Oil & Gas News

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Major LNG Buyers' Uncontracted Demand to Quadruple by 2030

Industry Headlines

Crude Oil Futures Falter
Tuesday, January 22, 2019 Two individuals notably absent from Swiss ski resort are making their mark.

Frac Water Demand in US Skyrockets
Tuesday, January 22, 2019 New research by Rystad Energy finds that the demand for frac water in the US has more than doubled since 2016.

Halliburton Receives International Gains to Close Out 2018
Tuesday, January 22, 2019 The oilfield services giant saw $5.9 billion in revenue in the fourth quarter of 2018.

Industry Confidence Keeps Rising
Tuesday, January 22, 2019 Industry confidence has risen again, according to a new report released Tuesday by oil and gas technical adviser DNV GL.

Crude Oil Uptick Continues
Monday, January 21, 2019 The February WTI posted a modest gain during abbreviated US holiday trading Monday.

Canadian Oil Surge Fails to Lift Producers
Monday, January 21, 2019 Alberta's crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil.

Oil is Going to be Very Much Demand Driven
Friday, January 18, 2019 Oil is going to be very much demand driven, according to Arqaam Capital.

US Drilling Slows Down, Oil Steadies Near 2-Month High
Monday, January 21, 2019 Oil steadied near a two-month high in New York amid a pullback in US drilling activity.

Oil Halts Gains Near 2-Month High
Tuesday, January 22, 2019 Oil halts gains near a 2-month high as investors weigh concerns over outlook for the global economy against the OPEC+ coalition's performance on pledged output cuts.


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Exploration

Offshore Gabon Seismic Extended
Monday, January 21, 2019 CGG is collecting more seismic data offshore Gabon. PHOTO SOURCE: CGG

Houston American Energy Completes Drilling of Well in San Andreas
Monday, January 21, 2019 The well is located in an area targeted as the exploration component of the San Andreas formation.

Mexican Driller Latina Is Said to Bid for Pemex Contract
Thursday, January 17, 2019 Latina Offshore is working along with one of the consortia invited by Pemex to submit offers for oil-services contracts, according to sources.

Eni Secures Two Deals for Oman Blocks
Monday, January 14, 2019 Eni on Monday announced it had entered into agreements with BP and Oman Oil Company Exploration and Production for two blocks in Oman.

Aker Bullish on Offshore Ghana
Friday, January 11, 2019 Phased development could deploy several production units, says CEO.

BP Plans to Drill 6 More Wells in Azerbaijan
Thursday, January 10, 2019 BP and its partners just spent $28 billion bringing a giant natural gas project in Azerbaijan online, and that may only be the start.


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Production

MEG Plans to Spend Less and Boost Oil Output
Friday, January 18, 2019 MEG Energy Corp. looks to be on its own again after Husky Energy Inc. pulled its hostile bid for the Canadian oil-sands producer.

Bureau Veritas Wins Offshore Norway Contract
Thursday, January 17, 2019 Bureau Veritas will provide second- and third-party inspection services for the Fenja development.

US Crude Oil Exports Continue to Grow
Thursday, January 17, 2019 The US DOI now reports that domestic crude production could surge to 14 MMbpd by 2020.

Largest Licensing Award on NCS
Wednesday, January 16, 2019 The Norwegian Ministry of Petroleum and Energy has offered 83 production licenses on the Norwegian Continental Shelf as part of its latest APA round.

2019 US Oil Output to Average 12MM Barrels Per Day
Wednesday, January 16, 2019 U.S. crude oil production will average 12.1 million barrels per day in 2019, according to the EIA's latest short-term energy outlook.

Norway Cuts Production Forecast to Lowest in 30 Years
Thursday, January 10, 2019 Norway's oil regulator reduced its forecast for production this year.


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Finance and Investing

Chesapeake Surges After Director Buys Shares
Wednesday, December 26, 2018 Chesapeake shares rose the most since February.

Hess Market Cap Plunges $1.5B
Monday, December 24, 2018 Hess tumbled the most in almost three years, wiping out $1.5 billion in market valuation.

South Sudan Sees $2B Investment as Start, Expects More in 2019
Wednesday, December 19, 2018 Recent pledges of $2 billion in investment for South Sudan's oil may be just the start, its petroleum minister says.

Drop in Crude to Test Big Oil's Devotion to Spending Discipline
Wednesday, November 14, 2018 The world's biggest oil companies have been saying that by keeping a tight rein on spending today, they'll be fortified against the next crude-price collapse.

Gastar Exploration Files for Chapter 11 Bankruptcy
Monday, October 29, 2018 The pure play Mid-continent energy company has entered into a restricting support agreement with its largest creditor and shareholder.

Private Equity Needs Long-Term Approach to Cash in on Shale
Monday, October 22, 2018 For private equity, the game plan for cashing in on the U.S. shale boom is shifting from quick flips to long-term commitments, according to one veteran energy investor.


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Company Operations

MEG to Cut Spending and Shuffle Board
Tuesday, January 22, 2019 Fresh off defeating a hostile takeover bid, MEG Energy is slashing capital spending and reviewing the makeup of its board.

Genel Buys Stakes in Chevron KRI Blocks
Tuesday, January 22, 2019 Genel Energy reaches an agreement to acquire stakes in the Chevron operated Sarta and Qara Dagh blocks.

US Drops 25 Oil and Gas Rigs This Week
Friday, January 18, 2019 This marks the third consecutive week of rig declines for the US.

Ensco and Rowan Extend Time to Decide on Merger
Friday, January 18, 2019 The two companies have convened and adjourned its general meeting in which they were scheduled to approve resolutions on their merger.

Saipem Bags Deals Worth Approximately $1.3B
Friday, January 18, 2019 Saipem has secured 2 EPIC contracts (Engineering, Procurement, Installation, Construction) with Saudi Aramco worth approximately $1.3 billion.

Shell Appoints New Upstream Director
Thursday, January 17, 2019 Shell appoints Wael Sawan as its new upstream director.

Atlas Professionals Buys Brander
Wednesday, January 16, 2019 Energy recruitment specialist Atlas Professionals acquires technical recruitment company Brander.


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