Oil & Gas News

Permian Frac Tracker Sees Bipolar Market

Industry Headlines

Oil Prices Mixed for the Week
Friday, August 23, 2019 WTI and Brent crude futures declined Friday, but the Brent managed to show a slight week-on-week increase.

US Oil, Gas Rig Count Plummets by 19
Friday, August 23, 2019 The U.S. dropped 16 oil rigs and three gas rigs for a net loss of 19 rigs, according to BHGE.

Texas Driller Sues US to Get Visa for Big-Game Hunter
Friday, August 23, 2019 Matador Resources Co. is suing U.S. immigration authorities to give the oil driller's $110,00-a-year big-game hunting expert a visa.

Chemists create new ways to move hydrocarbons through rock
By Aramco New Saudi Aramco acidizing system shows promise

$50 Oil Threatens Future Subsea Growth
Friday, August 23, 2019 2019 will mark the first time since 2014 the subsea market will have year-on-year growth, but declining oil prices could threaten this growth, according to Rystad Energy.

Oil Prices Falter Before Jackson Hole Speech
Thursday, August 22, 2019 WTI and Brent futures posted losses Thursday.

3Q is Key for 2019 Oil Balance
Thursday, August 22, 2019 The current quarter will be key in shaping the oil supply and demand balances for 2019, according to the latest outlooks from the world's three major oil-forecasting agencies.

Foreign Oil Firms Are Bailing on Canada
Thursday, August 22, 2019 Capital keeps marching out of Canada's oil industry.

Permian Frac Tracker Sees Bipolar Market
Friday, August 23, 2019 Firm monitors upstream oil and gas through the prism of hydraulic fracturing activity.



Sputnik Has High Chance of Commerciality
Wednesday, August 21, 2019 Equinor's recent Sputnik discovery has a 'high chance' of commerciality, according to Wood Mackenzie.

Equinor Makes Sputnik Oil Find
Tuesday, August 20, 2019 Equinor makes an oil discovery in the Sputnik exploration well offshore Norway.

South Sudan Makes New Oil Discovery in Adar
Monday, August 19, 2019 South Sudan has made a new crude find in the northern oilfields of Adar and plans production by the end of the year.

Lundin Makes Oil Discovery Offshore Norway
Monday, August 19, 2019 Lundin Norway AS makes an oil discovery offshore Norway.

High-Impact Discoveries Already Greater than 2018
Thursday, August 15, 2019 Sixteen discoveries estimated to be larger than 100 million barrels of oil equivalent were made in the first half of the year.

Pacific Drilling Rig Lands US Gulf Work
Tuesday, August 13, 2019 Pacific Drilling on Tuesday released its updated fleet status report, which includes a bit of work in the U.S. Gulf of Mexico. PHOTO SOURCE: Pacific Drilling



Half of Venezuela's Oil Rigs May Shut Down If US Waivers Lapse
Friday, August 23, 2019 A looming U.S. sanctions deadline is threatening to clobber Venezuela's dwindling oil-rig fleet and hamper energy production in the nation with the world's largest crude reserves.

Zohr Output Hits 2.7 Billion Cubic Feet Per Day
Thursday, August 22, 2019 Production from the Zohr field offshore Egypt has now reached more than 2.7 billion cubic feet per day.

Alberta Extends Oil Output Cuts to End of 2020
Wednesday, August 21, 2019 Canada's oil-rich province of Alberta is extending its output cuts by a year as delays to key pipelines threaten to prolong a glut of crude in the region.

Canada's Oil Industry Needs More Outlets
Friday, August 16, 2019 Canada needs new outlets for its oil production, particularly with such stagnant domestic consumption.

Who Leads the World's E&Ps in Production Growth?
Thursday, August 15, 2019 Rystad Energy ranks the world's E&Ps according to their production growth over the last five years.

$7.7B UKCS Project Achieves First Oil
Thursday, August 15, 2019 The Mariner field in the U.K. North Sea. PHOTO: Jamie Baikie and Michal Wachucik, Equinor ASA.


Finance and Investing

US Fracking Sector Disappoints in 2Q
Wednesday, August 21, 2019 A review of 29 fracking-focused oil and gas companies revealed 'meager' cash returns in the second quarter of 2019.

Newly-Formed Indianola Energy Gets $100MM Equity Commitment
Tuesday, August 20, 2019 U.S. investment firm Kayne Anderson has launched a new venture to pursue the acquisition and development of highly-proven resource plays in North America.

Shale Bond Buyers Get Picky
Tuesday, August 20, 2019 After years pouring funds into the shale boom, bond buyers are getting increasingly selective.

Hedge Funds Bet on Oil Rally
Monday, August 12, 2019 Hedge Funds were right on the money for a second straight week as oil gets pulled in opposite directions by Donald Trump and Saudi Arabia.

Oxy Begins Bond Sale to Fund Anadarko Deal
Tuesday, August 06, 2019 Occidental is selling $13 billion of debt to help finance its acquisition of Anadarko after receiving over $75 billion in orders for the deal at the peak, according to people familiar with the matter.

Wealth Fund's Bid to Dump Big Oil Now a Whimper
Tuesday, August 06, 2019 After revealing it wants to dump all oil stocks in a market-shattering bang in 2017, Norway's $1.1 trillion wealth fund's actual divestment could now be so small it hardly matters.


Company Operations

Saudi Aramco Awards 28-Jacket Project
Friday, August 23, 2019 A consortium of Larsen & Toubro and Subsea 7 subsidiaries has won an EPCI contract from Saudi Aramco.

Shell Subsea Contract Goes to TechnipFMC
Thursday, August 22, 2019 PowerNap will be a subsea tie-back to the Shell-operated Olympus production hub.

Drillinginfo Changes its Name to Enverus
Thursday, August 22, 2019 Drillinginfo has changed its name to Enverus in order to better reflects the company's identity.

US Oil and Gas Merger Deals Hit $9.8B in July
Thursday, August 22, 2019 $9.89 billion worth of oil and gas industry merger and acquisition deals were announced in the United States last month.

$3.6B ADNOC Contracts Go to Tenaris, Others
Wednesday, August 21, 2019 ADNOC awards contracts for casing and tubing.

Aramco Said to Pick Lazard and Moelis for IPO
Tuesday, August 20, 2019 Saudi Aramco has picked Lazard Ltd and Moelis and Co to advise on the oil giant's second attempt at the world's largest IPO, people with knowledge of the matter said.