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Industry Headlines

Remote Operations Center Guide: Enter & Navigate the ROC World
Friday, May 26, 2017 Rigzone's guide to remote operations centers in the oil and gas industry.
Op-Ed: Crude Export Habits Could Factor Into OPEC's Oil Balancing Act
Friday, May 26, 2017 With the US entrance into the crude oil exporting market and little change in global loading, production may not be the only weight on commodity prices and crude oversupply.
SNP MP: Scottish Oil Sector Growing, People Returning to Work
Friday, May 26, 2017 Scotland's oil and gas sector is emerging from the downturn, businesses are growing in confidence and people are getting back into work after a tough couple of years.
Commodity Weekly: OPEC's Announced Cut Extensions Fail To Buoy Markets
Friday, May 26, 2017 OPEC announcement to extend output cut an additional 9 months fails to convince oil markets - prices fall 5%.
BLOG: OFS Crew Cuts May Shave Near Term US Crude Oil Production Growth
Thursday, May 25, 2017 Rebuilding the completion crew workforce at US shale plays will take time, likely to slow North American crude oil production.
Oil Plunges 5% On Disappointment With OPEC Cuts
Thursday, May 25, 2017 Oil prices tumbled 5% as the extension of output curbs by OPEC and other producing countries disappointed investors.

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Exploration

Energean Signs Lease Agreement for Exploration Onshore Greece
Thursday, May 25, 2017 Energean Oil & Gas signs a Lease Agreement with the Greek government for the exploration and exploitation of hydrocarbons at the Aitoloakarnania block, onshore Western Greece.
Mexico Oil Reform Advances With First Private Well in 80 Years
Tuesday, May 23, 2017 For the first time in almost 80 years, a private company has sunk a new offshore oil well in Mexican waters.
ExxonMobil, Total Discuss Offshore Drilling Opportunities In Greece
Friday, May 19, 2017 Greece's energy minister holds talks with representatives of ExxonMobil and Total about gas exploration opportunities off Greek shores.
Tullow Hits Oil at Kenyan Well
Wednesday, May 17, 2017 Tullow Oil plc announces that the Emekuya-1 well in Block 13T, Northern Kenya, has hit oil.
South Africa May Award First Shale Gas Exploration Licenses by End-Sept
Monday, May 15, 2017 The five license applications under review are for exploration in the semi-arid Karoo basin.
Total Expands Oil Search Offshore West Africa With Mauritanian Deal
Friday, May 12, 2017 Total has signed a deal to explore for oil and gas offshore Mauritania, the French company says.

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Production

Total CEO Says OPEC Cut Decision Gives Visibility Until At Least 2018
Friday, May 26, 2017 The decision by oil producing countries to extend the production cut agreement by 9 months gives the market much needed visibility until at least 2018.
GE's Saudi Joint Venture To Start Gas Turbine Production This Year
Thursday, May 25, 2017 General Electric's joint venture to manufacture gas turbines in Saudi Arabia will start production by the end of the year.
EnQuest On Track For Kraken First Oil Before End of June
Thursday, May 25, 2017 EnQuest is on track to achieve first oil from the Kraken development in the UK North Sea before the end of June, according to the company's CEO Amjad Bseisu.
OPEC, Non-OPEC Extend Oil Output Cut By 9 Months To Fight Glut
Thursday, May 25, 2017 OPEC and non-member oil producers gear up to extend output cuts.
Statoil To Start Gina Krog Oil And Gas Field In June
Wednesday, May 24, 2017 Norwegian Petroleum Directorate gives consent for Statoil to start the Gina Krog oil and gas field in the North Sea.
Nigeria Could Hit 2.2 MMbpd Oil Output By End Of June
Wednesday, May 24, 2017 The worst disruptions in Nigeria's oil-producing Delta region are over, and production could reach 2.2 million barrels per day by the end of June.

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Finance and Investing

Austria's OMV Says Iran Owes It $48 MM
Thursday, May 25, 2017 The National Iranian Oil Company (NIOC) still owes Austrian oil and gas group OMV $48 million, OMV's exploration and production chief Johann Pleininger says.
Sinochem No Longer Pursuing Stake Buy In Noble Group
Monday, May 22, 2017 Sinochem is no longer pursuing an investment in Noble Group Ltd due to concerns over the finances and business outlook of the loss-making commodity trader, 3 sources familiar with the matter told Reuters.
Russian Government Still Hopes For Dividends From Rosneftegaz
Thursday, May 18, 2017 Russia hopes to receive dividend payout from state-controlled Rosneftegaz for 2016 despite the energy holding company registering a loss last year.
Gazprom 2016 Dividend Payout To Be No Less Than Last Year
Wednesday, May 17, 2017 Russian gas giant Gazprom will pay at least the same amount in dividends on 2016 results as the year earlier, TASS news agency quotes Russian Deputy Prime Minister Arkady Dvorkovich as saying.
OGCI Appoints CEO of OGCI Climate Investments
Wednesday, May 17, 2017 The Oil and Gas Climate Initiative (OGCI) appoints Dr. Pratima Rangarajan as the chief executive officer of its newly-formed investment company, OGCI Climate Investments.
Egypt Will Make $750MM Debt Payment To Oil Companies On June 1
Tuesday, May 16, 2017 Egypt will make a debt payment of $750 million to international oil companies on June 1, Central Bank Governor Tarek Amer says.

