Oil & Gas News

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Gulf Coast May Not See Gasoline Price Surge

Industry Headlines

India Oil Demand Spared 2020 Collapse Share your comments
Tuesday, May 11, 2021The brutal Covid-19 wave sweeping across India tallying grim daily records has surpassed the severity of the 2020 outbreak.

Oil Down as Inflation Fears Erode Market Confidence Share your comments
Tuesday, May 11, 2021Oil fell with global equities after a recent rally that has taken some commodities to record high levels brought on concerns over inflation.

Shelf Drilling Sees Encouraging Signs Share your comments
Tuesday, May 11, 2021Shelf Drilling is seeing encouraging signs of an improving jack-up market with the recent recovery and stabilization of the oil price, the company's chief executive officer, David Mullen, has revealed.

OGA Warns UK Could Face Higher Decom Costs Share your comments
Tuesday, May 11, 2021The OGA has published its new decommissioning strategy, which stresses that the market could face higher decommissioning costs if action is not taken to improve commercial practices.

Gulf Coast May Not See Gasoline Price Surge Share your comments
Tuesday, May 11, 2021Texas, Louisiana, Mississippi, Alabama, and Florida may not see a gasoline price surge following the Colonial Pipeline cyberattack.

Oil Prices Edge Upward and Gasoline Rally Sputters Share your comments
Monday, May 10, 2021Colonial Pipeline now sees service mostly restored by the end of this week.


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Exploration

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.

Chevron Awards GOM Services Contract Share your comments
Friday, May 07, 2021Worley will establish a subsea tieback development scheme for the Ballymore field.

Canadian Firm Spuds Onshore Namibia Well Share your comments
Thursday, May 06, 2021ReconAfrica has begun drilling its second well in the Kavango Basin in northeastern Namibia.

Haynesville Shale Operator Awards Gas Frac Fleet Contract Share your comments
Wednesday, May 05, 2021The 100% natural gas-fueled frac fleet deployment is slated to begin in early 2022.

Offshore Drilling Contractor Completes Reorganization Share your comments
Tuesday, May 04, 2021Valaris Limited has emerged from Chapter 11 bankruptcy.


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Production

$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.

Seadrill Wins Contract to Support Pioneering GOM Project Share your comments
Thursday, May 06, 2021Talos Energy has contracted a Seadrill drillship for the Tornado Attic well in the deepwater Gulf of Mexico.

Total Brings Offshore Angola Project Online Share your comments
Thursday, May 06, 2021Total (NYSE: TOT) has announced the start of production from the Zinia Phase 2 short-cycle project offshore Angola.

Baker Hughes Wins Brazil Subsea Contract Share your comments
Tuesday, May 04, 2021Petrobras has awarded Baker Hughes a subsea oilfield equipment contract. PHOTO SOURCE: Baker Hughes


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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

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.

Applications Open for North Sea Greenhand Program Share your comments
Friday, May 07, 2021Recruitment company Atlas Professionals is now accepting applications for its Greenhand Program.

Marathon Drops Aircraft Leases and Boosts Debt Focus Share your comments
Thursday, May 06, 2021Marathon Oil Corp. is giving up its corporate aircraft as the shale driller escalates cost cuts.

$2.9B Deal to Expand Marcellus Presence for EQT Share your comments
Thursday, May 06, 2021EQT's CEO said the deal marks "an attractive entry into the Northeast Marcellus."

Shelf Drilling Bags New Deals Share your comments
Thursday, May 06, 2021Shelf Drilling, Ltd. (OSE: SHLF) announced Thursday that it has secured a ten-year contract extension for the High Island IX jack-up rig in direct continuation of its current contract in the Arabian Gulf.


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