Industry Headlines

Industry Could Struggle to Attract, Retain Staff Without IIOT
Tuesday, October 25, 2016 The oil and gas industry could find it hard to attract and retain staff if it doesn't adopt the industrial internet of things.
Industry Must Be Stimulating, Challenging to Inspire Millenials
Tuesday, October 25, 2016 The oil and gas industry must be presented as stimulating and challenging to inspire millennials, Oil & Gas UK Chief Executive Deirdre Michie told Rigzone.
Oil Rises as OPEC Chief Barkindo Seeks to Resolve Output Plan
Tuesday, October 25, 2016 Oil climbs as OPEC's secretary general is set to visit Baghdad for talks aimed at resolving a deal on output after Iraq said it should be exempt from planned cuts.
Airport Staff Involved In Total CEO Plane Crash Had Been Drinking
Tuesday, October 25, 2016 Two Moscow airport workers involved in a plane crash in which the CEO of Total, was killed had been drinking alcohol, Russia's aviation regulator says.
Oil, Gas Automation Sector Suffering From Skills Shortage
Tuesday, October 25, 2016 The oil and gas automation sector is suffering from a skills shortage, according to Vimal Kapur, President of Honeywell Process Solutions.
Outlook: Exploring the New Breed of Oil, Gas CEOs
Tuesday, October 25, 2016 Rigzone explores what future leadership in the oil and gas industry will be once the industry enters a full recovery.
Oil Dips On Buzzard Restart, Iraq; US Crude Tests Below $50
Monday, October 24, 2016 Oil prices dip, with US crude briefly falling below $50 per barrel.



CNPC's Natgas Block In Peru Likely Has 3-4 TCF In Reserves
Wednesday, October 19, 2016 China National Petroleum Corporation Corp likely has 3-4 trillion cubic feet of proven natural gas reserves in an energy block it operates in southern Peru, Peru's president said Tuesday.
ExxonMobil To Start Drilling First Liberia Well In November
Wednesday, October 19, 2016 ExxonMobil will start drilling its first exploratory well off the coast of Liberia in November.
Solo Oil: Ntorya-2 Rig Mobilization Underway, Spud Expected December
Tuesday, October 18, 2016 Solo Oil plc announced Tuesday that site preparations for the Ntorya-2 appraisal well have now been completed and that the mobilization of the Caroil#2 rig from the Ntorya-1 wellsite is now underway.
Faroe Petroleum: Oil, Gas Discovery Made in Norwegian Sea
Tuesday, October 18, 2016 An oil and gas discovery has been made at the Njord North Flank in the Norwegian Sea, says independent oil and gas company Faroe Petroleum.
HHD Looking to Conduct Significant Appraisal Testing at Horse Hill Find
Monday, October 17, 2016 Horse Hill Developments Ltd submits a planning application to Surrey County Council seeking permission to conduct further significant appraisal testing and drilling at the Horse Hill-1 discovery.
Total E&P Norge Makes Gas Discovery Offshore Norway
Monday, October 17, 2016 Total E&P Norge, operator of production license 043, has made a gas/condensate discovery through wildcat well 30/4-3 S, located offshore Norway.



Iraq Seeks OPEC Deal That Would Preserve Oil Output
Tuesday, October 25, 2016 Iraq tells top OPEC official of its hope that the group could reach a deal to lift oil prices while preserving its own output level, a spokesman says.
Indonesia's Pertamina Targets 42% Increase in 2017 Crude Output
Tuesday, October 25, 2016 Indonesia state oil firm Pertamina targets a 42-percent increase in crude oil production and a 17-percent increase in gas production in 2017, amid continued overseas expansion.
Statoil Says Restarts Output At Statfjord A Platform After Fire
Monday, October 24, 2016 Production at Statoil's Statfjord A oil platform in the North Sea has restarted after it was shut due to a fire on Oct. 16, the company said on Monday.
Foreign Firms To Increase Spending On Iraqi Oil Fields In Basra
Monday, October 24, 2016 Foreign oil companies will increase their investments to increase output in Basra, the main producing region of Iraq.
Angola Becomes China's Biggest Oil Supplier in Sept
Monday, October 24, 2016 Angola unseats Russia as China's largest crude supplier.
Islamic State Attacks Kirkuk, Oil Production Not Affected
Friday, October 21, 2016 Islamic State militants attack several buildings in the northern Iraqi oil city of Kirkuk on Friday before dawn.
Asia's Oil Markets Are Tightening As China Cuts Output, Fuel Stocks Dwindle
Friday, October 21, 2016 From sharp cuts to Chinese oil production to falling inventories of refined fuel products, signs are mounting that Asia's oil markets are slowly returning to balance.


