Oil & Gas News

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What Drives Baby Boomers in Oil, Gas?

Industry Headlines

Iran Rules Out OPEC Deal As Russia, Saudi Push For Oil Output Hike
Tuesday, June 19, 2018 Iran says OPEC is unlikely to reach a deal on oil output this week.

Source: Anadarko Staff Under Lock-Down In Mozambique After Attacks
Tuesday, June 19, 2018 Anadarko has placed staff working on a LNG plant in northern Mozambique under 'lock-down.'

Louisiana Firm Wants to Make Safety More Fashionable
Tuesday, June 19, 2018 Ill-fitting - and unsafe - flame-resistant clothing: another proverbial glass ceiling this woman-owned business seeks to shatter. IMAGE SOURCE: HauteWork

What Drives Baby Boomers in Oil, Gas?
Tuesday, June 19, 2018 Rigzone's latest Ideal Employer Survey outlines key generational differences among baby boomer, Gen x, and millennial oil and gas pros.

Scottish Government Wins Fracking Case Against Ineos
Tuesday, June 19, 2018 Scotland's highest court has ruled in favor of a government ban on fracking which had been challenged by Ineos.

Crude Slips on US-China Trade Spat, Possible OPEC Output Boost
Tuesday, June 19, 2018 Crude dropped as an escalating trade war between the world's two largest economies imperiled energy demand.

Continental Resources CEO Harold Hamm Pulls Out Of OPEC Meeting
Monday, June 18, 2018 Harold Hamm, founder and CEO of Continental Resources, has canceled a scheduled appearance at an OPEC event this week, a company spokeswoman says.

OPEC Aims for Modest Output Hike to Overcome Iran's Dissent
Monday, June 18, 2018 OPEC is discussing a relatively modest production increase before its meeting in Vienna this week.

Shell Seen Rediscovering Its Swagger in Texas Shale Oil Country
Monday, June 18, 2018 Shale oil hasn't always been Royal Dutch Shell Plc's best friend, but they’re working on the relationship.

Oil Climbs as OPEC Producers Discuss Size of Output Increase
Monday, June 18, 2018 Crude climbed as traders weigh signals from OPEC producers on the potential size of an output increase.


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Exploration

Norway Awards Oil Permits To 11 Firms In Arctic Licensing Round
Monday, June 18, 2018 Oslo believes the Arctic has the greatest potential for significant new discoveries.

Congo Republic To Launch Call For Oil License Tenders In September
Wednesday, June 13, 2018 Congo Republic will open a call for oil license tenders in September followed by a promotion campaign at an oil conference in South Africa in November.

Exxon Starts Drilling At Offshore Guyana Projects
Tuesday, June 12, 2018 ExxonMobil says it started development drilling in three offshore Guyana projects.

Algeria Sees Energy Law Amendments In Early 2019
Friday, June 08, 2018 Long-awaited amendments to Algeria's energy law are expected to be finalized by early next year, Energy Minister Mustapha Guitouni says.

Equinor Makes 'Commercial' North Sea Discovery
Friday, June 08, 2018 Equinor Energy AS, operator of production license 167, discovers oil at wildcat well 16/1-29 S in the central part of the North Sea.

Papua New Guinea Well Hits Gas
Thursday, June 07, 2018 The Kimu 2 appraisal well, located in the forelands region of Papua New Guinea, encounters gas in the target Alene reservoir.


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Production

Iran Says South Pars Not Affected By US Actions, Upgrading Oilfields
Tuesday, June 19, 2018 The possible withdrawal of Total from South Pars gas field has not slowed down the project, a senior Iranian official says.

Norway's Oil Production Falls To Six-Year Low In May
Tuesday, June 19, 2018 Norway's monthly oil output fell to a six-year low in May.

Total To Start Uganda Oil Production In 2021 At The Earliest
Tuesday, June 19, 2018 Total says it expects to start producing oil in Uganda in 2021 at the earliest.

Report: Permian, Marcellus & Utica to Supply 55% of N. American Gas by 2030
Thursday, June 14, 2018 A report by McKinsey Energy Insights projects the three shale plays to drive supply.

China's CNOOC Sees Ugandan Oil Production Starting In 2021
Wednesday, June 13, 2018 Oil production in Uganda is likely to start in 2021 at the earliest, China's CNOOC said, giving a later date than the government's 2020 target.

Russia Is Said to Seek Oil-Cuts Rollback for Most OPEC Nations
Tuesday, June 12, 2018 Russia plans to propose that OPEC and its allies be allowed to return production to October 2016 levels.

Russia Said to Boost Oil Output as Commitment to OPEC Cuts Wanes
Monday, June 11, 2018 Russia is showing signs of weakening its commitment to oil-supply cuts as production rises before crucial talks with OPEC about the future of the agreement.

Official: Italy's ENI On Track To Double Ghana Gas Output
Friday, June 08, 2018 ENI is on track to deliver the first gas from its Ghana operations this month.

Possible To Reduce Groningen Gas Output Faster - Dutch Minister
Thursday, June 07, 2018 Production at the Groningen natural gas field could be reduced faster than planned.


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Finance and Investing

Brookfield CEO Says He May Consider Trans Mountain Investment
Friday, June 15, 2018 Brookfield Asset Management Inc., Canada's largest alternative asset manager, may consider investing in the Trans Mountain pipeline - if it would produce an attractive return.

Source: Activist Fund Oasis Takes Stakes in Japan's Idemitsu & Showa Shell
Friday, June 15, 2018 Oasis Management has taken stakes in Japanese oil refiners Idemitsu Kosan Co Ltd and Showa Shell Sekiyu, keen to encourage a proposed merger that has been opposed by Idemitsu's founding family.

Sources Say ExxonMobil to Take Baby Steps to Expand Oil Trading Unit
Tuesday, June 12, 2018 ExxonMobil is dipping its toe in the world of oil trading, hiring executives and showing an appetite for expanding its operations.

Russia's Gazprom Neft Says Q1 Earnings Up 12.5% Y-o-Y
Tuesday, May 29, 2018 Russia's Gazprom Neft, the oil arm of gas giant Gazprom, says its first-quarter net income rose by 12.5% year-on-year.

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.


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Company Operations

Icahn Is Said to Have Won Control of Board at SandRidge
Tuesday, June 19, 2018 Activist investor Carl Icahn has won control of SandRidge's board based on preliminary results, according to sources.

Equinor Hands $3.7B Deals To Schlumberger, Halliburton, Baker Hughes
Monday, June 18, 2018 Equinor has awarded drilling and well service contracts worth 30 billion Norwegian crowns ($3.68 billion).

Cox Oil to Buy Energy XXI Gulf Coast for $322 Million
Monday, June 18, 2018 Cox Oil snaps up Energy XXI Gulf Coast for $322 million, a 21% premium to its June 15 share price.

Chevron Names Brazil Chief To Lead Venezuela Operations After Arrests
Monday, June 18, 2018 Chevron has permanently assigned its Brazil country chief to run its Venezuelan operations.

Union Cleared To Strike Over Black Employees' Scheme At S. Africa's Sasol
Thursday, June 14, 2018 South African government mediators cleared the Solidarity trade union to strike in a dispute with Sasol.

Venezuela Appoints Bank Exec Medina As Oil Company CFO
Wednesday, June 13, 2018 The Venezuelan government has appointed a new chief financial officer for PDVSA.


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