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Exploration & Production

E&P Bright Spots Emerge Despite Little Near-term Optimism

Panelists discuss how oil and gas players are navigating current conditions as they await better days ahead.

Experts Offer Grim Outlook for Upstream Bankruptcies


Experts Offer Grim Outlook for Upstream Bankruptcies

Current market conditions are expected to drive a “significant increase in bankruptcies” for E&P companies during the second half of 2020, one expert says.



IHS Markit: Shale Output Growth to Return, but Far Short of Glory Days

Reduced global demand and an altered oil and gas industry business model to please investors shrink the projected increases in production.

MarketsSee More


IEA Raises 2020 Oil Demand Forecast But Warns COVID-19 Clouds Outlook

The pandemic is not under control and carries a downside risk for the market, agency says.

gas pipe

EIA: US Natgas Output, Demand to Fall in 2020, 2021 Due to Coronavirus

Demand is set to decrease for two straight years for the first time since 2006.

US Oil Production to Decline Less Than Previously Forecast in 2020

U.S. crude oil production is expected to fall by 600,000 bbl/d in 2020 to 11.63 million bbl/d, the EIA said July 7, a smaller decline than the 670,000 bbl/d it forecast previously.

lng construct

Report: Global LNG Projects Jeopardized by Climate Concerns, Pandemic Delays

Twenty projects representing $292 billion face financing delays.

BusinessSee More

Why Outlook for Oilfield Services Sector Is Down, But Not Out

Why Outlook for Oilfield Services Sector Is Down, But Not Out

Oilfield services companies will need to preserve capital and ride out the storm before they can expect to see an uptick in activity.

Coronavirus Pain Drives Big Oil’s Dash for Record Debt

The world's top seven energy firms—BP, Shell, Exxon Mobil, Chevron, Equinor, Total and Eni—raised $60 billion in debt in the quarter, nearly half of the $132 billion in oil and gas sector borrowing over the period.

Opportune Taps David Morris to Lead Dallas-based Restructuring Practice

As managing director of Opportune subsidiary Dacarba, David Morris’ principal focus will be guiding oil and gas companies through corporate restructurings, turnaround management, transactional due diligence and advising on Chapter 11 bankruptcies.

Former Halliburton Head David Lesar Named CEO of CenterPoint Energy

CenterPoint Energy recently tapped David Lesar, the former head of Halliburton, to lead the Houston-based electric and natural gas utility company through its next phase of growth.

TechnologySee More

E&P Production: Promise of Tankless Operations

E&P Production: Promise of Tankless Operations

Data from a tankless operations pilot project show improvements in cost efficiencies, environmental compliance and more. 

Fugro Adds Vessels to Atlantic Shores Offshore Wind Site

Fugro has mobilized two additional vessels off the coast of New Jersey to support their ongoing site characterization work for Atlantic Shores Offshore Wind, a joint venture between Shell New Energies US LLC (Shell) and EDF Renewables North America, the company said on July 9.

Halliburton Launches Subsea Fiber Optic Service with TechnipFMC

The technology creates a paradigm shift to reduce reservoir uncertainty and lower total cost of ownership.

Weatherford Signs Four-Year Contract with Eni

Radio frequency identification-equipped downhole casing isolation valves aim to increase operational safety and reservoir performance.

Exploration & ProductionSee More

Best of This Week’s Drilling Activity Highlights (July 10, 2020)

Best of This Week’s Drilling Activity Highlights (July 10, 2020)

ConocoPhillips reports extended-reach horizontal Niobrara Shale producers in Colorado’s D-J Basin plus Wolfbone Field-Bone Spring wells completed by Occidental Petroleum in Reeves County, Texas, top this week’s drilling activity highlights from around the world.

E&P World View: US Service Firms Eye Middle East Markets amid Bleak Shale Outlook

E&P World View: US Service Firms Eye Middle East Markets amid Bleak Shale Outlook

Major oilfield service companies agree that the Middle Eastern region will be less severely impacted by the downturn compared to other regions.

Areas considered ultra-core are typically the deepest, highest pressure and lowest GOR parts of the Permian Basin, according to Wood Mackenzie. (Source: GB Hart/

Research Points to Hidden Opportunities in Permian Basin

Some wells in the Permian’s Delaware sub-basin can clear a ‘10% half-cycle hurdle rate even with WTI below US$30/bbl,’ Wood Mackenzie says.

Oil and Gas Investor At Closing: OPEC’s Dilemma, Shale’s Hope

Oil and Gas Investor At Closing: OPEC’s Dilemma, Shale’s Hope

Even for the leanest, meanest oil and gas producer sitting on the best assets in the land, fate hinges on the nature of the recovery.

TransactionsSee More

E&P Private-equity Strategy: Plans, Schemes and Broken Dreams

E&P Private-equity Strategy: Plans, Schemes and Broken Dreams

After years of hoping for oil prices to return to better days, the magical thinking by optimistic E&Ps is out, and private-equity firms are poised to pounce.

Raymond James Names Veteran Energy Banker Will Hodge as E&P Banking Co-head

Raymond James said it expanded its energy investment banking practice on July 8 with the hiring of veteran energy bankers Will Hodge and Jacob Call.

Energy A&D Transactions from the Week of July 8, 2020

Here’s a snapshot of recent energy deals including the acquisition of Dominion's natural gas transmission and storage segment by Warren Buffett’s Berkshire Hathaway in a transaction worth nearly $10 billion.

On the Market Oil and Gas Quicklist (Week of July 8, 2020)

Here’s a quicklist of oil and gas assets on the market including the sale of operated properties in South Texas as part of a regional exit by Blackbeard Operating.

Policy & RegulationsSee More

Opinion: Is the Party Finally Over for US Oil and Gas?

Opinion: Is the Party Finally Over for US Oil and Gas?

Canceled pipelines and green ambitions could point to a declining role of oil and gas in the U.S. energy mix.

US Judge Rejects Latest Dakota Access Effort to Avoid Pipeline Shutdown

Dakota Access said shutting the line would cost companies and state economies billions of dollars and result in the loss of thousands of jobs.

US Energy Department Approves LNG Exports from Oregon

The U.S. Energy Department on July 6 approved the export of up to 1 Bcf/d of LNG from the proposed Jordan Cove terminal in Oregon, a move it said would ease U.S. sales of the fuel to Asian markets.

US Court Orders Dakota Access Oil Pipeline to be Shut Down, Emptied

DAPL is the largest oil pipeline running out of North Dakota’s Bakken shale basin and Native American tribes and environmental groups have long protested the line's construction.

MidstreamSee More

Midstream Contracts: Joined at the Pipe

Midstream Contracts: Joined at the Pipe

Producers and midstream operators must work together to survive, and contract renegotiations could be part of that effort. Here are some key considerations for when companies have to come to the table.

Crestwood Assures Producers of Alternatives if DAPL Shuts

Midstream provider provides update on Bakken operations.

Judge Denies Dakota Access Initial Motion to Stay Pipeline Order

Dakota Access, controlled by Energy Transfer, filed a motion to stay a ruling by the U.S. District Court for the District of Columbia on July 6 to stop operations and empty DAPL pending an environmental review.

DAPL Shutdown May Revive Oil-By-Rail Industry

Those with tank cars may feel fortunate, but bringing back furloughed workers may depend on the length of the shutdown.