FEATURED STORY
Ask the Careers Editor: A Wrap-Up

Industry Headlines

Rise in Texas Earthquakes Near Oilfields Prompts New Monitoring
Monday, October 23, 2017 Texas now has a new way for the public to track in real time how many earthquakes are rattling the Lone Star State.

Ask the Careers Editor: A Wrap-Up
Monday, October 23, 2017 For months Rigzone has been receiving your career questions. We noticed some common themes and decided to address them at once.

Halliburton Posts International Revenue Growth, Unlike Schlumberger
Monday, October 23, 2017 Worldwide revenues rose for Halliburton in the third quarter, contrasting with larger rival Schlumberger.

Oil Patch Gets Frugal as Investors Urge Profits Over Boom
Monday, October 23, 2017 US shale drillers are tapping on the brakes in the wake of a growing investor revolt that's held down company values.

Kemp: Oil Prices Creep Upward As Traders Test Higher Range
Monday, October 23, 2017 Hedge fund managers continue to hold large bullish positions in crude and fuels.

Oil Steady, Supported By Iraq Disruptions And Drop In US Rigs
Monday, October 23, 2017 Oil prices were little changed as supply disruptions in Iraq dented exports by OPEC's second-largest producer and US drilling rates showed a slowdown.

Baker Hughes: US Oil Drillers Cut Rigs For A Third Week In A Row
Friday, October 20, 2017 The US oil rig count fell for a third week in a row, extending a two-month drilling decline.

Oil Barge Explosion Off Texas Kills One, Fire Now Out
Friday, October 20, 2017 At least one person was killed and another was missing on Friday after an oil barge being pulled by a tug boat caught fire and exploded.

How to Prepare for an Interview as a Drilling Consultant
Friday, October 20, 2017 From technical questions to soft skills, Rigzone shares tips on what drilling consultant job candidates can expect during their interview.

Top Oilfield Services Firms Signal Fourth-Quarter Uncertainty
Friday, October 20, 2017 The world's top two oilfield service firms warned of a slowdown in North America and a challenging year ahead.


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Exploration

Energean: Montenegro In 'Sweet Spot' Of Untapped Adriatic O&G Potential
Thursday, October 19, 2017 Two blocks offshore Montenegro awarded to Greece's Energean Oil & Gas are estimated to have 1.8 trillion cubic feet of recoverable natural gas reserves, Energean says.

African Petroleum Seeks Arbitration Over Gambia Oil Dispute
Wednesday, October 18, 2017 African Petroleum Corp has begun arbitration proceedings over Gambia's decision to strip the company of its rights to explore for oil in two offshore areas.

Arctic Oil Promise Keeps Norway's Disappointed Wildcatters Going
Monday, October 16, 2017 It's been a bad year for oil explorers in Norway's Arctic, but companies aren't about to give up.

WoodMackenzie: Norway Remains Among World's Top 10 Places To Discover Oil
Thursday, October 12, 2017 Norway remains among the top 10 places to find oil worldwide, consultancy firm Wood Mackenzie says.

BP, Azerbaijan's SOCAR To Sign Caspian Sea Exploration Deal In 2017
Thursday, October 12, 2017 SOCAR plans to sign a production-sharing agreement with BP to jointly explore prospects in a new block.

Bids On Lebanon Offshore Energy Blocks Close
Thursday, October 12, 2017 Lebanon's Energy Minister Cesar Abi Khalil says a tender has closed on a first round of offshore energy blocks.


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Production

Ivory Coast 2017 Crude Oil Output Seen Rising Slightly To 40,000 Bpd
Monday, October 23, 2017 Average crude oil output for Ivory Coast in 2017 revised to 40,000 barrels a day, Energy and Petroleum Minister Thierry Tanoh says.

Chevron Approves New Tech Investment To Raise Output At North Sea Field
Friday, October 20, 2017 Chevron approves an investment to increase output from its Captain oilfield by using a new water-injection technology for the first time in the North Sea, the company says.

OPEC Sends Strongest Signal Cuts Will Be Extended to End-2018
Thursday, October 19, 2017 OPEC sent its strongest signal yet that output cuts will be extended until the end of 2018.

Encana Calls End to Permian Race as Focus Turns to Output
Wednesday, October 18, 2017 Investors will focus on how profitably companies are able to produce from their current holdings, Suttles says.

