RockPile Energy Services announces acquisition by White Deer Energy

RockPile Energy Services, a subsidiary of Triangle Petroleum Corporation, has been acquired by White Deer Energy. More »

Operators add more U.S. rigs as Gulf work resumes after hurricane

Oil explorers added more rigs in the U.S., as vessels in the Gulf of Mexico went back to work after a pause to avoid last week’s Hurricane Hermine. More »

Explorers add U.S. rigs as Gulf work resumes after hurricane

Oil explorers added more rigs in the U.S., as vessels in the Gulf of Mexico went back to work after a pause to avoid last week’s Hurricane Hermine. More »

Iran, Nigeria have right to raise oil output, Algiers host says

OPEC and other producers can reconcile talks aimed at stabilizing the oil market with the prerogative of Iran, Nigeria and Libya to boost output, according to Algeria’s energy minister. More »

Condor Petroleum to begin production at Shoba oil field in Kazakhstan

Condor Petroleum Inc. has announced that the Shoba Production Contract has been executed with the Government of Kazakhstan, which provides for commercial production at the company’s 100% owned Shoba oil field. More »

Bengal Energy announces discovery in Australia

Bengal Energy has announced that the first four wells of the Cuisinier 2016 five well drilling campaign have been cased as future oil producers in the Murta horizon. More »

Pemex budget slashing to continue as minister signals austerity

Mexico will continue to hack into the budget of its oil producer next year, a move likely to mean further financial duress and continued output declines for Petroleos Mexicanos. More »

OPEC focus moves from freeze to output ceilings as unity sought

As OPEC officials shuttle between Tehran, Moscow and Paris in preparation for an informal meeting in Algiers, the focus of their efforts appears to be moving from a production freeze to voluntary output caps. More »

U.S. crude imports seen surging after storm-related slowdown

A historic decline in U.S. crude imports will probably be followed by a surge in arrivals. More »

Operations progress at UK's Lancaster field development

Hurricane Energy announces that the company has completed the testing and logging phase of the 205/21a-7 well and operations are now progressing as planned to permanently abandon the pilot well reservoir section, prior to side-tracking the top-hole to form the 7Z horizontal sidetrack. More »

Turritella FPSO achieves first oil, formally on hire

SBM Offshore has announced that FPSO Turritella is formally on hire as of Sept. 2, 2016, after achieving Commencement of Commercial Production (CoCP). More »

Turritella FPSO achieves first oil

SBM Offshore has announced that Turritella, the FPSO it designed for the Stones project in the U.S. Gulf Of Mexico, has achieved first oil. More »

Saudi oil output said to drop as OPEC debates production freeze

Saudi Arabia told OPEC that its oil production dropped by 40,000 bpd in August to 10.63 MMbpd as the group debates a deal to curb output to shore up prices. More »

Total strikes out with HPHT Solaris wildcat in North Sea

Total Norge, operator of production license 618, is in the process of completing the drilling of exploration well 1/5-5. The well, on the HPHT Solris prospect in the North Sea, is dry. More »

Origin Energy’s new CEO to focus on cutting $6.8-billion debt

Frank Calabria, who was named Friday as Origin Energy Ltd.’s new CEO, said he’ll focus on paying down a A$9-billion ($6.8-billion) debt pile and consider more asset sales when he takes over from Grant King next month. More »

Total takes over joint acreage in Barnett shale from Chesapeake

Total EandP USA is exercising its preemption right to acquire Chesapeake’s 75% interests in the jointly held Barnett shale operating area in North Texas. Total EandP USA has owned the remaining 25% in the Barnett assets since December 2009. With the preemption, Total EandP USA will be the 100% owner and operator of the assets. More »

Crescent Point taps equity market to boost drilling budget

Crescent Point Energy is turning to equity investors to fund more drilling, the latest energy company to boost activity as oil prices rise. More »

