Tag Archives: oil

Big Oil Back on the Acquisition Trail as Outlook Brightens

The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices. Since late November, major oil companies have announced 11 deals worth more than $500 million each with a combined value of $31 […]

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Oil trader who predicted slump sees bull run starting

LONDON (Bloomberg) — Pierre Andurand, a hedge fund manager who predicted the oil collapse, said crude is starting a “multi-year bull run” because low prices have curbed supply. Crude futures, currently trading near $40/bbl, will rebound to $60 to $70 this year and $80 in 2017, the chief investment officer of London-based hedge fund Andurand […]

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Industry Leaders to meet in Argentina for Senior-Level Shale Summit

The second annual Argentina Shale Gas & Oil Summit (A-SGOS) will be held in Buenos Aires on May 9th & 10th 2016. The summit will provide a two-day conference, exhibition and networking event to address the current challenges and future possibilities for the shale industry in Argentina. The summit will bring together the unconventional resource […]

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Conoco Phillips ships first LNG from Australian mega project

HOUSTON January 11, 2016 — The first cargo of liquefied natural gas has sailed from the mammoth Australia Pacific LNG facility in Queensland,  ConocoPhillips and its partners in the project announced early Monday. The shipment, carried on the 935-foot meter tanker Methane Spirit and bound for customer in Asia, is among the first in a wave of […]

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U.S. rig count rises by 10, international count down 28

HOUSTON — The U.S. oil rig count increased by six this week, with more rigs added in the Permian basin, according to Baker Hughes. The count had declined for 29 weeks until July 2, when oil companies began sending rigs back to oil fields in Texas and elsewhere. After U.S. oil prices settled near $60 a barrel for an […]

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Oil Rises Most in a Week as U.S. Crude Surplus Seen Easing

(Bloomberg) — Oil advanced the most in a week as a drop in U.S. crude stockpiles bolstered speculation that the country’s surplus is easing. Futures climbed as much as 2.4 percent in New York to the highest in four days. Crude inventories shrank by 2.9 million barrels in the week ended June 12, the industry-funded […]

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Texas oil output hits highest level in two decades

Texas oil production rose by almost 100 million barrels in 2012 over the previous year, to the highest level in two decades. It was the fifth consecutive year with an increase. Despite a drop in oil prices last spring, economist Karr Ingham predicts production will rise again in 2013. Ingham offered a look at the […]

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71 percent of voters favor more oil and natural gas development

August 15, 2012 Seventy-one percent of American voters favor increased access to U.S. oil and natural gas resources, 90 percent believe more oil and natural gas development could lead to more U.S. jobs, and 87 percent believe it could lower energy costs for consumers, according to a new poll released today. “Strong majorities of voters […]

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Statoil Prepares for Complete Shutdown of Norwegian Shelf

Norway’s Statoil is preparing to shut down production on the Norwegian Continental Shelf (NCS) following a notice of lockout from the Norwegian Oil Industry Association (OLF), the company said Thursday in a statement. A lockout means a complete shutdown of Norwegian oil and gas production, highly possible government intervention and an end to the strike, […]

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Sightseeing – Stavanger’s Top 5

With Offshore Northern Seas 2012 just a few months away and many Oil and Gas Industry Professionals from around the globe planning to attend, we thought you may be interested in the Top 5 sights to see during your stay in Stavanger.   Stavanger`s destination company, Region Stavanger, gives you their top 5 list. Preikestolen […]

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