Offshore Rig Sector Faces Long And Winding Road To Recovery

The near-term offshore drilling market is one of the most challenged upstream sectors, with its long-term recovery—while undoubted—to lag behind any broader upturn.

Gulf of Mexico, Pemex, bid, round, deepwater, CNH

Mexico’s Deepwater Round Exceeds Expectations

Eight of 10 blocks were awarded during Mexico’s first deepwater round. Mexico expects to hold three more oil and gas auctions before the end of 2018.

Hope On The Horizon?

Despite a challenging environment, the oil and gas industry still has a few tricks up its sleeve.

Baker Hughes, frack fleet, fracking, hydraulic fracturing, pressure pumping, shale, North America, acquisition, divestiture, private equity, CSL Capital Management, Goldman Sachs, West Street Energy Partners, BJ Services, Allied Energy Services, GE Oil Ga

Baker Hughes’ Frack Fleet Deal Pays Pennies On The Dollar

Baker Hughes retains a minority stake in the new company, but analysts are skeptical the transaction was a fair bargain.

BP Ponies Up $9 Billion To Unleash Mad Dog Phase 2

Plans include a new floating production platform that will be moored about six miles southwest of the existing Mad Dog Platform.

The Need For Transformation

Saudi Aramco’s president and CEO outlines his four-point framework for success.

OPEC Just Made A Deal: Now What?

The OPEC deal could change the landscape of the oil market for the foreseeable future, but the specifics have yet to be determined.