Oil trims weekly gain as U.S. stockpile plunge seen as one-off

Oil trimmed its weekly gain after the biggest U.S. stockpile slump in 17 years was seen as a one-off caused by a tropical storm that disrupted imports and offshore production. More »

Charger Shale Oil Co. and Oaktree announce $900-million Permian basin JV

Charger Shale Oil Company, an oil and gas partnership headquartered in Midland, Texas, and funds managed by Oaktree Capital Management, L.P., today announced their recently formed joint venture focused in the Permian basin. More »

Maersk Drilling secures new contract for Gallant jackup rig

Maersk Drilling has been awarded a contract for the jack-up rig Mærsk Gallant with Maersk Oil. More »

Resource Energy in $75-million deal for Samson Resources' Bakken assets

Resource Energy Can-Am has entered into a stalking horse asset purchase agreement with Samson Resources Company to acquire certain of Samson’s North Dakota and Montana properties in the Bakken play. More »

Rio Grande LNG receives DOE authorization to export LNG to FTA countries

The U.S. Department of Energy (DOE) has authorized NextDecade, LLC to export liquefied natural gas from its proposed Rio Grande LNG facility to Free Trade Agreement (FTA) countries. More »

Weatherford awarded two large completions contracts with supermajor

Weatherford has won two large contracts with a supermajor operator for sand screens and for upper completions products, including gas-lift equipment, chemical-injection equipment, subsurface safety valves (SSVs) and downhole measurement tools. More »

Resource Energy Can-Am enters into stalking horse agreement with Samson Resources covering Williston basin assets

Resource Energy Can-Am announced that it has entered into a stalking horse asset purchase agreement with Samson Resources Company to acquire certain of Samson’s North Dakota and Montana properties in the Bakken play. More »

Rio Grande LNG receives DOE authorization to export LNG to free trade agreement countries

NextDecade, LLC announced today that the United States Department of Energy (DOE) has authorized the export of Liquefied Natural Gas (LNG) from its proposed Rio Grande LNG facility to Free Trade Agreement (FTA) countries. More »

Oil extends gains after U.S. supplies tumble the most since 1999

Oil extended gains after a government report showed that U.S. stockpiles plunged. More »

Oil rises as industry data signal drop in U.S. crude stockpiles

Oil advanced as weekly industry data showed a big decline in U.S. crude inventories, trimming supplies that are at the highest seasonal level in at least 30 years. More »

Kuwait Energy starts production from Al-Jahraa SE-1X well in Egypt

Kuwait Energy has started production from the Al-Jahraa SE-1X well in the Abu Sennan concession in Egypt’s Western Desert. More »

Emerson awarded contract for Shell’s Prelude FLNG facility

Shell Australia has chosen Emerson to provide automation maintenance and reliability services for Shell’s Prelude FLNG facility. More »

Aker Solutions wins work for tie-in of Utgard field to Sleipner area

Aker Solutions will provide engineering, procurement, construction, installation and commissioning (EPCIC) services to enable a tie-in of the Utgard gas and condensate field to the Statoil-operated Sleipner facilities in the North Sea. More »

Eni’s Norway troubles risk fueling fight against Arctic oil

A series of mishaps at the world’s northernmost producing oil field shows Norway’s plan to boost its flagging production by tapping the Arctic Ocean may not be so easy. More »

Four scenarios for oil producers as they seek to boost prices

A meeting in Algiers at the end of September between OPEC and Russia—which together pump more than half the world’s oil—has raised expectations that a deal could be struck to boost prices. More »

Biggest oil traders see another year of pain as glut endures

The largest oil traders are anticipating little relief to what has become the worst market slump in a generation. More »

ONGC’s profit falls 21% as oil prices slump, output drops

Oil and Natural Gas Corp.’s (ONGC) quarterly profit declined 21% as oil prices slumped and output fell. More »

EIA boosts U.S. oil production outlook

The U.S. Energy Information Administration bolstered its crude production outlook for 2016 and next year. More »

