Oil Prices Mixed Amid Elevated Global Stocks  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Thursday, March 14, 2019 The WTI continued its ascent but the Brent faltered. The West Texas Intermediate (WTI) crude oil benchmark continued its ascent Thursday, rising for the third straight trading day. Brent futures, meanwhile, faltered and ended a three-session growth streak. The price of a barrel
gas outlook
The next six years could see some incredible proceeds Growing production and accessibility from offshore gas fields on account of technological advancements will drive the gas pipeline infrastructure market. Ongoing initiatives to improve the inadequate gas transmission and distribution infrastructure in order to facilitate the cross border and domestic trade will stimulate the industry outlook.
Gulf of Mexico Lease Sale Set for August  | Rigzone
by  Matthew V. Veazey | Rigzone Staff | Wednesday, March 13, 2019 Lease Sale 253 will be the fifth of 10 offshore lease sales under BOEM’s 2017-2022 OCS leasing program. The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has proposed an August 2019 region-wide oil and gas lease sale for 78
Oil Extends Gains  | Rigzone

Oil Extends Gains  | Rigzone

by  Bloomberg | Tsuyoshi Inajima | Wednesday, March 13, 2019 Crude rose for a third day after an industry report showed an unexpected drop in U.S. stockpiles at a time when the world’s top producers are said to be looking at a plan to extend their output curbs. (Bloomberg) — Crude rose for a third
WTI Clears $58  | Rigzone

WTI Clears $58  | Rigzone

by  Matthew V. Veazey | Rigzone Staff | Wednesday, March 13, 2019 The WTI stayed north of $58 Wednesday. West Texas Intermediate (WTI) crude oil rose by more than $1 Wednesday, with Brent futures showing a relatively modest gain. The April WTI contract price gained $1.39 during midweek trading to settle at $58.26 per barrel.
Venezuela Ordered to Pay ConocoPhillips $8.7B  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Wednesday, March 13, 2019 An international arbitration tribunal has unanimously ordered the government of Venezuela to pay ConocoPhillips $8.7 billion. ConocoPhillips has revealed that an international arbitration tribunal has unanimously ordered the government of Venezuela to pay the company $8.7 billion. The compensation is for the government’s “unlawful
What Does an Election Mean for UK Oil and Gas?  | Rigzone
by  Christina Nikolova, Heriot-Watt Univ. PhD Student | Rigzone Contributor | Wednesday, March 13, 2019 If there was a general election in the not too distant future, what would it mean for the UK oil and gas industry? With the recent failures of the UK government to pass a deal for leaving the European Union
OPEC Is Said to Warn Wall Street on NOPEC  | Rigzone
by  Bloomberg | Javier Blas | Wednesday, March 13, 2019 OPEC is sending a clear message to Wall Street banks and big investors. (Bloomberg) — OPEC is sending a clear message to Wall Street banks and big investors: If Washington passes legislation that would allow the U.S. government to sue the cartel, the first victim
opec

Trump / OPEC stand-off – News Stream

Is the US justified in their confidence? This week on News Stream, we look at the recent Saudi Arabian cuts to US fuel supply – and the effects this could have on crude prices and the other OPEC nations’ future plans. The full transcript of this week’s episode of News Stream is available below. Saudi
Improved 2019 outlook for UK upstream production
Raised forecasts promise growth in the year to come Following the latest forecast from the UK Oil and Gas Authority (OGA) for the UK’s offshore sector, Jonathan Markham, Senior Upstream Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his insight on the future of the UK’s upstream sector: “After five