Iraq Aims To Double Kirkuk Oil Output Capacity To More Than 1 MMbpd
Tuesday, October 17, 2017 Iraq plans to contract a foreign oil company to almost double the oil production capacity of the northern Kirkuk fields.

Iraqi Forces Seize Oil City Kirkuk From Kurds In Bold Advance
Monday, October 16, 2017 Iraqi government forces captured the major Kurdish-held oil city of Kirkuk, responding to a Kurdish referendum on independence.

Weak Alberta Gas Prices To Hurt Producer, Provincial Revenues
Friday, October 13, 2017 Western Canadian natural gas prices have been stuck at historically weak levels since summer due to prolonged pipeline maintenance.


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Finance and Investing

Norway's Seadrill Gets Two Rival Debt Restructuring Proposals
Monday, October 23, 2017 Seadrill receives two additional non-binding proposals from bondholders for a debt restructuring.

Cash-Poor Alaska Eyes Foreign Capital To Jump-Start Energy Projects
Friday, October 20, 2017 Alaska is pursuing foreign investors for its oil and gas industry, hoping to advance recent discoveries.

Iraq Turmoil Threatens Billions in Oil Traders' Kurd Deals
Thursday, October 19, 2017 The crisis unfolding around the Iraqi city of Kirkuk has left some of the world's largest commodity trading houses worried.

Saudi Oil Minister Says Full Aramco IPO Is on Track for 2018
Wednesday, October 18, 2017 Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company.

Angola Is Not The Next Venezuela, State Oil Firm Says As It Cuts Debt
Wednesday, October 18, 2017 Angola is not the next Venezuela, the head of state oil firm Sonangol says.

BP Midstream Partners Seeks To Raise Up To $893MM In IPO
Monday, October 16, 2017 BP Midstream Partners says it expects to raise up to $893 million from its initial public offering.


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Company Operations

Halliburton CEO Defends Fracking Business as Margins Disappoint
Monday, October 23, 2017 Fracking isn't looking so great for the world's biggest fracker, but the CEO of Halliburton says he can pull some levers to improve profits.

BP Chairman Svanberg to Retire; Search Starts for Successor
Thursday, October 19, 2017 BP's Chairman Carl-Henric Svanberg to retire.

Thailand's PTTEP Delays Canadian Oil Sands Project At Cost Of $550MM
Thursday, October 19, 2017 PTTEP says it was delaying plans investment for the Mariana Oil Sands in Canada.

Schlumberger's Latest Asset Deal Raises Fresh Concerns Ahead Of 3Q
Thursday, October 19, 2017 Schlumberger seals a deal to buy oil and gas assets worth $1 billion from Cenovus Energy.

Kremlin Oil Major Piles Up Investments In Iraq's Kurdistan Amid Crisis
Wednesday, October 18, 2017 Rosneft has agreed to invest $400 million in five oil blocks in Iraqi Kurdistan, increasing Moscow's exposure to the semi-autonomous region.

Avenue Capital Urges Ocean Rig To Hire Advisers
Tuesday, October 17, 2017 Ocean Rig UDW's fifth-biggest investor Avenue Capital Group urged the offshore driller to hire advisers to review 'opportunities.'

Emerson Expands Technology Footprint, Acquires Paradigm
Tuesday, October 17, 2017 Emerson has agreed to acquire Paradigm, a leading provider of software solutions for the oil and gas industry.


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Policy

Tillerson Flap Bad Timing for Iran Decision: Balance of Power
Thursday, October 05, 2017 Signs of friction are again plaguing Donald Trump's White House at a pivotal moment for his policy agenda.

Oil Drillers May See Big U.S. Tax Cut - If Deductions Survive
Thursday, October 05, 2017 U.S. oil explorers could see a multibillion-dollar benefit from a move to slash the U.S. corporate tax rate but some of the industry's biggest tax breaks could also be under fire.

Amid Skepticism, Nigeria Continues to Move Forward to Revamp its Government
Thursday, August 10, 2017 Operators, experts remain cautious as Africa's No. 1 oil producing nation passes a bill to reduce corruption.

US Energy Agency to Take on $50 Billion Backlog as Senate Acts
Friday, August 04, 2017 The main US energy regulator can get back to the business of approving multibillion-dollar natural gas pipelines after the Senate moved to fill two of four vacancies at the long-crippled agency.

Japan To Start Work On Revising Basic Energy Policy Next Week
Tuesday, August 01, 2017 Tokyo will begin discussions on a revision of Japan's basic energy plan next week, Minister of Economy, Trade and Industry Hiroshige Seko says.

