Devon Energy (ticker: DVN) continued its divestiture program today with the largest deal so far, valued at $3.125 billion.
Devon will sell its interest in EnLink Midstream (ticker: ENLC) to privately held Global Infrastructure …
Oil prices reached their highest point since December 2014 and companies in the oil and gas industry are hiring accordingly as activity in the industry picks up.
LinkedIn’s workforce report for June details …
The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.
Crude oil stocks rose by 2,072 MBBL last week to 436,584 MBBL from 434,512 MBBL. This is …
AKITA Drilling Ltd. (ticker: AKT) and Xtreme Drilling Corp. (ticker: XDC) are combining under the AKITA name and will be operating 44 high-spec drilling rigs across multiple basins in the U.S. and Canada.
The transaction value is approximately CAD$209 million, …
Rightly regarded as the very heart of modern unconventional oil and gas drilling activity, the Permian Basin has some of the most concentrated horizontal drilling and completions operations in the country. However, there is a side of the Permian that …
Oil markets are beginning to separate, as several trends drive rising differentials in local and national pricing.
The WTI-Brent spread rose to over $11/bbl in intraday trading on both Thursday and Friday, the highest …
Osprey Energy Acquisition Corp. announced today that it has reached a definitive agreement to acquire assets held by Royal Resources, a Blackstone owned entity, in exchange for $400 million cash and an ownership stake representing 47% of the outstanding common …
Thanks to its recent success in the Willesden Green play fairway, Obsidian Energy, will be moving forward with an incremental $50 million development of the Cardium. The development will include 13 wells in the eastern part of Willesden Green, both …
The U.S unemployment rate has now dropped to 3.8%. Unemployment rates have not been this low since 2000, and the trajectory is down from double digit unemployment in 2009-2010 in the …
Drilling activity in the U.S. rose by only one rig his week, but it was enough to continue the positive momentum, with overall net U.S. rig count showing growth for the ninth-straight …
Brazil’s national oil company Petrobras (ticker: PBR) has experienced significant turmoil over the past two weeks, as multiple labor actions affected operations.
The roots of Petrobras’ current difficulties lie in …
The United Nations Conference on Trade and Development has published a new report looking at the global shale gas …
Jack Gerard, president and chief executive officer of the American Petroleum Institute, issued a statement on behalf of its oil and gas industry members speaking against the decision by the White House to activate steel tariffs on Canada, Mexico and …
One of the largest LNG projects in Africa was put in peril today, as the largest backer of the Fortuna project pulled out.
Targeting deepwater LNG in Equatorial Guinea, Fortuna is expected to …
According to the EIA, March 2018 marked the tenth consecutive month of increased production of dry natural gas. The average daily rate of dry natural gas production in March 2018 was also at an historic high at 79.6 BcF/ day. …
Shell Offshore, Inc. (ticker: RDS.A) started production early at the first phase of the Kaikias project, a subsea development in the U.S. Gulf of Mexico with estimated peak production …
Malaysian energy company PETRONAS is apparently back as an active LNG player in Canada, with the announcement today that it is buying a 25% equity stake in LNG Canada. LNG Canada is a proposed natural gas export project that is …
In February 2018, Catherine McKenna, the federal Minister of Environment and Climate Change, introduced Bill C-69. The bill …
Egypt is the largest non-OPEC oil producer in Africa and the third-largest dry natural gas producer on the continent, according to the EIA’s newest report on Egypt. In recent years, the country has seen political instability accompanied by growing power …
The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.
Crude oil stocks fell by 3,620 MBBL last week to 434,512 MBBL from 438,132 MBBL. This is …
The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week.
In total, the EIA reports natural gas stocks rose by 99 Bcf last week, increasing to 1,725 Bcf …
Except for a small drop in the amount of oil produced in 2016, with return to the upswing in 2017, American production has been on a steady increase ever since 2008. Even during the 2014-2016 price crash, U.S. E&Ps hunkered …
The U.S. Department of Transportation reported total vehicle miles traveled for March, outlining one of the main end uses of crude oil in the U.S.—highway transportation.
U.S. vehicles traveled an estimated 268.7 billion miles in March, or 8.67 billion miles …
The Arctic National Wildlife Refuge (ANWR) is located on the northern coast of Alaska, due east of both Prudhoe Bay and the National Petroleum Reserve-Alaska (NPRA). The coastal plain (the 1002 Area) covers 1.5 million acres and is about 8% …
Stored petroleum around the world fell through 2017 and the first quarter of 2018, ending a period of oversupply in the global market that began before OPEC began …
Reacting to comments from the Saudi oil minister, crude oil prices fell more than $5 per barrel between Friday and Tuesday. Brent crude …
Houston-based Gulf of Mexico producer Talos Energy Inc. (ticker: TALO) outlined the company’s strategy today in a new update.
The company projects 2018 pro forma production sales volumes of 18 – 19.5 MMBOE, or an average daily production 49 – …
Goodrich Petroleum (ticker: GDP) announced two strong Haynesville wells today, in an update on the company’s North Louisiana operations.
Goodrich’s Cason Dickson 1H well in Red River Parish achieved a 24-hour IP of 31 MMcf/d. The company reports the well …
Eco-Stim Energy Solutions, Inc. (ticker: ESES) reported today that it has agreed to provide its primary customer in the STACK with additional dedicated horsepower and equipment, including natural gas-powered pumping units. The company refers to this collaborative plan as a …
Calgary-based E&P Artis Exploration Ltd. closed a CDN$180 million (USD$138 million) growth equity investment from Warburg Pincus.
Founded in 2015, Artis is focused on the Duvernay East Shale Basin of Western Canada, where the company holds a contiguous acreage position …
