RSS

Drilling & Exploration

Energy projects that need oil prices above $60 per barrel in order to break even risk being uncommercial going forward. Read more

Drilling & Exploration

Economists are predicting an uptick in oil and gas drilling activity in the Gulf of Mexico over the next two years, which will spur economic recovery and job growth in Louisiana, particularly in the Acadiana and Bayou region energy hubs. Read more

Drilling & Exploration

Pemex

Anton Ivanov

Output averaged 1.66 million bpd last month, or about 50,000 barrels less than in September. Read more

Drilling & Exploration

In a pivotal shift, the U.S. is only months away from full energy independence. Read more

Drilling & Exploration

U.S. shale operators are on track to grow 2019 oil production by around 16% over 2018 Read more

Drilling & Exploration

Maersk Drilling has entered a contract with BG International Ltd., a subsidiary of Shell, for work offshore Trinidad and Tobago on a two-well development project for the semi-submersible rig Mærsk Developer. Read more

Drilling & Exploration

Repsol acquires Equinor's stake in Eagle Ford (Texas), through which it gains control of 100% of this asset and becomes the operator. Read more

M&A/Investment

Maersk Drilling has secured a one-well contract for the ultra-harsh environment jack-up rig Maersk Interceptor with MOL Norge for exploration drilling on PL617 in the Southern North Sea. Read more

Upstream

Iran has discovered a new oilfield in the southwest of the country that has the potential to boost its reserves by about a third. Read more

Drilling & Exploration

Flaring and venting of natural gas in the Permian Basin in Texas and New Mexico reached a new all-time high in the third quarter of 2019. Read more

Natural Gas/LNG

Maersk Drilling has entered into a contract with Serica Energy UK Ltd. to drill a subsea development well at the Columbus Development in the Central part of the UK North Sea. Read more

Drilling & Exploration

On 28 October 2019 BP announced a major gas discovery, Orca-1, off the coast of Mauritania. Read more

Drilling & Exploration

Of the 38 global oil and gas discoveries made in Q3 2019, six were located in Norway. Read more

Drilling & Exploration

Maersk Drilling has secured a contract for the 7th generation drillship Maersk Viking which will be employed by the POSCO International Corporation, a Korean operator, for a three-well campaign offshore Myanmar. Read more

Drilling & Exploration

The steady fall of the U.S. onshore drilling rig count is increasingly raising questions about whether U.S. oil production will grow in 2020. Read more

Drilling & Exploration

Rystad Energy expects exports to balloon and reach 4.7 million bpd by the end of 2020 and nearly 6 million bpd by the end of 2022. Read more

Offshore & Marine

U.S. oil and gas employment has started to fall as the sector contracts in response to lower prices over the last year – and further job losses are likely in the next few months as the rate of well drilling declines further. Read more

Drilling & Exploration

Santos announced today its plans to acquire ConocoPhillips’s northern Australian portfolio. Read more

Upstream

U.S. oil, gas and NGLs continue to grow at a rapid pace, with almost all of that growth stemming from the Permian Basin and Eagle Ford play. Read more

Drilling & Exploration

Equinor has been awarded exploration acreage in the Northern Carnarvon Basin offshore Western Australia. Read more

Drilling & Exploration