Industry News

  • Exploration
  • Lukoil plans Iraqi Block 10 seismic work
    Lukoil plans additional seismic surveys over Eridu oil field on Block 10 in Iraq and over southern and central parts of the block not yet surveyed. It signed contracts with state-owned Oil Exploration Co. to acquire 983 sq km of 3D data at Eridu fiel...
  • China to offer five Tarim basin blocks
    The Chinese government plans to offer five oil and gas exploration licenses in the Tarim basin to nonstate operators, according to China Daily. The offering will be the third in the Xinjiang Uygur autonomous region under a program opening exploration...
  • Energean adds five Israeli blocks near Karish, Tanin
    Energean Oil & Gas and its subsidiaries have increased to 13 the total number of licenses held in the East Mediterranean. The Israeli Petroleum Commissioner has awarded the operator Blocks 12, 21, 22, 23, and 31 offshore Israel, which were publis...
  • Drilling & Production
  • Baker Hughes: US rig count falls 1 unit to 930
    The US drilling rig count fell by 1 unit gain to 930 rigs working during the week ended Dec. 15, data from Baker Hughes indicate. This total is up 293 units from a year ago.  
  • WoodMac: Upstream companies shift to ‘thrive’ in 2018
    Oil and gas companies are set to enter 2018 in their best shape since oil prices collapsed. In its 2018 Upstream Outlook, global natural resources consultancy Wood Mackenzie believes many will now focus on demonstrating they can thrive in a low-price...
  • World Bank to stop upstream oil and gas financing after 2019
    The World Bank Group (WBG) reported it plans to stop financing upstream oil and gas projects in developing countries to help implement the 2016 Paris climate agreement’s goals. Exceptions will be considered where there is a clear energy access bene...
  • American Petroleum Institute
  • Energy Year in Review
    Despite occasional policy obstacles, the U.S. energy revolution continues to enhance America’s economic and national security and deliver major benefits to consumers, the environment and manufacturers. With commonsense, market-based, consu...
  • Energy is All Around the Holidays
    Everywhere you go, whatever you do, energy – anchored by abundant U.S. oil and natural gas – is making life warmer, easier, healthier and more enjoyable. Let’s mark the holidays with a look at just a few of the gifts we enjoy, from the energy t...
  • New U.S. Energy Course Starts Offshore
    We need to change our course on energy – in offshore policy and other areas – to benefit American consumers, U.S. businesses, our economy and the country’s energy security. Given the fact it takes years to realize the benefits of of...

Contact:
Lauren Yates

lyates@heycoenergy.com

703.593.3184