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Oil Price Rally Revives Offshore Oil Sector

Oil Price Rally Revives Offshore Oil Sector

The offshore sector was one…

China’s CNPC Boosts Global Oil, Gas Ties

China’s CNPC Boosts Global Oil, Gas Ties

China National Petroleum Corporation (CNPC)…

The Perfect Storm Bringing China And Russia Together

The Perfect Storm Bringing China And Russia Together

A variety of geopolitical and…

Energy

This Merger Creates A New Oilfield Services Giant

This Merger Creates A New Oilfield Services Giant

Oct 09, 2018 at 11:06 | Rystad Energy

Two of the leading offshore drilling contractors have agreed to merge creating an industry-leading drilling contractor capable of working across all water depths with a truly global footprint.

U.S. Crude Oil Exports Could Jump To Almost 4 Million Bpd By 2020

U.S. Crude Oil Exports Could Jump To Almost 4 Million Bpd By 2020

Oct 09, 2018 at 10:30 | Tsvetana Paraskova

U.S. crude oil exports could increase to 3.9 million bpd by 2020, mostly driven by rising production in the Permian, the Houston Chronicle reported on Tuesday, citing a new…

Gulf Of Mexico Producers Brace For Hurricane Michael

Gulf Of Mexico Producers Brace For Hurricane Michael

Oct 09, 2018 at 10:17 | Irina Slav

Oil and gas field operators in the Gulf of Mexico began to evacuate platform staff and shut in production ahead of Hurricane Michael, which is expected to make landfall in…

North Sea Oil & Gas Operating Costs Rose Last Year

North Sea Oil & Gas Operating Costs Rose Last Year

Oct 09, 2018 at 09:31 | Irina Slav

Production and operating costs of oil and gas field operators in the UK North Sea section went up by about 2 percent last year, the Oil and Gas Authority—the national…

What’s Next For Oil Prices?

What’s Next For Oil Prices?

Oct 08, 2018 at 17:13 | Tsvetana Paraskova

Oil prices rallied last week to their highest level since November 2014, with Brent Crude hitting $86 and WTI Crude rising above $75 a barrel at one point…

Goldman: The Oil Market Can Handle Iran Outages

Goldman: The Oil Market Can Handle Iran Outages

Oct 08, 2018 at 17:04 | Nick Cunningham

Oil prices cooled off in recent days as fears of an acute shortage of supply stemming from sanctions on Iran started to subside. At least two companies in India have…

North Sea Oil Renaissance Could Flop

North Sea Oil Renaissance Could Flop

Oct 08, 2018 at 13:35 | Irina Slav

Last year, when Oilprice wrote about a rush of investments into North Sea oil and gas, it looked like that part of the oil world was undergoing a seismic…

Iran: Saudis Aren’t Replacing Our Oil Exports

Iran: Saudis Aren’t Replacing Our Oil Exports

Oct 08, 2018 at 12:43 | Tsvetana Paraskova

The market will never buy Saudi Arabia’s claim that it has been compensating for the loss of Iran’s oil exports, Iranian Oil Minister Bijan Zanganeh said on Monday, adding…

Iran’s Crude Exports Plunge To 1.1 Million Bpd

Iran’s Crude Exports Plunge To 1.1 Million Bpd

Oct 08, 2018 at 11:53 | Tsvetana Paraskova

Iran’s crude oil exports plunged to 1.1 million bpd in the first seven days of October, sliding further down from 1.6 million bpd in September as we are just four…

Houthi Rebels Detain Fuel Tankers At Oil Port Hodeidah

Houthi Rebels Detain Fuel Tankers At Oil Port Hodeidah

Oct 08, 2018 at 09:21 | Irina Slav

The Yemeni Houthi rebels have detained 10 vessels, including fuel tankers, at the port of Hodeidah, and are preventing them from offloading their cargo, The National reports, citing Yemen’s…

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