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Scoop Stack Oil Output Slashed
Thursday, February 25, 2021Production in Oklahoma's Scoop Stack shale play is forecasted to hit 342,000 barrels of oil per day and 5.8 billion cubic feet per day this month, according to GlobalData's latest report.
Oxy Expects 40% Unused Pipeline Capacity from Permian
Wednesday, February 24, 2021The company's expected 485,000 bpd of Permian oil equivalent production represents just 60% of its committed pipeline capacity.
Biden Keystone XL Snub Props Up Crude-by-Rail
Wednesday, February 24, 2021Oil exports by rail from Canada have more than tripled since July.
Is US Shale No Longer a Threat to OPEC+?
Wednesday, February 24, 2021OPEC and its allies no longer need to be worried about competition for market share from the US, according to Pioneer's CEO.
Total Awards North Sea Services Contract
Tuesday, February 23, 2021Total's Alwyn platform in the UK North Sea. PHOTO SOURCE: Total E&P UK Limited
Saipem Bags $1.7B Contract with Qatargas
Tuesday, February 23, 2021Saipem has received a letter of award for the development of the North Field Production Sustainability Offshore Project.
Neptune Starts Gjoa P1 Production
Tuesday, February 23, 2021Neptune Energy announced Tuesday that production has started from the Gjoa P1 development in the Norwegian sector of the North Sea.
Well Plugging Starts in Pioneering North Sea Field
Tuesday, February 23, 2021Plugging operations began last month in conjunction with the planned shutdown of the Veslefrikk field. PHOTO SOURCE: Øyvind Hagen/Equinor
Focus On: New Products & Services
Arctic Blast Recovery to Command Market Attention
Monday, February 22, 2021Check out this preview of trends to watch this week in the oil and gas markets.
Kremlin Could Get $33B Windfall from Higher Oil Prices
Friday, February 19, 2021It would give Putin the financial wherewithal to help head off growing public discontent.
Mexico Gas Shortage Hits Automakers
Friday, February 19, 2021Japan's three biggest automakers are halting some operations in Mexico amid a shortage of natural gas in the country.
Could Non-US Oil Regions Benefit from Biden Policy?
Thursday, February 18, 2021Rigzone talks to experts to find out if non-U.S. oil regions could benefit from Biden's policy.
US Sees Largest Production Disruption Ever
Thursday, February 18, 2021The recent disruption in U.S. oil production, which has been caused by extremely cold weather, is the largest on record, Rystad Energy's head of oil markets Bjornar Tonhaugen has outlined.
Wells Restarting in Texas
Thursday, February 18, 2021The Texas oil patch is slowly restarting wells after a deep freeze that swept through the region shut a record amount of US crude output.
Oil Holds as Freeze Halts Third of US Output
Wednesday, February 17, 2021Oil held gains after surpassing $60 a barrel for the first time in a year as a cold snap and power crisis took out a third of U.S. crude production.
Saudi Official Urges More OPEC+ Caution
Wednesday, February 17, 2021Saudi Arabia urged fellow members of the OPEC+ oil alliance to remain cautious as they prepare to consider further output increases.
Texas Freeze Rippling into Global Oil Market Shock
Wednesday, February 17, 2021More than 4 million barrels a day of output -- almost 40% of US crude production -- is now offline, according to traders and executives.
Jerry Jones' Comstock Hits Haynesville Jackpot
Wednesday, February 17, 2021The natural gas producer owned by Dallas billionaire Jerry Jones is cashing in on a surge in prices.
US Oil Production Falls 2MM+ Barrels a Day
Tuesday, February 16, 2021Two million barrels would be the equivalent of about 18% of overall U.S. crude production, based on the most recent government data.
Gas Trades at $999 at Oklahoma Hub
Tuesday, February 16, 2021Production of gas in the Lower 48 states has plummeted to a three-year low.
Offshore Norway Field Center Going Partly Electric
Monday, February 15, 2021The Norwegian Ministry of Petroleum and Energy has approved a revised plan for development and operation for partial electrification of the Sleipner field center.
Permian Oil Output Falls Sharply Amid Frigid Temps
Monday, February 15, 2021Permian oil production has plunged by as much as one million barrels a day amid the coldest weather in 30 years.
Arctic Blast in US Triggers Pipeline Freeze-offs
Friday, February 12, 2021Texas facilities operated by pipeline companies DCP Midstream LP and Targa Resources Corp. were reported shut on Thursday due to the cold.
Crude Storage Levels Are Falling Across the Americas
Friday, February 12, 2021Oil storage locations across the Americas are emptying as the remarkable rally in crude prices undermines the need to buy and stockpile barrels.
Petrofac Wins Australia Decom Contract
Thursday, February 11, 2021Plug and abandonment operations will take place in the offshore Vulcan Basin.
