Guaido to Appeal $8.7B ConocoPhillips Award  | Rigzone
by  Bloomberg | Fabiola Zerpa | Friday, March 15, 2019 Venezuela’s opposition leader Juan Guaido plans to appeal the $8.75 billion award issued to ConocoPhillips by the World Bank’s arbitration tribunal last week. (Bloomberg) — Venezuela’s opposition leader Juan Guaido plans to appeal a $8.75 billion award issued to ConocoPhillips by the World Bank’s arbitration
Oil Expected to Rally into Summer  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Friday, March 15, 2019 Merill Lynch expects oil to rally into the summer. Merill Lynch expects oil to rally into the summer. That’s what Hootan Yazhari, head of global frontier markets equity research at Bank of America Merrill Lynch, revealed in a television interview with Bloomberg earlier this
Oil Set for Weekly Gain  | Rigzone

Oil Set for Weekly Gain  | Rigzone

by  Bloomberg | Tsuyoshi Inajima | Friday, March 15, 2019 Oil’s poised for the best weekly rally in a month as the world’s top crude producers are scheduled to discuss about extending their pledged output curbs to avert a global glut. (Bloomberg) — Oil’s poised for the best weekly rally in a month as the
Oil, Gas Looks to Create Value in Digital Transformation  | Rigzone
by  Valerie Jones | Rigzone Staff | Friday, March 15, 2019 Now seems to be the perfect time for the oil and gas industry to leverage digital capabilities to achieve success in the digital transformation. The oil and gas industry’s digital transformation is at an inflection point. “We’ve invested a tremendous amount of resources into
ABB Execs Talk Tech's Impact on Oil, Gas and More  | Rigzone
by  Valerie Jones | Rigzone Staff | Friday, March 15, 2019 Rigzone spoke with ABB executives during the CERAWeek by IHS Markit conference about the oil and gas industry’s technological evolution and sustainability in the industry. Energy executives from around the globe convened in Houston this week for the CERAWeek by IHS Markit conference themed
US Has Fourth Straight Week of Rig Count Declines  | Rigzone
by  Valerie Jones | Rigzone Staff | Friday, March 15, 2019 The U.S. dropped one oil rig this week. The U.S. rig count declined, albeit slightly, this week according to weekly data from Baker Hughes, a GE Company. The nation’s oil rigs dropped by one while the gas rig count remained flat. This is the
Oil Prices Up for the Week  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Friday, March 15, 2019 The WTI is up 4.4 percent and the Brent 2.1 percent. Both the West Texas Intermediate (WTI) and Brent crude oil prices ended the day lower Friday, but the benchmarks are up for the week. April WTI futures lost nine cents Friday, settling
Oil Pierces 4-Month High  | Rigzone

Oil Pierces 4-Month High  | Rigzone

| Thursday, March 14, 2019 Oil held gains after breaching $58 a barrel for the first time this year. (Bloomberg) — Oil held gains after breaching $58 a barrel for the first time this year as falling U.S. crude and fuel inventories boosted optimism that a global surplus is shrinking. Futures were little changed in
Saudis Reluctant to Do Trump's Bidding  | Rigzone
by  Bloomberg | Grant Smith and Javier Blas | Thursday, March 14, 2019 Four months ago, Saudi Arabia’s devotion to its decades-old oil partnership with the U.S. was stronger than ever. (Bloomberg) — Four months ago, Saudi Arabia’s devotion to its decades-old oil partnership with the U.S. was stronger than ever. President Donald Trump was
Exxon Plans for $15 per Barrel Permian Costs  | Rigzone
by  Bloomberg | Kevin Crowley | Thursday, March 14, 2019 Exxon plans to reduce the cost of pumping Permian oil to about $15 a barrel, a level only seen Middle East oil fields. (Bloomberg) — Exxon Mobil Corp. plans to reduce the cost of pumping oil in the Permian to about $15 a barrel, a