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Global gas market battered by glut gets eager buyer in Thailand

Thailand has a message for embattled global LNG sellers: It’s going on a shopping spree.

U.S. shale to feed European gas market battered by winter

The heart of Europe’s gas market may finally get a helping hand from the American shale revolution as fuel is poised to cross the Atlantic to replenish depleted inventories after the coldest January in seven years.

Cnooc rises as crude reserves boost investor appeal

Cnooc Ltd.’s wider disclosure about its reserve base and a higher-than-expected dividend is turning more analysts positive on the company. Shares jumped the most in almost four months.

Shell divests Gabon onshore interests

Royal Dutch Shell, through its affiliates, has reached an agreement with Assala Energy Holdings, a portfolio company of the Carlyle Group, to sell 100% of its Gabon onshore assets for $587 million. The sale and purchase agreement (SPA) is subject to certain conditions which include various approvals. Closing is expected in mid-2017.

OPEC, allies meet as oil market warns them: job's not done

OPEC and allies reviewing the impact of their oil cuts this weekend face a market with an unambiguous message: their work is far from done.

TransCanada granted Presidential permit for Keystone XL pipeline

After eight years of political haggling, the Keystone XL oil pipeline running from Canada to the U.S. has been approved by President Donald Trump.

OPEC cuts seen filling wallets of North American heavy oil producers

OPEC’s supply cuts are providing a windfall for producers of heavy crude from Western Canada and the Gulf of Mexico.

Siemens and Saipem to collaborate on subsea control system technology

Saipem and Siemens have signed a Joint Development Agreement aimed at qualifying and promoting an open standard subsea control systems for Saipem’s Subsea Bus architecture based on Siemens Subsea DigiGrid.

Eni strikes pay in Mexico's Campeche Bay

Eni has successfully drilled the Amoca-2 well in the shallow waters of Campeche Bay, offshore Mexico, confirming the presence of oil in multiple reservoirs.

NPD extends life of subsea facilities at Exxon Mobil's Sigyn field

The Norwegian Petroleum Directorate has granted consent for continued use of the subsea facilities on the Sigyn field in the North Sea from the end of 2017 until the end of 2022.

Big bets placed on distressed oil industry assets

Two former associates of billionaire shipping and rig tycoon John Fredriksen are delivering out-sized returns by snapping up distressed and shunned oil-related assets. And they say it’s a bet that has plenty of room to run.

OGA awards 25 licences for UKCS in 29th offshore licensing round

The Oil and Gas Authority (OGA) is to award 25 licenses for 111 blocks or part blocks to 17 companies in the 29th Offshore Licensing Round to enable further exploration and production across frontier areas of the UK Continental Shelf (UKCS).

Anadarko announces multi-billion-dollar capital program

Anadarko Petroleum Corporation recently announced its 2017 initial capital program of $4.5 to $4.7 billion along with its 2017 initial capital expectations and guidance.

Maersk Oil welcomes agreement encouraging full redevelopment of Tyra field

Maersk Oil has, on behalf of the Danish Underground Consortium (DUC), reached an agreement with the Government of Denmark, which will facilitate future oil and gas investments in the Danish North Sea and protect industry jobs in Denmark.

Pioneer Natural Resources announces sale of Texas acreage for $266 million

DALLAS -- Pioneer Natural Resources Company has announced that it has signed a purchase and sale agreement with an undisclosed buyer to sell its previously-announced acreage package in northeastern Martin County, Texas, for $266 million, subject to normal closing adjustments.

Oil price forecasts falling on shale surge, OPEC uncertainty

Analysts following the $1.8 trillion-a-year oil market are tempering bullish price outlooks after the commodity lost about 10% of its value in less than two weeks amid ominous signs the worldwide supply glut may not be shrinking.

ONGC to invest $10 billion in deepwater projects off India's east coast

India’s Oil & Natural Gas Corp. is wading into deep waters, where energy giants BP Plc and Reliance Industries Ltd. found a sea of trouble.

Statoil receives consent for exploration drilling in block 7121

Statoil has received consent to drill exploration well 7121/8-1 in production licence 849. The well is to be drilled in a prospect named Blåmann.

Sound Energy completes drilling of third Tendrara well, onshore Morocco

Sound Energy, the African and European focused upstream gas company, has announced that TE-8, the third well at the Company's Tendrara licence (onshore Morocco), has now been drilled to a final target depth, at a measured depth (MD) of 3,120 m, corresponding to a vertical depth of 3,066 m, some 359 m into the Paleozoic formation.

4Subsea awarded master service agreement with Statoil

4Subsea will deliver services and research projects related to structural integrity of fixed and floating offshore installations.