Industry News

Prysmian taps into IBM Cloud

9 April 2020, 8:56am

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Elia and 50Hertz looking for UXO consultancy

9 April 2020, 8:43am

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EU LNG import bill hits 16.2 billion euros

9 April 2020, 8:41am

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Shell extends contract for Petrojarl Knarr FPSO

9 April 2020, 8:40am

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Total Selling Non-Core Assets for $400MM+

9 April 2020, 8:33am
Total has revealed that it is selling several 'non-core' assets worth more than $400 million.
Read more... (source: www.rigzone.com)


Star of the South plans land on governmental desks

9 April 2020, 8:30am

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Oil Up With Producers Edging Toward Deal

9 April 2020, 8:11am
Oil extended gains as the world's top oil producers appeared to be moving closer to a deal to curb output.
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BIMCO: Shipbuilding orders spiral down

9 April 2020, 8:09am

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Energean sees uplift in Karish North volumes, adds to development plan

9 April 2020, 7:40am

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Kosmos sheds light on Greater Tortue Ahmeyim delay

9 April 2020, 7:35am

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Kraken teams up with Greensea Systems

9 April 2020, 7:26am

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CargoSmart, Cosco and Tesla in blockchain trial

9 April 2020, 7:18am

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Oil Climbs After Russia Indicates Willingness on Production Cuts

8 April 2020, 8:31pm
Oil is drawing support from investors who are focused on Saudi Arabia and Russia ironing out plans for a global supply-curb agreement.
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Mexico Refuses to Cut Oil Output

8 April 2020, 5:19pm
Pemex aims to nearly double drilling to 423 wells this year and accelerate development of 15 recent discoveries.
Read more... (source: www.rigzone.com)


Shale Cuts to Fall on Smaller Drillers as Glut Crushes Market

8 April 2020, 5:01pm
US shale drillers are engaged in a bitter test of wills as sinking oil prices force the weakest operators to retreat.
Read more... (source: www.rigzone.com)


Oil Demand Slumps in India as Third-Biggest Buyer Shuts Down

8 April 2020, 3:58pm
Oil demand in the world's third-biggest consumer has collapsed by 70 percent as India endures the planet's largest national lockdown, according to refiners.
Read more... (source: www.rigzone.com)


Marathon Will Take Frac Holidays to Cut Spending

8 April 2020, 3:15pm
The company is reducing spending this year to about half of 2019 levels, joining a parade of shale drillers doing the same.
Read more... (source: www.rigzone.com)


EIA's Short-Term Energy Outlook is the source for EIA's latest analysis of energy markets

8 April 2020, 1:00pm
The Short-Term Energy Outlook (STEO) provides the U.S. Energy Information Administration's (EIA) near-term perspective on energy markets. Each month, the STEO provides forecasts through the end of the next calendar year for consumption, supply, trade, and prices across major fuel types. In addition, the STEO provides in-depth market analysis for crude oil, petroleum products, and natural gas markets. Although its emphasis is on U.S. energy markets, the STEO also includes forecasts for certain international liquid fuels markets.
Read more... (source: www.eia.gov)


Vallourec, Universal Pressure Pumping Add to Oilpatch Layoffs

8 April 2020, 12:02pm
Combined, the companies are releasing about 1,080 workers.
Read more... (source: www.rigzone.com)


Abraxas Petroleum Falls Out of Compliance With NASDAQ

8 April 2020, 12:00pm
The company failed to file its Form 10-K for the period ended Dec. 31, 2019.
Read more... (source: www.rigzone.com)


Plains Cuts Capital Program by 33 Percent

8 April 2020, 11:58am
The company also closed an asset sale for $165 million.
Read more... (source: www.rigzone.com)


SandRidge Names New CEO to Lead Right-Sizing Efforts

8 April 2020, 11:58am
The new exec has proven cost and operational turnaround experience at public oil and gas companies.
Read more... (source: www.rigzone.com)


North American Associated Gas Output Could Fall 10 Bcfd

8 April 2020, 11:58am
IHS Markit sees big changes on the horizon for the North American natural gas supply.
Read more... (source: www.rigzone.com)


Oxy Shuffles Leadership, Appoints New CFO

8 April 2020, 11:54am
While the company did not name reasons for the management change, it did note that Cedric Burgher will transition to another Oxy role.
Read more... (source: www.rigzone.com)


Energy Survey Reflects Steep, Ongoing Activity Decreases

8 April 2020, 11:54am
Expectations for future activity also fell, as most firms do not expect energy prices to return to profitable levels this year.
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ExxonMobil Cuts $10B from 2020 Capex

8 April 2020, 11:53am
The supermajor is lowering its 2020 capital spending by 30 percent and its cash operating expenses by 15 percent.
Read more... (source: www.rigzone.com)


Who Is In and Out of OPEC++ Output Deal?

8 April 2020, 11:47am
The Organization of Petroleum Exporting Countries and its allies are set to meet by video conference at 4 p.m. Vienna time on Thursday.
Read more... (source: www.rigzone.com)


Ineos Delays FPS Shutdown to Spring 2021

8 April 2020, 11:30am
Ineos FPS revealed Tuesday that it has postponed its Forties Pipeline System summer shutdown to spring 2021.
Read more... (source: www.rigzone.com)


US Will Return to Being Net Importer of Oil

8 April 2020, 10:01am
The United States will return to being a net importer of crude oil and petroleum products in the third quarter of 2020, according to the EIA.
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New Oil Discovery Made in Norwegian Sea

8 April 2020, 8:17am
Wintershall Dea revealed Tuesday that it has made an oil discovery at the Bergknapp prospect in the Norwegian Sea.
Read more... (source: www.rigzone.com)


Oil Up with Impact of Possible Oil Cuts in Focus

8 April 2020, 8:03am
Oil rose after a two-day drop as investors weighed whether output cuts being discussed by the world's top producers will be enough to offset the demand destruction wrought by the coronavirus.
Read more... (source: www.rigzone.com)


EIA's Hourly Electric Grid Monitor provides timely data about electricity usage patterns

6 April 2020, 12:00pm
The U.S. Energy Information Administration's (EIA) Hourly Electric Grid Monitor provides up-to-the-hour information showing electricity demand across the U.S. electric grid. Large-scale events that affect normal routines, from expected occurrences such as major holidays to unexpected situations such as the current COVID-19 pandemic, can change the pattern of electricity usage in the country.
Read more... (source: www.eia.gov)


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