Explorers Crank Rig Count Higher as US Crude Supplies Dwindle
Friday April 20, 2018 - Oil explorers deployed more U.S. rigs this week as increasingly tight crude supplies pushed prices to their highest since 2014.
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More Countries Needed In OPEC, Non-OPEC Pact - UAE's Al Mazrouei
Friday, April 20, 2018 Further oil producers need to join OPEC and non-OPEC producers in curbing supply, UAE oil minister Suhail Mohamed Al Mazrouei tells a German newspaper.
Drilling Systems, AIS Launch New Tech-Focused Training Company
Friday, April 20, 2018 Drilling Systems, a simulator developer, joins forces with industrial training provider AIS to create a new technology-focused training organization for the global energy industry.
Schlumberger Profit Surges On Higher Oil Prices
Friday, April 20, 2018 Oilfield services provider Schlumberger NV reports an 88% rise in quarterly profit as rising crude oil prices encourage its North American clients to ramp up spending.
Trump Slams OPEC as Cartel Pushes Harder for High Oil Prices
Friday, April 20, 2018 Russia's energy minister said that OPEC production cuts have helped U.S. oil producers.
Trump's Claim of 'Oil All Over the Place' Isn't True Anymore
Friday, April 20, 2018 While OPEC has been curbing supply in a successful bid to revive oil prices, the group's success means that there's no longer a global glut of oil.
US Oil Rush Spurs 'Triangle' Trade as Output, Exports Soar
Friday, April 20, 2018 As supplies have increased and crude moved in new directions, some traders are suggesting contracts tied to landlocked Cushing should be replaced.
Oil Shrugs Off Trump Tweet to Rise for a Second Straight Week
Friday, April 20, 2018 Oil rose for a second straight week.
Explorers Crank Rig Count Higher as US Crude Supplies Dwindle
Friday, April 20, 2018 Oil explorers deployed more U.S. rigs this week as increasingly tight crude supplies pushed prices to their highest since 2014.
East Coast Booms on Export Demand for Diesel, Heating Oil
Friday, April 20, 2018 Latin American buying has helped drive strong export flows and bolster refinery margins.
Does a Digitization Domino Effect Await Oil and Gas?
Thursday, April 19, 2018 AspenTech survey reveals major obstacles in oil and gas firms' quest to digitize.
UK's Weir To Buy U.S. Mining Tools Maker ESCO For $1.05B
Thursday, April 19, 2018 Weir Group Plc, which makes pumps and valves for mining and energy industries, says it will buy ESCO Corp, a U.S.-based maker of equipment parts, for an equity value of $1.05 billion.
BLOG: Upstream Companies, Is Your Portfolio in Shambles?
Thursday, April 19, 2018 A report by Deloitte identifies how E&Ps can build a portfolio to fit the future of their business.
Trump Administration Begins Review Process for Drilling in Alaska Refuge
Thursday, April 19, 2018 Alaskan lawmakers have been fighting for decades to open the refuge.
Oil Rally Stalls as OPEC is Said to See Goal Nearly Accomplished
Thursday, April 19, 2018 Oil's rally stalled as OPEC and allied crude producers gathered in Saudi Arabia amid signs a worldwide glut has been mostly eradicated.
Ex-Venezuelan Official Pleads Guilty in US Corruption Case
Thursday, April 19, 2018 A former Venezuelan official on Thursday pleaded guilty to taking part in a scheme involving bribes paid by U.S. companies to Venezuelan officials to secure energy contracts and speed up payments.
Petroplan Appoints New CEO
Wednesday, April 18, 2018 Petroplan Group appoints Philippa Barnes as its new CEO.
Barclays: US Onshore Spending Expected to Rise This Year
Wednesday, April 18, 2018 Barclays anticipates an increase in onshore upstream spending.
Oil Rises Amid Shrinking US Surplus as OPEC Prepares to Gather
Wednesday, April 18, 2018 Crude climbed to the highest since 2014.
Fluor Racks Up Another Galveston Bay Win
Wednesday, April 18, 2018 Fluor will perform the engineering and procurement scope for Marathon Petroleum's STAR program.
CAPEX Among World's Largest O&G Firms to Rise to Just Under $500B in 2018
Tuesday, April 17, 2018 Capital expenditure (CAPEX) among the world's largest oil and gas companies is due to increase 11.5% year-on-year in 2018 to just under $500 billion, according to oil and gas analysts at BMI Research.
Zinke Says Won't Lower Oil, Gas Offshore Royalty Rates 'At This Time'
Tuesday, April 17, 2018 Interior Secretary Ryan Zinke says he will not lower royalty rates for offshore oil and gas lease sales 'at this time.'
Analyst: Switch To LNG For Shipping Fuel Not Enough To Meet Regulations
Tuesday, April 17, 2018 Switching to LNG to fuel ocean-going vessels may not be enough for shippers to comply with long-term emissions regulations, JBC Energy says.
Drillcore Creates $250MM Fund for US Upstream Investments
Tuesday, April 17, 2018 Drillcore Energy Partners is seeking its first private equity fund to make upstream investments in the continental U.S.
Farm State Senators Demand EPA Name Recipients Of Biofuel Waivers
Tuesday, April 17, 2018 A bipartisan group of senators from US farm states presses the EPA to stop issuing hardship waivers from the nation's biofuels laws to refiners and to name the companies that already have them.
