Economics/Statistics
News
October 31, 2019
The move is a boon to explorers constrained by the curtailment program imposed this year to stave off a collapse in western Canadian heavy crude prices brought on by a lack of pipeline space.
News
October 31, 2019
Well, it has finally happened. A perfect combination of overly aggressive environmental activism, combined with fumbling by governmental authorities, has incapacitated the Canadian oil industry. (World Oil Editorial)
News
October 31, 2019
“Our involvement in the early stages of the project means we can work with KPO across a range of work to optimize the Karachaganak field with a focus on achieving an outstanding safety performance and operational excellence,” said Mark Fields, group president of Fluor’s Energy & Chemicals business.
News
October 31, 2019
Petrobras has been using Emerson’s exploration and production software for over 25 years, including solutions for interpretation and modeling, reservoir characterization, formation evaluation and seismic processing.
News
October 31, 2019
"A domicile in the United States will expose our Company to increasingly larger pools of investment in U.S. index funds and passively managed accounts, as well as better align us with our U.S. peers," said CEO Doug Suttles.
News
October 30, 2019
Total has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo BV — which holds an 86.95% interest in Block CA1, located 100 kilometers off the coast of Brunei — to Shell1 for $300 million.
News
October 30, 2019
In previous market slumps, fracers parked unused equipment to await a revival in demand, but this time it’s different: Gear is being stripped down for parts or sold for scrap.
News
October 30, 2019
Dolphin Drilling has announced a two-month contract extension with i3 Energy for use of the Borgland Dolphin semi-submersible drilling rig and agreed to enter into a four-year strategic operations agreement between both companies.
News
October 29, 2019
Saudi Arabia’s Energy Minister Prince Abdulaziz said his country is ready to make deeper cuts in oil output than it agreed to with other global producers, according to Nigerian Minister of State for Petroleum Resources Timipre Sylva.
News
October 29, 2019
ConocoPhillips posted higher-than-expected third-quarter earnings as the world’s largest independent oil producer generated almost $1 billion of free cash flow despite lower crude prices.
News
October 29, 2019
BP reported profit that beat analyst estimates as a strong refining performance offset the effect of lower oil and natural gas prices, and bad weather that curbed production.
News
October 29, 2019
Shale Support Global Holdings has signed an extension to continue working with Shale Rail as the exclusive supply company for a Wysox, Pennsylvania, facility.
News
October 29, 2019
The survey extends TGS’ leading onshore seismic data coverage in the core of the SCOOP and STACK in the Anadarko Basin.
News
October 29, 2019
The software as a service enables users to load, ingest, manage and access log, well and other E&P data across different locations for greater efficiency and productivity throughout Repsol’s asset portfolio.
News
October 28, 2019
“Independent, unbiased analysis can shed a light of truth on management projections,” said Nick Volkmer, RS Energy’s vice president of intelligence. “It’s well-known that management teams are often compensated for production and reserves growth, incentivizing optimism and a rosy view of the future.”
News
October 28, 2019
Oil fell for the first time in a week amid renewed signs of swelling crude inventories in the world’s biggest economy.
News
October 28, 2019
Slumping energy prices, sluggish global demand and shrinking chemical margins are weighing on the oil industry as its biggest names prepare to announce quarterly results to investors demanding ever-higher payouts.
News
October 27, 2019
Oil posted the biggest weekly gain in more than a month as supplies tightened and the White House signaled progress on U.S.-China trade talks.
News
October 27, 2019
Nalcor Energy – Bull Arm Fabrication has signed an agreement with DF Barnes that will have the Site play host to the ultra-deepwater semi-submersible drill rig, Transocean Barents, as it readies for further exploration work offshore Newfoundland in 2020.
News
October 27, 2019
The high-profile geologist leading one of Apache Corp.’s most-important exploration ventures has stepped down. The company’s shares and bonds tumbled, and the cost to insure against default surged.
News
October 27, 2019
Money managers boosted their net-long position on West Texas Intermediate crude for the first time since mid-September in the week ended Oct. 22, data released Friday show.
