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Full Impact of Shale Revolution Not Yet Seen
Wednesday, January 23, 2019 We have not seen the full impact of the shale revolution yet, according to the IEA's executive director.
Shale Slowly Choking Off Historic Gasoline Trade
Tuesday, January 22, 2019 The rise of U.S. shale oil is choking off a historic gasoline trade, dealing a blow to European refineries that for decades have relied on American drivers to buy their excess supplies.
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.
2019 US Oil Output to Average 12MM Barrels Per Day
Wednesday, January 16, 2019 U.S. crude oil production will average 12.1 million barrels per day in 2019, according to the EIA's latest short-term energy outlook.
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.
Oil Halts Drop Near $51
Tuesday, January 15, 2019 Oil halted its retreat near $51 a barrel on forecasts for a drop in U.S. inventories and as a rebound in equities signaled investor interest in risk assets was improving.
Eni Secures Two Deals for Oman Blocks
Monday, January 14, 2019 Eni on Monday announced it had entered into agreements with BP and Oman Oil Company Exploration and Production for two blocks in Oman.
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.
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.
When Do Shale Producers Stop Making Money?
Thursday, December 20, 2018 We're getting into the zone where US shale producers stop making money.
Permian's Growth Spurt at Risk of Being Stunted
Wednesday, December 19, 2018 The U.S.'s biggest oil field may be about to pump the brakes if crude keeps plunging.
Exxon Becomes Permian Drill Chief
Tuesday, December 18, 2018 ExxonMobil has overtaken rivals to become the most active driller in the Permian Basin.
Oil Dives Lower
Tuesday, December 18, 2018 Oil dived lower near $49 a barrel as investors sought more assurance that OPEC's output cuts will work in the face of surging U.S. supply.
Upstream Firms Positioned to Thrive
Monday, December 17, 2018 Upstream companies are positioned to thrive in 2019, according to Wood Mackenzie.
Market Could be Oversupplied by 2020
Thursday, December 13, 2018 The market could be quite tight in the first half of 2019 but oversupplied again by 2020.
Oil Tanker Owners Find Solace in Shale
Wednesday, December 12, 2018 America's shale boom could be about to spare the world's oil tanker owners from a typical OPEC ravaging.
US Shale Becomes Oil Industry's Safe Haven
Tuesday, December 11, 2018 Big oil is investing more in U.S. shale, not less, after the recent tumble in crude prices.
Chevron Boosts Spending on Shale Projects
Friday, December 07, 2018 Chevron raises its spending budget for the first time since 2014.
46.3B Barrels of Oil in Wolfcamp-Bone Spring
Thursday, December 06, 2018 New federal study estimates undiscovered, technically recoverable resources in Wolfcamp shale and Bone Spring Formation in Permian's Delaware Basin.
Four Things Upstream Firms Can Change in 2019
Thursday, November 29, 2018 BCG has identified four domains in which upstream companies can seize opportunities to transform themselves.
Shale Patch Will Likely Cut Budgets Next Year
Thursday, November 29, 2018 Shale explorers will likely cut spending budgets next year for the first time since the last price crash as crude spirals down again, analysts said.
Market Will Tighten Up Again into 1Q
Thursday, November 29, 2018 UBS Wealth Management believes the market will tighten up again into the first quarter of next year.
Pemex Triples Estimate for 'Most Important Onshore Field in 25 Years'
Wednesday, November 28, 2018 Pemex has more than tripled its estimated reserves in its Ixachi field.
Oil Exploration Activity Will Pick Up in 2019
Wednesday, November 28, 2018 There will be a pick up in oil exploration activity next year, according to a new report.
Analysts Outline Industry Themes for 2019
Monday, November 26, 2018 Analysts at Fitch Solutions Macro Research outline 5 key themes for oil and gas in 2019 in a new report.
OPEC's Worst Nightmare: Permian Ups Production
Wednesday, November 21, 2018 OPEC's bad dream only deepens next year, when Permian producers expect to iron out distribution snags that will add three pipelines and as much as 2 million barrels of oil a day.
Ineos In Talks with ConocoPhillips
Monday, November 19, 2018 Ineos confirms it is in talks with ConocoPhillips after a spokesperson for the U.S. headquartered independent confirmed last week that the company is marketing its UK assets.
