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HomeExploration and Production

Exploration and Production

Oil Prices
Crude Oil News

Oil Prices Tumble as Demand Concerns Take Center Stage

October 15, 2024 Mariel Alumit

Oil prices fell early on Tuesday morning as fears faded of Israel striking Iranian oil facilities and traders refocused on growing demand concerns. – The September monthly average refining margin fell to its lowest for the month since […]

deepwater gas field
Crude Oil News

China-developed deepwater gas field sees record high oil, gas output

October 14, 2024 Mariel Alumit

BEIJING — China’s first independently developed and independently built ultra-deepwater gas field, Shenhai Yihao, also known as Deep Sea No 1, has recorded an accumulated natural gas output of over 9 billion cubic meters to […]

Crude Oil News

Israel-Iran: A strike on oil assets could revive inflation

October 12, 2024 Stu Turley

When Iran launched a barrage of some 180 ballistic missiles at Israel a week ago — causing little damage or casualties — Israeli Prime Minister Benjamin Netanyahu warned that Tehran had made a “big mistake” and would “pay for it.” Iran’s first large strike on Israel […]

Climate Crisis

Week Recap: Geopolitical Tensions and BP’s Big Shift

October 12, 2024 Andy Del Prado

Weekly Daily Standup Top Stories What will happen to oil prices if Israel attacks Iran oil installations? October 6, 2024 Stu Turley If Israel were to attack Iran’s oil installations, the immediate impact on oil prices […]

Oil Drilling
Crude Oil News

U.S. Oil Drilling Activity Inches Up

October 11, 2024 Mariel Alumit

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count rose by 1 […]

Shelf Drilling
Crude Oil News

Shelf Drilling scores jackup double in Nigeria

October 11, 2024 Mariel Alumit

Dubai-based Shelf Drilling has landed new contracts for two jackup rigs in Nigeria. The Oslo-listed jackup rig pure-play has firmed up the letter of award from September into a three-year contract for the Shelf Drilling […]

Big Oil Companies

BP Drops 2030 Oil Target

October 10, 2024 Andy Del Prado

Daily Standup Top Stories Why BP’s Elimination Of 2030 Oil Reduction Target Is No Real Surprise October 9, 2024 Stu Turley British oil giant BP continued efforts to adjust its business plans to make itself more […]

Chevron
Big Oil Companies

Chevron Sends Letter to CA Legislature Lambasting Newsom’s Oil/Gas Proposal

October 9, 2024 Mariel Alumit

Chevron President Andy Walz sent a letter Tuesday condemning Gov. Gavin Newsom’s proposal to decrease the state’s gas supply, which will clearly result in even higher gas prices at the pump, saying he seeks to […]

Big Oil Companies

Why BP’s Elimination Of 2030 Oil Reduction Target Is No Real Surprise

October 9, 2024 Stu Turley

British oil giant BP continued efforts to adjust its business plans to make itself more competitive with peer companies Monday, announcing it will abandon a goal of reducing its equity oil production by 2030. Originally […]

Climate Crisis

Oil Prices Skyrocket Overnight

October 7, 2024 Andy Del Prado

Daily Standup Top Stories What will happen to oil prices if Israel attacks Iran oil installations? October 6, 2024 Stu Turley If Israel were to attack Iran’s oil installations, the immediate impact on oil prices would […]

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