Crude Oil , Trade , International

Saudi Arabia Chafes at ‘False Promises’ on Oil Cuts from OPEC Partners

Moves to flout deal terms on oil cuts damage reputation of OPEC+, Saudi Arabia’s energy minister says.

September 17, 2020

Highlights , Field Development , Emerging Plays , Drilling

E&P: September 2020 International Drilling Activity Highlights

Check out the latest oil and gas drilling activity highlights from around the world featured in the September issue of E&P including plans to drill and test a play offshore the U.K. originally discovered by ConocoPhillips in 1982.

September 16, 2020

Acquisitions & Divestitures , Trends

Energy A&D Transactions from the Week of Sept. 16, 2020

Here’s a snapshot of recent energy deals including BP’s $1.1 billion acquisition of U.S. offshore wind assets plus Northern Oil and Gas’ entry into the Permian Basin.

September 16, 2020

Business , Exploration & Production

US Development Finance Institution to Fund Energy, Gas Development in Mozambique

The loan will finance the development, construction and operation of a 420-megawatt power plant and 25-km interconnection line, the Embassy said.

September 11, 2020

Acquisitions & Divestitures , Trends

Energy A&D Transactions from the Week of Sept. 9, 2020

Here’s a snapshot of recent energy deals including the sale of Schlumberger’s fracking business, OneStim, to Liberty Oilfield Services and the dissolution of Ovintiv’s Duvernay Shale JV with PetroChina.

September 9, 2020

Public Capital , Deepwater , Acquisitions & Divestitures

Kosmos Energy Sells Frontier Exploration Assets in $200 Million Farm-down to Shell

Proceeds from its farm-down to Shell enables Kosmos Energy to accelerate high-graded exploration opportunities in “proven basins that offer superior returns with shorter payback,” CEO Andrew Inglis says.

September 9, 2020

Exploration & Production , Crude Oil , Trade , International

OPEC August Oil Output Rises for Second Month as Supply Cut Eased

OPEC oil output has risen by about 1 million bbl/d in August, a Reuters survey found, as the group and allies eased record oil supply curbs.

September 2, 2020

Exploration & Production

Angola’s Energy Roadmap Aims to Reverse Oil Output Decline

Angola’s proven oil reserves currently stand at just 7 billion barrels, according to the new Hydrocarbon Exploration Strategy cited in a report.

August 27, 2020

Field Development

Total and Mozambique Sign Security Pact for $20 Billion Natural Gas Project

French oil major Total has signed a security pact with the Mozambique government to protect a $20 billion natural gas (LNG) project being developed in the southern African country, the company said on Aug. 24.

August 24, 2020

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (Aug. 21, 2020)

Occidental Petroleum Wolfcamp Shale wells in New Mexico’s Eddy County of the Permian Basin plus a pre-salt oil discovery offshore Brazil in the Buzios Field top this week’s drilling activity highlights from around the world.

August 21, 2020