Oil Down 23 Percent for the Week
Friday March 13, 2020 - Oil posted the biggest weekly plunge since 2008.
Results 50 articles shown
ONEOK Suspends Select Expansion Projects
Friday, March 13, 2020 The company has also cut 2020 capex by $500 million.
Ovintiv Dropping 16 Rigs
Friday, March 13, 2020 Ovintiv Inc. plans to drop more than two-thirds of its operated rigs amid $300 million in Q2 capex cuts.
Saudi-Russia Price War Drives Rough Week for Oil
Friday, March 13, 2020 Here is a breakdown of the most-viewed articles on Rigzone during the period that had some connection to the downstream.
Oil Crash Is Double-Edged Sword for LNG
Friday, March 13, 2020 Oil's rout may have been an unexpected boon for the biggest buyers of liquefied natural gas, but its knock-on effects may come back to bite.
Apache Responds to Low Oil Prices
Friday, March 13, 2020 Apache Corporation has announced multiple actions in response to the current oil price environment.
OPEC+ Wages War on US Shale Sector
Friday, March 13, 2020 Here are some of Rigzone's top stories during the last week, just in case you missed them...
Texas Shale Heartland Rattled by Virus and Price War
Friday, March 13, 2020 Just last week, when crude oil prices fell to $46 a barrel, the mayor of the biggest city in the world's largest shale oil patch seemed oddly calm, almost relieved.
Oil Market Hits and Misses for the Week
Friday, March 13, 2020 Rigzone panelists offer their take on market developments for the week ending March 13, 2020.
Shale Drillers Seek Jones Act Waiver to Ease Price Pain
Friday, March 13, 2020 US oil companies are encouraging the Trump administration to waive a law that says only American vessels can transport goods among US ports.
US to Buy Large Quantities of Oil for Reserve
Friday, March 13, 2020 President Trump said he's instructed the Energy Department to buy crude "at a very good price."
Oil Down 23 Percent for the Week
Friday, March 13, 2020 Oil posted the biggest weekly plunge since 2008.
BJ Services Inks Contract with Aethon to Deploy TITAN Frac Fleet
Thursday, March 12, 2020 The TITAN provides up to 5,000 horsepower while supporting the reduction of greenhouse gas emissions and reduced operating costs.
Matador Releasing Rigs, Cutting Management Compensation
Thursday, March 12, 2020 The company expects to take the following actions over the next several months.
Panhandle Oil and Gas CFO Resigns
Thursday, March 12, 2020 His successor has over 20 years of experience in finance and investment banking.
Alta Mesa's Buyer Backpedals as Financing Dries Up
Thursday, March 12, 2020 Alta Mesa has asked the court to force BCE-Mach III LLC to go through with the deal.
Wood Makes Exclusive Tech Deal with Shell
Thursday, March 12, 2020 The deal applies to a slug suppression device for pipeline-riser systems.
Oil Drops After US Restricts Travel from Europe
Thursday, March 12, 2020 Oil resumed declines after President Donald Trump said the U.S. would restrict travel from Europe for the next 30 days.
EIA Slashes Oil Price Forecasts
Thursday, March 12, 2020 The U.S. Energy Information Administration has slashed its oil price forecasts in its latest short-term energy outlook.
OPEC+ to Hold Committee Meeting by Phone
Thursday, March 12, 2020 The next meeting of the OPEC+ technical committee to assess compliance with the group's final month of production cuts will be held by phone.
Which US Oil Companies Are Going to Struggle?
Thursday, March 12, 2020 U.S. shale companies that are highly leveraged will struggle with the current low oil prices due to the nature of their business model, Edison outlines.
A Global Natural Gas Market Is Emerging
Thursday, March 12, 2020 Very, very quickly LNG is starting to look like a twin of oil.
Icahn Anticipates Strong Bids to Emerge for Oxy on Oil Rebound
Thursday, March 12, 2020 Activist investor Carl Icahn expects oil prices will rebound in the near to medium term and that "strong bids" will emerge for Oxy.
Oil Set for Worst Week Since 2008
Thursday, March 12, 2020 Futures in New York tumbled 4.5 percent on Thursday and are on track for a 24 percent weekly drop.
McDermott's Train 3 of Freeport LNG Hits Final Stage
Wednesday, March 11, 2020 This includes the introduction of feed gas into Train 3 of the liquefaction export facility.
Marathon Dials Back Activity, Trims 2020 Budget
Wednesday, March 11, 2020 The revised budget of $1.9 billion or less is a 30 percent reduction in comparison to 2019 capital spend.
