$264B Needed to Realize UK's Oil and Gas Vision  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Wednesday, March 20, 2019 $264 billion will need to be spent by exploration and production companies in existing operations and new opportunities to realize the UK oil and gas industry’s Vision 2035. $264.6 billion (GBP 200 billion) will need to be spent by exploration and production (E&P) companies
Oil's Rally Stalls Near $59  | Rigzone
by  Bloomberg | Sharon Cho | Wednesday, March 20, 2019 Oil’s rally stuttered as uncertainty over the status of trade negotiations between the U.S. and China stoked concerns over global economic growth. (Bloomberg) — Oil’s rally stuttered as uncertainty over the status of trade negotiations between the U.S. and China stoked concerns over global economic
Oil Prices Mixed Amid OPEC+ Uncertainty  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Tuesday, March 19, 2019 Things may not be what they seem on the OPEC+ production cut front. Crude oil prices were mixed Tuesday, with West Texas Intermediate (WTI) futures posting a decline and the Brent finishing the day higher. The April WTI contract lost six cents Tuesday,
Saudi-Russia Alliance Shows Signs of Strain  | Rigzone
by  Bloomberg | G.Smith, S.E.Wardany, D.Khrennikova, A.Hordern | Tuesday, March 19, 2019 The partnership at the heart of the OPEC+ alliance showed further signs of strain after Russia pressured the Saudi-led group to delay a decision on the future of their production cuts. (Bloomberg) — The partnership at the heart of the OPEC+ alliance showed
When Will the Oil Service Market Match 2014 Highs?  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Tuesday, March 19, 2019 When will the global oilfield service sector return to previous highs? The global oil service market will not return to previous highs until 2025. That’s according to energy research and business intelligence company Rystad Energy, which forecasts that global service market revenues will match
Oil Holds Gains  | Rigzone

Oil Holds Gains  | Rigzone

by  Bloomberg | Tsuyoshi Inajima | Tuesday, March 19, 2019 Oil held gains near the highest level this year after OPEC and its partners committed to continue production cuts until at least June. (Bloomberg) — Oil held gains near the highest level this year after OPEC and its partners committed to continue production cuts until
Oil Slips  | Rigzone

Oil Slips  | Rigzone

by  Bloomberg | Tsuyoshi Inajima and Alex Longley | Monday, March 18, 2019 Oil slipped from near a four-month high as OPEC and its allies met in Azerbaijan Monday and recommended deferring a decision on whether to extend oil production cuts until June. (Bloomberg) — Oil slipped from near a four-month high as OPEC and
Equinor May be Mulling Eagle Ford Sale  | Rigzone
by  Bloomberg | Kiel Porter and Dinesh Nair | Monday, March 18, 2019 Norway’s biggest oil company has held talks with potential suitors for its stake in the Eagle Ford business. (Bloomberg) — Equinor ASA is considering selling all or some of its operations in the Eagle Ford shale in the U.S., according to people
OPEC Can Make or Break Oil's Bull Run  | Rigzone
by  Bloomberg | Jessica Summers and Ben Foldy | Monday, March 18, 2019 OPEC can make or break oil’s bull run, and hedge funds are betting the cartel will keep fueling the rally. (Bloomberg) — OPEC can make or break oil’s bull run, and hedge funds are betting the cartel will keep fueling the rally.
Market Fundamentals Improving But Much Left to Do  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Monday, March 18, 2019 Market fundamentals have been slowly improving since the latter part of last year, but much more work still needs to be done, according to Saudi Arabia’s energy minister. Market fundamentals have been slowly improving since the latter part of last year, but much more