BHP Approves $696MM Funding for BP Project
Wednesday February 13, 2019 - BHP approves a total of $952 million in funding for BP's Atlantis Phase 3 and drilling of an appraisal well in the Trion field offshore Mexico.
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How Industry 4.0 is Reshaping Oil and Gas Recruitment
Tuesday, February 19, 2019 Slowly but surely, the proliferation of IIoT, robotics, augmented and virtual reality are leading to a step change in hiring strategies.
Oil Holds Gains
Tuesday, February 19, 2019 Oil held gains at a 3 month high as investors focused on the prospects for a resolution to the U.S.-China trade war and signs of sliding shipments from the world's biggest crude exporter.
Oil Trades Near Highest Level Since November
Monday, February 18, 2019 Oil traded near the highest level since November on optimism the U.S. and China can reach a trade deal and as an outage at the world's largest offshore field signaled tightening supply.
Oil Optimists Look Ready to Take Driver's Seat
Monday, February 18, 2019 Oil optimists look like they're finally ready to take the driver's seat in crude's rebound.
Oil Poised for Weekly Gain
Friday, February 15, 2019 Oil heads for its biggest weekly gain in a month.
Oil Will Continue to Play Significant Role in 2040
Friday, February 15, 2019 Although the precise outlook is uncertain, the world looks set to consume significant amounts of oil for several decades, according to BP's latest Energy Outlook.
Crude Oil Up More Than 5% for the Week
Friday, February 15, 2019 A Russian pledge and a Saudi outage provided support for crude.
It's All Going Wrong for OPEC
Thursday, February 14, 2019 Even as oil producing states in OPEC and beyond begin implementing the output cuts they agreed in December, the world's need for their crude is shrinking further.
NOPEC Bill to Fail if Brought to a Vote
Thursday, February 14, 2019 Fitch Solutions expects the NOPEC bill to fail if brought to a vote.
Global Oil Prices Turn Topsy-Turvy
Thursday, February 14, 2019 Some of the world's dirtiest and densest crudes traditionally spurned for being too difficult to process are having a moment in the sun.
Energy Companies at Increasing Risk of 'Over-Investing'
Thursday, February 14, 2019 Companies continue to link executive pay to the discovery of energy resources the world can't safely burn, according to a new report.
Crude Oil Up for Third Straight Day
Thursday, February 14, 2019 Production curbs in Canada and OPEC countries, along with US sanctions on Venezuela, are factors.
Oil Extends Gain
Wednesday, February 13, 2019 Oil climbed for a 2nd day after Saudi Arabia pledged to deepen production cuts and U.S. President Donald Trump said he might extend a deadline for additional tariffs on China.
BHP Approves $696MM Funding for BP Project
Wednesday, February 13, 2019 BHP approves a total of $952 million in funding for BP's Atlantis Phase 3 and drilling of an appraisal well in the Trion field offshore Mexico.
Crude Oil Ends Day Higher
Wednesday, February 13, 2019 Natural gas didn't add to its three-day winning streak, though.
Oil Holds Below $53
Tuesday, February 12, 2019 Oil held under $53 a barrel as a tentative deal to avoid another growth-killing U.S. government shutdown was offset by the prospect of rising American crude inventories.
Oil Demand Growth to Slow Significantly From 2020
Tuesday, February 12, 2019 Oil demand growth is expected to slow significantly from next year, according to McKinsey Energy Insights' Global Energy Perspective 2019 Reference Case.
Tuesday, February 12, 2019 The global oil industry's foundation of ever-expanding demand will probably crumble and that may hurt profits sooner than expected, according to a London fund manager.
OPEC Sees Weaker Demand for Its Crude
Tuesday, February 12, 2019 OPEC reduced its estimate for the amount of crude the world needs it to pump this year as US production continues to thrive and the demand outlook falters.
WTI Trades Above $54
Tuesday, February 12, 2019 Crude oil, gasoline and natural gas prices finished higher Tuesday.
Oil Keeps Falling on Growth Fear
Monday, February 11, 2019 Oil fell toward the lowest level in almost 2 weeks as global growth concerns continued to damp the demand outlook.
Brent Probably Trading Between $74-$84 by Year-End
Monday, February 11, 2019 By year-end, Brent will probably trade somewhere between $74 and $84 per barrel, according to Fat Prophets.
Will Oil Ever Hit $100 Again?
Monday, February 11, 2019 Rigzone asks industry experts whether the price of oil will ever reach $100 per barrel again.
