Oil & Gas News

FEATURED STORY
Supply Constraints Remain an Issue

Industry Headlines

Oil Fell Friday but Up on Week Share your comments
Friday, January 21, 2022Oil capped its fifth week of gains on continued signs of robust demand and strained crude supplies that have taken prices to seven-year highs.

Morgan Stanley Sees Brent Hitting $100 by 3Q Share your comments
Friday, January 21, 2022The bank expects stockpiles to slide even lower by the end of the year.

Supply Constraints Remain an Issue Share your comments
Friday, January 21, 2022Rigzone's regular market watchers look at supply constraints, the UAE oil infrastructure incident, calls for $100+ oil and more.

TotalEnergies to Pull Out of Myanmar Share your comments
Friday, January 21, 2022The French firm is among the companies leaving Myanmar.

EIA: U.S. Companies Completed 14 Petroleum Liquids Pipelines Share your comments
Friday, January 21, 2022According to the EIA, pipeline companies completed 14 petroleum liquids pipelines projects in the United States during 2021.

Shell Completes Deer Park Refinery Stake Sale To Pemex Share your comments
Friday, January 21, 2022Shell has completed the sale of its interest in Deer Park Refining Limited Partnership to Pemex.

Regulator Reveals Probable Causes For Fatal GOM Incident Share your comments
Friday, January 21, 2022The BSEE has released an investigation report on a fatal incident on the Fieldwood-operated platform in the GOM which occurred in May 2020.

Covid Outbreak On Atlanta Field FPSO Share your comments
Friday, January 21, 2022The Petrojarl I FPSO has been in the headlines recently. This time, Enauta informed of a Covid-19 outbreak aboard the floater.


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Exploration

Frontera Discovers Hydrocarbons in Ecuador Share your comments
Thursday, January 20, 2022Jandaya-1 was spud on December 7, 2021.

Frontier Exploration Drilling In 2021 Hits Lowest Point Ever Recorded Share your comments
Thursday, January 20, 2022Westwood Global Energy has found that frontier exploration drilling dropped to the lowest level ever recorded by the company.

Successful GOM Drilling Enables Low-Cost Development Share your comments
Tuesday, January 18, 2022Beacon Offshore has completed the drilling of the Winterfell-2 appraisal well located in the Green Canyon area of the Gulf of Mexico.

COPL Makes Significant Wyoming Oil Find Share your comments
Friday, January 14, 2022Conventional light oil discoveries of this magnitude have been rare in continental North America.

Eni Gets Five New Exploration Licenses In Egypt Share your comments
Wednesday, January 12, 2022Eni has been awarded five new exploration licenses by the Egyptian Ministry of Petroleum.

Chariot Makes Significant Gas Discovery Off Morocco Share your comments
Monday, January 10, 2022Chariot has made a significant gas discovery at the Anchois-2 well located on the Lixus license off Morocco.


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Production

Russia Seen Struggling to Keep Up With OPEC+ Hikes Share your comments
Tuesday, January 18, 2022Russia may be able to deliver only about half of its scheduled increases in crude production over the next six months.

Libya Says Oil Production Back to 1.2MM Barrels Share your comments
Monday, January 17, 2022Libya's oil production has picked up again.

Neptune Brings German Gas Well Online Share your comments
Monday, January 17, 2022'The Adorf Carboniferous field is one of the most exciting discoveries in Germany in recent years'.

Enauta Shuts Down Atlanta Field For Repairs – Again Share your comments
Friday, January 14, 2022Enauta has once again stopped production from the Atlanta field, this time for inspection and repair following a pipeline issue.

Libya Oil Output Rises to Almost 1MM Barrels Daily Share your comments
Thursday, January 13, 2022Libya's daily output, which averaged 1.2 million barrels a day last year, fell to as low as 700,000 barrels.

Libya Oil Output Rebounds Share your comments
Tuesday, January 11, 2022Libya's oil production has recovered to 1 million barrels a day.


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Finance and Investing

Traders Plow 500MM Barrels Back into Futures Market Share your comments
Friday, January 14, 2022Money is gushing back into oil.

Commodity Trader King Eyes $200 Oil Share your comments
Thursday, January 13, 2022King said oil could soon hit $100 and even $200 over the next five years.

Equinor Takes $1.8B Impairment on Mariner Share your comments
Wednesday, January 12, 2022Equinor ASA will make a $1.8 billion impairment on its Mariner field.

Phantom Weekend Price Plunge Catches Oil Traders off Guard Share your comments
Tuesday, January 11, 2022The weekend plunge was actually part of a testing regime by CME.

Mexico Cuts Pemex Debt Burden by $3.2B Share your comments
Monday, January 10, 2022Mexico's government said it had slashed Pemex's debt burden.

Shell Says Trading Results in Gas Stronger Share your comments
Friday, January 07, 2022Shell has a huge global portfolio of natural gas.


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Company Operations

USA Extends Protection Over Citgo for One Year Share your comments
Friday, January 21, 2022The U.S. Treasury Department banned transactions of a key bond issued by Venezuela's state-owned oil company for one year.

Enbridge Announces Executive Leadership Changes Share your comments
Friday, January 21, 2022Enbridge has announced several executive leadership changes.

PGS Secures Northern Lights Deal Share your comments
Friday, January 21, 2022Acquisition is scheduled to start in the second quarter of this year.

Baker Hughes Orders Surge 28 Percent Share your comments
Thursday, January 20, 2022Demand for Baker Hughes Co. energy-production gear climbed 28 percent.

Split Rock in Permian Expansion Share your comments
Thursday, January 20, 2022The assets are operated by a 'diverse group of top tier companies'.

Reuters Says Chesapeake Nears $2.4B Deal for Chief Oil Share your comments
Thursday, January 20, 2022A deal could be announced as soon as this week, Reuters said.

Heerema To Use Sleipnir For Installation Of Six Marjan Jackets Share your comments
Thursday, January 20, 2022Heerema has been awarded a contract to transport and install six large jackets within Package-1 of Saudi Aramco's Marjan Increment program.

Enauta Extends Charter Of Atlanta Field FPSO Share your comments
Thursday, January 20, 2022Enauta has signed agreements with Altera to extend the charter of the Petrojarl I FPSO working at the Atlanta field offshore Brazil.


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