Chesapeake Says To Raise 2018 Output On Lower Spending, Shares Jump
Chesapeake says it expects oil rig flanges gulf coast production to keep rising this year, despite a 12% cut in spending.

Reuters



CGG, PCJ Announce Discovery of Live Oil Seeps in Jamaica
CGG GeoConsulting and the Petroleum Corporation of Jamaica announce the discovery of 2 independent live oil seeps from different parts of the island.



Oil, Gas Will Account for Over Half of World's Energy by 2040
Oil and gas will account for over half of the world's energy by 2040, according to BP plc's latest Energy Outlook.

Oil and gas will account for over half of the world’s energy by 2040, according to BP plc’s latest Energy Outlook.



Offshore Oil Recovery Beginning in World's Harshest Environments
The improved financial condition for explorers is now emboldening rig contractors to push for better pricing.

(Bloomberg) -- Explorers are once again testing the waters in their search for oil, according to Transocean Ltd.



Reuters

Feb 21 (Reuters) - Oil and gas producer EQT Corp said on Wednesday that it would separate its upstream and midstream businesses, finally giving in to months of investor pressure.



Reuters

MUMBAI, Feb 21 (Reuters) - India's Oil and Natural Gas Corp is set to hire international oil service giants for the first time to boost output from domestic oil fields in response to a government push to increase local supplies and cut expensive imports.



Tellurian Launches Open Season for Haynesville/Bossier Pipeline
The $1.4 billion project could begin service in mid-2023, says company.

Tellurian subsidiary Haynesville Global Access Pipeline LLC (HGAP) has kicked off a non-binding open season for a proposed 42-inch natural gas pipeline linking the Haynesville and Bossier shale oil rig flanges gulf coast production region to Southwest Louisiana, Tellurian reported Wednesday.



Reuters

RIO DE JANEIRO, Feb 21 (Reuters) - Brazilian oil regulator ANP said it approved Wednesday the participation of 14 companies in an oil round to be held on March 29.



OPEC, Russia Said to See Oil Glut Dissipating at a Faster Rate
The latest discussions between OPEC and its oil-producer allies concluded that the supply glut is dissipating at a faster pace than previously anticipated.



BHP Sees Faster Shale Sale in Race to Exit $10 Billion Unit
BHP Billiton Ltd. is accelerating plans to exit its $10 billion US shale unit.

(Bloomberg) -- BHP Billiton Ltd. is accelerating plans to exit its $10 billion U.S.

  1. Concho Resources Tops Profit Estimates | Gulf Coast Oil Rig Equipment & Repair
  2. Crude Rises to Two-Week High as World Tugs on US Oil Supplies | Gulf Coast Oil Rig Equipment & Repair
  3. Energen's Oil Production Forecast Misses Estimates Amid Proxy Fight | Gulf Coast Oil Rig Equipment & Repair
  4. Libya, Nigeria at 'High Risk' of Oil Sector Disruption | Gulf Coast Oil Rig Equipment & Repair
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