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Results 50 articles shown
$2.1B Deal Lets Murphy Focus on One Hemisphere
Thursday, March 21, 2019 Murphy Oil will sell its main Malaysia subsidiaries to PTTEP.
Oil and Gas Employs Near 350,000 Texans in 2018
Wednesday, March 20, 2019 The oil and natural gas industry employed over 348,000 Texans in 2018, TXOGA reveals.
When Will the Oil Service Market Match 2014 Highs?
Tuesday, March 19, 2019 When will the global oilfield service sector return to previous highs?
Carrizo, SM Energy in Talks to Team Up
Monday, March 18, 2019 The talks come as volatile oil prices put pressure on small and midsize energy explorers to pair up to cut costs.
Equinor May be Mulling Eagle Ford Sale
Monday, March 18, 2019 Norway's biggest oil company has held talks with potential suitors for its stake in the Eagle Ford business.
Precision Drilling to Sell All Mexico Assets
Monday, March 18, 2019 Precision Drilling is selling five Mexico-based drilling rigs for $48 million.
35-Year Onshore Abu Dhabi Concession Goes to Inpex
Monday, March 18, 2019 INPEX will invest up to US$176 million in Abu Dhabi's Onshore Block 4. PHOTO SOURCE: ADNOC
Algeria NOC Enlists WorleyParsons' Help to Boost Output
Friday, March 15, 2019 Sonatrach wants to command a Top 5 NOC position.
Exxon Plans for $15 per Barrel Permian Costs
Thursday, March 14, 2019 Exxon plans to reduce the cost of pumping Permian oil to about $15 a barrel, a level only seen Middle East oil fields.
Strikes Begin at Shetland Gas Plant
Wednesday, March 13, 2019 Unite union members at Shetland Gas Plant have commenced industrial action.
$220 Million in Drilling Contracts Go to Saipem
Wednesday, March 13, 2019 The awards include new contracts and contract extensions.
What Does an Election Mean for UK Oil and Gas?
Wednesday, March 13, 2019 If there was a general election in the not too distant future, what would it mean for the UK oil and gas industry?
US Slashes Oil Production Forecast
Tuesday, March 12, 2019 While crude output is still expected to reach record levels, the EIA trimmed its 2019 forecast.
OPEC Splits Appetizer with Shale Adversaries
Tuesday, March 12, 2019 OPEC's secretary general met with senior executives from North America's booming shale oil industry for dinner in Houston.
Marathon Oil Opts for Overlooked Acreage Outside of Permian
Tuesday, March 12, 2019 The explorer is opting to snap up cheap acreage in overlooked areas like the Louisiana Austin Chalk.
Permian Refinery to Apply Lessons from Bakken Project
Monday, March 11, 2019 An aerial view of the Belfield, N.D. site where Meridian Energy is building its Davis Refinery.
Shell on the Prowl for Permian Deals
Monday, March 11, 2019 Shell is eyeing takeovers to take advantage of smaller drillers squeezed by costs and investors hungry for returns.
Permian Still Booming Despite Hurdles
Thursday, March 07, 2019 The Permian's oil pipeline network is expected to grow 60-70 percent in the next five years.
Colombia's Transandino Oil Pipeline Bombed
Thursday, March 07, 2019 A portion of Colombia's Transandino crude oil pipeline was bombed, causing a fire.
Alberta Drillers Unfazed by Crude Glut
Thursday, March 07, 2019 Some drillers are moving ahead in Canada's oil sands despite depressed prices last year and resulting production cuts.
Permian Jobs Roundup
Tuesday, March 05, 2019 The top cities, sectors and positions for oil and gas jobs in the Permian.
Exxon, Chevron Expect Surge in Permian Production
Tuesday, March 05, 2019 ExxonMobil and Chevron both expect their Permian output to reach around 1 million barrels per day by 2024.
Inpex Enters US Tight Oil Business
Friday, March 01, 2019 Inpex Americas reaches an agreement with GulfTex Energy to acquire 'multiple development and production assets' in the Eagle Ford play in Texas.
Shale Firms Face Investor Frustration
Thursday, February 28, 2019 Company leaders are being punished for failing to convert vast holdings into profits.
