More Top Stories

Public Capital

Anadarko Petroleum Profit Beats On Higher Sales Volumes, Lower Costs

Anadarko Petroleum, which is the target of a bidding war between Occidental Petroleum and Chevron, beat analysts' estimates for quarterly profit fueled by higher sales volume and lower costs.

Public Capital

Exxon Mobil, Chevron First-Quarter Earnings Expected To Dip

Exxon Mobil and Chevron are expected to report lower quarterly earnings per share when compared with last year, though both are in the midst of aggressive expansion plans in shale oil.

Subsea

Ashtead Technology Grows US Gulf Business With Aqua-Tech Acquisition

Ashtead Technology acquired Louisiana-based subsea equipment rental and cutting services specialist Aqua-Tech Solutions, as part of its international growth plans in the U.S. Gulf of Mexico.

Exploration & Production

Trump Administration Sidelines US Offshore Drilling Plan After Court Ruling

The Trump administration's plans to expand offshore drilling are on hold after a March court ruling blocked drilling in the Arctic and Atlantic, Interior Secretary David Bernhardt says.

Lease Sales

Marketed: Fortuna Resources Development Delaware Basin Minerals, Royalties

Fortuna Resources Development retained PetroDivest Advisors for the sale of mineral and overriding royalty interests within the Delaware Basin of the Permian in West Texas.

Public Capital

Occidental CEO Vicki Hollub Makes Bold Bid For Rival Shale Producer

Occidental CEO Vicki Hollub Makes Bold Bid For Rival Shale Producer (Source: CERAWeek by IHS Markit)

Occidental Petroleum CEO Vicki Hollub has again grabbed the spotlight, as the oil and gas industry trailblazer squares off in a bidding war for Anadarko Petroleum against oil major Chevron.

Trending Stories

Markets

Frac Spread: Untethered From Oil, NGL Prices Languish

Weak natural gas price results in expanded margins even as most NGL prices move little.

Traders: Higher Crude Prices Will Hurt US Exports To Asia

Rally of U.S. Gulf Coast grades like MEH has cut into profitability.

Brent Hits $75 For First Time In 2019 As Russian Exports Cut

Quality issues on Druzhba pipeline halt purchases by Poland, Germany and the Czech Republic.  

China’s CNODC To Buy 10% In Novatek’s Arctic LNG 2

China National Oil and Gas Exploration and Development Co. (CNODC) has signed a binding agreement with Russia’s Novatek to buy a 10% stake in the Arctic LNG 2 project, Novatek said on April 25.

Business

Executive Q&A: The Treadstone Energy Identity

Treadstone Energy Partners co-founder Frank McCorkle is able to see oil and gas challenges in a different light with creative solutions. Just don’t expect his operations to remain clandestine much longer.

Shale Gas Producer Cabot Raises Dividend As Quarterly Profit More Than Doubles

Marcellus shale gas producer Cabot Oil & Gas raised its dividend by 29% after its quarterly profit handily beat analysts' estimates on better-than-expected production and higher prices.

Anadarko Petroleum Profit Beats On Higher Sales Volumes, Lower Costs

Anadarko Petroleum, which is the target of a bidding war between Occidental Petroleum and Chevron, beat analysts' estimates for quarterly profit fueled by higher sales volume and lower costs.

Exxon Mobil, Chevron First-Quarter Earnings Expected To Dip

Exxon Mobil and Chevron are expected to report lower quarterly earnings per share when compared with last year, though both are in the midst of aggressive expansion plans in shale oil.

Technology

Using Disruptive Technology Without Being Disruptive

The integration of machine learning is changing the course of oil and gas operations, Shell and Chesapeake’s tech experts say.

TechnipFMC Sees Return To Growth With New Orders; First-quarter Misses

Oil services company TechnipFMC said it has returned to growth as it booked $6.2 billion in orders, the highest since the last quarter of 2014 when the market crashed.

Ashtead Technology Grows US Gulf Business With Aqua-Tech Acquisition

Ashtead Technology acquired Louisiana-based subsea equipment rental and cutting services specialist Aqua-Tech Solutions, as part of its international growth plans in the U.S. Gulf of Mexico.

