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Investment

Halliburton Breaks Ground On Saudi Arabia’s First Oilfield Specialty Chemical Manufacturing Reaction Facility

Halliburton Breaks Ground On Saudi Arabia’s First Oilfield Specialty Chemical Manufacturing Reaction Facility

Upon the plant’s completion in 2020, Halliburton will begin local manufacturing of specialty chemicals to help customers achieve production and reliability goals in applications from the reservoir to the refinery.

Field Development

Indonesia's Major New Gas Find May Delay Arrival Of Output Deficit

If the new find at the group's Kali Berau Dalam-2 well shows good results, Indonesia may be able to push back the current estimate for when it has a natural gas deficit, or when consumption is greater than domestic supply, from 2025.

Field Development

Petrobras Starts Production At Búzios Platform Offshore Brazil

Petrobras Starts Production At Búzios Platform Offshore Brazil

The P-76 platform is located in the Búzios Field within the pre-salt region of the Santos Basin offshore Brazil and is the second platform Petrobras has entered into operation so far this year.

Renewables

A&D Transactions From The Week Of Feb. 20, 2019

Here’s a snapshot of energy deals from the past week including a $1.6 billion midstream deal in the Bakken and the closing of Encana’s multibillion-dollar acquisition of Newfield Exploration.

Deepwater

Oil Major Shell Teams Up With Repsol For Exploration Off Bulgarian Coast

Bulgaria has given permission to Shell to transfer 20% of the rights to explore a block off its Black Sea coastline for oil and gas to Spain’s Repsol.

Shale Plays

On The Market Quicklist (Week Of Feb. 20, 2019)

Here’s a quicklist of oil and gas assets on the market including over 1 million acres of federal and state leases and a Juno Energy’s position in the heart of Midland Basin’s Eastern Shelf.

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More from Markets

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 Dips After Forecast For Record US Shale Output

Crude oil futures eased on Feb. 20 in light of the prospect of a continued boom in U.S. shale oil output, although with OPEC determined to restrict its own production to prevent a global surplus of unused fuel, the price held just shy of 2019 highs.

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.

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.

Permian Shale Producer Concho Resources Misses Profit Estimates

Concho Resources said “capital discipline and moderating activity” would help the company, which focuses in the Permian Basin, generate more cash this year

Qatar Petroleum Signs Initial Deals To Boost Local Energy Industry

Deals with Schlumberger and Baker Hughes are worth $2.47 billion.

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.

More from Technology

Schlumberger Looks To Unlock Shareholder Value With Rockwell JV

Schlumberger is teaming up with Rockwell to form the first fully integrated digital oilfield automation solutions provider in a new joint venture named Sensia.

Halliburton Breaks Ground On Saudi Arabia’s First Oilfield Specialty Chemical Manufacturing Reaction Facility

Upon the plant’s completion in 2020, Halliburton will begin local manufacturing of specialty chemicals to help customers achieve production and reliability goals in applications from the reservoir to the refinery.

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.

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.

More from Exploration & Production

Opportunity, Momentum Highlight Early Morning At DUG Haynesville

Rain couldn’t dampen the spirit of the crowd at the second annual event highlighting the rejuvenated shale play.

Study: 'Phantom Volcanoes' May Hide More Oil And Gas In The North Sea

The study's findings raise the prospect of future discoveries in the area, which has been left untouched over 50 years of exploration activity in the North Sea, said the university.

Indonesia's Major New Gas Find May Delay Arrival Of Output Deficit

If the new find at the group's Kali Berau Dalam-2 well shows good results, Indonesia may be able to push back the current estimate for when it has a natural gas deficit, or when consumption is greater than domestic supply, from 2025.

Petrobras Starts Production At Búzios Platform Offshore Brazil

The P-76 platform is located in the Búzios Field within the pre-salt region of the Santos Basin offshore Brazil and is the second platform Petrobras has entered into operation so far this year.

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.

A&D Transactions From The Week Of Feb. 20, 2019

Here’s a snapshot of energy deals from the past week including a $1.6 billion midstream deal in the Bakken and the closing of Encana’s multibillion-dollar acquisition of Newfield Exploration.

On The Market Quicklist (Week Of Feb. 20, 2019)

Here’s a quicklist of oil and gas assets on the market including over 1 million acres of federal and state leases and a Juno Energy’s position in the heart of Midland Basin’s Eastern Shelf.

Australia’s APA Says Looking For US Gas Pipeline Acquisition

APA Managing Director Mick McCormack said the Australian company had identified a few opportunities to potentially acquire a U.S. gas transmission or distribution business.

More from Policy & Regulations

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.

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.

More from Transport

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.

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.