Exploration Technologies: Ensuring Prosperity

Explorers ensure oil and gas resource availability during the energy transition.

March 27, 2020
Exploration Technologies: Ensuring Prosperity

As Upstream Players Make Deep Cuts, Some Assets Face Less Risk

Analysts said the most core projects will move forward, while shorter-cycle developments will see the most dramatic investment cuts.

March 27, 2020
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Column: Global Oil Storage to Fill Rapidly as Consumption Plunges

If Saudi Arabia and Russia ramp up production as promised, the increase could total as much as 700 million barrels per month.

March 27, 2020
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Marketed: Noble Energy Producing Property Package, Various Texas Counties

Noble Energy retained EnergyNet for the sale of a package of producing assets located in various Texas counties through an auction closing April 30.

March 27, 2020

US Oil Rig Count Plummets Amid Cutbacks

Drillers cut 40 oil rigs in the week to March 27, bringing down the total count to 624, the lowest since March 2017, energy services firm Baker Hughes Co. said in its weekly report.

March 27, 2020

Best Of This Week’s Drilling Activity Highlights (March 27, 2020)

A high-volume Wolfcamp producer by EOG in Loving County, Texas, and results from a Utica Shale well test in Ohio top this week’s drilling activity highlights from around the world.

March 27, 2020
top this week’s drilling activity highlights from around the world.

FERC Approves Enable Midstream’s MRT Rate Case Settlements

Enable expects $87 million in revenue from MRT service.

March 27, 2020

Calls Mount for New OPEC+ Deal as Oil Prices, Demand Slide

Oil producers need to resume cooperation in an effort to stabilize the global market, Russian and OPEC officials said, as the industry reels from a demand and price collapse caused by the coronavirus pandemic and an emerging price war.

March 27, 2020

California Sets Goal to Double Clean Energy by 2030

State agency’s policy would halt development of new natural gas plants.

March 27, 2020

Cairn Energy Reduces Senegal, UK Spending Plans

Oil and gas producer Cairn Energy on March 27 reduced investment plans by about a fifth, following the fall of oil prices to less than $30 per barrel.

March 27, 2020

BP, Activist Shareholder to Jointly Draft Climate Resolution

An activist group has withdrawn a shareholder resolution urging BP to adhere to the Paris climate agreement after the oil and gas company agreed to work together on a joint resolution.

March 27, 2020

Aker BP Eyes Layoffs Amid Oil Price Crash, Coronavirus

Aker BP, 30% owned by BP, said on March 23 it would cut its planned 2020 capital spending by 20% but kept its production guidance unchanged.

March 27, 2020