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Oil trader expects Saudis to keep production cuts in place until oil hits $110

(Bloomberg) – Oil trader Pierre Andurand said he expects Saudi Arabia to keep its current supply curbs in place until prices reach at least $110 a bbl.As .........【More】

2023-10-25

Global LNG demand won’t keep up with supply, top Japanese trader reports

(Bloomberg) – Global demand for liquefied natural gas (LNG) is likely to prove stronger than expected and the current pipeline of projects won’t be .........【More】

2023-10-18

Kosmos Energy makes oil discovery in U.S. Gulf of Mexico exploration well

(WO) – Kosmos Energy announced an oil discovery in the U.S. Gulf of Mexico at the Tiberius exploration well. Kosmos is the operator of the well and has a .........【More】

2023-10-13

Saudi economy to contract on lower oil production, World Bank reports

(Bloomberg) – Saudi Arabia’s economic output is expected to contract this year as a series of oil-production cuts pose a risk to the kingdom which i.........【More】

2023-10-10

Arena Energy wins seven leases in Gulf of Mexico to develop offshore oil, natural gas projects

(WO) – Arena Energy, LLC, an independent oil and gas exploration company focused on the Gulf of Mexico Shelf, was awarded seven leases by the Bureau of Oc.........【More】

2023-09-22

Permian Resources increases Delaware basin position with $4.5 billion Earthstone Energy acquisition

(WO) – Permian Resources Corporation and Earthstone Energy, Inc. have entered into a definitive agreement, under which Permian Resources will acquire Eart.........【More】

2023-08-22

Patterson-UTI completes Ulterra Drilling Technologies acquisition

(WO) – Patterson-UTI Energy, Inc. has completed the acquisition of Ulterra Drilling Technologies, L.P., a global provider of specialized drill bit solutio.........【More】

2023-08-17

US player in $700 million Eagle Ford exit — all eyes on ‘rock, returns and runway’

US shale player Chesapeake Energy Corporation has clinched a $700 million deal to sell its remaining Eagle Ford assets to New York-listed SilverBow Resources.Th.........【More】

2023-08-15

PetroChina among the Top 100 Listed ESG Companies in China

In mid-June, the 2023 ESG Action Report (the “Report”) was released by CCTV-2 (Finance Channel), China Media Group, together with the State-owned As.........【More】

2023-08-11

OPEC “cautiously optimistic” about oil demand amidst reopening of China

(Bloomberg) — OPEC’s top official said he sees a “more upbeat” economic outlook as China reopens after several years of virus restrictio.........【More】

2023-02-08