GE Oil and Gas inks FPSO agreement with MODEC

GE Oil and Gas has signed a major agreement with MODEC, an owner/operator and EPCI general contractor of floating production systems, to supply and service gas turbines for FPSOs in Brazil. More »

TGS in exclusive commercial well log agreement with ANCAP in Uruguay

More »

OPEC giants are too sour for top oil buyer in coveted market

OPEC’s biggest producers are playing second fiddle to smaller suppliers in a coveted corner of the oil market. More »

Bonavista Energy in strategic asset exchange

Bonavista Energy has entered into an agreement to acquire certain liquids rich, natural gas weighted properties within its Deep Basin and West Central Alberta core regions in exchange for properties within its non-core region in northeastern British Columbia. More »

Callon Petroleum acquires Midland basin acreage

Callon Petroleum has entered into a definitive agreement to acquire certain undeveloped acreage and producing oil and gas properties for a total consideration of $327 million in cash. More »

Schlumberger, ION in new reimaging program offshore Mexico

Schlumberger WesternGeco and ION Geophysical have announced a new 3D multiclient reimaging broadband program offshore Mexico, which uses Mexico's National Hydrocarbons Commission (CNH) data library. More »

Apache reports significant new play in Delaware basin

Apache Corporation said Wednesday that after more than two years of extensive geologic and geophysical work, methodical acreage accumulation, and strategic testing and delineation drilling, the company can confirm the discovery of a significant new resource play, the "Alpine High." More »

World’s biggest crude buyers make cuts the oil giants won’t

As the world’s biggest crude producers stop short of taking action to address the global oversupply, output cuts by their largest customers are helping to mop up the glut. More »

OPEC risks ‘crying wolf’ as oil trader Gunvor doubts accord

One of the world’s biggest commodities traders doubts oil producers will be able to agree on curbing output to pull up prices. More »

Iran oil output near target means freeze is ‘political decision’

Iran hinted that it may soon drop its opposition to an oil-production freeze, with a senior official saying the OPEC member’s crude output is closing in on its pre-sanctions level and that limiting supply is “a political decision.” More »

Devon Energy reports third successful STACK spacing test, high-rate extended-reach oil wells

Devon Energy has successfully tested its third Meramec spacing pilot and commenced production on two high-rate, extended-reach lateral oil wells in the core of the over-pressured oil window of the STACK. More »

Devon Energy announces third successful STACK spacing test and high-rate extended-reach oil wells

Devon Energy Corp. has announced that it has successfully tested its third Meramec spacing pilot and commenced production on two high-rate, extended-reach lateral oil wells in the core of the over-pressured oil window of the STACK. More »

Iran President says ‘vital’ to restore pre-sanctions oil output

Iran’s President said he supports efforts by OPEC to stabilize oil prices, while reiterating that the country must restore production lost during years of sanctions. More »

ION registered to conduct petroleum reserve audits in Mexico

ION Geophysical Corporation’s Mexican entity was approved by the nation's National Hydrocarbons Commission (CNH) to conduct reserve audits in Mexico. More »

Shell starts production at Stones development in the Gulf of Mexico

The Stones FPSO vessel, which is the host facility for the world’s deepest offshore oil and gas project, started producing from the Lower Tertiary. More »

Shell starts production at Stones in the Gulf of Mexico

Shell announces today that production has started from the Stones development in the Gulf of Mexico. Stones is expected to produce around 50,000 boed when fully ramped up at the end of 2017. More »

Oil-market rescue seen no nearer amid Saudi-Russia ‘lip service’

An international agreement to cap crude-oil output in a way that would restrict actual supply and support prices looks no nearer after the two largest producers pledged to cooperate. More »

FMC wins contract for Eni's Block 15/06 West Hub Development Project

FMC Technologies will provide subsea multiphase boosting pumps, manifolds, and installation support services for Eni Angola's Block 15/06 West Hub Development Project located off the coast of Angola. More »

