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OPEC+ Gives Final Sign Off to Oil-Supply Boost

Industry Headlines

OPEC+ Gives Final Sign Off to Oil-Supply Boost
Saturday, June 23, 2018 OPEC and its allies gave the final sign-off to an oil-production increase, sealing a victory for Saudi Arabia and Russia.

OPEC Insights: Experts Concerned About Supply Gaps, Emerging Markets
Friday, June 22, 2018 Industry experts at the 174th OPEC Conference weigh in on the fate of world trade, emerging markets and a potential supply gap.

Big Oil Eyes US Minority Groups To Build Offshore Drilling Support
Friday, June 22, 2018 API is seeking to convince Hispanic and black communities to support the Trump administration's proposed expansion of offshore drilling.

Baker Hughes: US Oil Drillers Cut Rigs For First Time In 12 Weeks
Friday, June 22, 2018 US energy companies this week cut one oil rig, the first reduction in 12 weeks.

INWED18 Q&A: Female Engineers Share Their Views on the Sector
Friday, June 22, 2018 Rigzone highlights the journeys of three female engineers to celebrate International Women in Engineering Day.

OPEC Agrees Modest Hike In Oil Supply After Iran Softens Stance
Friday, June 22, 2018 OPEC agrees on a modest increase in oil production from July after its leader Saudi Arabia persuades arch-rival Iran to cooperate.

Oil Jumps As OPEC Agrees To Modest Output Hikes
Friday, June 22, 2018 Oil prices soared after oil producers agreed to modest crude output increases to compensate for losses in production at a time of rising global demand.

Trump's New Ocean Policy Emphasizes Energy Independence, Economic Growth
Thursday, June 21, 2018 The executive order is intended to promote energy security for America through job creation, economic activity and energy development.

East Libyan Forces Reclaim Key Oil Ports
Thursday, June 21, 2018 East Libyan forces say they have retaken the shuttered oil ports of Es Sider and Ras Lanuf.

BLOG: Examining the Issue of Bias in the Energy Industry
Thursday, June 21, 2018 Surveys reveal that Americans struggle with identifying facts from opinions in their news, and media bias is exacerbating the issue.


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Exploration

Kunama-1 Well in Niger Spudded
Friday, June 22, 2018 Savannah Petroleum plc says the third well in its current Niger drilling campaign, Kunama-1, has been spudded.

Equinor Receives PSAN Consent to Drill Barents Sea Well
Friday, June 22, 2018 Equinor Energy AS receives Petroleum Safety Authority Norway's consent for the exploration drilling of well 7324/3-1 in the Barents Sea.

NPD: There Is a Lot of Remaining Oil, Gas on the Norwegian Shelf
Friday, June 22, 2018 There is a lot of remaining oil and gas on the Norwegian Continental Shelf, according to the Norwegian Petroleum Directorate.

Brazil Government Eyes Nov 29 For Choice Pre-Salt Oil Auction
Thursday, June 21, 2018 Brazil's government is considering November 29 for a much-anticipated auction of choice oil blocks in the offshore Santos basin.

'Significant' Light Oil Column Interpreted in Onshore Argentina Well
Thursday, June 21, 2018 Echo Energy says a 'significant light oil column' has been interpreted in the EMS-1001 well onshore Argentina.

ExxonMobil Makes Oil Discovery Offshore Guyana
Thursday, June 21, 2018 The latest discovery reaffirms the Stabroek block's excellent exploration potential, says WoodMac.


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Production

Tenaris to Resume Operations at Texas Mill, Hire 150 Workers
Thursday, June 21, 2018 After years of inactivity due to the downturn, Tenaris has announced it will resume operations at a mill in Texas.

Iraq, Exxon Talks On Water Treatment Project End-BOC Director General
Wednesday, June 20, 2018 Iraq is no longer in talks with Exxon Mobil Corp for the oil major to build a giant water treatment facility.

WoodMac: New Regulations to Help Boost Brazil's Pre-Salt Oil Production
Wednesday, June 20, 2018 A new report by Wood Mackenzie finds that Brazil's new local content policy can speed up the deployment of FPSO units.

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.


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Finance and Investing

Equity Ramping Up to Target Unconventional Plays Including the Permian
Wednesday, June 20, 2018 Despite bottleneck woes, investors are opening their wallets for the latest wave of unconventional fever and the Permian in particular.

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.


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Company Operations

Libya's NOC Confirms LNA Control Of Oil Ports, Hopes For Quick Restart
Friday, June 22, 2018 The head of Libya's National Oil Corporation confirms that Khalifa Haftar's Libyan National Army has regained control of the key oil ports of Ras Lanuf and Es Sider.

Qatar May Increase Stake In Rosneft, But No Current Plans
Thursday, June 21, 2018 Qatar may consider increasing its stake in Rosneft at some point but there are no immediate plans to do so, Faisal Alsuwaidi, a Qatari representative on the Rosneft board of directors, says.

Analysts: SDX Energy 2018 Drilling Program 'Very Successful'
Thursday, June 21, 2018 SDX Energy Inc's 2018 drilling program has been 'very successful' to date, according to oil and gas analysts at Cantor Fitzgerald Europe.

Shell Completes $750MM Offshore Thai Field Stake Sale
Thursday, June 21, 2018 Shell Integrated Gas Thailand Pte Ltd and Thai Energy Company Ltd complete the sale of their 22.2222% interest in the Bongkot field and adjoining acreage offshore Thailand.

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).


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