News

  • String Of Downgrades Creates Buying Opportunity For Oil Stocks
    Analysts from New York-based investment bank Seaport Global Securities LLC, Barclays Plc., Morgan Stanley, Macquarie Capital Ltd. and Capital One Securities have recently downgraded a slew of big oil companies, explorers, oilfield service providers and other E&P companies. The downgrades come as the sentiment in the oil sector turns bearish, ... read more
    Source: OilPrice.comPublished on 2017-06-27
  • Baghdad Threatens Legal Action Against KRG Over Authorized Exports
    Two weeks after a 700,000-barrel tanker named Neverland reportedly began its journey towards the U.S. East Coast, Baghdad declared its readiness to challenge the legal validity of Kurdish oil exports in American courts, according to a new report by S&P Global Platts. The ministry will challenge the legality of any ... read more
    Source: OilPrice.comPublished on 2017-06-27
  • Oil Rebounds Despite Sour Sentiment
    Markets remain on edge despite a recent upturn in oil prices. The risk that oil may fall into the mid-$30s is looming and could spell disaster for investors. (Click to enlarge) (Click to enlarge) (Click to enlarge)• Oklahoma has seen a surge of seismic activity over the past several years, ... read more
    Source: OilPrice.comPublished on 2017-06-27
  • Oil Sands Exodus Pushes Canada’s M&A Deals To Highest Since 2007
    International oil majors have sold a number of oil sands assets in Canada in recent months, with energy deals dominating the total mergers and acquisitions (M&A) activity so far this year, setting the transactions market on course for the best start to the year since 2007. According to data compiled ... read more
    Source: OilPrice.comPublished on 2017-06-27
  • Three-Fourths Of All US Energy Firms Were Hacked In 2016
    Hackers have targeted Russian oil giant Rosneft, the company said on Tuesday, just as Deloitte released a report on cyber-attacks targeting U.S. oil companies. A “powerful hacker” attacked the company’s server in an assault that, according to TASS news agency, could be related to ongoing legal proceedings. A Russian court recently ... read more
    Source: OilPrice.comPublished on 2017-06-27
  • This Oil Giant Just Landed India’s Largest Foreign Investment Deal Ever
    I wrote late last year about an unusual trend emerging in oil and gas M&A. Namely, a wave of outgoing global investment from E&P firms in Russia. And news this week confirmed that Russia is on the rise when it comes to global petroleum deals. Russian petro-major Rosneft announced that ... read more
    Source: OilPrice.comPublished on 2017-06-27
  • Deloitte: Oil Firms Face Increasingly Sophisticated Cyber Attacks
    Contrary to popular belief that the oil and gas industry is not among the top targets of hackers, energy was the second-most prone industry to cyber-attacks last year, with almost three-quarters of U.S. oil and gas companies going though at least one cyber incident, consultancy Deloitte said in a report released ... read more
    Source: OilPrice.comPublished on 2017-06-27
  • OPEC Not In A Hurry To Cut Deeper
    OPEC may be mulling over deeper oil production cuts, but they won’t be rushing to make that decision, even though a panel monitoring the cuts will be meeting next month, Reuters reported on Tuesday, citing OPEC delegates and sources familiar with the cartel’s thinking. Russia is hosting a meeting of ... read more
    Source: OilPrice.comPublished on 2017-06-27
  • Trump’s ‘Energy Week’ To Push U.S. Global Energy Leadership Agenda
    This week is the Trump Administration’s ‘energy week’ in which the President and energy agencies and officials will be presenting plans how to create more energy jobs at home and boost the U.S. influence on the global energy markets. “President Trump is committed to utilizing our abundant domestic energy resources ... read more
    Source: OilPrice.comPublished on 2017-06-27
  • China To Invest $7B In Floating LNG Offshore Africa
    In a strategic push to become the world’s lowest-cost seller of floating LNG plants, China is planning on a US$7 billion investment spree in this type of projects offshore Africa, Reuters reported on Monday, citing bankers, industry sources, and energy consultants. Despite the fact that spot LNG prices have dropped ... read more
    Source: OilPrice.comPublished on 2017-06-27
  • Canada M&A Hits Decade-High as Foreign Owners Flee Oil Sands
    Mergers and acquisitions in Canada are set for the strongest start in a decade as foreigners sell their oil sands investments. ... read more
    Source: Rigzone.comPublished on 2017-06-27
  • OpEd: OPEC Production Cuts Fail, Markets Pay for Underestimating US Shale
    The next round of cuts to the oil and gas industry may slash the North American rig count. ... read more
    Source: Rigzone.comPublished on 2017-06-27
  • Maersk Says Global IT Breakdown Caused By Cyber Attack
    AP Moller-Maersk, which handles one out of seven containers shipped globally, said a cyber attack had caused outages at its computer systems across the world. ... read more
    Source: Rigzone.comPublished on 2017-06-27
  • Workers Sense Skills Shortage in Industry
    Oil and gas workers believe there is a skills shortage in the industry, according to a new report from Petroplan released Tuesday. ... read more
    Source: Rigzone.comPublished on 2017-06-27
  • Most Oil Companies Falling Behind in Cyber-Attack Preparedness
    Most oil and gas companies are falling behind when it comes to cyber-attack preparedness, according to a report from Deloitte. ... read more
    Source: Rigzone.comPublished on 2017-06-27
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