt
Friday, February 15, 2019 Eni is being granted two onshore blocks further strengthening its position in Egypt.
BOEM Plans Gulf of Mexico Lease Sale in March
Wednesday, February 13, 2019 The Bureau of Ocean Energy Management is holding an oil and gas lease sale including all available unleased areas in the federal waters of the Gulf of Mexico.
Offshore Drilling Rush Could Transform South Africa
Thursday, February 07, 2019 South Africa still relies on coal for much of its energy.
Total Makes Significant Discovery
Thursday, February 07, 2019 Total has made a 'significant' gas condensate discovery on the Brulpadda prospects, located offshore South Africa.
Offshore Guyana Partners Hit More Pay
Wednesday, February 06, 2019 ExxonMobil, Hess and CNOOC's list of discoveries off the tiny South American country gets longer.
Offshore Wells to Watch in 2019
Tuesday, February 05, 2019 Wood Mackenzie's Vice President of Global Exploration, Andrew Latham, singles out 5 conventional offshore wells to watch in 2019.
US Firm Wins UAE Onshore Concession
Monday, February 04, 2019 Occidental's Vicki Hollub and ADNOC's Sultan Ahmed Al Jaber at the signing ceremony. PHOTO SOURCE: ADNOC
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Production
OPEC Chief Urges Producers to Meet Cut Pledges
Wednesday, February 13, 2019 OPEC's top official urged countries in the group and its allies to follow through on their pledges to cut oil production and keep global markets balanced.
Venezuela Production May Be Less than 700,000 bpd by 2020
Monday, February 11, 2019 Rystad Energy forecasts Venezuela's crude oil production to fall below 700,000 barrels per day by 2020 if the country is not able to offset effects of US sanctions.
2nd Stage of BP West Nile Delta Project Starts Up
Monday, February 11, 2019 BP announces first gas production from the 2nd stage of its West Nile Delta development offshore Egypt.
TechnipFMC Scores Brazil Subsea Contract
Wednesday, February 06, 2019 Petrobras awarded the contract on behalf of the Libra Consortium.
McDermott to Design Scarborough FPU for Woodside
Tuesday, February 05, 2019 The FEED contract could progress to an EPCI contract.
Guyana May Soon Pump More Oil Than Venezuela
Tuesday, February 05, 2019 Guyana's output is poised to reach 750,000 barrels a day by 2025.
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Finance and Investing
Pemex Assistance Plan Fails to Impress Bondholders
Friday, February 15, 2019 Pemex, the world's most indebted oil company, will refrain from issuing new bonds this year.
PetroQuest Emerges from Chapter 11 Bankruptcy
Tuesday, February 12, 2019 US independent PetroQuest Energy emerges from Chapter 11 bankruptcy.
Kuwait Petroleum to Reassess $500B Spending Plan
Monday, February 11, 2019 Kuwait Petroleum Corp. is reassessing plans to spend about $500 billion in capital investment and may decide this year to combine its eight business units.
BP Invests in Technology to Help Upstream Business
Monday, January 28, 2019 BP Ventures invested $5 million in a Houston technology startup that uses artificial intelligence to help BP experts make more efficient upstream decisions.
Gastar Emerges from Chapter 11 Bankruptcy
Wednesday, January 23, 2019 The pure play Mid-Continent energy company has successfully completed its restructuring process.
Chesapeake Surges After Director Buys Shares
Wednesday, December 26, 2018 Chesapeake shares rose the most since February.
Hess Market Cap Plunges $1.5B
Monday, December 24, 2018 Hess tumbled the most in almost three years, wiping out $1.5 billion in market valuation.
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Company Operations
Noble to Buy Newbuild Jackup
Friday, February 15, 2019 Rig expected to begin operations during the third quarter of 2019.
PTTEP Boosts Stake in Sinphuhorm Project
Friday, February 15, 2019 PTTEP SP Limited has signed an agreement to acquire a 33.8% stake in APICO LLC.
ExxonMobil Extends Rowan Drillship Contract
Thursday, February 14, 2019 The supermajor has contracted the ultra-deepwater drillship since September 2018.
Harvest Oil & Gas Sells San Juan Basin Assets
Thursday, February 14, 2019 US independent Harvest Oil & Gas is exiting the San Juan Basin, just months after emerging from bankruptcy.
Tullow Looks at No Deal Brexit Implications
Thursday, February 14, 2019 Tullow, which employs a number of EU nationals in the UK, says its board is concerned about the uncertainty that a No Deal Brexit would cause these 'much-valued members of staff'.
Carnarvon Conducting Placement to Raise $50MM
Wednesday, February 13, 2019 Carnarvon Petroleum Limited is conducting a placement to 'institutional and sophisticated investors' to raise approximately $50 million.
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