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Upstream oil and gas reports
Are North Sea cost reductions here to stay?
The oil price drop in 2014 was a major reality check for the North Sea. But by some measures at least, the industry has reacted remarkably well. Co...
Cenovus sells Suffield and Alderson assets to International Petroleum Corporation for US$415 million
On 25 September 2017, Cenovus announced the sale of its Suffield and Alderson assets to International Petroleum Corp. (IPC) for cash proceeds of Cd...
US Upstream week in brief: 29 June 2016
Brexit shocks the system. Court overturns first-ever federal hydraulic fracturing regulations one year after their release. Abrupt refinery sale of...
Congo Lower Congo exploration basin
Congo's share of the Lower Congo Basin captures the northern end of the key play fairways that have yielded over 24 billion boe further south in An...
Baytex Energy and Raging River to merge in Cdn$1.9 billion stock deal
Baytex aims to join the 100,000 barrel per day club by merging with Raging River. On 18 June, the Canadian-based companies announced an all stock d...
In time for a new OPEC deal: How did Russia cut 300,000 b/d?
Following the agreement with OPEC in November 2016, Russia had cut 300,000 b/d of oil production. For long, scepticism prevailed over Russia’s prom...
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