UK's 'largest undeveloped oil field' discovered off Scottish coast – CNBC


CNBC
UK’s ‘largest undeveloped oil field‘ discovered off Scottish coast
CNBC
According to local media, Hurricane needs to raise about $400 million to develop the project and aims to start producing oil from the field in 2019. The U.K. listed firm’s share price rose 6 percent following the announcement. The North Sea oil
“Largest undeveloped” oil field discovered west of Shetland IslesCommonSpace
‘Billion-barrel’ oilfield found in waters west of ShetlandThe Times (subscription)
Newly discovered oil field west of Shetland could be BIGGEST in North Sea sparking new boom hopesThe Scottish Sun
Market Exclusive –STV News –BBC News
all 45 news articles »

India to hold 2nd round of oil field auction soon, Pradhan says – Hindustan Times


Hindustan Times
India to hold 2nd round of oil field auction soon, Pradhan says
Hindustan Times
India will soon launch the second round of auction of discovered oil and gas fields of state- owned ONGC and Oil India Ltd, Oil Minister Dharmendra Pradhan said on Monday. As contracts for 31 small discovered oil and gas fields auctioned in the first
Successful bidders at small petroleum field auction sign government contractsEconomic Times
Discovered Small Fields‘ Contracts Put on Fast TrackETEnergyworld.com

all 16 news articles »

4 Factors Driving Oil Prices This Summer – OilPrice.com


MarketWatch
4 Factors Driving Oil Prices This Summer
OilPrice.com
Uncertainty is dominating today’s oil markets, with production cuts, ballooning inventories and a rising rig count all adding to oil price volatility. And as the summer driving season approaches and oil companies return to their projects here are four
Oil ends lower as crude producers fail to ease global supply angstMarketWatch
OPEC Anxiety Is Pushing Oil Prices Down Toward $50 a BarrelFortune
Global pact to limit oil supply likely to extend, but demand increase …CNBC
Newsweek –DailyFX –Vanguard
all 487 news articles »

Pro-Extension Voices In OPEC Become Louder – OilPrice.com


NJ.com
Pro-Extension Voices In OPEC Become Louder
OilPrice.com
In a statement, the joint committee of seven oil ministers from the parties to the cut said that the deal could be extended for another six months, depending on how oil’s fundamentals look in June. An earlier version of the statement, however, had the
Don’t look now, but OPEC is losing its ability to control the price of oil …NJ.com
Good luck oil and gas!Business Recorder (press release) (registration) (blog)

all 10 news articles »

Saudis Invited China's Sinopec To Invest In Aramco IPO – OilPrice.com


Barron’s (blog)
Saudis Invited China’s Sinopec To Invest In Aramco IPO
OilPrice.com
Saudi Aramco has invited China’s Sinopec to take part in the upcoming initial public offering (IPO) of the Saudi oil company planned for next year, the Chinese firm’s chairman Wang Yupu said on Monday. China Petroleum & Chemical Corp, as Sinopec is …
Oil Today: Saudis Slash Taxes, OPEC On Hold, Petrobras CEO StaysBarron’s (blog)
Brent Crude Oil: Price Is Under PressureInvesting.com

all 60 news articles »

Spring gasoline price run-up hobbled this year as oil falls below $50 – cleveland.com


NJ.com
Spring gasoline price run-up hobbled this year as oil falls below $50
cleveland.com
The annual spring gasoline price run-up is late and may not be much of a spike even if OPEC manages to hold its members together in a six-month effort to cut production in order to drive oil prices higher. The average price of a gallon of gasoline in
What’s keeping NJ gas prices stable?NJ.com
Pittsburgh-area gasoline prices continue rare springtime declinePittsburgh Post-Gazette
Gas prices rise in Houston areaFuelFix (blog)
Wgnsradio –Sun Sentinel –The Albany Herald
all 57 news articles »

All Drill, No Pump: Oil Producers Are Leaving Thousands of US Wells Unfinished – Fortune


Fortune
All Drill, No Pump: Oil Producers Are Leaving Thousands of US Wells Unfinished
Fortune
U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country—a sign that output may not rise as swiftly as drilling activity would indicate. Rising U.S
Q&A: Statistics executive is bullish on US oil productionHouston Chronicle

all 21 news articles »

Rig operators and maintenance crews, the forgotten casualties of the oil price crash – Telegraph.co.uk


Telegraph.co.uk
Rig operators and maintenance crews, the forgotten casualties of the oil price crash
Telegraph.co.uk
Since oil prices plunged last year to below $30 a barrel for the first time in over a decade, producers have taken centre stage, first with record losses and job cuts, and then, with the green shoots of the recovery, new market listings and a string of

Global pact to limit oil supply likely to extend, but demand increase crucial to sustain prices: Analyst – CNBC


CNBC
Global pact to limit oil supply likely to extend, but demand increase crucial to sustain prices: Analyst
CNBC
The current attempt to limit the supply of oil may have boosted prices, building up a case for such effort to be extended, but a pick-up in demand is what needed to support a bull case for oil, an analyst told CNBC Monday. That viewpoint came after a
Crude Oil Price Rises, Then Slips: Supply Cut Extension DeferredDailyFX
Oil Prices Plunge With US Production SoaringNewsweek
Oil Output Cuts Won’t Work – Economic Change Means Opec Has Lost Control Of The PriceForbes
OilPrice.com –MarketWatch
all 341 news articles »

Gulf oil lease sales reflect better market – The Daily Advertiser


The Daily Advertiser
Gulf oil lease sales reflect better market
The Daily Advertiser
Wednesday’s oil and gas lease sale in the Gulf of Mexico showed a substantial increase in activity over last year, the U.S. Department of Interior reported. An issued statement from Interior Secretary Ryan Zinke said Lease Sale 247 drew $274,797,434 in
Shell leads more active Gulf of Mexico federal oil lease saleSeeking Alpha
Shell Offshore leads way in more-active US central gulf lease salePennEnergy

all 28 news articles »

Deal-Making Accelerating In The Oilfield Services Sector – Forbes


Forbes
Deal-Making Accelerating In The Oilfield Services Sector
Forbes
Despite the recent slide in oil prices, deal-making in the oil and gas sector has been brisk this week. It’s been the usual mix of oil majors shedding assets to focus on higher-return assets — Chevron Corp. selling its South African assets to China’s
All Drill, No Pump: Oil Producers Are Leaving Thousands of US Wells UnfinishedFortune
Q&A: Statistics executive is bullish on US oil productionHouston Chronicle

all 17 news articles »

Deal-Making Accelerating In The Oilfield Services Sector – Forbes – Forbes


Forbes
Deal-Making Accelerating In The Oilfield Services Sector – Forbes
Forbes
Industry watchers think more consolidation in oilfield services is coming, given that the sector has stabilized somewhat and there’s limited organic growth …
All Drill, No Pump: Oil Producers Are Leaving Thousands of US Wells UnfinishedFortune
Q&A: Statistics executive is bullish on US oil productionHouston Chronicle

all 11 news articles »

Halliburton adding 2000 US jobs as oil-field activity picks up – mySanAntonio.com


mySanAntonio.com
Halliburton adding 2000 US jobs as oilfield activity picks up
mySanAntonio.com
Halliburton on Friday said it’s adding 2,000 U.S. jobs in the first quarter and ramping up activity faster than anticipated to try to match the surging oilfield activity, especially in West Texas. In a rare operations update call, Halliburton Chairman
Halliburton to hire 2000 on upstream reboundHouston Business Journal
Halliburton Warns Of First-Quarter Profit Miss As Costs RiseOil and Gas Investor (registration)

all 10 news articles »