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Industry News

  • Global Upstream Investment to Dip in 2020
    on December 13, 2019 at 12:00 am

    Overall global upstream investments will decrease by around four percent in 2020, according to the latest forecast by Rystad Energy. […]

  • Oil Up After Trump Approves Trade Deal
    on December 13, 2019 at 12:00 am

    Oil rose to the highest level in almost three months after U.S. President Donald Trump signed off on a partial trade deal with China. […]

  • Oil Prices Finish Higher Amid Mix of Factors
    on December 12, 2019 at 12:00 am

    WTI and Brent crude oil finished higher Thursday, buoyed by reports of progress on the U.S.-China trade front and other factors. […]

  • Energy Projects Above $60 Breakeven Risk Being Unprofitable
    on December 12, 2019 at 12:00 am

    Global energy projects that need a breakeven oil price of above $60 could become uncommercial in the next decade, according to Rystad Energy. […]

  • $5.7B Deepwater Project Wins Chevron Approval
    on December 12, 2019 at 12:00 am

    Total also announced the FEED for a separate Central GOM project. […]

  • Oil Steady After Falling From 12-Week High
    on December 12, 2019 at 12:00 am

    Oil was steady after falling from the highest close in 12 weeks following an increase in U.S. crude and fuel stockpiles. […]

  • Oil Prices Decline Amid US Crude Build
    on December 11, 2019 at 12:00 am

    Both WTI and Brent crude oil futures edged downward at midweek. […]

  • EIA Raises Oil Price Forecast Again
    on December 11, 2019 at 12:00 am

    The U.S. Energy Information Administration has raised its Brent oil price forecast for the second time in a row. […]

  • Oil Falls as Report Shows US Stockpile Build
    on December 11, 2019 at 12:00 am

    Oil retreated from its highest close in almost three months after an industry report showed American crude inventories expanded last week. […]

  • Oil Prices Settle Higher
    on December 10, 2019 at 12:00 am

    West Texas Intermediate (WTI) and Brent crude oil edged upward during the second trading day of the week. […]

  • Saudis Not Getting Bullish About Oil for 2020
    on December 10, 2019 at 12:00 am

    A year after a rare bullish call on oil, Saudi Arabia isn't counting on much of an uplift from crude prices in 2020. […]

  • Oil Steady as Stockpiles Offset Trade Anxiety
    on December 10, 2019 at 12:00 am

    Oil was steady near a 12-week high as investors weighed a forecast drop in American crude inventories against a looming deadline for the U.S. to impose more tariffs on China. […]

  • Oil Prices Fall Modestly
    on December 9, 2019 at 12:00 am

    WTI and Brent crude oil prices finished lower Monday. […]

  • Oil Near 12-Week High after Surprise Saudi Curbs
    on December 9, 2019 at 12:00 am

    Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members. […]

  • Oil Prices Up for the Week
    on December 6, 2019 at 12:00 am

    Both WTI and Brent are up for the week, but only one of the benchmarks is up dramatically for the period. […]

  • US Drops Five Oil Rigs
    on December 6, 2019 at 12:00 am

    The U.S. idled five oil rigs and added two gas rigs for a net loss of three rigs this week. […]

  • US Loses Thousands of Upstream Jobs in November
    on December 6, 2019 at 12:00 am

    The U.S. saw a sharp decline in support activities for mining in November, according to data released Friday from the U.S. Bureau of Labor Statistics. […]

  • Halliburton Confirms More Layoffs in Oklahoma
    on December 6, 2019 at 12:00 am

    Halliburton has confirmed job cuts in Duncan, Oklahoma, just days after closing a facility in El Reno, Oklahoma. […]

  • OPEC+ Agrees to Redistribute Oil Cuts
    on December 6, 2019 at 12:00 am

    OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia. […]

  • Oil Sputters After OPEC+ Fails to Pin Down Details
    on December 6, 2019 at 12:00 am

    Oil sputtered as the OPEC+ coalition failed to pin down the details of an agreement to adjust its official output target even after six hours of talks in Vienna. […]

 
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