Texas Group Sets Goal to End Routine Flaring
Thursday, February 11, 2021A group of organizations linked to the Texas oil and gas industry aims to end routine natural gas flaring in the state by 2030.
Texas RRC Defers Action on Flaring Permits
Wednesday, February 10, 2021It's unclear whether the latest remarks by commissioners signal an actual reduction in flaring permits is in the offing.
Natural Gas Tech Firm Wins Blessing from Bill Gates-led Fund
Tuesday, February 09, 2021The company has developed technology to lower the greenhouse-gas emissions from using natural gas.
OPEC Member Algeria Struggles to Export Energy
Monday, February 08, 2021Algeria has hinted at allowing more foreign investment in the energy sector, but it remains one of Africa's most closed-off economies.
Halliburton Wins Kuwait Digital Contract
Thursday, February 04, 2021KOC will be able to design and operate North Kuwait field digital twins.
Vaca Muerta Producing at Record Levels
Thursday, February 04, 2021Argentina's Vaca Muerta formation reached a record high oil production of 124,000 barrels per day in December 2020, a Rystad Energy report has revealed.
GOM Production Ops Contract Goes to Danos
Wednesday, February 03, 2021A major GOM oil and gas producer has awarded Danos a multi-year contract for production operations. PHOTO SOURCE: Danos
Supreme Court to Hear Pipeline Case
Wednesday, February 03, 2021The US Supreme Court has agreed to hear a PennEast Pipeline Co. appeal that aims to jump-start a planned natural-gas line.
OPEC+ Vows Speedy Oil Market Rebalancing
Wednesday, February 03, 2021OPEC+ said it will keep pushing to quickly clear the oil surplus left behind by the pandemic.
OPEC Production Increase Offset by Africa Disruptions
Tuesday, February 02, 2021OPEC boosted crude production as planned last month, but the increase was tempered by disruptions at long-troubled member nations.
Nigeria Independent Seeks to Triple Output from Former Shell Block
Tuesday, February 02, 2021Heirs Oil & Gas plans to restore an oil block acquired from Royal Dutch Shell Plc to its former output levels.
SpaceX Texas Plans Face Public Scrutiny
Monday, February 01, 2021The SpaceX site in Texas will be supplied by at least five nearby gas wells, along with two gas-fired power plants, according to an FAA document.
Will Clean Shale Push Repel Biden Climate Attack?
Monday, February 01, 2021Execs are making the case that fossil fuels from US shale have a lower carbon footprint than imports.
Permian Project Could Herald Rise of US Energy ESG
Monday, February 01, 2021Here is a preview of what to watch this week in oil and gas markets.
Drilling Starts on 50MM Barrel North Sea Prospect
Friday, January 29, 2021Neptune Energy has announced that it and its joint venture partners BP and JAPEX have commenced drilling on the Seagull project in the UK Central North Sea.
Oil Market Wonders How Long Shale Restraint Will Last
Thursday, January 28, 2021Shale producers swear this time is different.
Pemex Misses 2020 Target
Wednesday, January 27, 2021Petroleos Mexicanos's crude production fell last year and failed to reach its target, thwarting the government's plans to reverse more than a decade of output declines.
Permian Flaring Report Contrasts with RRC Stance
Tuesday, January 26, 2021An analysis finds up to 40% of the gas that's expected to be flared in the Permian Basin in 2025 could be avoided at no cost to drillers.
Subsea 7 Wins Angola Contract from Chevron Unit
Monday, January 25, 2021A wholly owned subsidiary of Chevron has awarded Subsea 7 a contract for the Sanha Lean Gas Connection (SLGC) project offshore Angola.
Iraq to Lower Oil Production
Monday, January 25, 2021Iraq plans to cut oil output in January and February to make up for breaching its OPEC+ quota last year, according to the state company that markets the nation's crude.
OGA Sponsoring Recovery Factor Studies
Sunday, January 24, 2021The UK Oil and Gas Authority and Energie Beheer Nederland are inviting applications from MSc students with data analytic backgrounds to study existing data on oil and gas field recovery factors.
Iran Says it is Reviving Oil Output
Friday, January 22, 2021Iran has started ramping up its oil production and expects to reach pre-sanctions levels in one to two months, Deputy Oil Minister Amir Hossein Zamaninia said.
Documents Show China Imports Embargoed Venezuelan Crude
Friday, January 22, 2021It may be the oil market's worst-kept secret.
Malaysia Subsea Tieback Contract Goes to JDR
Thursday, January 21, 2021UMD Energy has awarded JDR a contract to manufacture and supply a subsea production umbilical. PHOTO SOURCE: JDR
North Sea SURF Decom Project Concludes
Thursday, January 21, 2021MDL has completed a SURF decommissioning project in the U.K. Continental Shelf. PHOTO SOURCE: MDL
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