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Drilling & Exploration

At first glance, it would be difficult to view a region with just 27 jackups and only 12 of those contracted as warranting any special attention. However, a deeper dive into the numbers shows that the US Gulf of Mexico (GOM) jackup market has... more

Upstream

The Trump administration plans to lease all 54,000 acres of Nevada’s Ruby Mountains under consideration for oil and gas development, according to public records released this week. more

Drilling & Exploration

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Marcellus Shale Coalition

Chesapeake Energy Corporation announced that it has entered into an agreement to sell its interests in the Utica Shale operating area located in Ohio for approximately $2.0 billion to Encino Acquisition Partners. more

Drilling & Exploration

Land-locked oil producers are running out of options to get key feedstock to market as pipeline and rail capacity fills up and the truck driving shortage intensifies. more

Refining/Petrochemical

Independence Contract Drilling, Inc. and Sidewinder Drilling, LLC jointly announced their entry into a definitive merger agreement pursuant to which ICD will acquire all of the outstanding equity interests in Sidewinder. more

M&A/Investment

Oil prices rose for a second day after data showed U.S. crude inventories fell more than expected, easing worries about oversupply that have dragged on markets in recent weeks. more

Refining/Petrochemical

Shell Exploration and Production Mauritania (C-10) B.V. and Shell Exploration and Production Mauritania (C-19) B.V. (“Shell”) today signed two Production Sharing Contracts with the government of Mauritania... more

Drilling & Exploration

U.S. crude oil production last week hit 11 million barrels per day (bpd) for the first time in the nation’s history. more

Drilling & Exploration

Oil benchmark Brent crude hit a three-month low on Wednesday after a rise in U.S. crude inventories highlighted increasing global supply and concerns over weak demand. more

Refining/Petrochemical

The Federal Energy Regulatory Commission announced no delays of 12 to 18 months regarding the timing of pending applications for liquefied natural gas terminals. more

Tanks/Terminals/Storage

Enterprise Products Partners L.P. announced it is planning to develop an offshore crude oil export terminal off the Texas Gulf Coast. more

Midstream

Wood Mackenzie report maps long-term outlook for global oil supply more

Drilling & Exploration

National Oilwell Varco, Inc. (NYSE: NOV) today announced the signing of an agreement with Saudi Aramco to form a joint venture in the Kingdom of Saudi Arabia....the joint venture will provide high-specification land rigs, rig and drilling equipment more

Drilling & Exploration

Hess Corporation announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC. more

M&A/Investment

Production at Syncrude Canada’s oil sands facility near Fort McMurray, Alberta is likely to remain offline at least through July, a Suncor Energy Inc. spokeswoman reaffirmed on Tuesday. more

Drilling & Exploration

U.S. energy companies this week cut one oil rig, the first reduction in 12 weeks, after drillers started to slow down the rate of additions this month as pipeline constraints put a damper on future production. more

Drilling & Exploration

USGS also estimates 66 trillion cubic feet of natural gas and 1.9 billion barrels of natural gas liquids in the formation more

Drilling & Exploration

Two out of three of EIA's measures of natural gas production in the U.S. set records in 2017. more

Natural Gas

Exxon Mobil Corporation (NYSE:XOM) said today it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. more

Offshore & Marine

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