XRI Holdings Adds Fountain Quail’s Permian Basin Water Business

The acquisition of Fountain Qual Water Treatment is expected to strengthen XRI Holdings’ network of water midstream systems in the Permian Basin.

Exploration & Production

DUG Permian: Drillinginfo Co-Founder Allen Gilmer On The Permian Heat Map (2019)

Here’s the 411 on where IPs and EURs per lateral foot are transitioning to a “Permian 2019” level in the Midland and Delaware basins as well as trends in leasing and permitting, along with a look at the NW Shelf and the Central Basin Platform.

DUG Permian: Drillinginfo Co-Founder Allen Gilmer On The Permian Heat Map (2019)

Here’s the 411 on where IPs and EURs per lateral foot are transitioning to a “Permian 2019” level in the Midland and Delaware basins as well as trends in leasing and permitting, along with a look at the NW Shelf and the Central Basin Platform.

China’s CNODC To Buy 10% In Novatek’s Arctic LNG 2

China National Oil and Gas Exploration and Development Co. (CNODC) has signed a binding agreement with Russia’s Novatek to buy a 10% stake in the Arctic LNG 2 project, Novatek said on April 25.

Exxon Mobil Boosts Exploration Acreage Offshore Namibia

Exxon Mobil signed an agreement with the state-owned NAMCOR for the addition of exploration acreage offshore Namibia including acquisition of seismic data and analysis.

Transactions

Occidental CEO Vicki Hollub Makes Bold Bid For Rival Shale Producer

Occidental Petroleum CEO Vicki Hollub has again grabbed the spotlight, as the oil and gas industry trailblazer squares off in a bidding war for Anadarko Petroleum against oil major Chevron.

Ashtead Technology Grows US Gulf Business With Aqua-Tech Acquisition

Ashtead Technology acquired Louisiana-based subsea equipment rental and cutting services specialist Aqua-Tech Solutions, as part of its international growth plans in the U.S. Gulf of Mexico.

Trump Administration Sidelines US Offshore Drilling Plan After Court Ruling

The Trump administration's plans to expand offshore drilling are on hold after a March court ruling blocked drilling in the Arctic and Atlantic, Interior Secretary David Bernhardt says.

Marketed: Fortuna Resources Development Delaware Basin Minerals, Royalties

Fortuna Resources Development retained PetroDivest Advisors for the sale of mineral and overriding royalty interests within the Delaware Basin of the Permian in West Texas.

Policy & Regulations

HART ENERGY CONNECT: Geopolitical Issues Effect On Permian Producers

In our final Permian perspectives segment, Tom Petrie analyzes where the basin fits in the ‘new world order.’

Trump Administration Sidelines US Offshore Drilling Plan After Court Ruling

The Trump administration's plans to expand offshore drilling are on hold after a March court ruling blocked drilling in the Arctic and Atlantic, Interior Secretary David Bernhardt says.

Saudi's Falih: No Need For Immediate Action After End Of Iran Oil Waivers

Saudi Arabia's energy minister said he saw no need to raise oil output immediately after the United States ends waivers granted to buyers of Iranian crude.

HART ENERGY CONNECT: Political Challenges Facing Permian Basin Producers

Hart Energy looks at legislative moves across the country and what above-ground challenges oil and gas producers in the Permian Basin might face moving forward. 

Transport

Apache Delays Production Of Permian Natural Gas After Weak Prices

Oil and gas producer Apache said on April 23 it would delay natural gas production from its Alpine High assets in the Permian Basin due to "extremely" low prices.

EIA: US Crude Oil Stockpiles Jump On Rise In Imports

U.S. crude oil stockpiles rose last week to their highest in about a year and a half as imports increased, even as refiners sharply ramped up output, the EIA says.

Cogent Midstream To Build Midland Basin Gas Pipeline

New line will connect Cogent’s Big Lake Processing Complex to Kinder Morgan’s Gulf Coast Express Pipeline.

Mariner East 1 NGL Pipeline Returns To Service

Energy Transfer’s pipeline again moves NGL from Eastern Ohio to Marcus Hook.