Tag Archives: Oil and Gas

Oil Price Commentary: A Positive Week Ahead for Oil Price

Last Week Oil Market Data: Crude Oil Price Movement: Oil prices moved higher last week on support from OPEC production cut extension, decline in U.S. crude oil production and draw-down in U.S. crude oil and gasoline stockpiles. Brent crude and WTI closed the week up by more than 5 percent to around $53.80/bbl and $50.85/bbl […]

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Anadarko Announces Leadership Changes

                                                                  Anadarko Announces Leadership Changes Daniel E. Brown Named EVP, International and Deepwater Operations Bradley J. Holly Named EVP, U.S. Onshore Exploration and […]

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Statoil Awards Transocean Two Rig Contracts

Statoil and license partners have decided to use the semisubmersible rig Transocean Spitsbergen on three exploration wells in the UK, and then on a six-well production drilling campaign on the Aasta Hansteen licence in Norway. The exploration drilling campaign in the UK will be conducted for the Mariner, Jock Scott and Verbier licenses, and is […]

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Norway Buries Oil-tax Incentive as Crude Crisis Seen Moving On

Norway’s government won’t propose any tax incentives for oil companies to boost recovery at aging fields and marginal offshore discoveries before parliamentary elections later this year. “There are no planned initiatives related to this,” Petroleum and Energy Minister Terje Soviknes said in an interview in Trondheim on Tuesday. “My experience is that the market for […]

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Rig Count Hops Up 12; Permian Basin Again Drives Rise

The number of oil and gas rigs in U.S. fields rose again this week, up 12 or about 170 over the past three months. This week’s count marks the fourth increase in a row, and a boom of more than 335 rigs since the count fell to its recent low, last spring. U.S. oil drillers […]

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PESA News – PESA Forms Mexico Task Force

PESA Forms Mexico Task Force PESA’s International Outposts Subcommittee has identified Mexico as a target test location for expanding our reach, providing unique opportunities beyond networking to serve the service/supply sector and promote the PESA brand internationally.  Specifically, a Mexico Task Force will deliver value to PESA members by providing connections with both US/MX stakeholders […]

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Cartagena to play host to Colombia’s oil & gas decision makers

CWC Group’s Colombia Oil & Gas Summit in Cartagena, 2-4 April 2014 (officially endorsed by the Colombian Ministry of Mines & Energy, ANH (Agencia Nacional de Hidrocarburos) and DIMAR (Dirección General Marítima)) will host Colombia’s oil and gas decision makers to discuss the country’s developing hydrocarbon sector, investment opportunities for international investors and upcoming projects. […]

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