Oil & Gas News

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OGA: The UKCS is Back

Industry Headlines

Under Pressure From Trump, Saudis Put Brakes on Oil's Rally
Friday, May 25, 2018 The world's largest oil exporter just made quite a policy swerve.

Baker Hughes: US Drillers Add Most Rigs In Week And Month Since Feb
Friday, May 25, 2018 US energy companies added the most oil rigs in both a week and a month since February as drillers continued to return to the well pad.

FAMILY AFFAIR: Cousins Continue Grandfather's Legacy in Oil Business
Friday, May 25, 2018 Third-generation oilfield workers share their family history in the business.

Iran Sanctions and the Oil Market: Three 'What If' Scenarios
Friday, May 25, 2018 It's unclear whether the US will have company in re-imposing sanctions on Iran.

Repsol Sinopec Resources UK Expects to Shed 70 Jobs
Friday, May 25, 2018 Repsol Sinopec Resources UK expects to shed around 70 jobs following a consultation process covering its onshore Aberdeen-based organization.

Norway's Top Oil Drilling Union Agrees Wage Deal, Smaller Union Undecided
Friday, May 25, 2018 The largest labour union representing workers on Norwegian offshore oil drilling rigs agrees to a new wage deal.

Oil Plunges Most in 11 Months as Saudis Hint Taps Will Open Up
Friday, May 25, 2018 Oil prices fell the most in 11 months in New York as Saudi Arabia said it expects OPEC and its partners to boost supplies.

BLOG: Connectivity Threatens to Hinder IoT in Energy Sector
Thursday, May 24, 2018 While the energy industry pushes forward with newer technologies, there do lie some challenges.

Oil Slips Further Below $80/Bbl On Talk OPEC May Lift Output
Thursday, May 24, 2018 Oil prices fell about $1, with expectations building that reduced supplies from Venezuela and Iran could prompt OPEC to wind down output cuts.


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Exploration

Shell Makes Large Discovery in Gulf of Mexico
Thursday, May 24, 2018 Shell has made a deepwater discovery offshore southeast of New Orleans.

Peru President Cancels London-Based Tullow's Offshore Oil Contracts
Wednesday, May 23, 2018 The government of Peruvian President Martin Vizcarra cancels five offshore oil contracts.

Faroe Expects Brasse East Well to be Drilled in 2H 2018
Wednesday, May 23, 2018 Faroe Petroleum expects the Brasse East well to be drilled in the second half of 2018.

Egypt Sets Deadlines For Oil And Gas Exploration Bids
Tuesday, May 22, 2018 Egypt has set October 1 and October 8 deadlines for 2 major international tenders for oil and gas exploration spanning 27 onshore and offshore blocks, the oil ministry says.

Analysts: UK Shale Package Won't Have Tangible Effect on Industry Momentum
Tuesday, May 22, 2018 The latest regulatory package from the UK government to support domestic shale exploration hasn't won over BMI Research analysts.

Cuadrilla Applies For Injunction Covering Shale Gas Site
Monday, May 21, 2018 Cuadrilla Resources files papers in preparation for a hearing for an injunction covering its shale gas exploration operations at Preston New Road, Lancashire.


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Production

India's ONGC To Quadruple Output From Bay Of Bengal Gas Field That Cost $1B
Friday, May 25, 2018 India's state-owned exploration company Oil and Natural Gas Corp will by early 2019 quadruple the output from an offshore gas block in the Bay of Bengal, according to a senior ONGC official.

Equinor's Troll C Gas Module Expected To Start In Q3 2019
Thursday, May 24, 2018 A new gas module on the Equinor-operated Troll C platform is expected to start production in the third quarter of 2019.

China's Cnooc Sees Likely Start of Uganda Oil Field in 2021
Thursday, May 24, 2018 Cnooc says production at Kingfisher field will probably start in 2021.

NOC: Libyan Oilfield Suffers 'Distribution Delay' Amid Protest Threats
Wednesday, May 23, 2018 Libya's National Oil Corp (NOC) says there was a 'minor distribution delay' from Raguba field.

Cuadrilla Seeks Consent to Frack UK's First Horizontal Shale Gas Well
Tuesday, May 22, 2018 Cuadrilla Resources submits an application to the Secretary of State for the Department for Business, Energy and Industrial Strategy for the consent to frack the UK's first horizontal shale gas well.

Production Vessel at Ghana's Jubilee Oilfield to Shut Temporarily
Monday, May 21, 2018 The production vessel at Tullow's flagship Jubilee oilfield off Ghana's west coast will shut down next week for 21 days while it undergoes repairs, the country's power utilities said.


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Finance and Investing

Saudi Oil Minister Says Aramco IPO Is 'Most Likely' in 2019
Friday, May 25, 2018 The initial public offering of Saudi Aramco will 'most likely' happen in 2019, the kingdom's oil minister says.

Report: Petrobras CEO Sees Possible Rise In Capital Spending
Friday, May 18, 2018 Petrobras may raise its capital expenditure program.

Investors See Big Oil Surge, But Physical Markets Suggest Caution
Tuesday, May 15, 2018 Physical markets for oil shipments tell a different story.

Petrobras' Profit Jumps On Asset Sales, Higher Oil Prices
Tuesday, May 08, 2018 Petrobras reports a 57% surge in quarterly profit.

Oil's Lifeline Turns Into $7 Billion Drag as Crude Prices Jump
Wednesday, May 02, 2018 There's a downside to oil prices being up that could cost the industry more than $7 billion.

Rosneft Appeals to Market With $2 Billion Buyback, Debt Cut
Tuesday, May 01, 2018 Rosneft PJSC plans to start a $2B share buyback this year.

Pemex CEO Says We Must Move To IPO, But Will Take Years
Wednesday, April 25, 2018 Pemex says it must move towards a stock exchange listing like Saudi Arabia's Aramco has done but that such a step would take years.


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Company Operations

Apache North Sea Donates to Aberdeen Cancer Support Charity
Friday, May 25, 2018 Cancer support charity Maggie's Aberdeen is set to receive a $100,000 (GBP 75,000) donation from Apache North Sea.

Bristow Secures Contract Extension with Perenco UK
Friday, May 25, 2018 Industrial aviation service provider Bristow Group Inc. secures a 3-year contract extension with Perenco UK Ltd.

Inaugural Decom North Sea Awards Winners Revealed
Thursday, May 24, 2018 The winners of the inaugural Decom North Sea Awards have been revealed.

UAE's Mubadala To Take Stake In Subsidiary Of Russia's Gazprom
Thursday, May 24, 2018 Abu Dhabi's state-owned Mubadala Investment Company acquires a 44% stake worth at least $271 million in an oil subsidiary of gas giant Gazprom, the Russian company says.

Software Development Company Expects to Create Aberdeen Jobs in 2019
Wednesday, May 23, 2018 Verum Solutions, a software development company which serves the oil and gas industry, expects to create new jobs in Aberdeen by early next year.


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