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Drilling & Exploration

Ensco plc and Rowan Companies plc have entered into a definitive transaction agreement under which Rowan will combine with Ensco in an all-stock transaction. more

M&A/Investment

Executives at the world’s biggest oil and gas companies are under growing pressure to loosen the purse strings to replenish reserves, halt output declines and take advantage of a crude price rally after years of austerity. more

Drilling & Exploration

The west Texas drillers that drove the shale revolution have overwhelmed the region’s infrastructure with oil production -driving up costs, depressing regional oil prices and slowing the pace of growth. more

Drilling & Exploration

Oil rose on Friday, clawing back some territory after prices fell by the most in a month in the previous session, as the focus returned to supply concerns ahead of a November deadline for U.S. sanctions on Iranian crude. more

Drilling & Exploration

U.S. shale producers are locking in prices for their production as much as three years into the future in a sign that strong domestic crude pricing is nearing a peak, according to market sources familiar with money flows. more

Drilling & Exploration

The United States likely surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year, based on preliminary estimates in EIA’s Short-Term Energy Outlook (STEO). more

Drilling & Exploration

Permian producers increased their 2020 oil-basis hedge positions by 431% in Q2 2018, according to Wood Mackenzie's latest analysis of oil and gas hedging activity. more

Drilling & Exploration

Oil prices rose on Tuesday as U.S. sanctions squeezed Iranian crude exports, tightening global supply despite efforts by Washington to get other producers to increase output. more

Drilling & Exploration

Maersk Drilling and Aker BP have agreed to a one-year contract to deploy high-performance rig Maersk Integrator on the Norwegian shelf from June 2019. more

Offshore & Marine

Oil and gas producer Southwestern Energy Co (SWN.N) agreed to sell its Fayetteville shale assets in Arkansas to privately owned Flywheel Energy LLC in an all-cash deal valued at about $1.87 billion. more

M&A/Investment

Transocean rig

Reuters

Offshore oil driller Transocean Ltd said on Tuesday it would buy peer Ocean Rig UDW Inc in a $2.7 billion cash-and-stock deal. more

Upstream

Ethane prices at Mont Belvieu, Texas, from August 1–28, 2018, averaged $2.38 per million British thermal units (MMBtu) higher than natural gas spot prices at the U.S. benchmark Henry Hub in Louisiana during that same period. more

Natural Gas

ExxonMobil has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development. more

Upstream

Italian oil major expects to invest $1.795 billion(1.37 billion pounds) in three offshore Mexican oil fields by 2040, according to a development plan approved by Mexico’s oil regulator on Tuesday. more

Offshore & Marine

Oil companies looking for the next big find are wading into the Powder River Basin of Wyoming, where pipelines are not congested and land is cheaper than in Texas’ Permian Basin, the world’s fastest-growing oil producing region. more

Drilling & Exploration

Gross production of natural gas in the United States has generally been increasing for more than a decade and in recent months has been more than 10% higher compared with the same months in 2017. more

Natural Gas

EIA’s August Short-Term Energy Outlook (STEO) forecasts that U.S. crude oil production will average 10.7 million barrels per day (b/d) in 2018 and 11.7 million b/d in 2019. If realized, both of these forecast levels would surpass the previous record. more

Refining/Petrochemical

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

NJI_Marcellus_ShaleMapInfo_Utica_20120517_v41.jpg

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

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