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In Houston, landmen say few bargains left in Permian

A few months ago, a small Fort Worth driller sold off tens of thousands of acres it had cobbled together in West Texas, earning a $2.8 billion fortune for drilling prolific wells during the worst oil bust in a generation.

North Sea

UK drilling picks up pace

At the time of writing there were two active E&A wells drilling. Both wells were spudded at the end of May, taking the total well spuds to date in 2017 to five, all of which are exploration.


Promoted: Taking the frustration out of launching your business in the US

Launching a business in the United States from another country can be exhilarating and challenging, and often, frustrating. That’s where the international professionals at PKF Texas can help. For more than 20 years, we’ve been serving the international entrepreneurs’ business advisory, tax, and accounting needs to help them focus on operating their businesses more profitably.


New OPEC leaders must re-learn fallacy of price stability

Venezuelan President Nicolas Maduro, along with Iran, has called for an OPEC summit early next year to "establish a new mechanism in setting oil prices.” He gave no clue what that mechanism might be, although he did observe that oil producers do all the work, while someone else sets the price and makes the profits.

Middle East

Iraqi leader predicts is collapse in Mosul

Iraqi prime minister Haider al-Abadi has said Islamic State fighters lack the courage to put up long-term resistance in Mosul as the fight for the country’s second-largest city looks set to extend well into 2017. “We have seen the whole organisation collapsing in terms of standing in the face of our own armed forces,” Mr al-Abadi said.