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Pacific National Capital 's Daily Oil & Gas News

Does Private Equity Have a Future in Deepwater Gulf of Mexico?
New analysis by Wood Mackenzie takes a look at private equity in the US Gulf of Mexico, exploring operational strategies and potential risks.

New US LNG Projects May Feel Pinch from Latest Salvos in US-China Trade War
What could the most recent chapter in the ongoing US-China trade dispute mean for the growing US LNG export market?

Battered Oil-Sands Servicers Pin Hopes on Shell's LNG Project
After years of suffering through plunging prices and declining spending by oil-sands behemoths, Canada is finally seeing a light on the horizon.

The $13 Billion Offshore Jobs Engine
There's plenty of work available sunsetting offshore platforms.

Oil Near Week's High as Supply Data Tempers Saudi View on Prices
Brent oil held near the highest level in a week as investors weighed a potential gain in US crude stockpiles against Saudi Arabia's comfort with prices rising above $80 a barrel.

First Oil Production Begins at Tortue Field
Panoro Energy announces that first oil production has started from the Tortue field, which is located within the Dussafu PSC offshore Gabon.

Cuadrilla Granted Fracking Consent for Second Horizontal Shale Gas Well
Cuadrilla receives hydraulic fracturing consent for its second horizontal shale exploration well at its Preston New Road site in Lancashire, UK.

Faroe Set to Ramp Up Exploration and Appraisal Activity
Norway and UK focused Faroe is set to 'ramp up' its exploration and appraisal activity in 2018 and 2019, according to a joint statement by the company's chairman and chief executive.

Riverstone is Planning $900MM Sale of Abaco Energy
Riverstone Holdings is preparing to sell oilfield services equipment company Abaco Energy Technologies, which could fetch about $900 million, according to people with knowledge of the matter.

WTI Up 1.4 Percent But Stays Sideways
West Texas Intermediate benchmark continues trend.





















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