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The latest oil and gas news from around the world.
Updated: 2 hours 10 min ago

Russia Makes More Money from OPEC+ Deal than Saudis

Fri, 11/15/2019 - 08:00
Russia has earned more money this year from the OPEC+ deal than Saudi Arabia.

Equinor Buys Inspection Services for Over $380MM

Fri, 11/15/2019 - 08:00
Equinor has chosen suppliers for inspection services on all its offshore installations on the Norwegian continental shelf and onshore plants in Norway.

Are Investors Really Leaving Oil and Gas?

Fri, 11/15/2019 - 08:00
The reality is the oil and gas sector is way too big and diverse for major institutional investors to not incorporate.

3D Printing On Track to Become Vital in Oil and Gas

Fri, 11/15/2019 - 08:00
3D printing is on track to become a vital component within oil and gas, according to data and analytics company GlobalData.

Saipem to Consider Combining with Subsea 7

Fri, 11/15/2019 - 08:00
Saipem is considering a combination with rival Subsea 7 to create a larger European oil services provider, people with knowledge of the matter said.

Oil Up as Market Weighs Trade Deal Against Supply

Fri, 11/15/2019 - 08:00
Oil pared a weekly loss as investors weighed signs of progress in the U.S.-China trade war against swelling American crude inventories.

Oil Prices Stay Range-Bound and Boring

Thu, 11/14/2019 - 08:00
WTI and Brent crude oil prices showed some positive momentum early Thursday but ultimately posted day-on-day-losses.

Venezuela is Secretly Exporting Millions of Barrels of Oil

Thu, 11/14/2019 - 08:00
Secret ships are boosting Venezuelan oil exports despite sanctions.

Billionaires Circle Distressed US Oil, Gas Patch

Thu, 11/14/2019 - 08:00
Billionaires are circling the distressed U.S. oil and gas patch, looking to pick up assets on the cheap at a time when the state of the industry is scaring off other investors.

Total and ADNOC Plan Seismic Drone Project

Thu, 11/14/2019 - 08:00
The project will use a fleet of drones to drop off thousands of seismic sensors throughout Abu Dhabi and unmanned ground vehicles to retrieve them.

US Shale Operators Show 'Impressive Execution' in 2019

Thu, 11/14/2019 - 08:00
U.S. shale companies are set to grow their 2019 oil production by 16%, thanks to impressive execution.

Shell Affirms Commitment to Canada as Other Oil Majors Flee

Thu, 11/14/2019 - 08:00
Royal Dutch Shell Plc is reassuring investors, workers and anyone else who will listen that it's the international oil major that's staying in Canada as others pull up stakes.

ExxonMobil Awards Guyana Subsea Contract

Thu, 11/14/2019 - 08:00
Saipem will begin limited activities under its latest contract from ExxonMobil's Guyana subsidiary.

Callon, Carrizo Amend Acquisition Deal Amid Shareholder Opposition

Thu, 11/14/2019 - 08:00
Following months of opposition from one of its largest shareholders, Callon Petroleum Company has lowered its acquisition offer for rival Permian player Carrizo Oil & Gas, Inc.

US Boosts Oil Output Forecast

Thu, 11/14/2019 - 08:00
The pioneers of the U.S. shale boom are warning of a slowdown in oil production growth, but it appears the U.S. government doesn't agree.

ADNOC Drilling Announces Major Rig Fleet Expansion

Thu, 11/14/2019 - 08:00
ADNOC Drilling announces a 'major' rig fleet expansion program 'to support ADNOC's upstream growth plans'.

EIA Raises Oil Price Forecast

Thu, 11/14/2019 - 08:00
The U.S. Energy Information Administration has raised its Brent oil price forecast.

Oil Up After Report Points to US Inventory Drop

Thu, 11/14/2019 - 08:00
Oil rose for a second day after an industry report pointed to a drop in U.S. inventories.

Hacker Wants Near $5MM Ransom from Pemex

Wed, 11/13/2019 - 08:00
The hacker behind a cyberattack that has crippled Petroleos Mexicanos's computer systems since the weekend is hoping to squeeze almost $5 million out of the company.

Oil Prices Finish Higher at Midweek

Wed, 11/13/2019 - 08:00
The WTI and Brent crude oil benchmarks traded higher Wednesday.

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