Statoil increases share in Wisting discovery in Barents Sea

Statoil and Tullow Norge have agreed on a transaction whereby Statoil will increase its equity in four licenses on the Norwegian Continental Shelf (NCS). The transaction includes the Wisting discovery in the Barents Sea. More »

Ashtead Technology lands deal with Dutch engineering firm

Ashtead Technology has secured a deal with international contractor Van Oord to provide the latest generation of video processing systems for worldwide offshore construction operations. More »

EOG Resources to combine with Yates in $2.5-billion deal

EOG Resources and Yates Petroleum Corporation have announced definitive agreements under which EOG has agreed to combine with Yates Petroleum Corporation, Abo Petroleum Corporation, MYCO Industries, Inc. and certain other entities (collectively, Yates). More »

ION awarded all 2016 North Sea 4D towed streamer optimization projects

ION Geophysical announced Friday that North Sea operators selected ION in-field Acquisition Optimization Services for all time-lapse, or 4D, towed streamer projects for the 2016 North Sea season. More »

Brent declines as Saudi-Russia deal falls short of freeze

Brent oil dropped after a pledge by Russia and Saudi Arabia to cooperate to stabilize the market failed to include any specific measures to bolster prices. More »

Enbridge to buy Spectra Energy in $28-billion deal

Enbridge will buy Spectra Energy Corp. in a $28-billion stock-for-stock transaction that will create the largest energy infrastructure company in North America, the companies said in a statement Tuesday. More »

Murphy, Petronas, Sierra said to plan deepwater Mexico oil bid

Murphy Oil Corp., Petroliam Nasional Bhd. and Sierra Oil and Gas are in talks to form a group that would bid jointly for the first opportunity in more than seven decades to independently operate offshore fields in Mexico’s deep Gulf waters, a person with direct knowledge of the plan said. More »

KrisEnergy begins drilling Bangora, onshore Bangladesh

KrisEnergy Ltd, an independent upstream oil and gas company, announced that the Bapex Bijoy 10 rig has commenced drilling of the Bangora-6 development well in the Block 9 production sharing contract, onshore Bangladesh. More »

Saudi oil minister says no need now to freeze crude output

There is currently no need to limit oil output, Saudi Energy Minister Khalid Al-Falih said on Monday, after signing an energy agreement with his Russian counterpart Alexander Novak. More »

U.S. crude exports competitive to Asia-Pacific, delivered prices show

A drop in global shipping costs and competitive pricing of crude produced in North America is opening the door for U.S. crude exports to reach Asia-Pacific more economically than rival grades from elsewhere in the Atlantic basin, including the North Sea and West Africa. More »

JDR invests in next generation of subsea technology

JDR, a UK-based supplier of subsea umbilicals and power cables to the offshore energy industry, has unveiled a state-of-the-art horizontal lay-up machine (HLM) at its Hartlepool manufacturing facility in northeast England. More »

Iran’s ready to pump more as OPEC faces ‘prisoner’s dilemma’

As speculation swirls over whether oil producers will reach a deal to coordinate output and aid a recovery in prices, Iran says it’s ready to pump more. More »

Woodside eyes LNG boost after $400-million gas deal with BHP

Woodside Petroleum may look to funnel gas from Scarborough field off Western Australia to one of its existing LNG plants after agreeing to a $400-million deal to buy half of BHP Billiton Ltd.’s stake in the remote offshore resource. More »

Stable oil price requires Saudi, Russian cooperation, prince says

HANGZHOU, China (Bloomberg) -- Global oil-market stability is impossible without the cooperation of Russia and Saudi Arabia, the world’s biggest crude producers, the kingdom’s influential deputy crown prince said, speaking with Vladimir Putin ahead of an OPEC meeting later this month. More »

Oklahoma quake triggers closing of disposal wells

OKLAHOMA CITY (Bloomberg) -- One of the strongest earthquakes among many in Oklahoma since the introduction of hydraulic fracturing struck early Saturday near a complex of oil-storage facilities, leading state regulators to order the suspension of about 37 wastewater-disposal wells. More »