Economics/Statistics
News
December 18, 2019
Oil steadied at the highest level since September after the U.S. government reported a surprise draw in crude inventories.
News
December 18, 2019
Maersk Drilling has received notification that Perenco is cancelling the previously announced three-well contract for the jack-up rig Maersk Resolute in the UK North Sea.
News
December 18, 2019
Big Spring is the second of three facilities in Milestone’s previously announced 2019 construction program, and part of a broader goal to build the largest, most environmentally-conscious oilfield waste disposal network in the Permian basin.
News
December 18, 2019
Even as growth is set to slow next year in the Permian and elsewhere as drillers respond to investor demands for capital restraint, U.S. Energy Secretary Dan Brouillette said the shale boom has further to run.
News
December 18, 2019
The transaction between Devon Energy and a Kalnin Ventures unit includes over 320,000 gross acres and 4,200 producing wells.
News
December 18, 2019
While drilling activity in the Permian has been cooling in recent months, the business of supplying water to shale producers in the biggest U.S. oil patch – and disposing of the wastewater – continues to attract private equity.
News
December 17, 2019
Nissan Chemical America Corporation has partnered with industrial gas supplier, Messer Americas, to improve oil and gas production.
News
December 17, 2019
Magma Global has been selected by C-Innovation to supply m-pipe thermoplastic composite subsea jumpers for flowline intervention in the Gulf of Mexico. The 4-inch diameter 10ksi m-pipes are expected to be deployed in the next few months.
News
December 17, 2019
ABB has signed a new frame agreement to deliver safety and automation systems across Equinor’s installed base and greenfield projects worldwide, helping minimize cost, schedule and risk.
News
December 17, 2019
The agreement will be managed from DNV GL’s office in Stavanger, Norway and supported with a global network of 2,000 technical experts, with global services ranging from verification and environmental to due diligence studies.
News
December 17, 2019
Maersk Drilling has secured a three-well contract for the semi-submersible rig Maersk Discoverer with BP for development drilling at the Matapal project offshore Trinidad and Tobago.
News
December 17, 2019
China is breaking records for crude oil imports, and isn’t likely to stop soon as new refineries ramp up and hopes grow that the easing of trade tensions with the U.S. will bolster the economy.
News
December 16, 2019
Talos president and CEO Timothy S. Duncan commented, "The acquisition of these assets significantly strengthens Talos's position as a basin-leading independent E&P company, providing increased scale and free cash flow, greater operational diversity and broader optionality in future growth.”
News
December 16, 2019
Equatorial Guinea forecasts investments of at least $1.4 billion in its hydrocarbon sector next year through the development of oil projects and an increase in exploration.
News
December 16, 2019
Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a project management services contract to support BP’s operations in Azerbaijan and Georgia.
News
December 16, 2019
A new compensation format will help improve efficiency as Equinor awards new framework agreements for safety and automation systems with five suppliers.
News
December 13, 2019
"Base decline is the volume that oil and gas producers need to add from new wells just to stay where they are—it is the speed of the treadmill,” said Raoul LeBlanc, vice president of unconventional oil and gas at IHS Markit.
News
December 13, 2019
Futures closed 1.5% higher in New York on Friday, buoyed by a partial truce in the U.S.-China trade war that has imperiled demand all year. Chinese officials said the countries agreed to hold off on a new round of tariffs set to go into effect in a matter of days.
News
December 13, 2019
The company emerges with a stronger financial foundation, having reduced approximately $6.2 billion of outstanding funded debt, secured $2.6 billion in exit financing facilities, including a $450 million revolving credit facility, secured a $195 million letter of credit facility, and secured over $900 million of liquidity.
News
December 13, 2019
SandRidge Energy Inc., the oil and natural gas producer pushed by activist investor Carl Icahn to pursue a sale last year, said CEO Paul McKinney will resign as the company evaluates its 2020 spending plan.
News
December 13, 2019
Energy equity carnage was alive and well throughout 2019, and the start of 2020 could bring more of the same for the beaten-up sector, though some analysts are turning positive.
