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Oil May Bring 400,000 Jobs and $258B in Investments to Brazil
Thursday, January 17, 2019 The secretary general of the Brazilian Institute of Petroleum, Gas and Biofuels said that in the next few years, the oil industry will bring more jobs and investments to Rio de Janeiro.

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

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.

US Will Likely Grant Fewer Waivers in May
Thursday, January 17, 2019 The United States will likely grant fewer waivers to buyers of Iranian oil when they're up for renewal in May, according to IHS Markit.

Oil Retreats Near $52
Thursday, January 17, 2019 Oil retreated near $52 a barrel as investors assessed surging U.S. production against output curbs pledged by some of the world's top suppliers.

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

Husky Ends MEG Takeover Bid
Thursday, January 17, 2019 Husky Energy abandons its hostile bid to acquire MEG Energy Corp after failing to win support from shareholders and the board of the rival oil-sands producer.

Crude Oil Settles Lower
Thursday, January 17, 2019 The American Petroleum Institute also reported a sharp year-on-year increase in well completions.

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.

IEA Sees Oil Demand Growth Defying Slowing Economy
Friday, January 18, 2019 Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the IEA.

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Permian Shale Oil Boom Holds Mixed News for OPEC
Tuesday, January 15, 2019 For OPEC, good news often comes hand-in-hand with bad news.

Lesar Pursues New Oil Patch Venture
Monday, January 14, 2019 The retired Halliburton executive plans to start an oilfield services company.

Offshore Australia Project Marks Step-Change
Wednesday, January 16, 2019 Subsea 7 and Schlumberger's OneSubsea will deliver a new subsea flowline to an existing natural gas pipeline. PHOTO SOURCE: Subsea Integration Alliance

Oil Demand to Grow Steadily in 2020s
Tuesday, January 15, 2019 Oil demand will grow steadily in the 2020s and peak in the late 2030s, according to Rystad Energy's current long-term outlook.

WildHorse to Lay Off Staff After Chesapeake Acquisition
Monday, January 14, 2019 WildHorse Resources Management Company will permanently close its Houston office, resulting in almost 100 layoffs.

Survey: Oil and Gas Hiring in Houston Flat in 2019
Wednesday, January 16, 2019 A survey of Houston energy executives, HR staff and hiring managers expect little to no change this year in regards to hiring and company growth.

Saudis Say OPEC+ Cuts Provided US Shale Lifeline
Monday, January 14, 2019 Saudi Arabia's energy minister has no quarrels with U.S. shale and even sees output cuts by OPEC and its allies as directly aiding American drillers.

Oil Retreats as Risk Appetite Shrinks
Monday, January 14, 2019 Oil extended its retreat as investor appetite for risk assets shrank.

Ensco Proposes Sweeter Deal for Merger with Rowan
Monday, January 14, 2019 Ensco proposes to increase the exchange ratio for its merger with Rowan Companies.

Offshore Service Spending to Outpace Onshore Shale
Wednesday, January 16, 2019 Research from Rystad Energy reveals that we'll see spending in the offshore service sector outgrow spending on onshore shale this year.

14 Days

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Winners and Losers of Offshore Spending Revival
Friday, January 11, 2019 After 4 years of cutbacks, oil companies are poised to open their wallets again and develop new offshore fields, but the benefits won't be spread equally.

Oil Market is Oversold
Monday, January 07, 2019 At current levels, the oil market is oversold.

One of Oil's Highest Paid Execs Taking Pay Cut
Wednesday, January 09, 2019 One of the oil industry's highest-paid executives is taking a pay cut as his company braces for possibly difficult times ahead after its stock plunged last year.

Problems for US Producers at $50
Wednesday, January 09, 2019 U.S. producers can't generate cashflow and production growth at $50 per barrel oil, according to Energy Aspects.

Proper Oil Price Rebound May Come by 1Q-End
Tuesday, January 08, 2019 A proper oil price rebound may come by the end of the first quarter.

Permian Shale Oil Boom Holds Mixed News for OPEC
Tuesday, January 15, 2019 For OPEC, good news often comes hand-in-hand with bad news.

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

Chesapeake to Cut Rigs to Reduce CAPEX in 2019
Thursday, January 10, 2019 The Oklahoma City-based E&P company is lowering its rig count by 20% in 2019.

Lesar Pursues New Oil Patch Venture
Monday, January 14, 2019 The retired Halliburton executive plans to start an oilfield services company.

Analysts Outline Latest Oil Price Forecasts
Friday, January 11, 2019 Analysts at Fitch Solutions Macro Research forecast that the price of Brent will average $75 per barrel in 2019, a new report has revealed.

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What is Driving the Oil Price Down?
Friday, December 21, 2018 What is really driving the price movement?

What Will Oil Prices Be In 2019?
Friday, December 21, 2018 WTI is now forecast to range below the $72 to $80 mark that was projected a few months ago.

OPEC's Sequel to Oil Deal Faces Struggle
Thursday, December 20, 2018 OPEC's bold strategy to revive oil markets proved a surprise success last year, but the sequel they've unveiled for 2019 is getting a cooler reception.

Oil Falls
Thursday, December 20, 2018 Oil retreated to near $47 a barrel after the US Federal Reserve raised interest rates.

Global Drilling And Well Services Activity Sees An Upswing
Friday, December 21, 2018 More than 72,000 wells are expected to be drilled and completed in 2019, representing a 3% growth compared to 2018.

Crude Oil Bears Reign
Thursday, December 20, 2018 There was plenty of bearish sentiment in crude oil markets Thursday.

Oil Set for Weekly Drop
Friday, December 21, 2018 Oil's poised for its biggest weekly drop in a month.

Crude Oil Down 11 Percent for Week
Friday, December 21, 2018 Both the WTI and Brent crude oil benchmarks have sustained double-digit losses since last week.

Oil Tanker Owners Scrap Record Number of Ships
Friday, December 21, 2018 Oil tanker owners scrapped a record number of ships this year.

LNG Shipping on Track to Stay Strong in 2019
Friday, December 21, 2018 The LNG freight market has enjoyed strong growth in 2018, and the solid performance is set to continue.