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Rig Counts

US Oil Rig Count Falls By Four

Drillers cut four oil rigs in the week to Feb. 22, bringing the total count down to 853, Baker Hughes, a GE company, said in its weekly report.

Public Capital

Shale Producer PDC Energy Gets Activist Challenge From Investor Kimmeridge

Shale Producer PDC Energy Gets Activist Challenge From Investor Kimmeridge

Kimmeridge wants PDC Energy to link executive pay to stock performance, as well as consider strategic moves to bolster its positions in the Denver-Julesburg and Permian basins.

Liquefied Natural Gas (LNG)

FERC Reaches Breakthrough On LNG Certifications

Approval of Venture Global project signals new approach for considering greenhouse gas emissions.

Shale Plays

Energy Transfer Expands Bakken Oil Pipeline Capacity To 570,000 Bbl/d

Increase in capacity reflects the record crude production in the play.

Exploration & Production

Eastern Libyan Military Forces Claim Control Of El Feel Oil Field

LNA spokesman Ahmed Mismari said his forces had allowed planes of oil firms bound for El Feel and the nearby El Sharara oil field to resume flights.

Liquefied Natural Gas (LNG)

Sources: South Korea's KOGAS Sends US LNG Cargoes To Europe

The tight spread between European gas and Asian LNG prices has made it more profitable to send Atlantic-produced LNG to Europe rather than Asia due to the difference in shipping costs.

Trending Stories

More from Markets

Frac Spread: Heavy NGL Rise To Three-Month High

Prices are up for all NGL except ethane at both hubs.

Mexico's Pemex Crude Output Lowest Since Records Began

Mexico's Pemex produced 1.62 million barrels (MMbbl) of crude per day in January, less than any month in almost three decades, the state-owned oil company said on Feb. 22, underscoring the challenges facing a government that vows to pump far more in a few years.

Eastern Libyan Military Forces Claim Control Of El Feel Oil Field

LNA spokesman Ahmed Mismari said his forces had allowed planes of oil firms bound for El Feel and the nearby El Sharara oil field to resume flights.

Sources: South Korea's KOGAS Sends US LNG Cargoes To Europe

The tight spread between European gas and Asian LNG prices has made it more profitable to send Atlantic-produced LNG to Europe rather than Asia due to the difference in shipping costs.

More from Business

Financings For Energy M&A Deals Dries Up

Energy analysts chime in on the current state of capital markets for oil and gas companies and how that affects their outlook for M&A deal flow.

Shale Producer PDC Energy Gets Activist Challenge From Investor Kimmeridge

Kimmeridge wants PDC Energy to link executive pay to stock performance, as well as consider strategic moves to bolster its positions in the Denver-Julesburg and Permian basins.

Exxon Mobil, Microsoft Partnership To Boost Permian Basin Shale

Exxon Mobil expects the use of Microsoft’s cloud technology on the oil major’s Permian Basin operations could generate billions of dollars in value over the next decade.

RS Energy Forms Partnership With FourPoint Energy, LongPoint Minerals

This relationship will allow FourPoint and LongPoint to leverage RS Energy’s solutions, extending the depth and breadth of their technical evaluations while collaborating on innovative future projects.

More from Technology

Exxon Mobil, Microsoft Partnership To Boost Permian Basin Shale

Exxon Mobil expects the use of Microsoft’s cloud technology on the oil major’s Permian Basin operations could generate billions of dollars in value over the next decade.

DOF Subsea Nets Petrobras Charter Trio

DOF has been awarded contracts for three ROV Support Vessels (RSV) with Petroleo Brasileiro SA, the company said on Feb. 22.

TGS To Conduct Multiclient 3D Seismic Survey In The Campos Basin In Brazil

TGS announced a new multiclient 3-D seismic survey in the Campos Basin in Brazil, the company said on Feb. 21.

RS Energy Forms Partnership With FourPoint Energy, LongPoint Minerals

This relationship will allow FourPoint and LongPoint to leverage RS Energy’s solutions, extending the depth and breadth of their technical evaluations while collaborating on innovative future projects.

More from Exploration & Production

Aker Solutions Acquires Brazilian Company, Eyes Opportunities In Brazil’s Mature Fields

The acquisition reinforces the company’s long-term commitment to the country and Aker Solutions’ growing investment in the Brazilian market for mature field services, a company executive said.

Colombia Hopes Auction Will Add 1 Billion Barrels To Oil Reserves

The Colombian government expects investment of about $600 million to explore the 18 onshore oil and gas blocks and two offshore blocks that will begin to be awarded in June.

Israel Chief Geologist To Oil Investors: It’s ‘Time To Join The Party’

Israel’s energy officials believe a deep oil system could extend across an area where it is offering blocks to prospective oil and gas developers.

Turkey Set To Begin Oil And Gas Drilling Off Cyprus

Turkey and the internationally recognized Greek Cypriot government have overlapping claims of jurisdiction for offshore oil and gas research in the eastern Mediterranean, a region thought to be rich in natural gas.

More from Transactions

BP’s BPX Energy Pursues US Shale Mission

Starting March 1, BPX Energy will take over operations of U.S. onshore assets it acquired from BHP on its quest to build a “premier independent onshore company focused on delivering free cash flow on a consistent basis.”

BP’s BPX Energy Pursues US Shale Mission

Starting March 1, BPX Energy will take over operations of U.S. onshore assets it acquired from BHP on its quest to build a “premier independent onshore company focused on delivering free cash flow on a consistent basis.”

Aker Solutions Acquires Brazilian Company, Eyes Opportunities In Brazil’s Mature Fields

The acquisition reinforces the company’s long-term commitment to the country and Aker Solutions’ growing investment in the Brazilian market for mature field services, a company executive said.

Exxon Mobil, Microsoft Partnership To Boost Permian Basin Shale

Exxon Mobil expects the use of Microsoft’s cloud technology on the oil major’s Permian Basin operations could generate billions of dollars in value over the next decade.

More from Policy & Regulations

Here’s A Deal That Will Cost Plenty of Green

One tenet of the non-binding resolution calls for a zero-carbon economy by 2030, eventually leading to the dismantlement of the oil and gas industry while gradually phasing out nuclear power.

Here’s A Deal That Will Cost Plenty of Green

One tenet of the non-binding resolution calls for a zero-carbon economy by 2030, eventually leading to the dismantlement of the oil and gas industry while gradually phasing out nuclear power.

Opinion: Social Media, The DAPL Grapple And Why This Fight Ain’t Over

Energy Transfer played by the rules, built its pipeline and still emerged as the poster child for oil and gas industry villainy. What’s the lesson here?

Kenya Summons Its Ambassador To Somalia As Territorial Row Escalates

Kenya said it had raised concerns with the Somali government a day before the auction after it noticed blocks in what it considers to be its maritime territory were included in the auction.

More from Transport

Frac Spread: Heavy NGL Rise To Three-Month High

Prices are up for all NGL except ethane at both hubs.

Sources: South Korea's KOGAS Sends US LNG Cargoes To Europe

The tight spread between European gas and Asian LNG prices has made it more profitable to send Atlantic-produced LNG to Europe rather than Asia due to the difference in shipping costs.

Shell Midstream Sees $15 Million Impact After Zydeco Pipeline Contracts Expire

The Houston-based affiliate of Shell expects to see a $15 million impact to its net income in the first quarter after two of four contracts on its Zydeco pipeline in Texas and Louisiana expired.

Frac Spread: Heavy NGL Rise To Three-Month High

Prices are up for all NGL except ethane at both hubs.