Exxon Boosts Reserves by 4.5B Barrels
Wednesday, February 27, 2019 Exxon Mobil Corporation added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year's production.
Husky Energy Cites Alberta Oil Cuts for Lower 2019 Production
Tuesday, February 26, 2019 Canadian oil and gas company Husky Energy has lowered its production forecast due to the Alberta government's mandated oil cuts.
Oil Holds Near 3-Month High
Monday, February 25, 2019 Oil held gains above $57 a barrel as a U.S. move to extend a trade truce with China raised hopes that the world's 2 biggest economies would soon resolve their differences.
Oil Set for Second Weekly Gain
Friday, February 22, 2019 Oil headed for a second weekly advance on signs the U.S. and China are moving closer to a trade deal, and as investors weighed the OPEC+ coalition's output cuts against surging American supply.
New CEO for Pioneer
Friday, February 22, 2019 Timothy L. Dove will retire as CEO and a board director, effective immediately.
ExxonMobil Teams with Microsoft in the Permian
Friday, February 22, 2019 The oil major has partnered with Microsoft to bolster its operations in the Permian Basin.
Saudi Aramco Reaffirms China Interest with $10B Refinery Deal
Friday, February 22, 2019 Saudi Arabia is vying for crude oil customers with fellow OPEC members and Russia.
Permian Oil and Gas Production to Hit New Records
Thursday, February 21, 2019 Oil and gas production in the Permian will hit new records next month, according to the EIA.
Repsol Makes Gas Discovery in Indonesia
Wednesday, February 20, 2019 Repsol S.A. has unlocked the largest gas discovery in Indonesia in 18 years.
America's Shale Boom Keeps Rolling
Wednesday, February 20, 2019 America's surging shale oil production shows little sign of abating, despite industrywide spending cuts.
Permian Player May Be Too Big To Sell
Wednesday, February 20, 2019 Consolidation has been a hot topic in the Permian Basin.
Devon Energy to Divest Barnett Shale, Canadian Oil Sands Assets
Wednesday, February 20, 2019 In a move to becoming a U.S. oil growth business, Devon Energy's board of directors approved the company's separation of its Canadian oil sands and Barnett Shale assets.
China Oil Find Could Trigger Shale Drilling Surge
Tuesday, February 19, 2019 An oil discovery in a remote corner of northwestern China could trigger a surge in shale drilling.
Oil and Gas Stepping Up Its Exploration Game
Tuesday, February 19, 2019 After years of budget cuts, oil and gas companies are finally stepping up their exploration game.
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.
Top 10 US Shale Portfolios
Wednesday, February 13, 2019 Chevron holds the most valuable U.S. shale portfolio in terms of total net present value, according to Rystad Energy.
US Adds Seven Oil Rigs
Friday, February 08, 2019 The US saw an addition of seven oil rigs this week but saw a decline in gas rigs.
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.
The Great Oil Paradox
Friday, February 01, 2019 There's a growing problem - America is producing the wrong kind of oil.
Supplies of Key US Import Drying Up for PDVSA
Thursday, January 31, 2019 Without crucial oil product, Venezuela may be forced to shut-in oil fields.
ExxonMobil Named Top Oil, Gas Explorer of 2018
Thursday, January 31, 2019 Rystad Energy has named ExxonMobil as the top oil and gas explorer of 2018.
GOM Oil Export Growth Hurts US Refiners
Thursday, January 31, 2019 For U.S. refiners, it's not the best time for crude exports from the Gulf of Mexico to increase.
The Oil Shock That Never Was
Wednesday, January 30, 2019 3 years ago, influential figures in the oil industry were sounding a clear warning.
Onshore-Offshore Vietnam Contract Goes to Saipem
Wednesday, January 30, 2019 The 'Blue Whale' project could generate $20B for Vietnam's government.
Hillcrest and Xstate Form Strategic Alliance
Wednesday, January 30, 2019 Hillcrest Petroleum signs an MOU with Xstate Resources to jointly pursue oil and gas acquisitions in Canada and onshore US.
US Oil Production 23 Years Ahead of Schedule
Friday, January 25, 2019 A year ago, the US government saw American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year.