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Aramco Awards Major Deals and More
Saturday, November 21, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Ovintiv Criticized Over 'Excessive' Pay
Wednesday, November 18, 2020Activist investor Kimmeridge Energy Management Co. has built new positions in Ovintiv Inc., PDC Energy Inc., and Cimarex Energy Co. and plans to push for changes at the oil and gas companies.
How Much Oil and Gas Has Been Found in 2020?
Tuesday, November 17, 2020Global conventional oil and gas discoveries already exceed eight billion barrels of oil equivalent, according to a new Rystad Energy analysis.
Gulfport Energy Files Chapter 11 Bankruptcy
Monday, November 16, 2020Gulfport Energy filed for bankruptcy, joining a slew of US oil and gas companies that are collapsing after the pandemic deepened their struggle with low prices and too much debt.
Violently Positive Oil Prices and More
Saturday, November 14, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Permian Drilling Rights Price Falls Nearly 70%
Thursday, November 12, 2020The price to drill an acre of land in the biggest US shale basin has tumbled amid the oil rout, creating conditions ripe for more mergers and acquisitions.
EQT May Seek More Shale Deals After Chevron
Wednesday, November 11, 2020EQT Corp. indicated it's not done yet with driving consolidation in the fragmented Appalachian natural gas industry.
Texas Takes Action to Reduce Gas Flaring
Tuesday, November 10, 2020Texas's oil regulator took action to reduce routine natural gas flaring but its efforts fall short of more aggressive measures requested by some investors and major producers.
Consequences of a Biden Admin for US Energy
Monday, November 09, 2020A change of federal government would have several consequences for the U.S. energy industry, according to energy research and consultancy company Wood Mackenzie.
Oman Uses Oil Block As Collateral for New Debt
Monday, November 09, 2020The cash-strapped sultanate reportedly is seeking to raise debt without putting it on the government's books.
Schlumberger Sells Rod Lift Business and More
Saturday, November 07, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Baker Hughes US Rig Count Hits Milestone
Saturday, November 07, 2020The number of rotary drilling rigs operating in the United States hit the 300 mark this week, Baker Hughes reported Friday.
Hamm Sees Backstop in Congress if Biden Takes White House
Friday, November 06, 2020Oilman Harold Hamm, a Trump confidant, said he's waiting for all legal votes to be counted.
Shell to Close Gulf Coast Refinery
Friday, November 06, 2020The 53-year-old facility employs approximately 675 people.
Texas Oil Groups React to TXRRC Vote
Thursday, November 05, 2020The Texas Oil and Gas Association and the Texas Independent Producers & Royalty Owners Association have both released comments following Jim Wright's election to the Texas Railroad Commission.
Has the Texas Upstream Slump Bottomed Out?
Wednesday, November 04, 2020The TPI tracks metrics such as price, rig count, drilling permits, well completions and employment.
Trump Signs Fracking Memo
Monday, November 02, 2020President Donald Trump signed a symbolic memo in support of the fracking sector during a four-rally swing through Pennsylvania.
Schlumberger Divests Rod Lift Business
Monday, November 02, 2020Lufkin Industries has acquired the Schlumberger N.V. unit North American Land Rod Lift Business.
CVX in $735MM Shale Deal and More
Saturday, October 31, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Baker Hughes Rig Count Shows 12 More Units
Saturday, October 31, 2020The total number of rotary drilling rigs operating in the US and Canada rose by 12 this week, Baker Hughes reported.
XOM Warns of $30B Shale Writedown
Friday, October 30, 2020Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields after posting a historic loss despite sweeping budget and job cuts.
Foes of $3.8B Pipeline Seek Payback If Biden Wins
Friday, October 30, 2020A Biden administration could make an example of an oil pipeline project that has been in the crosshairs of climate activists, celebrities and Native Americans.
Who Controls the Permian?
Thursday, October 29, 2020There's been an ongoing pendulum swing between majors and independents as the controlling group of the Permian basin's destiny for many years, but who controls the region now?
Austin Chalk Player to Drill Another Well This Year
Wednesday, October 28, 2020This Sept. 12, 2020, photo shows the Chalk Talk ‘B’ #3H well in Gonzales, Texas. PHOTO SOURCE: Business Wire
Pipeline CEO Sees Signal for Higher Oil Prices
Wednesday, October 28, 2020The recovery in demand coupled with US shale retrenchment could lead to higher oil prices as soon as in the second half of 2021, according to a top US pipeline exec.
