Wednesday, February 5, 2025

Anadarko drops offshore oil prospect

From Otago Daily Times: Texas-based oil and gas explorer and producer Anadarko has joined a string of other oil majors in dropping an exploration licence in lightly explored offshore areas of New Zealand, although continues to hold interests in two other areas. Anadarko has dropped its prospecting licence in the Pegasus Basin, offshore east coast of the lower North Island,

If OPEC Actually Cuts, Could Oil See $67?

OPEC deal reality: a whole lot of ifs… In a webcast that Drilling Info hosted this week the group looked at the possible outcomes of oil supply, demand and pricing in the foreseeable future. Drilling Info analysts concluded that if OPEC cuts successfully, prices can go as high as $67 per barrel in 2017, which would grow production in the U.S.