Saturday, May 30, 2026
Offshore

Repsol, Statoil Announce Asset Swap Involving Eagle Ford and Norway Positions

No oil and gas companies were in attendance for Major League Baseball’s winter meetings (baseball’s equivalent of Christmas with its free agent signings, discussions, swaps and trades), but two industry giants independently agreed to a swap of their own on December 11, 2015. Norway’s Statoil (ticker: STO) and Spain’s Repsol (ticker: REPYY) will trade acreage positions in a non-cash, straightforward

OECD Commercial Stocks See First Draw in Seven Months

Draw on commercial stocks in October is not the start of a trend, but fears of reaching capacity are overstated: IEA The Organization of Economic Cooperation and Development saw commercial stocks of crude oil draw down for the first time in seven months, according to the International Energy Agency’s (IEA) December Oil Market Report. Commercial stocks stood at 2,971 MMBO

Fracing

Rig Count Sees Largest Drop in Percentage Terms Since April

Oil prices and rig counts decline 4% following OPEC meeting The total rig count for the United States in the week ended December 11, 2015, was down 4% from the previous week, the largest drop by percentage since the week ended April 10, 2015. The total rig count fell by 28 in absolute terms, finishing the week at 709, according

With Keystone XL Dead, Environmental Groups Turn to Obama to Kill Alberta Clipper Expansion

Following judge’s confirmation of Enbridge’s legal authority to carry out 430 MMBOPD Alberta Clipper expansion U.S. District Judge Michael Davis in Minnesota rejected key parts of a lawsuit brought against Enbridge Inc. (ticker: ENB) over the expansion of the company’s Alberta Clipper pipeline. Environmental groups, including the Sierra Club, and tribal groups sought to stop the expansion of the Alberta