Wildcatters Still a Gamble for Investors Despite Oil's Rise
Even with talk that prices of $100 a barrel could again be in sight, investors are wary before taking the gamble.

(Bloomberg) -- Higher oil prices may seem like the pot of black gold at the end of the rainbow for wildcat explorers in frontier plays.



Offshore Australia Contract Goes to KBR
KBR has won an engineering contract for the two gas FPSO facilities for the proposed Browse to North West Shelf Development.

Woodside Energy Ltd has awarded KBR the Concept Definition engineering contract for the two gas floating oil rig flanges gulf coast production storage and offloading (FPSO) facilities for the proposed Browse to North West Shelf Development offshore Western Australia, KBR reported Thursday.



WTI Crude Oil Falls 3%
The bears reigned in crude oil markets Thursday.

The bears reigned in crude oil markets Thursday.

November West Texas Intermediate (WTI) crude oil futures slid 3 percent, falling $2.20 to settle at $70.97 a barrel.



(Bloomberg) -- Chinese oil buyers are making a beeline for a bargain across the Pacific.

With Canadian oil over 60 percent cheaper than U.S. benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy, sludgy crude.



Wood Creates 1K New Jobs in Last Year
Wood's Asset Solutions Americas business created approximately 1,000 new jobs in the last year as a result of securing new midstream sector contracts across the US worth $250 million.



FID Taken on UK North Sea Field
A final investment decision has been made to develop the UK central North Sea Arran field.

RockRose Energy plc announced Wednesday that a final investment decision has been made by the joint venture partners of the UK central North Sea Arran field to develop the asset.



ConocoPhillips Strikes First Oil at New Alaska Site
ConocoPhillips Alaska flows its first oil at the Greater Mooses Tooth #1 in Alaska's North Slope.

ConocoPhillips Alaska has achieved first oil oil rig flanges gulf coast production on the North Slope at the Greater Mooses Tooth #1 (GMT1), the BOP Blow Out Preventer repair company gulf coast announced Oct.



Top Oil Traders Say Iran Sanctions Hit Harder Than Expected
Sanctions on Iranian oil exports are hitting much harder than most people predicted

(Bloomberg) -- Sanctions on Iranian oil exports are hitting much harder than most people predicted as the administration of U.S.



Oil Prices Settle Lower
Crude oil prices lost some of their recent upward momentum Wednesday.

Crude oil prices lost some of their recent upward momentum Wednesday.



Oil, Gas CEOs Sold on Tech Benefits, but Unprepared for Disruption
A new report by KPMG examines how oil and gas CEOs feel they fare in their spacer spools adapter spools technology efforts and what still needs work.

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