Big Oil Bids to Burnish Credentials in War on Climate Change
Tuesday, April 17, 2018 The world's biggest oil companies, for long typecast as villains of climate change, are seeking to reinvent themselves.
Seadrill Gets US Court Approval For Bankruptcy Exit Plan
Tuesday, April 17, 2018 A US judge saya he would approve Seadrill's plan to exit its Chapter 11 bankruptcy.
Crude Gains as Industry Is Said to Report Surprise Crude Draw
Tuesday, April 17, 2018 Oil edged higher after an industry report showed US crude stockpiles and supplies at the nation's largest storage hub both declined.
Trump Energy Aide to Return to Lobbying Firm
Tuesday, April 17, 2018 Michael Catanzaro, a chief architect of President Donald Trump's energy policy, is leaving the White House.
Kuwait Says Market Conditions To Determine Any Extension Of OPEC-Led Cuts
Monday, April 16, 2018 Kuwait's oil minister says the pact between OPEC and non-OPEC producers to curb supplies will run to the end of the year and market conditions will determine whether to extend it further.
Want the Gas? Buy the Company! A New Way to Finance US LNG
Monday, April 16, 2018 Now heading a new company, Charif Souki is changing his plan of attack.
First Commercial LNG Cargo From US East Coast Hits the Seas
Monday, April 16, 2018 The first export of natural gas from the US East Coast has set sail.
EIA: US Shale Output To Rise By 125,000 Bpd In May
Monday, April 16, 2018 US shale oil production is expected to increase in May for the fourth consecutive month, US Energy Information Administration data shows.
Oil Drops As Syria Risk Seen Muted After Weekend Air Strikes
Monday, April 16, 2018 Oil prices dropped as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend.
IEA Says 'Mission Accomplished' For OPEC As Oil Stocks Shrink
Friday, April 13, 2018 OPEC and its allies appear to have accomplished their mission of bringing global oil stocks to desired levels, the International Energy Agency says.
Becoming a 'Permian-Bitcoin' Billionaire May Be Just a Dream
Friday, April 13, 2018 Could turning flared gas in Texas' Permian Basin into electricity to power bitcoin mining be a solution for shale producers?
Baker Hughes: US Drillers Add Oil Rigs For Second Consecutive Week
Friday, April 13, 2018 US energy companies added oil rigs for a second week in a row.
EPA 'Secret' Biofuel Waivers Undercut Trump's Pledge to Farmers
Friday, April 13, 2018 Even as President Trump floats the idea of more ethanol sales, critics says moves by his EPA would undercut the support to corn farmers.
Oil Posts Biggest Weekly Gain Since July Amid Global Conflict
Friday, April 13, 2018 Crude posted its largest weekly gain since July as geopolitical tensions threatened to accelerate the tightening of global supplies.
Shell Sees No Risk Of 'Stranded Assets' As Reserves Life Shrinks
Thursday, April 12, 2018 Royal Dutch Shell says it sees little risk of having 'stranded assets' in its portfolio as the world shifts to low carbon energy.
UAE Says Most Countries In Oil Cut Deal Like Idea Of Long-Term Alliance
Thursday, April 12, 2018 A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers' alliance, the energy minister of the United Arab Emirates says.
OPEC Sees Oil Markets Tighten Further Even As US Shale Booms
Thursday, April 12, 2018 The global oil stocks surplus is close to evaporating, OPEC says.
BLOG: Will We See More Andeavors and Equinors?
Thursday, April 12, 2018 A company re-branding is much more than a new name and logo.
Trump Says He Will Probably Allow E15 Gasoline Sales All Year
Thursday, April 12, 2018 President Trump says his administration may allow the sale of gasoline containing 15% ethanol year-round.
Oil Steady, Near 3-Year Highs On Syria Tensions, Tighter Supply
Thursday, April 12, 2018 Oil prices held steady, remaining close to highs last reached in late 2014.
Report Identifies Emerging Decommissioning Hotspots
Wednesday, April 11, 2018 The Boston Consulting Group identifies several emerging decommissioning hotspots in a new report released Wednesday.
Texas LNG Signs Non-Binding Deals With Chinese, Southeast Asian Buyers
Wednesday, April 11, 2018 Texas LNG has signed eight non-binding deals with potential buyers of LNG.
FAMILY AFFAIR: Father-Son Duo Heads Up Upstream Consulting Company
Wednesday, April 11, 2018 At Sierra Pine Resources International, father and son Bruce and Jason Ganer work through generational differences to successfully deliver solutions to their upstream clients.
What Will It Take to Keep Up With Shale Gas Boom? $170 Billion
Wednesday, April 11, 2018 Bottlenecks on the US natural gas super highway are starting to stack up, raising concerns about whether infrastructure can be built fast enough.
EIA: Crude Stocks Post Surprise Rise As Imports Surge
Wednesday, April 11, 2018 US crude stocks rose unexpectedly last week as imports jumped and production increased to another weekly record, EIA says.
US Crude Hits Highest Since 2014 On Missile Concerns
Wednesday, April 11, 2018 Oil prices jumped, hitting their highest in more than three years.
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