Tellurian Shifts Resources to Prioritize Driftwood LNG
Wednesday, March 11, 2020 Management is cutting costs and reorganizing to weather energy market challenges.
Saulsbury Opens Northern Operations in Bakken Play
Wednesday, March 11, 2020 New location represents the EPC company's strategic expansion throughout the northern and midwestern US.
New Mexico Sets New Royalty Record
Wednesday, March 11, 2020 The New Mexico State Land Office received $108,916,517 in royalty payments in February from oil and gas operations on state trust land.
Occidental Confirms Dividend and Capex Cuts
Wednesday, March 11, 2020 The large shale producer is cutting its quarterly dividend by 86 percent and capex by approximately one-third.
Oil Rally Falters After Saudis Vow to Boost Output
Wednesday, March 11, 2020 Oil's rebound from its biggest crash in a generation faltered after Saudi Arabia said it would boost its production capacity.
Volume War Likely Until Next OPEC+ Meeting
Wednesday, March 11, 2020 We're likely in for a volume war until the next scheduled OPEC+ meeting in June, according to Rystad Energy.
US Suspends Oil Sale
Wednesday, March 11, 2020 The U.S. Department of Energy is suspending its recently announced sale of crude oil from the strategic petroleum reserve.
SocGen Turns Bullish on Oil 77彩票注册官网
Wednesday, March 11, 2020 Societe Generale SA has moved to overweight from neutral on European oil & gas shares in the face of the turmoil in the energy and stock markets.
US Oil Output to Dip for the First Time Since 2016
Wednesday, March 11, 2020 US oil output will average 12.7 million barrels a day in 2021, down from an expected 13 million barrels this year.
Harold Hamm Seeks US Dumping Probe Into Saudi Oil Flood
Wednesday, March 11, 2020 Shale billionaire Harold Hamm wants to file a complaint with the US Department of Commerce against Saudi Arabia for "illegal" dumping of crude.
Oil Falls Amid OPEC Market Share Battle, Virus Woes
Wednesday, March 11, 2020 Oil resumed its slide alongside equities.
Basic Energy Acquires C&J Well Services Ops for $94MM
Tuesday, March 10, 2020 The deal increases the company's footprint in the Permian, California and other key oil basins.
Parsley, Diamondback Tweak Drilling Outlook on Weak Prices
Tuesday, March 10, 2020 Planned activities are now in the context of $30-$35 WTI oil prices for the remainder of the year.
10-year Diamond Offshore Contract Goes to Logan
Tuesday, March 10, 2020 Logan Industries will provide CBM services for wireline tensioners onboard five Diamond Offshore drilling and completion vessels.
Coronavirus Accelerates Inevitable Crumbling Of OPEC+ Bonhomie
Tuesday, March 10, 2020 An unsustainable oil producers' alliance gets undone by an unprecedented crude demand crisis that has forecasters shooting blind.
WoodMac Sees Potential New Wave of Cost-Cutting
Tuesday, March 10, 2020 A major industry shake-up akin to that of the late-1990s could be on the horizon.
Oil Claws Back Some Losses After Crash
Tuesday, March 10, 2020 Oil clawed back some losses after its biggest drop in three decades as investors grappled with simultaneous supply and demand shocks and the most volatile market on record.
Oil Prices Will Eventually Rebound
Tuesday, March 10, 2020 Oil prices will eventually rebound, according to Cantor Fitzgerald Europe.
Texas Oil Bodies Respond to Oil Price Crash
Tuesday, March 10, 2020 The Texas Independent Producers & Royalty Owners Association and the Texas Oil & Gas Association have spoken to Rigzone following the latest oil price crash.
Talos Cancels Investor Event Due to Virus
Tuesday, March 10, 2020 Talos Energy Inc. revealed Monday that it is cancelling its analyst and investor event scheduled for March 12 in New York City.
Russia Keeps Door Open for OPEC+
Tuesday, March 10, 2020 Russia stepped up its price war with Saudi Arabia by warning it can raise oil production, while also saying further cooperation with OPEC is possible.
Is America's Oil Producer Status Now at Risk?
Tuesday, March 10, 2020 Most shale wells are now unprofitable and drillers are scrambling to scale back operations.
Oil Rebounds as Lawmakers Weigh Stimulus
Tuesday, March 10, 2020 Oil bounced back from its biggest plunge in 29 years.
Shell Puts Two US Refineries up for Sale
Monday, March 09, 2020 The move is in line with the company's plans to reshape its global refining portfolio.
WPX Expands Permian Footprint with Felix Energy Acquisition
Monday, March 09, 2020 WPX now produces more than 150,000 BOPD from its operations in the Delaware and Williston basins.
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