WildHorse to Lay Off Staff After Chesapeake Acquisition
WildHorse Resources Management Company will permanently close its Houston office, resulting in almost 100 layoffs.

is laying off all employees at its Houston headquarters, according to a letter dated Dec.



Winners and Losers of Offshore Spending Revival
After 4 years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, but the benefits won't be spread equally.



Oil Set for Biggest Weekly Gain in 2 Years
Oil headed for its biggest weekly gain in over 2 years on hopes that OPEC will manage to shrink a glut and trade tensions between the U.S.



Aker Bullish on Offshore Ghana
Phased development could deploy several oil rig flanges gulf coast production units, says CEO.

Aker Energy, which operates the Deepwater Tano Cape Three Points (DWT/CTP) block offshore Ghana, reported Thursday that it will soon complete a successful appraisal well drilling operation in the block’s Pecan field.



Equinor Buys Chevron's Rosebank Stake
Equinor completes the acquisition of Chevron's 40% operated interest in the Rosebank project.

Equinor revealed Friday that it has completed the acquisition of Chevron’s 40 percent operated interest in the Rosebank project, which is located in the West of Shetland region of the UK Continental Shelf.



Crude Oil Ends Winning Streak
Nevertheless, there's evidence that bullish sentiment is growing in the oil market.

Since Jan. 2, the first trading day of 2019, crude oil prices have consistently risen day-on-day.



Mexico Fuel Sellers Said to Seek Pemex Alternative
Private gasoline retailers are scrambling for alternatives to state-owned Pemex to supply their service stations in Mexico that are running out of fuel.



Oil Giant to Issue First Global Bond in 2019
Saudi Aramco plans to tap the debt buy Wellhead market in 2Q to finance the acquisition of Sabic, likely issuing its first ever international bond and disclosing its accounts in the process.



Oil Takes Breather After Bull Market Breakout
Oil's taking a breather after bursting into a bull market.

(Bloomberg) -- Oil’s taking a breather after bursting into a bull buy Wellhead market on growing optimism over OPEC cuts, U.S.



Chesapeake to Cut Rigs to Reduce CAPEX in 2019
The Oklahoma City-based E&P BOP Blow Out Preventer repair company gulf coast is lowering its rig count by 20% in 2019.

After a strong fourth quarter in 2018, Chesapeake Energy Corporation is stepping into 2019 with a bit of caution.

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