Texas processes drilling permits at a record pace; Encana formalizes its plan to leave Canada; Norway's finance minister says the oil era isn't over; Total hires Maersk Drilling for a record-setting well offshore West Africa
We look at the influence gasoline prices can have on U.S. elections, a hedge fund that won big shorting shale is bullish on Canada, and the EU makes a trillion-euro climate commitment.
Oxy conducts sweeping layoffs; no matter what Trump says, the U.S. needs Middle East oil; China offers access to foreign companies to its oil and gas fields, and more
Today's topics include:- The recent oil rally is cooling, after Iran's foreign minister said they are not seeking an escalation or war following last night's strikes on U.S. bases in Iraq;- OPEC seeks to reassure the oil markets amid spiking Mideast tensions;- With Vladimir Putin standing at his side, Turkish president Recep Tayyip Erdogan offers to diffuse the U.S.-Iran standoff
Today's topics include:- Apache and Total make a significant discovery offshore Suriname;- BP is reshaping its UK North Sea portfolio with a 626 million dollar asset sale;- Oil producers are locking in price gains in the wake of Middle East tensions;- The American Petroleum Institute is taking on Democrats’ climate plans in a new TV ad campaign. As mentioned on today's show, below is a link to check out the first TV spot in API's new PR campaign:https://youtu.be/87ObTFn68ic
Today's topics include:- Oxy seeks to spin off its Western Midstream Partners unit to reduce balance sheet debt;- Equinor makes significant emissions-reductions pledges for its Norwegian operations;- Brent crude briefly touches $70 as fears of an oil supply disruption grow.David Russell, VP of Content Strategy at TradeStation in Chicago joins the show today as well, to talk about how markets are reacting to recent actions in the Middle East, and observes which trends are having the most impact o...
Oil soars to near $70/bbl on escalating Iran tensions; Hess bucks the market with its Guyana project; Pemex goes back to the drawing board on priority drilling projects, and more
Today's topics include: According to the Federal Reserve Bank of Dallas, the Texas oil sector continues contracting amid ‘challenging’ conditions; Trump’s sanctions have led Allseas to halt its work on Putin’s Nord Stream 2 gas pipeline; ExxonMobil and its partners have made another major oil discovery in the Stabroek block offshore Guyana; Apache and Total have formed a joint venture to explore offshore Suriname; Analysts see few surprises in 2020 as OPEC+ cuts trim the global oil surplus....
Topics on today's show include: Shale pioneer Harold Hamm has invited Senator Elizabeth Warren to tour shale sites in her home state of Oklahoma; Schlumberger has committed to meeting the U.N. Paris Agreement’s emission-reduction targets; Norway’s financial regulator says ‘green’ investing has a dark side; And finally today, the U.S. Department of Energy has won the dubious distinction of coining the worst phrase of 2019. Also for the last two weeks of December, we'll do a weekly recap episode o...
Topics covered on today's show include: An Israeli court halted Noble’s Leviathan gas project over environmental concerns; Canadian crude-by-rail shipments are ready to surge, and spurring new export investment; Alaska’s governor says that an oil tax hike might imperil an industry renaissance in the state; Chinese traders offering LNG on the cheap hints at a severe supply glut; BP is following Total in a quest to improve recyclability of petroleum-based products. To read more on today's topics, ...
There's a lot happening in the shale space today: Permian basin industry groups are challenging perceptions on methane emissions; The new U.S. Secretary of Energy says the slowdown in the Permian is only temporary; WaterBridge has raised $345 million to expand its Permian operations; Devon Energy agrees to sell its Barnett shale assets for $770 million; China is breaking global records for oil imports, and the numbers are still growing. To learn more about these topics and other news of the day,...
Today's headlines on the Daily Brief include: Weatherford emerges from Chapter 11 bankruptcy and appoints a new board of directors; Accelerating Permian base decline demands more drilling to maintain current output; Canada’s energy industry is beginning to shine, just as U.S. shale loses its luster; Exxon and Chevron have both been targeted by a climate-activist investor group Visit worldoil.com/news for more information on today's topics....
Today's show is an interview with Eric Waeckerlin, an attorney with environmental and energy law firm Holland and Hart, talking about what's next for the energy industry, and its detractors, following ExxonMobil's legal win against the state of New York. We discuss the goals of lawsuits such as these, what energy companies are doing to defend themselves from inevitable litigation, and how the industry at large can improve its net-zero-emission outcomes by working to own the narrative in the publ...
Topics from today's show include: Chevron has greenlit its Anchor 20,000 psi deepwater project in the Gulf of Mexico; Total is beginning FEED studies on its own 20ksi discovery on North Platte in the Gulf of Mexico; SBM Offshore has signed a 22-year FPSO contract with Petrobras; Harold Hamm has stepped aside from the CEO role at Continental Resources. Also, following is a link to the World Oil magazine article, " Qualification of a 20,000-psi BOP: A collaborative approach ", as discussed on toda...
Today's headlines on the Daily Brief include: Chevron is taking an $11 billion writedown amid weak gas prices; Springfield E&P makes a significant oil discovery offshore Ghana; Maersk chooses partners for its Seapulse exploration drilling program; Aker Solutions wins a FEED study for the BP Cypre project in Trinidad. In the second half of today’s show, we’ll hear from Dr.Marco Pasquali, who is the director of a joint research initiative of Rice University and Shell called the Carbon Hub. Dr....
Today's headlines on the Daily Brief include: Proposed U.S. sanctions on Russia’s Nord Stream 2 gas pipeline will target subsea construction vessel operators; Exxon has prevailed over New York in its climate change lawsuit; A giant oil find in Mexico won’t be a miracle cure for an ailing Pemex; Saudi Arabia isn’t counting on an oil price rise in its 2020 budget. Today we’ll also have a quick chat with Ben Schuler, CEO of Infinitum Electric, who has just closed a funding round with Chevron Techno...
Today's headlines on the Daily Brief include: There’s been a shakeup in the top ranks of Tullow Oil following continued poor results in Africa; Rosneft is elbowing PDVSA aside on Venezuelan service contracts; Canada’s Canacol Energy has won three new gas exploration blocks in Colombia; Developing nations are demanding payouts for climate change at a UN conference; Could Bitcoin be part of the solution to end gas flaring?...
In today's episode, OPEC nears a deal to further increase production cuts, Fugro completes a milestone project offshore Brunei, Turkey causes a stir by flaunting maritime boundaries in the eastern Mediterranean, and Houston's economy begins to show shadows of the 1980s as shale drilling slumps.
OPEC+ opened its autumn meeting in Vienna today, so the show will take a look at how Saudi Arabia's plans to cut production are impacting oil prices, and what kinds of conditions for other members those cuts include. We'll also look at how China is impacting global LNG prices, Johan Sverdrup's rapid impact on Norwegian crude production, and legal actions against Shell for a nearly 50-year-old oil spill.
In today's show, we look at Chesapeake's new debt deals, rallying oil prices, decommissioning in the North Sea, and Repsol's recent carbon reduction pledge as climate change goals increasingly look to be out of reach.
In this episode, we discuss Canada's oil sand operators' plans for next year, OPEC clamping down on production quotas, UK action on carbon capture and storage, Saudi Aramco's plan to be the the industry's leading low-carbon producer, and more.
In the first episode of the World Oil Daily Brief, we take a look at U.S. crude export performance, what OPEC thinks about the shale revolution, and carbon sequestration development offshore Norway.
Coming soon! Your daily recap of the day's Oil and Gas news, trends and technologies. Delivered just in time for your commute home.
