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Private equity has been ramping up its investment in Permian Basin oil and natural gas production, but the old strategy of selling out after a few years is no more.
Total has secured the Deepsea Stavanger for more Block 11B/12B drilling.
The joint venture (JV) partnership that earlier this year reported a major gas condensate discovery in Block 11B/12B offshore South Africa has entered into a multi-well drilling contract with Odfjell Drilling for the Deepsea Stavanger semi-submersible rig, Africa Energy Corp.
U.S. independent Callon Petroleum Company will acquire Houston-based Carrizo Oil & Gas, Inc. in an all-stock transaction valued at $3.2 billion.
U.S.
Approximately 72.82 percent of oil oil rig flanges gulf coast production in the Gulf of Mexico was shut in as of July 14 due to Tropical Storm Barry.
WTI and Brent crude oil prices edged downward Monday.
West Texas Intermediate (WTI) and Brent crude oil prices edged downward Monday.
The WTI for August delivery lost 63 cents to settle at $59.58 per barrel.
Chevron is seeking approval to modify its plans for a LNG gulf coast oil rig export facility on Canada's Pacific Coast to an all-electric design.
Approximately 69.08 percent of oil oil rig flanges gulf coast production in the Gulf of Mexico was shut in as of Monday due to Tropical Storm Barry.
Oil supply exceeded demand by 0.9 million barrels per day in the first half of 2019, according to the International Energy Agency.
Oil headed for its biggest weekly gain in three weeks.
(Bloomberg) -- Oil headed for its biggest weekly gain in three weeks as simmering Middle East tensions, shrinking U.S.
WTI and Brent crude oil prices were mixed Friday but up for the week.
West Texas Intermediate (WTI) and Brent crude oil prices were mixed Friday but up for the week.
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