Finance and Investing

Baker Hughes Raises Cost-Cutting Target For 2016
Tuesday, October 25, 2016 Baker Hughes bumps up its savings target for 2016 after a tight leash on costs helped the company post a much smaller than expected quarterly loss.
Venezuela PDVSA Swaps $2.8B 2017 Bonds, Gains Financial Breather
Monday, October 24, 2016 PDVSA says a debt swap allowed it to push back some $2.798 billion in payments originally due next year to 2020, giving the cash-strapped company a financial breather.
Petrobras Sets Up Minority Panel On Transfer of Rights Areas
Monday, October 24, 2016 Petrobras board approves the creation of an independent committee to allow the state-controlled company's minority shareholders to review planned changes to some of its biggest oil and gas leases.
Russian Oil Firm Rosneft May Buy Own Shares In Stake Sale
Friday, October 21, 2016 Russia's top oil producer Rosneft can buy some of its shares slated for privatization and re-sell them later, an Economy Ministry official told Reuters on Friday.
GE Cuts Year Revenue Target On Oil, Gas Weakness, Has 3Q Profit Beat
Friday, October 21, 2016 GE beats analyst profit forecasts in the third quarter, but revenue growth remained sluggish, prompting the company to scale back expectations for full-year revenue and profit.
PDVSA Wants Investors To Tender $600M Extra In Bond Swap
Friday, October 21, 2016 Venezuela's state oil producer PDVSA wants investors to tender an extra $600 million in a bond swap to reach required levels of participation.


Company Operations

BP General Council Bondy To Leave At Year End
Monday, October 24, 2016 BP's General Council Rupert Bondy will step down at the end of the year after 8 years in office during which he oversaw the legal battles surrounding the 2010 Gulf of Mexico oil spill.
Petrofac Appoints New CFO
Friday, October 21, 2016 Oilfield services company Petrofac Limited has appointed Alastair Cochran as the company's new chief financial officer and executive director, succeeding Tim Weller.
Shell Divests Non-Core Oil, Gas Properties in Canada for $1 Billion
Friday, October 21, 2016 Shell will sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada for a total consideration of approximately $1.037B.
Sea Trucks Group Secures Work Offshore West Africa
Friday, October 21, 2016 Offshore services provider Sea Trucks Group secures a contract award from an unnamed oil major in West Africa.
Aker Solutions to Buy Brazilian C.S.E
Friday, October 21, 2016 Aker Solutions agrees to buy 70% of Brazilian C.S.E. Mecanica e Instrumenta?ao Ltda.
Schoeller-Bleckmann Says Oil Patch Bottom Reached, Sees Upturn
Friday, October 21, 2016 The chief executive of Schoeller-Bleckmann Oilfield Equipment said on Friday it was fair to say that a bottom has been reached in the oil industry, pointing to rising rig counts.



Pennsylvania Adopts New Fracking Regulations
Friday, October 07, 2016 New regulations governing the extraction of natural gas through fracking will go into effect on Saturday in Pennsylvania.
Kazakhstan Says Kashagan Oilfield Start-Up Going To Plan
Wednesday, October 12, 2016 Work to bring onstream the giant Kashagan oilfield in Kazakhstan is going to plan and some crude has already been processed and put in storage, the country's energy minister says.
Brazil Opens Oil Fields to Foreign Firms in Key Policy Shift
Thursday, October 06, 2016 Brazil's Congress votes to open up its pre-salt oil fields to foreign investors by scrapping Petrobras' obligation to be the area's sole operator.
Federal Appeals Court Hears Arguments Over Dakota Access Pipeline
Wednesday, October 05, 2016 Three federal appeals judges hear arguments over whether to stop work on a crude oil pipeline in parts of North Dakota where tribes say the project will desecrate sacred land.
Trump Meets With Energy CEOs Opposed to Fracking Votes He Backs
Tuesday, October 04, 2016 Energy executives in Denver on Tuesday warn Donald Trump, who has said he supports letting local residents vote on fracking bans, that state regulations are thwarting oil and gas development.
Western Oil Industry Reaction Mixed On OPEC Cut Pledge
Thursday, September 29, 2016 Industry experts warn that despite apparent support from non-OPEC member Russia, the cartel's production cut could still fall apart as individual nation's quotas are determined.



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