Oil & Gas News

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Colonial Pipeline Initiates Restart

Industry Headlines

Oil Prices Fall As Inflation Concerns Mount Share your comments
Thursday, May 13, 2021Oil slumped the most in over a month alongside a commodities downturn.

Colonial Rep Declines Comment on Reported Crypto Ransom Payment Share your comments
Thursday, May 13, 2021Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, according to people familiar with the transaction.

Gasoline Panic Buying Spiral Extends to South Texas Share your comments
Thursday, May 13, 2021The frenzy to fill up is unnecessary.

Geothermal Energy Is a Different Kind of Renewable Resource Share your comments
Thursday, May 13, 2021Geothermal firm exec offers his perspective on collaboration between the geothermal and oil and gas sectors.

Maersk CEO Says No Real Sign of Inflation Risk Share your comments
Thursday, May 13, 2021Inflation risk not seen by the chief executive of the world's biggest shipping company.

New 2021 and 2022 Oil Price Forecasts from EIA Share your comments
Thursday, May 13, 2021The U.S. Energy Information Administration has updated its Brent spot price averages for 2021 and 2022.

Oil Prices Finish Higher Amid Lower USA Inventories Share your comments
Wednesday, May 12, 2021Oil rose to the highest level since early March.


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Exploration

Total Extends Suriname Drilling Contract Share your comments
Thursday, May 13, 2021Total has added an appraisal well to the Maersk Developer's work scope. PHOTO SOURCE: Maersk Drilling

Shell Makes Significant Deepwater Gulf of Mexico Find Share your comments
Wednesday, May 12, 2021Shell Offshore Inc, a subsidiary of Royal Dutch Shell plc (NYSE: RDS.A), has announced a 'significant' deepwater discovery.

Schlumberger and NOV Want Faster Automated Drilling Adoption Share your comments
Wednesday, May 12, 2021The companies are teaming up in digital drilling automation for wellbore construction. IMAGE SOURCE: Schlumberger

Dolphin Drilling Wins Norwegian Shelf Work Share your comments
Wednesday, May 12, 2021Wellesley Petroleum has awarded Dolphin Drilling a letter of intent to drill an HPHT exploration well. PHOTO SOURCE: Dolphin Drilling

Odfjell to Drill Another Well for Equinor Share your comments
Tuesday, May 11, 2021Equinor has exercised an additional well under its Deepsea Atlantic contract.

Baker Hughes USA and Canada Rig Counts Increase Share your comments
Saturday, May 08, 2021Baker Hughes reported increases in the number of rotary drilling rigs operating in the United States and Canada.


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Production

DOE Awards $6MM+ for Hydrogen Gas Turbine Research Share your comments
Thursday, May 13, 2021Eight university-led projects will receive nearly $6.2 million in federal funding for research and development aimed at advancing hydrogen as a high performing, efficient gas for turbine-based electricity generation.

McDermott Nets Gulf of Mexico BHP FEED Deal Share your comments
Wednesday, May 12, 2021McDermott has been selected by BHP to provide the FEED of a semi-submersible floating production unit for the Trion Project in the Gulf of Mexico.

$2.3B FPSO Order Goes to Keppel Share your comments
Tuesday, May 11, 2021Keppel O&M is carrying out the project at multiple locations.

Will Redistricting Complicate Biden Oil and Gas Tax Proposal? Share your comments
Monday, May 10, 2021Here is a preview of what to watch this week in the oil and gas markets.

Half of Shell Energy Mix to Be Clean Next Decade Share your comments
Monday, May 10, 2021Royal Dutch Shell Plc's head expects clean energy to make up half of the company's energy mix 'somewhere in the next decade.'

BHP Caribbean Project Starts Production Share your comments
Friday, May 07, 2021The shallow-water project is located within the Greater Angostura Field.


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Finance and Investing

SLB-Backed Arabian Drilling Planning Saudi IPO Share your comments
Tuesday, May 04, 2021Arabian Drilling Co is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter.

Exxon Earns $2.7B in First Quarter Share your comments
Monday, May 03, 2021Exxon Mobil Corporation (NYSE: XOM) has announced estimated first quarter 2021 earnings of $2.7 billion.

Chevron Posts Bumper Cash Flow Share your comments
Friday, April 30, 2021Chevron Corp. generated the most free cash flow since the pandemic emerged as economies clawing their way out of more than a year of lockdowns and paralysis burn more fuel.

Total Profit up to Pre-Pandemic Levels Share your comments
Thursday, April 29, 2021Total SE's profit surged by more than expected in the first quarter, making it the latest oil major to see earnings return to pre-pandemic levels.

Shell Profit Surges More Than Expected Share your comments
Thursday, April 29, 2021Royal Dutch Shell Plc took the opportunity to pay down its heavy debt burden as profit surged by more than expected in the first quarter.

Big Oil Sees Cash Rolling In Share your comments
Monday, April 26, 2021After one of the most difficult years in the oil industry's history, crude prices have recovered and major producers are finally generating spare cash.


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Company Operations

Equinor Fire Investigations Concluded Share your comments
Thursday, May 13, 2021Equinor's (NYSE: EQNR) internal investigations following fires at Hammerfest LNG and Tjeldbergodden have now been concluded.

New CFO at Petrofac
Wednesday, May 12, 2021Petrofac Limited has announced that its chief financial officer, Alastair Cochran, has advised the board of his intention to leave and take up a new role outside the group on September 1.

Pemex Delays Payments to Private Partners Share your comments
Tuesday, May 11, 2021Petroleos Mexicanos is racking up millions of dollars in late payments to oil companies as it struggles to generate cash.

Wolford Joins Diamond Offshore Share your comments
Tuesday, May 11, 2021Diamond Offshore Drilling has named a new president and CEO, and its board has elected a new chairman.

Petrofac Nets BP GTA Deal Share your comments
Monday, May 10, 2021Petrofac (LON: PFC) has announced that it has secured a contract with BP (NYSE: BP) to develop operational procedures for its Greater Tortue Ahmeyim (GTA) Project in Mauritania and Senegal.

Petronas Galeri Ceases Operations Share your comments
Sunday, May 09, 2021Petronas has announced that Galeri Petronas has ceased to operate as a public gallery following a realignment of its operating model to adapt to the changes brought about by the Covid-19 pandemic.


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