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Study Suggests Pipeline Delay Worries Among Permian Producers

Industry Headlines

Trump Relaxes Obama Curbs on Flaring Gas From Wells on US Land
Tuesday, September 18, 2018 The Trump administration finalized a rollback of Obama-era limits on methane that is leaked, vented or flared from oil and gas wells on federal lands.

Shell UK Outlines New Work Rota for Central North Sea Assets
Tuesday, September 18, 2018 Shell UK reveals Tuesday that it will change its offshore operating model on its central North Sea assets.

WTI Up 1.4 Percent But Stays Sideways
Tuesday, September 18, 2018 West Texas Intermediate benchmark continues trend.

OPEC Warns of Threats to Oil Supply from Iran and Other Producers
Tuesday, September 18, 2018 The Organization of Petroleum Exporting Countries is concerned by threats to crude supply from large producers such as Iran, according to the group's top official.

Tale of Two Oil Markets: Brent Bulls Split From US Optimists
Monday, September 17, 2018 For oil investors, this is both the best of times and the worst of times, depending on which crude benchmark you trade.

UK Union Postpones North Sea Strike
Monday, September 17, 2018 UK union Unite postpones a 12-hour strike scheduled for Monday on the Alwyn, Dunbar and Elgin platforms in the North Sea.

Crude See-Saws as Supply Crunch Muted by Impending Demand Drop
Monday, September 17, 2018 Oil capped recent gains as international supply concerns were overshadowed by a looming demand drop.

Oil Rises as Saudis Said to Be Content with Prices Over $80
Tuesday, September 18, 2018 Oil rose as Saudi Arabia was said to be comfortable with Brent crude exceeding $80 a barrel.


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Exploration

UK West Shetland Seismic Survey Acquisition Commences
Monday, September 17, 2018 CGG commences the acquisition of a seismic survey in the UK West Shetland basin.

Total Joins Tullow-operated Block Offshore Guyana
Thursday, September 13, 2018 Total has exercised its option to acquire a 25% working interest in the Orinduik Block offshore Guyana.

Lyon Well Offshore UK Deferred Until 2019
Thursday, September 13, 2018 The drilling of the offshore UK Lyon exploration well has been deferred until 2019, Siccar Point Energy has revealed.

Petronas Eyes South Sudan Oil Blocks
Tuesday, September 11, 2018 Petronas is interested in developing oil blocks in South Sudan, President Salva Kiir's office says.

South Sudan Signs Extends Oil Exploration, Production Deals For 3 Blocks
Monday, September 10, 2018 South Sudan extended oil exploration and production agreements for three blocks, the petroleum minister says.

Norway Gets Bids From 38 Oil Firms In Licensing Round
Friday, September 07, 2018 A total of 38 oil companies have submitted bids for exploration acreage offshore Norway in a so-called predefined areas (APA) licensing round.


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Production

CNOOC Starts Up Penglai 19-3 Comprehensive Adjustment Project
Tuesday, September 18, 2018 CNOOC Limited announces that the Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project has commenced production.

Lancaster EPS Subsea Installation Completed
Thursday, September 13, 2018 Hurricane Energy says the installation of subsea umbilical, risers and flowlines for the Lancaster Early Production System has been 'successfully completed'.

Gazprom Neft Joins Forces with CNPC to Develop EOR Tech
Thursday, September 13, 2018 Gazprom Neft announces that it has joined forces with China National Petroleum Corporation to develop enhanced oil recovery technologies.

EIA: US Likely Became Biggest Oil Producer Earlier This Year
Wednesday, September 12, 2018 US likely overtook Russia and Saudi Arabia in terms of oil output to become the world's biggest producer earlier this year.

EIA Cuts Forecast For 2019 US Crude Production Growth
Tuesday, September 11, 2018 US crude oil production in 2019 is expected to grow at a slower rate than previously forecast.

Neptune Field in Russia Sees 1.6-Fold Reserves Increase
Tuesday, September 11, 2018 Russia's Federal Agency for Mineral Resources has confirmed hydrocarbon reserves at Gazprom Neft's Neptune field at 415.8 million tons of oil, the company announces Tuesday.


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Finance and Investing

Qatar Calls For Increased Investment In Oil And Gas Markets
Thursday, September 06, 2018 Qatar's energy minister calls for oil-producing countries to boost investment in the oil and gas sector given a recovery in the price of oil.

Weatherford CEO Expects 2018 EBITDA To Nearly Double
Wednesday, September 05, 2018 Weatherford International's full-year earnings before expenses will nearly double from last year, CEO Mark McCollum says.

Alberta Cuts Budget Deficit Outlook As Oil Prices Rebound
Friday, August 31, 2018 The Alberta government lowered its 2018-2019 budget deficit projection.

Total Rules Out Investing In US Shale Oil After BP-BHP Deal
Monday, August 27, 2018 Total is not looking at investing in the US shale oil industry.

Norway's Plan to Dump Oil, Gas Stocks Meets Resistance
Friday, August 24, 2018 Norway's $1 trillion sovereign wealth fund is meeting resistance on its plan to dump more than $40 billion in oil and gas stocks.

Decision Day on $1 Trillion Fund's Oil Exit Moves Closer
Wednesday, August 22, 2018 Norway is moving closer to deciding whether its $1 trillion wealth fund will dump all its oil and gas stocks.


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Company Operations

Program Aimed at Redundant O&G Workers Opens Third Round
Tuesday, September 18, 2018 An initiative which has brought together redundant oil and gas professionals to create and launch new energy businesses is opening applications for its 3rd round.

Shell Outlines Methane Emissions Intensity Target for O&G Assets
Monday, September 17, 2018 Royal Dutch Shell plc announces a target to maintain methane emissions intensity below 0.2% by 2025.

BP Buys 61 Percent Stake In Azerbaijan's Gobustan Onshore Project
Friday, September 14, 2018 BP has acquired a 61 percent participating interest in the existing onshore Gobustan PSA.

Weatherford CEO's Rebound Plan Relies On Getting Smaller
Friday, September 14, 2018 Mark McCollum thinks his push to simplify its sprawling supplier networks and corporate organization will help turn around the company to emerge from the oil price collapse.

Chairman: Borr Drilling Aims To Start Paying Dividends By 2020
Wednesday, September 12, 2018 Borr Drilling aims to start paying dividends by 2020, the company's founder and chairman Tor Olav Troeim says.

OMV Intends to Acquire 50 Percent Stake in Sapura Upstream
Wednesday, September 12, 2018 OMV announces Wednesday that it intends to acquire a 50% interest in Sapura Energy Berhad's wholly owned subsidiary, Sapura Upstream Sdn Bhd.


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