Pennsylvania May Impose Severance Tax
Friday, July 28, 2017 Operating in the Keystone State might get more expensive for the natural gas industry.


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Refining

US Midwest Oil Refiners Boost Output, Cut Dependence On Gulf Coast
Monday, October 23, 2017 US refineries from Ohio to Minnesota are capitalizing on access to cheap crude from Western Canada and North Dakota oilfields.

Venezuela's Deteriorating Oil Quality Riles Major Refiners
Friday, October 20, 2017 PDVSA is increasingly delivering poor quality crude oil to major refiners in the United States, India and China.

In 'Energy City' USA, Hurricane Harvey's Fury Is Still Lingering
Thursday, October 19, 2017 It took five weeks for the largest US oil refinery to get back to normal after Hurricane Harvey.

China's CEFC Eyes Big League With Rosneft Oil Offtake Deal
Tuesday, October 17, 2017 For China, the world's top crude importer, having access to Russian oil would be a big step towards its ambition to create a globally integrated oil supply chain.

Newest Outpost For US Crude Exports: India
Tuesday, October 17, 2017 India is set to emerge as a key market for American crude exports in coming months.

EU Imposes Oil Embargo On North Korea In Symbolic Gesture
Monday, October 16, 2017 The European Union banned the sale of oil and oil products to North Korea.

OPEC's Output Curbs Squeeze World's Biggest Oil Refining Complex
Monday, October 16, 2017 Being sophisticated in the age of OPEC output curbs can prove a disadvantage, as the operator of the world's biggest oil-refining complex is discovering.


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Biofuels

Asia's Oil Hub Going Green With Floating Solar, Storage Systems
Monday, October 23, 2017 Singapore plans to develop solar power and energy-storage technologies as the oil-trading hub of Asia pushes to generate more of its power from renewable sources.

Pennsylvania Gov. Seeks Relief For Local Refiners From Renewable Fuel Rule
Monday, October 23, 2017 Pennsylvania's governor asked US President Donald Trump to ease pressures on oil refiners in his state.

EPA Abandons Changes To US Biofuel Program After Lawmaker Pressure
Friday, October 20, 2017 The US EPA has backed off a series of proposed changes to the nation's biofuels policy after a massive backlash.

EPA Chief Calls for Ending Wind Tax Credits to Help Coal Survive
Tuesday, October 10, 2017 Tax incentives for the wind industry should be eliminated, Environmental Protection Agency administrator Scott Pruitt says.

Senators Object to Plan to Lower US Renewable Fuel Requirements for 2018
Thursday, October 05, 2017 A group of 38 U.S. senators asked the U.S. Environmental Protection Agency to abandon plans to lower biofuels requirements for oil refiners in 2018, according to a letter made public by the office of Senator Amy Klobuchar of Minnesota.

U.S. Trade Dispute Scaring Companies From Buying Solar Power
Thursday, October 05, 2017 A trade dispute over solar imports has stalled clean-energy projects across the U.S.

Statoil Takes First Bite Of Solar Market With Brazilian Joint Venture
Wednesday, October 04, 2017 Statoil is taking its first step into the solar sector, partnering up with Oslo-listed renewable energy firm Scatec Solar.

IEA Lifts Five-Year Renewables Forecast After Record 2016
Wednesday, October 04, 2017 The IEA raises its forecasts for renewable energy over the next five years.


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Petrochemical

China's Hengyi Opens Singapore Trade Office For Brunei Oil-Petchem Project
Monday, October 16, 2017 Hengyi Group has started a trading office in Singapore to buy crude and trade oil products from its $3.4B Brunei project, company officials say.

Slowing Demand Growth to Push Big Oil From Cars to Chemicals
Monday, October 16, 2017 Global oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting companies to accelerate the shift to natural gas and chemicals, according to WoodMac.

Sasol Plans More Hiring for Louisiana Project
Thursday, October 12, 2017 Company hits milestone for $11 billion ethane cracker and derivatives project.

Fluor to Lead Engineering, Procurement for $2.4B Texas Project
Tuesday, October 10, 2017 Fluor gets another role in $2.4B LyondellBasell Texas project.

CEFC Head Riffs on $30 Oil and Rosneft in 12,000-Word Note
Tuesday, October 03, 2017 While there's a risk oil may slide below $30 as its displaced by alternative energy sources, it will still be used to make petrochemicals, said the head of the enigmatic Chinese company.