Oil and Gas Digitalization Budgets Avoid Slashing
Monday, October 26, 2020The need to ensure worker safety while keeping sites running has fueled investments in digital technology this year, even as companies slash spending in other areas.
Transocean Gets NYSE Notice and More
Saturday, October 24, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Baker Hughes Reports Six More US Oil Rigs
Saturday, October 24, 2020The number of rotary drilling rigs operating in the United States increased by five this past week, reported Baker Hughes.
North America Oil Bankruptcy Debt Hits All Time High
Friday, October 23, 2020The associated debt from North American oil and gas bankruptcies in 2020 has already reached an all-time high, according to Rystad Energy.
Biden Says Renewables Need to Replace Oil Industry
Friday, October 23, 2020Two Democrats in toss-up races distanced themselves from Biden's comments.
Terrorists Strike Near Tanzania Gas Fields
Thursday, October 22, 2020Islamic State claimed the Oct. 14 attack, according to an organization that monitors jihadist activity.
Argentina Unveils $5.1B Subsidy to Lure Shale Drillers
Thursday, October 22, 2020Argentina's cash-strapped government says it can find $5.1 billion to give to natural gas drillers in a bid to resuscitate Vaca Muerta.
Shale Deal Must Navigate Potential Conflict
Wednesday, October 21, 2020The latest merger between two U.S. shale producers is dealing with an unusual family dynamic that has raised concerns about a potential conflict of interest.
ConocoPhillips-Concho Deal Reaction
Tuesday, October 20, 2020Wood Mackenzie has described the $9.7 billion deal as 'remarkable'.
Modest Deals Reflect Slide for US Shale
Tuesday, October 20, 2020There is no more dramatic sign of the US shale industry's fall from grace than one of the best in the business being sold off for less than a third of its peak value.
Another Permian Operator Sale May Be Underway
Tuesday, October 20, 2020Pioneer Natural Resources Co. is in talks to buy rival U.S. shale driller Parsley Energy Inc., according to a person familiar with the matter.
Halliburton Sees Signs of Rebirth
Monday, October 19, 2020Halliburton expects the rout in North American shale to peter out after history's worst crude crash decimated many of its customers.
Could Gas Be the New Coal Under Biden?
Monday, October 19, 2020Biden contends he would not ban hydraulic fracturing, but his energy plan aims to edge natural gas out of the power mix.
Shell Pipeline Contract Goes to Danos
Friday, October 16, 2020A Danos employee performs onshore instrumentation and electrical work. PHOTO SOURCE: Danos
Conoco in Talks to Buy Concho
Wednesday, October 14, 2020ConocoPhillips is in talks to acquire rival Concho Resources Inc, according to people familiar with the matter.
Touchstone Announces Significant Gas Discovery
Wednesday, October 14, 2020Touchstone Exploration (TSX, LSE: TXP) has announced a 'significant' natural gas discovery at the Chinook-1 exploration well on the Ortoire exploration block.
Shell and Exxon JV Awards Onshore Contract to Fluor Unit
Wednesday, October 14, 2020Nederlandse Aardolie Maatschappij (NAM) has awarded Stork a three-year maintenance contract, Stork parent Fluor Corp. reported Tuesday.
Louisiana CCS Developer Seeks Federal Permit
Wednesday, October 14, 2020GCS has made its initial filing to obtain an EPA permit for what reportedly would be the country's largest geological carbon sequestration asset.
KCA Deutag Bags $150MM Worth of Deals
Tuesday, October 13, 2020KCA Deutag has been awarded land drilling contracts worth more than $150 million in Oman.
BP Produces First Gas from Oman Field with OQ and Petronas
Tuesday, October 13, 2020BP reported Monday that it has begun production from the Ghazeer field in the Omani desert ahead of schedule.
TechnipFMC Bags Multimillion Deal and More
Saturday, October 10, 2020Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Delta Threatens Louisiana Energy Hub Still Reeling from Laura
Friday, October 09, 2020The oil, petrochemicals and LNG hub remains fully exposed.
Gassco and ABB Award Contracts for Simulator
Friday, October 09, 2020BPT will deliver a simulator for a gas receiving terminal in the port of Zeebrugge, Belgium.
Oil Set for Weekly Surge as Delta Paralyzes Gulf
Friday, October 09, 2020Oil in New York is poised for the biggest weekly gain since June.
Centurion Sets Service Date for Permian Pipeline
Wednesday, October 07, 2020The oil pipeline will run from Midland to Crane, Texas.