Production ///

U.S. exported 2 MMbopd in 2018 to 42 destinations, nearly doubling 2017

In 2018, U.S. exports of crude oil rose to 2.0 MMbpd, nearly double the 1.2 MMbpd rate in 2017. Export volumes by destination changed significantly during the year, as U.S. crude oil exports to China fell and exports to other destinations such as South Korea, Taiwan, and Canada increased.

Oil retreats after longest run of weekly gains in three years

Oil retreated in New York after its longest run of weekly gains in three years.

ADES secures new contracts in Algeria

ADES International Holding PLC (ADES or the Group), an oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has secured two new contracts for its onshore rigs ADES 2 and ADES 3 in Algeria with Groupement Sonatrach AGIP (GSA).

CNOOC signs a PSC with Smart Oil

CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed a production sharing contract (PSC) with Smart Oil Investment Ltd. (Smart Oil) for Bohai 09/17 Block (contract area).

Chevron buys Anadarko in cash-and-stock deal (WoodMac)

Commenting on Chevron’s US$50 billion cash-and-stock acquisition of Anadarko, Roy Martin, Wood Mackenzie’s senior corporate analyst, said “This is the biggest upstream deal since Shell and BG in 2015.

Chevron buys Anadarko in $33 billion bet on shale, LNG

Chevron agreed to buy Anadarko Petroleum in a $33 billion bet on the Permian shale-oil region and LNG

Exxon claims U.S. government sold tainted crude

Exxon Mobil is the latest company to raise concerns that a stockpile of U.S. government crude is tainted with poisonous gas.

Chevron to acquire Anadarko Petroleum for $33 billion (CVX press release)

Chevron has entered into a definitive agreement with Anadarko Petroleum to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65/share.

Alba Mineral Resources has announced Horse Hill aggregate total Portland volume exceeds 15,000 bbl

Alba Mineral Resources plc, the diversified mineral exploration and development company, has announced that Horse Hill Developments Ltd (HHDL or the Operator), the operator of the HH-1 Kimmeridge Limestone (KL) and Portland Sandstone (Portland) oil discovery in which Alba has an 11.765% interest.

Canadian oil-sands fate rests on conservative's plan

Jason Kenney has had it with the passive approach to fighting for Canada’s energy sector.

Trump paves way for U.S. energy infrastructure development

U.S. President Donald Trump on Wednesday signed two Executive Orders to streamline Federal processes surrounding energy infrastructure development. First, the President signed an Executive Order (EO) to address regional and local energy supply constraints, and to promote an efficient energy market.

Centurion Group acquires Tango Delta, expands breadth of services

Centurion Group, supply of critical rental, infrastructure and support services company, is pleased to announce that it has expanded its drilling, completions and production (DCP) segment with the acquisition of Tango Delta Rentals, Canadian communications and specialty equipment rentals business.

U.S. Chamber’s Global Energy Institute support's Trump's executive order on energy infrastructure

Christopher Guith, acting president of the U.S. Chamber’s Global Energy Institute, issued the following statement regarding President Trump’s Executive Orders on energy infrastructure signed today.

Donald Trump's executive action speeds critical energy infrastructure

Toby Mack, president and CEO of the Energy Equipment & Infrastructure Alliance (EEIA), has praised President Trump for signing executive orders to support development of critically-needed energy infrastructure.

Iraq’s burgeoning crude exports become factor in OPEC policies

Iraq has quietly emerged as the world’s fourth-biggest oil producer and wants a bigger say in OPEC and the global energy game.

New products and services

Michele Cowart, World Oil

CGG’s GeoSoftware, part of its Geoscience Division, has launched Jason 10.0, HampsonRussell 10.4 and PowerLog 10.0.

Brazil to pay Petrobras $9 billion in oil contract settlement

Petrobras will get $9.06 billion to settle a deepwater contract dispute with the government, ending years of negotiations and paving the way for the majors to access crude deposits in the area.

Exxon working with Israel to develop floating LNG export facility

Exxon Mobil is in discussions to build a platform that would expand the export reach of Israel’s biggest natural gas field.

What's new in production?

Don Francis, Contributing Editor

The beat goes on

Majors double down as takeaway crunch eases

Jim Redden, Contributing Editor

They may have arrived late to the shale soiree, but the super-majors have shown up with overflowing wallets, lofty production targets, and they’re setting the tone for the next wave of development in the transcendent Permian basin.