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Wildcatters still a gamble for investors despite oil's rise

JOHANNESBURG (Bloomberg) -- Higher oil prices may seem like the pot of black gold at the end of the rainbow for wildcat explorers in frontier plays. But even with talk that prices of $100/bbl could again be in sight, investors are wary befo......【More】

2018-10-12

Trump still doesn't like the price of oil, even as it falls

NEW YORK (Bloomberg) -- This time it wasnt a tweet. President Donald J. Trump is again saying oil prices are too high, even after West Texas Intermediate crude dropped from a four-year high last week. I want more energy, because I dont like......【More】

2018-10-11

Decline rates from maturing oil wells in the Permian are on the rise

NEW YORK (Bloomberg) -- Oil producers in the Permian basin and elsewhere could soon find themselves facing the oilfield equivalent of trying to walk up the down escalator. The oil industry, and particularly the Permian, is in the midst of a......【More】

2018-10-10

Saudi prince sees deal with Kuwait to restart oil fields ＂soon＂

(Bloomberg) -- Saudi Arabias crown prince said hes getting close to striking a deal with Kuwait about two jointly owned fields that can produce half a million barrels a day of crude. We believe that we are almost close to having something w......【More】

2018-10-08

Iranian oil tankers go dark with six weeks to go until sanctions hit

LONDON (Bloomberg) -- Irans oil tankers are starting to disappear from global satellite tracking systems with just under six weeks to go until U.S. sanctions are due to hit the countrys exports, making it harder to keep track of the nations......【More】

2018-09-26

Anglo African Oil & Gas provides update on drilling program in the Congo

LONDON -- Anglo African Oil Gas plc, an independent oil and gas developer, has announced that the construction of the extended pad at Tilapia field, in the Republic of the Congo has been completed ahead of schedule. The well to be drilled o......【More】

2018-09-25

Exxon among majors to join Oil and Gas Climate Initiative

IRVING, Texas -- ExxonMobil said it will join the Oil and Gas Climate Initiative (OGCI), a voluntary initiative representing 13 of the worlds largest oil and gas producers working collaboratively toward solutions to mitigate the risks of cl......【More】

2018-09-21

Riverstone plans $900-million sale of oilfield services equipment company

NEW YORK (Bloomberg) -- Riverstone Holdings LLC is preparing to sell oilfield services equipment company Abaco Energy Technologies, which could fetch about $900 million, according to people with knowledge of the matter. The private equity f......【More】

2018-09-20

Equinor granted drilling permit for wildcat, west of Atlantis discovery

STAVANGER -- The Norwegian Petroleum Directorate (NPD) has granted Equinor Energy AS a drilling permit for well 7324/3-1, cf. Section 15 of the Resource Management Regulations. Well 7324/3-1, will be drilled from the West Hercules drilling......【More】

2018-09-19

OPEC sees need to keep oil supply deal as demand faces headwinds

DUBAI (Bloomberg) -- OPEC needs to keep working with other oil producers to manage global supplies as demand for crude faces headwinds, the head of the organization said. The historic supply deal between Saudi Arabia, Russia and other produ......【More】

2018-09-18