The Next Permian Takeover Target  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Thursday, May 23, 2019 Wood Mackenzie outlines the next most likely takeover targets in the Permian right now. The next most likely takeover target in the Permian right now is Endeavor Energy Resources, according to Wood Mackenzie (WoodMac). “The storied Permian producer has been on the radar for
Obscure Cypriot Plots $10B East Med Gas Bet  | Rigzone
by  Bloomberg | Yaacov Benmeleh | Thursday, May 23, 2019 A little-known investor group is planning a major shakeup of the Eastern Mediterranean natural gas industry. (Bloomberg) — A little-known investor group is planning a major shakeup of the Eastern Mediterranean natural gas industry in a bid to unlock hundreds of billions of dollars of
Guyana Investigating Offshore Oil Leases  | Rigzone
by  Bloomberg | Kevin Crowley | Thursday, May 23, 2019 Guyana’s anti-corruption agency is investigating how some exploration rights were awarded in the world’s biggest new deepwater oil region. (Bloomberg) — Guyana’s anti-corruption agency is investigating how exploration rights were awarded in the world’s biggest new deepwater oil region, including those now controlled by Exxon
Select US Drilling Rights Sell for $1.50 Per Acre  | Rigzone
by  Bloomberg | Jennifer A. Dlouhy | Thursday, May 23, 2019 From 2017 to 2018, the number of acres sold non-competitively more than doubled, from roughly 141,000 to nearly 379,000. (Bloomberg) — The Trump administration’s auction of drilling rights on roughly 300,000 acres in Nevada last September appeared to be a bust when it failed to attract
Oil Extends Losses  | Rigzone

Oil Extends Losses  | Rigzone

by  Bloomberg | Tsuyoshi Inajima | Thursday, May 23, 2019 Oil extended losses after a surprise jump in American crude inventories alleviated concerns over a supply crunch. (Bloomberg) — Oil extended losses after a surprise jump in American crude inventories alleviated concerns over a supply crunch, while the demand outlook remained bleak as there was
What is asset integrity? | Oil & Gas IQ
Asset integrity, or asset integrity management systems (AIMS) is the term for an asset’s capacity to run effectively and accurately, whilst also protecting the wellbeing of all personnel and equipment with which it interacts – as well as the measures in place to assure the asset’s life cycle. Asset integrity applies to the entirety of
Oil Heads for Biggest Drop in 2 Weeks  | Rigzone
by  Bloomberg | Tsuyoshi Inajima | Wednesday, May 22, 2019 Oil headed for its biggest drop in two weeks as signs the worsening U.S.-China trade war will take a toll on global economic growth overshadowed the prospect of OPEC+ extending output curbs. (Bloomberg) — Oil headed for its biggest drop in two weeks as signs
Top 2019 US Oil Stock Has No Permian Stake  | Rigzone
by  Bloomberg | Rachel Adams-Heard | Wednesday, May 22, 2019 This year’s top-performing U.S. oil producer doesn’t have any operations in the world’s fastest-growing shale play. (Bloomberg) — This year’s top-performing U.S. oil producer doesn’t have any operations in the world’s fastest-growing shale play. New York-based Hess Corp. has climbed about 64% this year to
Oil Climbs for Second Day  | Rigzone
by  Bloomberg | Tsuyoshi Inajima | Tuesday, May 21, 2019 Oil rose for a second day on signs OPEC and its allies will extend production cuts beyond June. (Bloomberg) — Oil rose for a second day on signs OPEC and its allies will extend production cuts beyond June, while a steadily deteriorating U.S.-China trade relationship
US Shale Set for 16% Oil Growth in 2019  | Rigzone
by  Valerie Jones | Rigzone Staff | Tuesday, May 21, 2019 U.S. shale operators are on track to increase oil production by 16 percent in 2019, according to analysis by energy research firm Rystad Energy. As if they’re not already on a roll, U.S. shale operators are on track to increase oil production by 16