NEWS



Industry Highlights
May 23, 2019
Guyana's anti-corruption agency is investigating how some exploration rights were awarded in the world's biggest new deepwater oil region.
May 23, 2019
The WTI and Brent contract prices settled below $60 and $70, respectively.
May 23, 2019
From 2017 to 2018, the number of acres sold non-competitively more than doubled, from roughly 141,000 to nearly 379,000.
May 23, 2019
A little-known investor group is planning a major shakeup of the Eastern Mediterranean natural gas industry.
May 23, 2019
Wood Mackenzie outlines the next most likely takeover targets in the Permian right now.
Oil and Natural Gas News
May 23, 2019
The American Petroleum Institute and London-based International Association of Oil & Gas Producers (IOGP) jointly released a position paper outlining ways to increase US LNG exports to countries in the European Union.
May 20, 2019
Real normalcy will come long after mid-May “normalization” promised for Russia’s Druzhba oil pipeline system and the refineries it supplies.
May 20, 2019
One week after it finalized revised offshore well control and blowout preventer regulations, the US Bureau of Safety and Environmental Enforcement issued a report on May 9 highlighting first-year results of its Risk-Based Inspection (RBI) Program.
May 20, 2019
Wood Mackenzie said its 11th annual exploration survey shows the oil and gas industry foresees a return to profits enabling exploration of promising prospects. WoodMac surveyed 258 senior energy leaders and exploration professionals worldwide.
May 20, 2019
In its latest monthly Short-Term Energy Outlook, the US Energy Information Administration forecasts Brent spot prices will average $70/bbl in 2019 and $67/bbl in 2020, both about $5/bbl higher than in last month’s STEO.

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