Jennifer
Presley
E&P
Latest News
Drilling
E&P Drilling Tech Spotlight: High-performance Solid Expandables
The development of HP/HT solid expandable systems extends capabilities for oil and gas operators to address the growing extremes of HP/HT wellbore construction.
Subscribe now and get unmatched coverage of the energy industry.
Subscribe
More Top Stories
Latest in Video
See All Videos
Trending Stories
MarketsSee More
Oil and Gas Investor At Closing: Looking for the ‘V-shape’
We have to bet on pent-up demand. The recovery appears to be ‘V-shaped’ in most markets. We hope to see that in the energy world as well.
Sources: Russian Oil Output Dips Toward OPEC+ Quota Limit
Energy Ministry ordered companies to cut production by 20%.
WTI Crude Strengthens as Certain Stimulus Measures to Continue
Another drawdown in U.S. crude stockpiles in official weekly data to be released on May 20 could support oil prices more, said John Kilduff, a partner at Again Capital Management in New York.
Past its Peak? Battered Oil Demand Faces Threat from Electric Vehicles
Analysts question whether fossil fuels can fully bounce back from the pandemic setback.
BusinessSee More
Sustained Outperformance Needed from Public E&Ps
Before the coronavirus pandemic and the oil price war, public investors had already thrown down the gauntlet to E&Ps. Companies, arguably, were learning to adapt, and they must keep doing so to access public capital in the new environment.
Halliburton Slashes Dividend by 75% in Latest Move to Save Cash
Halliburton and larger rivals Schlumberger Ltd. and Baker Hughes Co. posted losses for the first quarter, owing to heavy writedowns on assets on the back of low oil prices.
Dallas Fed: US Energy Capital Spending to Keep Falling Amid Industry Collapse
A bright spot is that U.S. banks are not overly exposed to the oil sector's crisis.
Diamondback Energy Prices $500 Million Debt Offering
Proceeds will be used to fund a cash tender offer that commenced May 18 for the purchase of notes Diamondback Energy acquired through its merger with Energen in 2018.
TechnologySee More
Google Halts Development of AI for Oil Exploration
Tech giant says it will honor contracts, but pulls away from energy partnerships following the release of a Greenpeace report.
Oceaneering Wins Middle East Asset Integrity Contract
Oceaneering International Inc. has been awarded a considerable asset integrity contract on May 20 from a major operator based in Dubai, UAE.
ThoughtTrace Raises $10 Million to Advance AI-driven Contract Analytics Software
ThoughtTrace Inc., a leading document intelligence and contract analytics software provider, has closed a $10 million financing on May 20 led by McRock Capital, along with Chevron Technology Ventures and existing investor Altira Group.
Danos Wins Work in Delaware Basin
Located outside of Loving, New Mexico, project work began in March and is expected to be completed by the end of August 2020.
Exploration & ProductionSee More
Born in the Bakken
U.S. tight rock oil production exceeded 9 million barrels per day in March, according to the U.S. Energy Information Administration. The story began 20 years ago in Richland County, Mont., with a prospector, two wildcatters, Halliburton and a bold venture: land a lateral in the middle Bakken—and frac it.
6 Key Considerations for E&Ps Navigating Low Oil Prices
Find out what E&P companies need to know as they navigate through the impact of a negative and/or depressed oil and gas commodity pricing environment.
Frac Horsepower Utilization Falls Alongside Sand Demand
Analysts say signs of market recovery are emerging, with some improvement expected later this year for frac companies and sand suppliers.
Looking Downstream for Signs of Shale Recovery
Energy experts discuss market recovery for shale players and water dynamics.
TransactionsSee More
Will Debt-Laden MLPs be the Next Oil, Gas Takeover Targets?
Private equity firms are on the prowl for valuable assets at a discount, investment executive says.
On the Market Oil and Gas Quicklist (Week of May 20, 2020)
Here’s a quicklist of oil and gas assets on the market including a package of royalty interests located in Northern Oklahoma and Southern Kansas as part of a planned dissolution of the SandRidge Mississippian Trust II.
Total Calls Off Acquisition of Occidental Petroleum’s Ghana Asset
The deal was part of an $8.8 billion agreement reached between Total and Occidental to over Anadarko Petroleum's assets in Mozambique, Ghana, Algeria, and South Africa.
Diversified Gas & Oil Discloses Second Bolt-on Deal with EQT
Diversified Gas & Oil’s EQT bolt-on, and an earlier deal with Carbon Energy, add upstream and midstream Appalachia assets primarily in West Virginia and Pennsylvania.
Policy & RegulationsSee More
US Energy Department Continues Efforts to Help Oil Companies
Companies of all sizes have been coping with lower oil prices caused by a supply-demand imbalance fueled by the global COVID-19 pandemic.
New York Denies Williams Northeast Supply Natgas Pipe
State agency says construction of NESE would violate water quality standards.
First US Crude Oil Shipment Heads to Belarus, Pompeo Says
The first shipment of U.S. crude oil is heading to Belarus this week, fulfilling a commitment made in February, U.S. Secretary of State Mike Pompeo said.
Germany Denies Nord Stream 2 Pipeline Waiver of EU Rules
Rules apply to operation, not construction of gas pipeline.
MidstreamSee More
OPINION: US Oil Stocks Stabilize as Industry Adapts to Shock
Excess crude inventories are easing, with refined fuel stocks taking longer as consumption lags.
GPA Midstream Announces Annual Awards
DCP Midstream captures environmental excellence and energy conservations honors; Bartlett wins lifetime achievement.
Roof-raising Completed for Venture Global’s Second Calcasieu Pass LNG Storage Tank
Milestone achieved three months ahead of schedule.
Phillips 66 to Raise Rates for Gray Oak Crude Pipeline in Texas
The Gray Oak pipeline is one of the biggest new pipelines connecting the Permian Basin, the nation's largest oil field, to the U.S. Gulf Coast.