V&E Partner Talks Permian Hiring
Friday, November 16, 2018 As long as oil prices remain strong and takeaway capacity exceeds production, producers will be hiring in the Permian, according to V&E partner John Grand.
ConocoPhillips Marketing UK Assets
Friday, November 16, 2018 ConocoPhillips is marketing its UK assets after receiving an unsolicited offer.
Wood Wins Mega Project Services Deal
Tuesday, November 13, 2018 Wood secures multi-million dollar contract extension from ADNOC Offshore.
Less Appetite for Exploration Drilling
Monday, November 12, 2018 There's less appetite for exploration drilling, according to Rystad Energy.
Major Tanker Port Restarts After Vessel Collision
Friday, November 09, 2018 The Sture terminal and the Kollsnes plant resumed operations Thursday afternoon.
Croatia Launches Second Onshore License Round
Wednesday, November 07, 2018 Croatia launches its second onshore licensing round.
Permian Best Place to be in Shale Oil Business
Wednesday, November 07, 2018 The Permian Basin continues to be the best place to be in the shale oil business, according to Timothy L. Dove, president and CEO of Pioneer Natural Resources.
First Shale Gas from UK PNR Site
Monday, November 05, 2018 Cuadrilla begins to see natural gas flow to the surface from its shale exploration well at the UK Preston New Road site.
BP Completes $10.5B BHP Deal
Thursday, November 01, 2018 BP completes its $10.5 billion acquisition of BHP's U.S. unconventional assets.
A Better Approach to Conventional Oil Exploration
Wednesday, October 31, 2018 The history of oil exploration is one of trying to overcome the odds.
European Majors Team Up to Explore Algeria Offshore
Monday, October 29, 2018 Eni, Total and Sonatrach sign 2 agreements which include an exclusive partnership for offshore exploration in Algeria.
Upstream Players Must Boost Spending
Wednesday, October 24, 2018 Global oil and gas development spend needs to increase by around 20%.
Onshore UK Portland Field Dubbed Commercially Viable
Friday, October 19, 2018 Horse Hill Developments, a UKOG subsidiary, considers the Portland oil field to be commercially viable, UKOG has revealed.
Cuadrilla Starts UK Fracking
Tuesday, October 16, 2018 Cuadrilla starts hydraulic fracturing operations at its UK Preston New Road shale gas exploration site.
Saipem Seals Services Deals Worth $400MM
Monday, October 15, 2018 Saipem signs new offshore engineering and construction contracts in Azerbaijan, the North Sea and the Republic of Congo worth a total of approximately $400 million.
How to Negotiate a Pay Rise as an Experienced Oil Pro
Friday, October 12, 2018 Rigzone talks to several experts to find out how experienced oil and gas professionals can negotiate a pay rise.
Wood Creates 1K New Jobs in Last Year
Wednesday, October 10, 2018 Wood's Asset Solutions Americas business created approximately 1,000 new jobs in the last year as a result of securing new midstream sector contracts across the US worth $250 million.
Analysts Bearish on UK Shale Prospects
Monday, October 08, 2018 Analysts at Fitch Solutions Macro Research remain 'widely bearish' on the prospects of UK shale gas.
Cuadrilla to Start Fracking in Lancashire
Friday, October 05, 2018 Cuadrilla expects to start hydraulically fracturing the shale rock around the first of its two horizontal shale gas exploration wells at its UK Preston New Road site in the next week.
Australia Upstream to See Greater Tech Integration
Wednesday, October 03, 2018 Australia's upstream sector will see greater integration of technology over the coming years, according to a new report from Fitch Solutions Macro Research.
$1B of Investments Expected from Ecuador's Latest Licensing Round
Tuesday, September 25, 2018 Ecuador hopes its latest licensing round, which includes eight onshore blocks, will be the start of something big.
Frac Sand Market Faces Supply Chain Disruption
Tuesday, September 25, 2018 The US frac sand market could approach $6 billion by 2023. SOURCE: Black Mountain Sand
Cuadrilla Granted Fracking Consent for Second Horizontal Shale Gas Well
Wednesday, September 19, 2018 Cuadrilla receives hydraulic fracturing consent for its second horizontal shale exploration well at its Preston New Road site in Lancashire, UK.