Oil & Gas News

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White House Reacts to OPEC+ Move

Industry Headlines

Nord Stream Leaks Caused by Detonations Share your comments
Thursday, October 06, 2022Officials are analyzing evidence collected at the site.

Kiewit Comments on Texas Platform Incident Share your comments
Thursday, October 06, 2022'This week, we are conducting mandatory safety stand downs with all facility personnel'.

USA Denies Report of Plans to Change Venezuela Sanctions Policy Share your comments
Thursday, October 06, 2022'Our sanctions policy on Venezuela remains unchanged'.

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Aramco Jafurah Gas Field as Energy Game Changer
By Aramco Aramco plans to develop the Jafurah gas field, serving as a blueprint for the region to capitalize on its unconventional resources toward a cleaner energy.

White House Reacts to OPEC+ Move Share your comments
Thursday, October 06, 2022U.S. President Joe Biden is disappointed.

W. Australia Resource Sales Hit Record Highs For 4 Years Running Share your comments
Thursday, October 06, 2022Western Australia's resources sales have reached record levels for the fourth consecutive year on the back of the oil and gas industry.

REPowerEU, Inflation Reduction Act To Give Hydrogen A Boost Share your comments
Thursday, October 06, 2022Hydrogen is central to achieving net zero. This is particularly true in the most hard-to-decarbonize sectors, Wood Mackenzie said.

300+ Offshore Workers Back Strike Action Share your comments
Thursday, October 06, 2022The prospective industrial action will hit several platforms and rigs.


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Exploration

Top 20 Carnarvon Bedout Sub-basin Prospects Add Up to 1.5 bboe Share your comments
Wednesday, October 05, 2022Carnarvon Energy has highlighted its near-term drilling opportunities in the Bedout Sub-basin, with the top 20 prospects adding up to over 1.5 bboe.

Vaalco Completes One More Etame Field Well Share your comments
Wednesday, September 28, 2022Vaalco Energy has completed the drilling of the North Tchibala 2H-ST well in the Etame field offshore Gabon.

OMV Finds Hydrocarbons At Oswig Well Share your comments
Monday, September 26, 2022OMV has encountered hydrocarbons in the Oswig well and decided to drill a sidetrack well and perform a drill stem test.

Transocean Semi-Sub Rig Wins Deal Worth $437 Million Share your comments
Friday, September 23, 2022OMV and Wintershall Dea have awarded a drilling contract to the Transocean Norge semi-submersible rig worth $437 million.

Chevron Proceeds With Development Of Aphrodite Field Share your comments
Tuesday, September 20, 2022Chevron will be developing the Aphrodite field offshore Cyprus with drilling due to begin in the first half of 2023.

Majors Line Up for Latest Norway Licensing Round Share your comments
Wednesday, September 14, 2022Shell, TotalEnergies, ConocoPhillips and Equinor all applied for production licenses.


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Production

OPEC+ to Consider Cut of More Than 1MM Barrels Share your comments
Monday, October 03, 2022OPEC+ will consider cutting oil output by more than 1 million barrels a day, according to delegates.

OPEC+ Discusses Cutting Oil Output Share your comments
Thursday, September 29, 2022The Organization of Petroleum Exporting Countries and its allies will meet to decide November output levels on Oct. 5.

First Gas Flows From Hess-Operated Project In Malaysia Share your comments
Tuesday, September 27, 2022Hess has flown first gas from the North Malay Basin Phase 3 project in Block PM302, located 180 miles off Peninsular Malaysia.

UAE Accelerates Plan to Increase Oil Production Capacity Share your comments
Monday, September 19, 2022The UAE is pushing to sell more oil and natural gas while fossil fuel prices stay high.

Tailwind Starts Production From Evelyn Field Off UK Share your comments
Thursday, September 15, 2022Tailwind has produced first hydrocarbons from the Evelyn offshore field on September 3, 2022.

CNOOC Starts Production From Bohai Sea Oil Field Share your comments
Wednesday, September 14, 2022CNOOC Limited has started production from the Kenli 6-1 Oilfield 10-1 North Block Development Project in the Bohai Sea.


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Finance and Investing

No O&G Financing Would Be Road To Hell For America, Banks Say Share your comments
Monday, October 03, 2022Lenders can still finance new oil and gas development, but emissions goals mean the balance of their operations is shifting, banks claim.

Saudi Oil Driller IPO Covered Within Hours Share your comments
Wednesday, September 28, 2022Investors snapping up all shares on offer shows demand for Saudi IPOs remains strong.

Russia Oil-Price Cap Gets Polarizing Reviews Share your comments
Monday, September 26, 2022The price cap was a key talking point on day one of the Asia Pacific Petroleum Conference in Singapore.

Windfall Tax on UK Oil and Gas Producers to Top $30B Share your comments
Sunday, September 25, 2022The revenue will go toward offsetting the huge costs of subsidizing energy bills amid a cost-of-living crisis driven by soaring gas and power prices.

Talos To Buy EnVen Energy For $1.1 Billion Share your comments
Thursday, September 22, 2022Talos Energy has bought private U.S. Gulf of Mexico deepwater operator EnVen Energy for $1.1 billion.

TotalEnergies Sees EU Windfall-Tax Bill Topping 1B Euros Share your comments
Wednesday, September 21, 2022The European effort will 'exceed 1 billion euros', Chief Executive Officer Patrick Pouyanne said.


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Company Operations

After Poland, Equinor Agrees To Supply Gas To Switzerland Share your comments
Thursday, October 06, 2022Switzerland's Gaznat has signed a gas purchase agreement with Norwegian oil and gas major Equinor for a period of five years.

Valaris Announces Several Oil Major Deals Share your comments
Thursday, October 06, 2022Valaris Limited (NYSE: VAL) has announced several new contracts and contract extensions.

Lamprell Loads Out Second IMI Jack-up Rig Share your comments
Thursday, October 06, 2022Lamprell and IMI have completed the load-out and float-off of the second jack-up drilling unit being constructed for IMI.

TGS Completes 2022 NOAKA OBN Seismic Survey Share your comments
Thursday, October 06, 2022Global provider of energy data and intelligence TGS completed its 2022 NOAKA Ocean Bottom Node seismic survey.

Crowley Buys Land For Salem Wind Terminal Share your comments
Thursday, October 06, 2022Crowley has completed the buy of 42 acres in Salem, Massachusetts, for the development of the state's second major offshore wind port terminal.

Enbridge Names New President and CEO Share your comments
Wednesday, October 05, 2022Enbridge Inc (NYSE: ENB) has announced Al Monaco's retirement.

Heerema Installs Final Topside At Tyra Field Share your comments
Wednesday, October 05, 2022Heerema Marine Contractors has installed TotalEnergies' biggest Tyra II topside on the last remaining bare jacket at the Tyra field.


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