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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

Paramount Resources Ltd. announced it has entered into a purchase and sale agreement with Strath Resources Ltd. (“Strath”) pursuant to which Strath will acquire Paramount’s oil and gas properties and related infrastructure. more

M&A/Investment

The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said today. more

Offshore & Marine

The 2018 Downstream Conference & Exhibition will highlight and address the most pressing industry challenges, new technologies and industry developments that will shape the downstream industry for decades. more

Downstream

The 2018 Downstream Conference & Exhibition will highlight and address the most pressing industry challenges, new technologies and industry developments that will shape the downstream industry for decades. more

Videos

Shell made a large, deepwater, exploration discovery in the U.S. Gulf of Mexico with its Dover well. more

Offshore & Marine

More than half the total oil rigs are in the Permian basin in west Texas and eastern New Mexico. Active units there increased by six this week to 458, the most since January 2015. more

Drilling & Exploration

'Resurgent' U.S. petrochemicals industry to help boost global oil demand more

Drilling & Exploration

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