FEATURED STORY
Global Upstream Project Delivery 'Finally Hitting the Mark'
Tuesday August 14, 2018
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Global upstream project delivery is 'finally hitting the mark', according to Wood Mackenzie.
Industry Headlines
Oil Edges Up as China,US Set Trade Talks but Markets Wary of Slowing Demand
Thursday, August 16, 2018 Oil prices on Thursday clawed back some of the previous day's losses.
Oil Tumbles on Surprise Build in US Crude Inventories
Wednesday, August 15, 2018 Oil futures slide, with U.S. crude settling 3 percent lower after government data showed a surprise weekly increase in domestic crude stockpiles, compounding worries about the global economic growth outlook.
Exec: Upstream Culture Looking More Downstream
Wednesday, August 15, 2018 Pressure to drive down breakeven cost contributes to upstream culture shift.
Diamondback's Energen Acquisition Will Create Synergies in Permian
Wednesday, August 15, 2018 Diamondback's purchase of rival Energen signifies a move toward consolidation, according to Rystad Energy.
Analysts: Oil Price Rise to Drive Up Drilling Globally
Wednesday, August 15, 2018 The rise in oil prices will continue to drive up drilling activity globally over the second half of the year and 2019, according to oil and gas analysts at Fitch Solutions Macro Research.
Union, Total to Hold Discussions Thursday
Wednesday, August 15, 2018 UK union Unite will hold discussions with Total on August 16 to try and reach a resolution to a dispute which has seen Unite carry out strikes on the Alwyn, Dunbar and Elgin rigs in the North Sea.
Billionaires Throw Weight Behind Oil Rally
Wednesday, August 15, 2018 The recovery in the oil industry is attracting some of the most recognized billionaires in money management.
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Most Popular Articles
Exploration
Reduced Royalty Rates ‘Will Lead to Even Greater Increase in GOM Activity’
Thursday, August 16, 2018 Reduced royalty rates will lead to an even greater increase in activity in the Gulf of Mexico, according to the Louisiana Mid-Continent Oil and Gas Association President Chris John.
Dorado-1 'has Created Big Exploration Buzz around Perth'
Thursday, August 16, 2018 The Dorado-1 discovery offshore Australia 'has created a big exploration buzz around Perth,' according to Wood Mackenzie's Australasia Upstream Senior Analyst Daniel Toleman.
Oil Companies Make Few Bids In US Offshore Lease Auction
Wednesday, August 15, 2018 Oil companies bid on less than 1% of the parcels offered in a sweeping US auction of Gulf of Mexico exploration leases.
Savannah Makes Oil Discovery Onshore Niger
Wednesday, August 15, 2018 Savannah Petroleum plc makes an oil discovery at the Eridal-1 exploration well, which is situated onshore Niger.
Eni Plans More Offshore, Onshore Egypt Drilling
Tuesday, August 14, 2018 Eni has further strengthened its position in Egypt.
Talos Energy Wins Discovery Award for 2017 Offshore Mexico Find
Wednesday, August 08, 2018 Pictured l-r are: Loren Long, Vice President Mexico, Talos Energy; Tom Wilker, SVP Subsurface, Wood Mackenzie; Timothy Duncan, President & CEO, Talos Energy; and John Parker, Executive Vice President Exploration, Talos Energy.
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Production
Saudi Cuts Oil Output As OPEC Points To 2019 Surplus
Monday, August 13, 2018 OPEC forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production.
Continental Resources Sees 15-20 Pct Output Growth in 2019
Wednesday, August 08, 2018 A large portion of the company's growth is focused on its SpringBoard development in Oklahoma's SCOOP formation.
US Natgas Output, Demand Seen Rising to Record Highs in 2018
Tuesday, August 07, 2018 U.S. dry natural gas production should rise to an all-time high of 81.10 billion cubic feet per day (bcfd) in 2018.
US Cuts 2018 Crude Oil Production Growth Forecast
Tuesday, August 07, 2018 U.S. crude oil production in 2018 was expected to grow at a slower rate than previously forecast amid lower crude prices according to a monthly U.S. government report.
Genel Energy Sees Significant Output Boost in 2019
Tuesday, August 07, 2018 Iraqi Kurdistan-focused Genel Energy is likely to significantly increase its oil production guidance next year, Chief Financial Officer Esa Ikaheimonen said.
EOG Sees Permian Hydraulic Fracturing Work Slowing in 2nd Half
Friday, August 03, 2018 Activity in the Permian Basin, which includes the Delaware, has outpaced pipeline takeaway capacity in recent months.
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Finance and Investing
Sources: US Directional Oil And Gas Drilling Firm SDI Seeking Buyer
Thursday, August 09, 2018 SDI is being offered to potential buyers at a valuation of more than $500 million, sources familiar said.
Azeri Oil Fund SOFAZ Reports 9% Rise In Assets To $38.04B
Tuesday, July 17, 2018 Azerbaijan's state oil fund SOFAZ says its assets rose by more than 9% year on year to $38.04 billion as of July 1.
Russian Lawmakers Approve Profit-Based Taxation For Oil Production
Thursday, July 05, 2018 The lower house of Russian parliament on Thursday approves in the third and final reading the new, profit-based, taxation for a limited number of oilfields.
EBRD Set To Approve TAP Loan In Boost For Developers -Sources
Wednesday, July 04, 2018 A major European development bank is likely to approve a loan for the Trans-Adriatic Pipeline (TAP) gas project on Wednesday, sources say.
Rig Firm Fred. Olsen Energy Fails To Win Waiver Extension
Monday, July 02, 2018 The creditors of Oslo-listed Fred. Olsen Energy did not agree to extend a waiver to some of the company's financial covenants that expired on Saturday, the Norwegian drilling rig contractor says.
Santos Set To Resume Dividends Earlier Than Expected, Shares Rise
Thursday, June 28, 2018 Australia's Santos Ltd says it will resume its dividend payment policy earlier than expected.
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Company Operations
DNO to Request Seats on Faroe Board
Thursday, August 16, 2018 DNO ASA reveals that it will request seats on the board of Faroe Petroleum plc.
Colombia's Ecopetrol Cuts Planned 2018 Spending To $3-3.5B
Wednesday, August 15, 2018 Ecopetrol says it will invest $3 billion to $3.5 billion during 2018.
Services Firm's Aberdeen Base Sees Increased Demand, Results in Office Move
Tuesday, August 14, 2018 Ampelmann says its Aberdeen base has experienced increased business demand in recent months.
ConocoPhillips to Cut US Staff in September
Monday, August 13, 2018 Oil and gas producer ConocoPhillips will be implementing modest workforce reductions.
'New Player' Enters Louisiana Austin Chalk
Monday, August 13, 2018 Amelia Resources has sold 40,000 net acres of newly acquired leases in Louisiana Austin Chalk and Louisiana-Mississippi (LAMS) Stack plays to an 'undisclosed US-based buyer.'
DNV GL Appoints Market Sector Leader for UK Onshore Gas Industry
Monday, August 13, 2018 DNV GL, a technical advisor to the global oil and gas industry, appoints Tim Roff as market sector leader for the UK onshore gas industry.
Neptune Energy to Acquire North Sea Interests from Apache
Monday, August 13, 2018 Neptune Energy Group agrees to acquire certain development and exploration assets in the UK Central North Sea from Apache North Sea Limited.
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