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Subsea 7 Makes $2B Hostile Bid To Break Up Mcdermott's U.S. Deal
Monday, April 23, 2018 Offshore oil services firm Subsea 7 makes an unsolicited offer for U.S. rival McDermott for about $2 billion, potentially breaking up the U.S. company's agreed deal with Chicago Bridge & Iron.
More Countries Needed In OPEC, Non-OPEC Pact - UAE's Al Mazrouei
Friday, April 20, 2018 Further oil producers need to join OPEC and non-OPEC producers in curbing supply, UAE oil minister Suhail Mohamed Al Mazrouei tells a German newspaper.
Trump Slams OPEC as Cartel Pushes Harder for High Oil Prices
Friday, April 20, 2018 Russia's energy minister said that OPEC production cuts have helped U.S. oil producers.
Oil Shrugs Off Trump Tweet to Rise for a Second Straight Week
Friday, April 20, 2018 Oil rose for a second straight week.
Does a Digitization Domino Effect Await Oil and Gas?
Thursday, April 19, 2018 AspenTech survey reveals major obstacles in oil and gas firms' quest to digitize.
Analysts: New Find Won't Yield 'Significant Economic Windfall' for Bahrain
Thursday, April 19, 2018 Oil and gas analysts at BMI Research do not expect Bahrain's recent discovery of a large oil and gas field to yield a 'significant economic windfall' for the country.
BLOG: Upstream Companies, Is Your Portfolio in Shambles?
Thursday, April 19, 2018 A report by Deloitte identifies how E&Ps can build a portfolio to fit the future of their business.
Oil Rally Stalls as OPEC is Said to See Goal Nearly Accomplished
Thursday, April 19, 2018 Oil's rally stalled as OPEC and allied crude producers gathered in Saudi Arabia amid signs a worldwide glut has been mostly eradicated.
Focus On: New Products & Services
Ex-Venezuelan Official Pleads Guilty in US Corruption Case
Thursday, April 19, 2018 A former Venezuelan official on Thursday pleaded guilty to taking part in a scheme involving bribes paid by U.S. companies to Venezuelan officials to secure energy contracts and speed up payments.
Liberian President Weah Orders Probe of Exxon 2013 Oil Deal
Wednesday, April 18, 2018 Liberian President George Weah orders a probe into ExxonMobil's 2013 deal for drilling rights off the West African nation's coast.
Barclays: US Onshore Spending Expected to Rise This Year
Wednesday, April 18, 2018 Barclays anticipates an increase in onshore upstream spending.
Oil Rises Amid Shrinking US Surplus as OPEC Prepares to Gather
Wednesday, April 18, 2018 Crude climbed to the highest since 2014.
CAPEX Among World's Largest O&G Firms to Rise to Just Under $500B in 2018
Tuesday, April 17, 2018 Capital expenditure (CAPEX) among the world's largest oil and gas companies is due to increase 11.5% year-on-year in 2018 to just under $500 billion, according to oil and gas analysts at BMI Research.
Italy's Eni Plans Investments In Algeria Worth Billions In Next Three Years
Tuesday, April 17, 2018 Eni plans billions of investments in Algeria over the next 3 years, the company's CEO says.
Zinke Says Won't Lower Oil, Gas Offshore Royalty Rates 'At This Time'
Tuesday, April 17, 2018 Interior Secretary Ryan Zinke says he will not lower royalty rates for offshore oil and gas lease sales 'at this time.'
Under Military Rule, Venezuela Oil Workers Quit In A Stampede
Tuesday, April 17, 2018 Thousands of oil workers are fleeing the state-run oil firm under the watch of its new military commander.
Venezuela Arrests Two Chevron Employees Amid Oil Industry Purge
Tuesday, April 17, 2018 Venezuela arrests two Chevron executives.
Crude Gains as Industry Is Said to Report Surprise Crude Draw
Tuesday, April 17, 2018 Oil edged higher after an industry report showed US crude stockpiles and supplies at the nation's largest storage hub both declined.
Trump Energy Aide to Return to Lobbying Firm
Tuesday, April 17, 2018 Michael Catanzaro, a chief architect of President Donald Trump's energy policy, is leaving the White House.
Kuwait Says Market Conditions To Determine Any Extension Of OPEC-Led Cuts
Monday, April 16, 2018 Kuwait's oil minister says the pact between OPEC and non-OPEC producers to curb supplies will run to the end of the year and market conditions will determine whether to extend it further.
Wellbeing Provider Launches Sobriety Course Tailored For Oil, Gas Workers
Monday, April 16, 2018 London, Harley Street-based wellbeing provider The Sober Advantage launches a new sobriety course specifically tailored for oil, gas and construction professionals.
Oil Drops As Syria Risk Seen Muted After Weekend Air Strikes
Monday, April 16, 2018 Oil prices dropped as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend.
IEA Says 'Mission Accomplished' For OPEC As Oil Stocks Shrink
Friday, April 13, 2018 OPEC and its allies appear to have accomplished their mission of bringing global oil stocks to desired levels, the International Energy Agency says.
Becoming a 'Permian-Bitcoin' Billionaire May Be Just a Dream
Friday, April 13, 2018 Could turning flared gas in Texas' Permian Basin into electricity to power bitcoin mining be a solution for shale producers?
