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Seismic

Equinor Awards Shearwater GeoServices Troll Unit 4D Contract

Shearwater GeoServices Holding AS has been awarded a 4-D seismic survey at the Troll Unit by Equinor AS on March 26 to be conducted this summer.

Digital Oilfield

Woodside To Collaborate With The Australian Space Agency

Woodside and the Australian Space Agency on March 26 signed a statement of strategic intent and cooperation aimed at enhancing the capability and competitiveness of Australian industry and promoting technology transfer between the space sector and the oil and gas sector.

Deepwater

Shell Starts Exploratory Drilling For Oil, Gas Off Bulgarian Coast

Drilling of the exploration well in the 1-14 Khan Kubrat Block in the Black Sea will be at a depth of 1,300 m and is expected to take about three months, he said.

Drilling

Gazprom Neft, Schlumberger Develop Cooperation In Well Logging

Gazprom Neft and Schlumberger made an agreement on technological cooperation in well logging on March 25.

Lease Sales

Marketed: Operated East Texas Assets Across Polk And Tyler Counties

Danmark Jacks Creek retained EnergyNet for the sale of operated East Texas assets across Polk and Tyler counties through an auction.

Public Capital

Texas Land Trust Takes Step To Counter Activist Investor

The activists targeting Texas Pacific Land Trust hope to cash in on excitement around the Permian Basin, which has been the center of the U.S. shale revolution.

Trending Stories

Markets

LNG Markets Navigate A Sea Change

With the long-term contract model fading, LNG’s success as a commodity will rely on providers’ ability to put the product on the water as cheaply as possible.

LNG Markets Navigate A Sea Change

With the long-term contract model fading, LNG’s success as a commodity will rely on providers’ ability to put the product on the water as cheaply as possible.

What’s Affecting Oil Prices This Week (March 25, 2019)?

In the week since our last edition of What’s Affecting Oil Prices, Brent rose $0.67/bbl last week to average $67.71/bbl.

US Buyers Of Venezuelan Oil Sub In Shell, BP Offshore Crude

U.S. sanctions on Venezuela's oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping up oil produced in the region.

Business

Brigham Minerals Tests Market With $100 Million IPO

If successful, the $100 million IPO filed by the minerals business of oil and gas entrepreneur Bud Brigham could help to end a drought of energy IPOs.

Texas Land Trust Takes Step To Counter Activist Investor

The activists targeting Texas Pacific Land Trust hope to cash in on excitement around the Permian Basin, which has been the center of the U.S. shale revolution.

Stalled Aramco IPO Sets Back Dealmaking At US Subsidiary Motiva

Saudi Aramco's delayed initial public offering is sidelining grand North American expansion plans at its U.S. refining subsidiary Motiva Enterprises LLC, people familiar with the matter said, at a time when its rivals grew their market share.

Brigham Minerals Tests Market With $100 Million IPO

If successful, the $100 million IPO filed by the minerals business of oil and gas entrepreneur Bud Brigham could help to end a drought of energy IPOs.

Technology

Oil Majors, Utilities Begin Battle For Power

Technological progress and the threat of climate change are forcing both oil companies and utilities to rethink their strategies, and are pushing them into each other’s territory.

Equinor Awards Shearwater GeoServices Troll Unit 4D Contract

Shearwater GeoServices Holding AS has been awarded a 4-D seismic survey at the Troll Unit by Equinor AS on March 26 to be conducted this summer.

Woodside To Collaborate With The Australian Space Agency

Woodside and the Australian Space Agency on March 26 signed a statement of strategic intent and cooperation aimed at enhancing the capability and competitiveness of Australian industry and promoting technology transfer between the space sector and the oil and gas sector.

Gazprom Neft, Schlumberger Develop Cooperation In Well Logging

Gazprom Neft and Schlumberger made an agreement on technological cooperation in well logging on March 25.

Exploration & Production

Equinor Pushes Forward With Mariner As Global Heavy Oil Production Falls

Equinor and partners are investing more than $7 billion in the development east of the Shetland Islands in the U.K. North Sea.

US Buyers Of Venezuelan Oil Sub In Shell, BP Offshore Crude

U.S. sanctions on Venezuela's oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping up oil produced in the region.

India’s Environmental Committee Gives Cairn Green Light For Barmer Expansion Project

Cairn Oil & Gas will drill about 300 development/injection wells and construct 205 well pads to increase production from the Barmer fields.

Algeria Amends Hydrocarbon Law To Attract Foreign Investors

The first circulated draft of the much anticipated hydrocarbon law in Algeria, has shown that the government has loosen up the law in a move that aims to attract more foreign investors to the energy sector in Algeria. The question is, will it be passed amid contentious political transition?

Transactions

Energy Capital Conference 2019: Financing The Deal

With deal volume down, investors sidelined and volatility all about, getting deals across the finish line is getting harder and harder.

Woodside To Collaborate With The Australian Space Agency

Woodside and the Australian Space Agency on March 26 signed a statement of strategic intent and cooperation aimed at enhancing the capability and competitiveness of Australian industry and promoting technology transfer between the space sector and the oil and gas sector.

Gazprom Neft, Schlumberger Develop Cooperation In Well Logging

Gazprom Neft and Schlumberger made an agreement on technological cooperation in well logging on March 25.

Marketed: Operated East Texas Assets Across Polk And Tyler Counties

Danmark Jacks Creek retained EnergyNet for the sale of operated East Texas assets across Polk and Tyler counties through an auction.

Policy & Regulations

Algeria Amends Hydrocarbon Law To Attract Foreign Investors

The first circulated draft of the much anticipated hydrocarbon law in Algeria, has shown that the government has loosen up the law in a move that aims to attract more foreign investors to the energy sector in Algeria. The question is, will it be passed amid contentious political transition?

Trump Dangles Investment To Caribbean Leaders Who Back Venezuela's Guaido

President Donald Trump pledged investment in a rare meeting on March 22 with five Caribbean leaders who have sided with the United States in backing Venezuelan opposition leader Juan Guaido as head of state, the White House said.

Planned Oil Storage Boom Faces New Scrutiny After Tank-Farm Fire

Three-day petrochemical blaze near Houston spurs calls for tougher regulations.

Adams County Enacts New Oil, Gas Permit Moratorium Ahead of Colorado’s SB19-181

Both the Colorado Oil and Gas Association and the bill's sponsor said the moratorium was an unnecessary move. 

Transport

Thoughts To Share: A New Era For Pipeline Inspections

‘Smart’ pigging aims to help operators and service providers fulfil their efforts to institute zero-tolerance policies in maintaining safe systems.

Kinder Morgan Quits Enbridge, Oiltanking Crude Export Venture

Texas COLT project does not line up with priorities, Kinder says.

Energy Transfer, Shell Agree To Move Forward On Lake Charles LNG

The project is bolstered by Shell’s global LNG prominence and Energy Transfer’s extensive pipeline network.

Nord Stream 2 Upbeat Denmark Will Approve Gas Pipeline Proposal

Russian-led company expects to complete pipeline by the end of 2019.