FEATURED STORY
Further OPEC+ Production Cuts Are Still on the Table
Friday June 02, 2023
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'Macroeconomic headwinds are putting significant downward pressure on oil markets'.
Industry Headlines
Oil Rises to Settle Above $71
Friday, June 02, 2023Oil climbed alongside risk assets, with attention focusing on this weekend's OPEC+ meeting in Vienna.
Hourly Pay for Shale Workers Tops $43
Friday, June 02, 2023Wages for US oil workers climbed above $43 an hour for the first time ever.
Further OPEC+ Production Cuts Are Still on the Table
Friday, June 02, 2023'Macroeconomic headwinds are putting significant downward pressure on oil markets'.
API Announces Upcoming Inspection Training Courses
By API As a global leader in the natural gas and oil industry for more than a century, API, through its API-U division, provides expert training to industry personnel around the world.
India to Boost Renewables Capacity, Avoid New Coal Plants
Friday, June 02, 2023India plans no new coal power plants in the next five years.
Aramco Holds Talks with Turkish Firms on $50B Planned Projects
Friday, June 02, 2023Aramco met with Turkish contractors to discuss $50 billion of potential projects in the Gulf kingdom.
Oil Rises Alongside Equity Markets
Thursday, June 01, 2023Oil jumped alongside broader equity markets, with traders embracing risk assets and largely overlooking a bearish US stockpile report.
Key Milestone Hit Towards Potential First Ever GOM Offshore Wind Lease Sale
Thursday, June 01, 2023BOEM described the move as a key milestone towards the potential first ever offshore wind lease sale in the GOM.
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Most Popular Articles
Exploration
TGS, PGS, Schlumberger to Start 3D Seismic Survey Off Malaysia
Wednesday, May 31, 2023TGS, in partnership with PGS and Schlumberger, has secured pre-funding for a 2,658 square mile multi-client 3D seismic survey offshore Malaysia.
China Is Drilling a 10K Meter Deep Hole Into Earth's Crust
Wednesday, May 31, 2023Chinese scientists have begun drilling a 10,000 meter hole into the Earth's crust.
Aker BP Makes Significant Oil Find Offshore Norway
Friday, May 26, 2023Aker BP said the discovery enhances the resource base for the Yggdrasil development.
Petrobras Blocked from Drilling at Key Offshore Exploration Zone
Thursday, May 18, 2023Brazil's environmental authority has rejected Petrobras' request to drill its first well at an offshore oil frontier known as the Equatorial Margin.
Trinity Spuds Jacobin Onshore Well
Thursday, May 18, 2023Trinidad and Tobago-focused Trinity Exploration & Production has started drilling of the Jacobin prospect.
Invictus Strikes Oil, Gas in Zimbabwe
Tuesday, May 09, 2023The finds could pave the way for the first gas production in Zimbabwe.
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Production
ADNOC Drilling Beefs Up Hybrid Land Rig Fleet
Friday, June 02, 2023According to its website, ADNOC Drilling's rig fleet has grown fourfold in 22 years.
Kinder Morgan to Expand Gas Capacity at Texas Gulf Coast Facility
Friday, June 02, 2023Kinder Morgan will expand the working gas storage capacity at its Markham storage facility.
Exxon Bets New Ways to Frack Can Double Oil Pumped from Shale Wells
Thursday, June 01, 2023'There's just a lot of oil being left in the ground'.
Argentina's Vaca Muerta Could Reach 1MMbpd Output by 2030
Thursday, June 01, 2023The projection assumes that takeaway capacity and rig availability do not limit Vaca Muerta's growth.
Will OECD or OPEC Produce More Petroleum in 2023?
Wednesday, May 31, 2023Who will produce more petroleum and other liquids this year?
TotalEnergies Receives 20-Year License Renewal for Nigerian Block
Tuesday, May 30, 2023The license extension follows the settlement of a payment row with partners.
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Finance and Investing
Equinor Regains $108MM Shares in Buyback's Second Tranche
Thursday, June 01, 2023Equinor bought almost 2.55 million own shares on the Oslo Stock Exchange for an average price of about $27.
EMEA Oil and Gas Firms to Maintain Robust Free Cash Flows: Fitch
Wednesday, May 31, 2023Fitch expects prices to moderate but still sees robust cash in the near term for most EMEA oil and gas firms.
Tsakos Posts 28-Fold Rise in Quarterly Profit Year on Year
Wednesday, May 31, 2023The energy carrier reported $177.458 million in quarterly net income driven by strong charter rates.
Saudi Net Reserves Fall to $410B
Monday, May 29, 2023Saudi Arabia's foreign reserves fell in April to the lowest in more than 13 years.
ROK's Debt Down Over Four Times at $8.3MM
Monday, May 29, 2023ROK paid down $27 million in net debt in the first quarter.
ConocoPhillips Preempts TotalEnergies' Sale of Surmont
Monday, May 29, 2023ConocoPhillips is acquiring TotalEnergies' Surmont stake for 100 percent ownership.
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Company Operations
Woodside Awards Contracts for Decommissioning of Australia Fields
Friday, June 02, 2023The decommissioning involves subsea infrastructure at the Enfield, Griffin, Stybarrow and Echo Yodel oil and gas fields.
Chevron to Have Wastewater Pipeline for Permian Operation
Friday, June 02, 2023Chevron has commissioned the construction of a pipeline to dispose of wastewater from its extraction activities in the Permian.
USA Steel Major Taps ExxonMobil for Carbon Capture
Friday, June 02, 2023The deal with Nucor raises ExxonMobil's carbon capture commitments involving customers to five million mtpa.
Offshore Safety Awards Finalists Unveiled
Thursday, June 01, 2023Offshore Energies UK and Step Change in Safety have unveiled the finalists of The Offshore Safety Awards 2023.
TotalEnergies and TES Partner on eNG Plant in the USA
Thursday, June 01, 2023TotalEnergies has formed a pact with Tree Energy Solutions to develop an e-natural gas production facility in the United States.
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