Crude Oil Ends Day Lower
Monday, February 11, 2019 Both the WTI and Brent contracts settled lower Monday.
How Does Blockchain Technology Fit into Oil and Gas
Friday, February 08, 2019 Let's just say blockchain may only be as strong as its weakest link. Need help understanding it? Read on...
Crude Oil Reverses Course
Friday, February 08, 2019 Oil prices changed direction this past week.
Oil Resumes Drop
Thursday, February 07, 2019 Oil resumed its drop as rising U.S. production and concern over the global economic outlook countered a decline in American fuel inventories.
Big Oil Proves Crude Price Is Just a Number
Thursday, February 07, 2019 The crude market had its worst quarter in 4 years but you wouldn't be able to tell by looking at Big Oil's stellar earnings numbers.
Oil and Gas Employment Starts 2019 Positively
Thursday, February 07, 2019 After the industry stabilized, there was a reprieve from layoffs and instead, hiring began to pick back up.
Crude Oil Down on Trade Deal Talk
Thursday, February 07, 2019 A downbeat assessment of US-China trade negotiations put downward pressure on the crude oil market Thursday.
Oil Extends Loss
Wednesday, February 06, 2019 Oil extends losses below $54 a barrel on signs of a weakening economy and an industry report pointing to rising U.S. crude inventories.
$80 Brent Acceptable for All
Wednesday, February 06, 2019 $80 per barrel Brent is an acceptable level for all to live with, according to Al Dhabi Capital Ltd.
WTI Settles Above $54
Wednesday, February 06, 2019 Brent futures ended the day higher as well.
Oil Halts Drop
Tuesday, February 05, 2019 Oil halted a decline as traders weighed output cuts from the OPEC producer group and its partners against expectations for rising U.S. crude inventories.
Oil Supermajors Smash Analyst Estimates
Tuesday, February 05, 2019 The world's biggest oil companies are pumping out cash like crude's at $100 a barrel again and investors love it.
Crude Oil Not Cleared for Takeoff
Tuesday, February 05, 2019 What's the proverbial Achilles heel of the oil market?
Oil Holds Gains
Monday, February 04, 2019 Oil held gains near a 2-month high after data showed U.S. production growth slowing at a time when OPEC cuts and American sanctions on Venezuela have already eased concerns over a supply glut.
Oil Has Short-Sellers on the Run
Monday, February 04, 2019 Oil's rally is driving doubters out of the market, with hedge funds abandoning more than half of their short-selling bets in just 4 weeks.
Global Offshore Oil Set to Rebound?
Monday, February 04, 2019 Offshore spending is expected to increase 4-5% in 2019 and even outgrow onshore investment.
Crude Oil Loses Momentum
Monday, February 04, 2019 Oil futures got off to a good start Monday, but their momentum tapered off.
Oil Holds Below $54
Friday, February 01, 2019 Oil held below $54 a barrel after its best January on record.
Exxon Streamlines Upstream to Support Growth
Friday, February 01, 2019 ExxonMobil will 'streamline' its upstream organization and 'centralize project delivery across the company' to support plans to double operating cash flow and earnings by 2025.
Oil Finishing Best Month Since 2015 Strongly
Thursday, January 31, 2019 Data shows the OPEC+ coalition's output cuts are starting to kick in and a more dovish Federal Reserve has boosted markets and improved the growth outlook.
The Oil Shock That Never Was
Wednesday, January 30, 2019 3 years ago, influential figures in the oil industry were sounding a clear warning.
Oil Holds Biggest Gain in More Than a Week
Wednesday, January 30, 2019 Oil held its biggest gain in more than a week as investors assessed the impact of US sanctions against Venezuela while waiting for the outcome of trade talks between Washington and Beijing.
WTI Nears the $55 Mark
Wednesday, January 30, 2019 WTI gained 92 cents during the midweek session while Brent posted a more modest increase.
Oil Surges as US Signals Trade Thaw
Tuesday, January 29, 2019 Oil prices jumped higher after US Treasury Secretary Steven Mnuchin signaled a truce is possible in the trade war with China.
Oil Snaps 3-Day Rally
Monday, January 28, 2019 Oil fell to near $53 a barrel as America's rig count rose for the first time this year.
Continued Short Term Volatility on the Cards?
Monday, January 28, 2019 Westwood Global Energy Group gives its take on the oil market.
Oil Unlikely to Escape $60-70/bbl Prices in 2019
Monday, January 28, 2019 Wall Street forecasts of spikes and dives will follow as usual, but the market appears in no mood for a substantial bearish or bullish turn.
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