Baker Hughes: US Drillers Add Oil Rigs For Second Consecutive Week
Friday, April 13, 2018 US energy companies added oil rigs for a second week in a row.
Oil Posts Biggest Weekly Gain Since July Amid Global Conflict
Friday, April 13, 2018 Crude posted its largest weekly gain since July as geopolitical tensions threatened to accelerate the tightening of global supplies.
Interest in ADNOC Licensing Round Will Likely be 'Substantial'
Thursday, April 12, 2018 Interest in Abu Dhabi National Oil Company's first competitive exploration and production licensing round will likely be 'substantial', according to oil and gas analysts at BMI Research.
Shell Sees No Risk Of 'Stranded Assets' As Reserves Life Shrinks
Thursday, April 12, 2018 Royal Dutch Shell says it sees little risk of having 'stranded assets' in its portfolio as the world shifts to low carbon energy.
OPEC Sees Oil Markets Tighten Further Even As US Shale Booms
Thursday, April 12, 2018 The global oil stocks surplus is close to evaporating, OPEC says.
BLOG: Will We See More Andeavors and Equinors?
Thursday, April 12, 2018 A company re-branding is much more than a new name and logo.
Oil Steady, Near 3-Year Highs On Syria Tensions, Tighter Supply
Thursday, April 12, 2018 Oil prices held steady, remaining close to highs last reached in late 2014.
Yemen's Houthis Say Launched Drone Attack On Saudi Aramco Facility
Wednesday, April 11, 2018 Yemen's armed Houthi movement says it has launched a drone strike on a facility belonging to oil giant Saudi Aramco in southern Saudi Arabia.
BP Commits to New North Sea Developments
Wednesday, April 11, 2018 BP plc commits to 2 new North Sea developments, which are expected to produce 30,000 barrels gross of oil equivalent per day at peak production.
Report Identifies Emerging Decommissioning Hotspots
Wednesday, April 11, 2018 The Boston Consulting Group identifies several emerging decommissioning hotspots in a new report released Wednesday.
ConocoPhillips to Cut 450 UK Jobs by 2020
Wednesday, April 11, 2018 More than 400 ConocoPhillips jobs will be lost in the UK by 2020, a company spokesperson confirms.
Iran's Oil Minister Says $60 Is A Good Price For Crude Oil
Wednesday, April 11, 2018 Iranian Oil Minister Bijan Zangeneh says $60 a barrel is a good price for oil currently.
FAMILY AFFAIR: Father-Son Duo Heads Up Upstream Consulting Company
Wednesday, April 11, 2018 At Sierra Pine Resources International, father and son Bruce and Jason Ganer work through generational differences to successfully deliver solutions to their upstream clients.
US Crude Hits Highest Since 2014 On Missile Concerns
Wednesday, April 11, 2018 Oil prices jumped, hitting their highest in more than three years.
Oil Service Firm TGS Boosted By Seismic Market Recovery
Tuesday, April 10, 2018 TGS reports first-quarter revenues far above forecasts as markets continue to improve.
Exxon, Qatar in Talks for Potential US Shale Deal - Report
Tuesday, April 10, 2018 Exxon Mobil is in talks with Qatar over a possible deal that could see the country investing in the company's U.S. gas resources, the Wall Street Journal reported, citing people familiar with the matter.
US Oil Debt Eases, Meaning Drillers Target Next Shale Play
Tuesday, April 10, 2018 U.S. oil and gas producers expect their borrowing ability to increase over the next few months, leaving them open to invest in new shale assets, particularly the Eagle Ford in Texas.
Oil Surges More than 3 pct as Trade War Fears Recede
Tuesday, April 10, 2018 Oil prices surge more than 3 percent as investors grew more confident the United States and China would resolve their trade dispute without damaging the global economy.
Norway Unions, Employers Agree Wage Deal, Averting Strike
Monday, April 09, 2018 Norway's private-sector trade unions reach a deal with employers over wages, pensions and other compensation, averting the outbreak of major strikes.
Buhari to Contest in 2019 Nigerian Elections
Monday, April 09, 2018 Nigerian President Muhammadu Buhari will contest for a second term of office in the country's 2019 elections, according to an announcement from Presidency Nigeria on social media site Twitter.
Top Iraq Court Set To Rule On Kurdistan Region's Oil Exports
Monday, April 09, 2018 Iraq's top court will begin hearings in May on the legality of oil exports from Kurdistan.
Kinder Morgan Halts Most Work on Disputed Canada Pipeline Expansion
Monday, April 09, 2018 Many in the energy industry are concerned about whether any new pipelines can be built in Canada.
Seen Any Oil-Market Bears Recently? Didn't Think So: Gadfly
Monday, April 09, 2018 Oil-market bears are in deep hibernation.
Oil Gains More than 2 Percent as Stock Market Rebounds
Monday, April 09, 2018
Russia Does Not Expect Fallout For Its Energy Sector From Ex-Spy Poisoning
Friday, April 06, 2018 Russian Energy Minister Alexander Novak says he does not expect negative consequences for the domestic energy sector from the poisoning of ex-double agent Sergei Skripal in England.
Analysts: Iran, Venezuela Biggest Political Risks Facing Oil Sector in 2018
Friday, April 06, 2018 The largest political risks facing the oil and gas sector this year remain centered around Iran and Venezuela, according to BMI Research analysts.
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