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Field Development

Norway's Equinor Aims To Start Oil Exploration Off Australia In 2020

Equinor said studies of the ocean showed conditions were about as harsh as other settings where Equinor has operations, including the Norwegian Sea, the Barents Sea, off Canada's east coast and offshore Brazil.

Shelf

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.

Conventional

Repsol Unveils Largest Gas Discovery In Indonesia In 18 Years

Repsol Unveils Largest Gas Discovery In Indonesia In 18 Years

The find, made in the Sakakemang block in South Sumatra, would translate into more than 350 million barrels of oil equivalent.

Earnings

Frac Sand Supplier U.S. Silica Posts Smaller-Than-Expected Loss

U.S. Silica Holding has been investing in this unit as it records slowing growth in its oil and gas proppant segment, with oil producers hampered by tight pipeline capacity and lower crude prices holding back on completing wells.

Public Capital

Noble Energy Posts Slight Profit Miss; Forecast Lower 2019 Capex

Noble Energy Posts Slight Profit Miss; Forecast Lower 2019 Capex

By the end of 2019, Noble Energy's U.S. land business will underpin production growth of 5% to 10% per year, said CEO David Stover in a statement on Feb. 19.

Unconventional

Australia's Origin Energy Sells Ironbark Gas Project For Over $164 Million

Origin Energy said in a statement that it would remain responsible for the development of Ironbark, which is an onshore coal seam gas development in Australia.

Latest in Video

HART ENERGY CONNECT: Permian Competition, Constraints & Geopolitical Effects

Elevation Resources’ CEO Steve Pruett spoke with Hart Energy at the Executive Oil Conference in Midland, Texas. Pruett explains why he thinks the pipeline constraints are temporary. Plus, why Midland producers should be concerned about geopolitical events.

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More from Markets

HART ENERGY CONNECT: Permian Competition, Constraints & Geopolitical Effects

Elevation Resources’ CEO Steve Pruett spoke with Hart Energy at the Executive Oil Conference in Midland, Texas. Pruett explains why he thinks the pipeline constraints are temporary. Plus, why Midland producers should be concerned about geopolitical events.

EIA: US Shale Oil Production To Hit Record In March

Production increases in the Permian Basin, the biggest oil patch in the U.S., and the Bakken has led overall output increases in the country over the past year, the EIA says.

Oil Prices Hit Three-Month High On Trade Deal Optimism

Oil prices jumped to a three-month high as hopes for a U.S.-China trade deal added to the optimism sparked by news that Saudi Arabia was cutting production more aggressively than expected.

Oil Hovers Below 2019 Highs On OPEC Cuts, Trade Talks In Focus

Oil stayed within sight of its 2019 high of almost $67 a barrel on Feb. 19, supported by OPEC-led supply cuts although concern about slowing economic growth that would curb demand weighed.

More from Business

Three Rivers Returns With Riverstone Commitment For Up To $500 Million

Three Rivers IV LLC emerged earlier this month following an equity commitment of up to $500 million by Riverstone Holdings to focus on oil and gas acquisition opportunities in the Permian Basin.

Three Rivers Returns With Riverstone Commitment For Up To $500 Million

Three Rivers IV LLC emerged earlier this month following an equity commitment of up to $500 million by Riverstone Holdings to focus on oil and gas acquisition opportunities in the Permian Basin.

Texas A&M Dean of Engineering Says Increasing Women In STEM Fields A Must For US

Women make up less than 20% of the engineering graduates in the United States.

Frac Sand Supplier U.S. Silica Posts Smaller-Than-Expected Loss

U.S. Silica Holding has been investing in this unit as it records slowing growth in its oil and gas proppant segment, with oil producers hampered by tight pipeline capacity and lower crude prices holding back on completing wells.

More from Technology

HART ENERGY CONNECT: QEP On Tank-Style Completions

QEP Resources’ Jill Thompson and Nick Franciose say the company’s “tank-style” completions eliminate frac hit pitfalls.

HART ENERGY CONNECT: QEP On Tank-Style Completions

QEP Resources’ Jill Thompson and Nick Franciose say the company’s “tank-style” completions eliminate frac hit pitfalls.