Petronas Chem Sells Half Of Polymers Business To Saudi Aramco For $900MM
Monday, October 02, 2017 Petronas Chemicals Group Bhd (PCG) says it plans to sell 50% of a polymers unit to Saudi Aramco's wholly owned subsidiary.


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Pipelines

UBS, Caisse des Depots Sell Stake In Norway's Gas Pipeline Network
Monday, October 23, 2017 Bank UBS and France's Caisse des Depots have sold their stake in Norway's offshore gas pipeline system.

Iraq Adds Oil-Export Facility to Offset Output Drop in Kurd Feud
Monday, October 23, 2017 Iraq began using a new offshore crude-exporting facility to help boost shipments by sea.

Juncker: No EU Unity For Russia Nord Stream 2 Talks
Thursday, October 19, 2017 The European Commission says that despite a lack of unity among member states over Russia's plans for a new gas pipeline to Germany, it would press ahead.

Iraq's Oil Exports via Turkey Dwindle as Kirkuk Fields Stay Shut
Thursday, October 19, 2017 Crude exports from northern Iraq fell again, and output remained curtailed in the nation's disputed Kirkuk province.

Kinder Morgan 3Q Revenue Dips On Harvey Impact
Wednesday, October 18, 2017 Kinder Morgan reports a 1.5% fall in quarterly revenue, partly due to the impact of Hurricane Harvey.

Storm In Western Canada Disrupts Crude Oil Pipelines
Wednesday, October 18, 2017 Two crude oil pipelines in western Canada were shut down on Wednesday after stormy weather caused power outages in parts of Alberta and Saskatchewan.

Iraq's Pipeline Exports Slump After Clash With Kurds at Kirkuk
Wednesday, October 18, 2017 Oil exports from northern Iraq dropped by more than half as production in the country's disputed Kirkuk province slumped for a second day.

Capline Owners Gauge Interest in Pipeline Reversal
Tuesday, October 17, 2017 Marathon Pipe Line, Plains All American, BP may convert crude pipeline's flow from northbound to southbound.


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Terminals and Storage

Kemp: US Natural Gas Prices Under Pressure Even As Stocks Tighten
Friday, October 20, 2017 US natural gas stocks continue to tighten, but most traders appear unconcerned.

US Regulator To Monitor Winter Natgas Supply In California, New England
Friday, October 20, 2017 US energy regulators will pay attention to natural gas supply issues in Southern California and New England this winter.

Could Mexico Be the Next Panama Canal for Gas? Drillers Think So
Friday, October 20, 2017 America's drillers are looking for a cheaper and quicker route.

Asia Oil Buyers Turn To US In Hunt For Cheap Supply
Monday, October 16, 2017 Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year.

Russell: China Crude Oil Storage Splurge Is OPEC's Best Friend
Monday, October 16, 2017 China's crude oil imports surged to the second-highest on record in September, but this isn't a sign of supercharged demand in the world's second-biggest economy.

Shrinking Europe Oil Glut Gets Even Smaller After US Hurricane
Wednesday, October 11, 2017 If you want to see how the oil market's re-balancing, just take a look at Europe's storage tanks.


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LNG/LPG

Egypt Calls for Less LNG in Tender as Domestic Gas Boost Looms
Friday, October 20, 2017 Egypt is paring down its requests for liquefied natural gas.

Asian Prices Drop On Wary Buyers And Lackluster Egyptian Demand
Friday, October 20, 2017 Asian spot LNG prices fell this week.

Statement: Indonesia To Extend Inpex's Masela LNG Contract By 27 Years
Thursday, October 19, 2017 Indonesia has agreed with Inpex to extend the company's contract to operate the Masela natural gas field by up to 27 years.

Eni Looks To Strengthen Ties With Rosneft, Maybe In LNG
Thursday, October 19, 2017 Eni is keen to strengthen ties with Rosneft and could forge a partnership in the LNG sector.

LNG Producers Take Time To Relax Destination Clauses Despite Japan Ruling
Wednesday, October 18, 2017 Global liquefied natural gas suppliers are taking time to revise destination clauses in supply contracts for Japanese buyers.

America's Shale Gas Guru Seeks Buyers, Only Finds Partners
Wednesday, October 18, 2017 The billionaire evangelist of US natural gas exports is finding himself having some surprising conversations these days.


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