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Drillers added six oil rigs in the week to Feb. 17, bringing the total count up to 597, the most rigs since October 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said Feb. 17. During the same week a year ago, there were 413 active oil rigs.
Senators voted 52-46 to approve Oklahoma Attorney General Scott Pruitt, who is expected to reform and modernize the EPA.
The partners, led by ConocoPhillips (NYSE: COP), plan to start initial engineering and design work in late 2017 and to reach a final investment decision in late 2018 or early 2019, Santos Managing Director Kevin Gallagher told analysts at a results briefing.
Brent Eshleman has more than 30 years’ experience in the oil and gas industry and is an engineer.
A second consecutive massive build in U.S. crude stockpiles on Feb. 15 left the market relatively unimpressed, as the market awaited further evidence that OPEC cuts were in effect.
PGS posted a fourth-quarter loss before interest and taxes and excluding one-offs of $65 million, deeper than the expected loss of $38 million expected in a Reuters poll.
The two projects, Foster Creek phase H and Narrows Lake phase A, would add up to 75,000 barrels per day of production.
Germany’s Wintershall and its partners in production license 418 (PL 418) offshore Norway have opted to move ahead with a subsea development for the Skarfjell Field in the North Sea.
The Houston-based company commented that Bird's departure was not related to any disagreement with Frank's or any matters relating to its operations, policies or practices.
Encana has also narrowed operations to focus on four core North American plays: the Montney and Duvernay in Western Canada, and the Eagle Ford Shale and Permian in the U.S.
Development Briefs For Feb 16
The supply pact could be extended by May if all major producers showed "effective cooperation," Reuters on Feb. 16 quoted an OPEC source as saying.