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PwC: Capital Discipline Led US Deal-Making in 1Q 2018
Thursday, April 26, 2018 The first quarter of 2018 had more deals than any first quarter since 2015. But the appetite for risk seen in 1Q 2017 wasn't there.
ConocoPhillips Profit Tops Estimates On Rising Oil Prices, Cost Cuts
Thursday, April 26, 2018 ConocoPhillips posts a bigger-than-expected quarterly profit.
Hess Posts Smaller Loss On Cost Cuts, Rising Oil Prices
Wednesday, April 25, 2018 Hess reports its 14th consecutive quarterly loss.
Statoil Shows a Return to Better Times Is Within Big Oil's Grasp
Wednesday, April 25, 2018 Statoil shows that a return to profit levels from the era of $100 a barrel is within the grasp of the world's oil giants.
Total, Google Cloud Team Up to Develop Oil, Gas AI Solutions
Wednesday, April 25, 2018 Total and Google Cloud sign an agreement to jointly develop AI solutions.
US Energy Shares Outperform As Companies Begin To Report
Wednesday, April 25, 2018 After losing ground and underperforming the broad market in 2017, US energy shares are climbing fast.
Heerema Marine Contractors to Shed 350 Jobs
Wednesday, April 25, 2018 Heerema Marine Contractors will discontinue its offshore pipe lay activities.
Oil & Gas UK Board Appoints 3 'Key Leaders'
Wednesday, April 25, 2018 Industry body Oil & Gas UK appoints new board members.
Focus On: Oil Sands
Oil Prices Rise On Geopolitical Worries, Shrugs Off US Build
Wednesday, April 25, 2018 Oil prices rose despite data showing rising US inventories.
Kemp: Mission Accomplished for OPEC as Oil Moves from Slump to Boom
Tuesday, April 24, 2018 The slump that characterized the oil market between the middle of 2014 and the middle of 2016 has been replaced by what looks like the beginning of a boom.
Saipem Scouting Around as Subsea 7 Bid Makes Waves
Tuesday, April 24, 2018 Italian oil services group Saipem is looking round for growth opportunities.
Report: EMU Deal Activity Shifting Toward Power, Utilities
Tuesday, April 24, 2018 Energy, mining and utilities deals have long been dominated by oil and gas transactions, but now they appear to be moving closer toward the power and utilities space.
Lebanon to Prepare for Second Offshore Oil, Gas Licensing Round -Minister
Tuesday, April 24, 2018 Lebanon's energy minister said he had asked the country's petroleum authority to start preparing for a second oil and gas offshore licensing round, but did not give a timeline for when it might happen.
Big Oil Gets Little Love With Toxic Troika Shadowing Revival
Tuesday, April 24, 2018 For generations of investors, Exxon Mobil Corp. has been a cornerstone of fund managers' portfolios alongside the biggest names in corporate America. Not so much any more.
The Real Oil, Gas Disrupter - Application of Technology
Tuesday, April 24, 2018 Big Data and analytics experts discuss the real challenges the industry faces as it adopts and implements the use of more technology.
Permian Basin Seen Growing to Largest Oil Patch in the World
Tuesday, April 24, 2018 The Permian shale play is all about setting records. Now, the region will probably become the world's largest oil patch over the next decade.
Shell to Deploy New Design in Mississippi Canyon
Tuesday, April 24, 2018 Shell, Statoil to proceed with eight-well subsea project southeast of New Orleans.
Oil Slips as Trump and France's Macron Talk Iran Deal
Tuesday, April 24, 2018 Oil prices slips as concerns that the United States might reinstate sanctions against Iran faded somewhat, alleviating worries about the future of Iranian exports.
Frackers Preach Patience on Payoff From $70 Oil, Growth in Shale
Tuesday, April 24, 2018 The world's biggest oilfield service companies have a message for investors: There's a payoff for patience.
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.
Down In Saudi Amnesia, They're Partying Like It's 2008: Gadfly
Monday, April 23, 2018 It's startling how quickly the lessons of 2008, or indeed the last price crash of 2014, are being ignored.
Crude Surges to Three-Year High as Saudi-Yemen Conflict Heats Up
Monday, April 23, 2018 Futures in New York settled at their highest since December 2014.
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.
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.
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