Report: US Seizes Iranian Fuel Cargoes for First Time

Four tankers were headed to Venezuela.

August 14, 2020
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Abrado Appoints Jason Broussard as President, CEO

Broussard previously spent four years working for Schlumberger and held a number of management positions with Baker Hughes over an 11-year period, latterly as regional operations manager for lower completions in the Gulf of Mexico. 

August 14, 2020

Earnout Provisions: The New Oil Industry Norm

Oil and gas companies should carefully review their contingent consideration and earnout provisions in purchase and sale agreements and be prepared for the reporting and valuation challenges that come with them.

August 14, 2020
Earnout Provisions: The New Oil Industry Norm

BP Remains Committed to Azerbaijan Oil, Gas Development

BP has been working in Azerbaijan for almost three decades.

August 14, 2020

Canada Defends Role for Oil Sands Projects in Energy Transition

Oil output at controversial assets to increase even as government seeks to cut emissions, Canada’s natural resources minister says.

August 14, 2020
Canada Defends Role for Oil Sands Projects in Energy Transition

Column: US Petroleum Inventories Show Gradual Rebalancing

U.S. petroleum inventories show clear signs of trending lower as consumption slowly recovers from the epidemic and lockdowns, while Saudi Arabia restricts production and directs volumes away from North America.

August 14, 2020

TGS Still Seeks Seismic Tie-ups after Failed $600 Million Bid for PGS Data

Oil industry suppliers such as Oslo-listed TGS and PGS have been hard hit by weak crude prices during the coronavirus pandemic as energy companies rein in exploration and thus spend less on the seismic data.

August 14, 2020

Woodside Petroleum Says on the Lookout for Acquisitions

"We're clearly scanning the landscape very closely looking for opportunities," Woodside Petroleum CEO Peter Coleman told analysts on a conference call.

August 13, 2020

Private Oil Producer Remora Petroleum Files for Chapter 11 Bankruptcy

Remora Petroleum, an Austin, Texas-based private E&P company focused on mature, long-lived producing properties, listed approximately $85 million in debt.

August 13, 2020

Erdogan Says Any Attack on Turkish Exploration Ship in Mediterranean Will Exact ‘High Price’

President Tayyip Erdogan said Aug. 13 that any attack on a Turkish ship exploring for oil and gas in disputed Mediterranean waters would incur a "high price."

August 13, 2020

E&P Offshore: Delivering Sustainable Execution Model for Reducing Emissions

Carbon footprint evaluation for offshore wind installation finds material selection and stakeholder alliances keys to success.

August 13, 2020
E&P Offshore: Delivering Sustainable Execution Model for Reducing Emissions

PGS Rejects $600 Million Seismic Data Offer from Rival TGS

Oil industry suppliers such as Oslo-listed TGS and PGS have been hard hit by weak crude prices during the coronavirus pandemic as energy companies rein in exploration.

August 13, 2020