Colombia Must Strictly Monitor ‘Fracking’ Pilot Projects

Colombia must implement strict monitoring of three pilot projects that will mark its first foray into “fracking”, an expert commission said on Feb. 14, before deciding whether the controversial technique for extracting oil and gas can be widely used.

Former NASA Astronaut Takes Women In Energy Crowd On ‘Journey’ Into Space

During her keynote address at Oil and Gas Investor’s Women in Energy Luncheon, Susan. J. Helms used her experiences to draw the correlation among space and energy.

More from Exploration & Production

New Year Signals New Potential In West Africa

Favorable economics could push forward planned projects as more come online.

Norway's Equinor Aims To Start Oil Exploration Off Australia In 2020

Equinor said studies of the ocean showed conditions were about as harsh as other settings where Equinor has operations, including the Norwegian Sea, the Barents Sea, off Canada's east coast and offshore Brazil.

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.

Repsol Unveils Largest Gas Discovery In Indonesia In 18 Years

The find, made in the Sakakemang block in South Sumatra, would translate into more than 350 million barrels of oil equivalent.

More from Transactions

Mid-Con Energy Reveals Over $87 Million In Deals Including Texas Exit

In a two-hitter, Mid-Con Energy agreed to sell substantially all of its Texas properties while also picking up producing Oklahoma properties.

Mid-Con Energy Reveals Over $87 Million In Deals Including Texas Exit

In a two-hitter, Mid-Con Energy agreed to sell substantially all of its Texas properties while also picking up producing Oklahoma properties.

Targa Resources Agrees To Sell Stake In Bakken Assets For $1.6 Billion

Funds managed by Blackstone agreed to acquire the stake in Targa Badlands, which operates oil and gas gathering and processing assets in the Bakken.

Australia's Origin Energy Sells Ironbark Gas Project For Over $164 Million

Origin Energy said in a statement that it would remain responsible for the development of Ironbark, which is an onshore coal seam gas development in Australia.

More from Policy & Regulations

Opinion: It’s The Demand, Dummy…Isn’t It?

World energy demand is bound to be driven by population growth on the other side of the world from Washington, D.C., which seems narrowly focused on controlling energy consumption in the United States and Europe where, as data suggests, it’s already been falling.

Despite Sanctions, Iran's Oil Exports Rise In Early 2019: Sources

Iran's exports of crude oil were higher than expected in January and are at least holding steady this month, according to tanker data and industry sources, as some customers have increased purchases due to waivers from U.S. sanctions.

Opinion: It’s The Demand, Dummy…Isn’t It?

World energy demand is bound to be driven by population growth on the other side of the world from Washington, D.C., which seems narrowly focused on controlling energy consumption in the United States and Europe where, as data suggests, it’s already been falling.

Pence Chastises EU, Rejects Merkel's Call To Work With Russia

U.S. Vice President Mike Pence rebuked European powers over Iran and Venezuela on Feb. 16 in a renewed attack on Washington's traditional allies, rejecting a call by Germany's chancellor to include Russia in global cooperation efforts.

More from Transport

HART ENERGY CONNECT: Permian Competition, Constraints & Geopolitical Effects

Elevation Resources’ CEO Steve Pruett spoke with Hart Energy at the Executive Oil Conference in Midland, Texas. Pruett explains why he thinks the pipeline constraints are temporary. Plus, why Midland producers should be concerned about geopolitical events.

Targa Resources Agrees To Sell Stake In Bakken Assets For $1.6 Billion

Funds managed by Blackstone agreed to acquire the stake in Targa Badlands, which operates oil and gas gathering and processing assets in the Bakken.

Enbridge Quarterly Profit Beats Estimates On Higher Crude Shipments

Enbridge has been working on replacement works on its massive Line 3 pipeline, running from Alberta to Wisconsin, to restore its capacity to 760,000 bbl/d. 

Minister: Germany May Change Law To Comply With EU Pipeline Rules

The new EU deal casts doubt over the structure of Russia's planned Nord Stream 2 pipeline, which already faces uncertainty after Denmark's potential ban on its planned route which includes Danish territorial waters.