The headlines continue to highlight positive developments by operators in the SCOOP/STACK plays in Oklahoma. But who is participating in the production streams BESIDES the operator? What non-operated interests or overriding royalty interests are […]
Turkey accused the United States of bullying its ally Saudi Arabia after OPEC+ producers announced major oil production cuts despite American objections. OPEC+ announced recently it would produce two million barrels of oil less a day […]
Dubai, 21 October (Argus) — The political stalemate that brought Iraq to the brink of civil war this year was broken earlier this month, paving the way for a new government to start investing the […]
The Bureau of Ocean Energy Management (BOEM) has announced the next steps for oil and gas leasing on the Outer Continental Shelf (OCS) to comply with provisions in the Inflation Reduction Act of 2022. These […]
Offshore drilling contractor Transocean has seen its total backlog reach $7.3 billion after adding approximately $1.6 billion of new fixtures to it. The company has issued an update in its Fleet Status Report, showing more […]
Crude oil prices continued their fall on Tuesday, with WTI now dipping to levels not seen since before the OPEC+ meeting. The November contract for WTI crude fell to $83.22 per barrel on Tuesday afternoon—sliding […]
Indian Oil Corporation and Bharat Petroleum Corporation Limited have suspended purchases of Russian crude oil. The two large refiners are awaiting more clarity on the EU sanctions regime. India, the world’s third-largest crude oil importer, […]
Portfolio investors continued heavy buying of crude oil futures and options for a second week after OPEC+ cut its production target more than expected. Hedge funds and other money managers purchased the equivalent of 47 […]
After remaining relatively flat in recent weeks, the US rig count took a sharp jump in mid-October, posting its fourth gain in the last five weeks. In the weekly rig count it has released since […]
United States President Joe Biden has “no plans” to meet with Saudi Crown Prince Mohammed bin Salman at next month’s G20 summit in Indonesia, a senior US official says, as tensions over the OPEC+ decision […]
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