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Company Operations

Petrofac Suspends Group Chief Operating Officer Amid SFO Investigation
Thursday, May 25, 2017 Petrofac's board has suspended its Group Chief Operating Officer, Marwan Chedid, until further notice, amid the Serious Fraud Office's ongoing investigation into the company.
Nigeria To Mediate In Dispute Between Exxon And Labor Unions
Wednesday, May 24, 2017 Nigeria's government wants to resolve a labor dispute between ExxonMobil and unions in the oil-rich Niger Delta region, a minister says.
Seadrill CEO Praises Workforce
Wednesday, May 24, 2017 Seadrill Limited is well positioned in the current market, thanks in part to its highly skilled workforce, the company's CEO, Per Wullf, says.
Proserv Secures Series of Services Deals in Middle East
Tuesday, May 23, 2017 Energy services company Proserv has been awarded a series of contracts worth a combined value of more than $11 million.
Serinus Shuts-In Sabria Field Due to Social Unrest
Tuesday, May 23, 2017 Serinus Energy Inc. temporarily shuts-in production at the Sabria field in Tunisia due to continued social unrest in the southern part of the country.
Wood Group Engineers to Carry Out Sakhalin Energy Services Contract
Monday, May 22, 2017 Wood Group's engineering team based in Yuzhno-Sakhalinsk, on Sakhalin Island, will carry out a technical support services contract for Sakhalin Energy Investment Company Ltd.

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Policy

Nigeria Oil Governance Bill Aims To Break Up State Oil Company NNPC
Friday, May 26, 2017 The long-awaited oil governance bill passed by Nigeria's upper chamber of parliament proposes breaking up the state oil company.
UK's Conservatives To Support Shale Energy, Cap Household Energy Tariffs
Thursday, May 18, 2017 Britain's Conservative Party will introduce legislation to support shale energy development and impose a household energy tariff cap if it is re-elected in June.
Nigeria's Senate Passes Long-Awaited Oil Governance Bill
Thursday, May 25, 2017 Nigerian Oil Minister Emmanuel Ibe Kachikwu says Nigeria was not opposed to joining OPEC production caps but would have to wait and see if production came back to acceptable levels.
Panel: Regulator Should have Final Say on Canada Energy Projects
Monday, May 15, 2017 Canada should reverse the approval process for major energy projects, making them go through a review by the federal government before a final decision by regulatory bodies, an official panel recommended.
Bid To Revoke Obama-Era Methane Rules Fails In US Senate
Wednesday, May 10, 2017 A Senate resolution to revoke a rule to limit leaks and flaring of methane from oil and gas production on federal lands falls short of votes.
Trump's Arctic Drill Plan Challenged by Environmental Groups
Wednesday, May 03, 2017 Environmental groups are challenging President Trump's attempt to restore oil and gas leasing on more than 125 million acres in the Arctic and Atlantic ocean
Trump's US Looks Past Energy Independence to Global Dominance
Tuesday, May 02, 2017 The US is in the position to be energy-dominant, not just independent, thanks to fracking and plans to loosen drilling regulations, Interior Secretary Ryan Zinke says.

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Refining

China's Teapot Refiners Set to Slow Crude Imports as Tanks Overflow
Friday, May 26, 2017 The move by China's so-called "teapots", a key driver of the country's crude appetite, will stir concerns about demand in the world's top oil buyer.
Saudi Aramco to Spend $18B on Growth in the Americas -Motiva
Friday, May 26, 2017 Motiva called the $18 billion estimate "a general framework of opportunities."
South Africa Wants Sinopec to Retain Refinery Capacity
Thursday, May 25, 2017 Sinopec will pay almost $1 billion for a 75 percent stake in Chevron's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced in March.
TECH SHOWCASE: 'End to End' Molecular Fuel Marking
Thursday, May 25, 2017 This chemical technology binds to molecules to detect adulterated fuels and crude oils.
Venezuela's Secret Plot to Sell Banned Syrian Oil in US Market
Thursday, May 25, 2017 The plan reportedly aimed to sell discounted Syrian oil to Venezuela through a Russian shell company, which would send it to Aruba for refining and distribution to US gas stations.
EP Energy, Tesoro Form Drilling JV in Utah's Uinta Basin
Wednesday, May 24, 2017 Tesoro will buy all the oil produced from the wells and provide capital for a 50 percent stake in EP Energy's working interest in the wells.

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Biofuels

Renewable Energy Sector Added Jobs during Downturn
Friday, May 26, 2017 A new report from the International Renewable Energy Agency found that despite a tough oil and gas climate, jobs in renewables increased in 2016.
Electric Cars Seen Cheaper Than Gasoline Models Within a Decade
Friday, May 26, 2017 Now research from Bloomberg New Energy Finance indicates that falling battery costs will mean electric vehicles will also be cheaper to buy in the U.S. and Europe as soon as 2025.
A Tiny Island Off Singapore May Hold Keys to Energy's Future
Thursday, May 25, 2017 A hydrogen-based energy storage system costs about 10 times more than a diesel back-up generator with similar power output, according to Toshiba Corp.
India's Mahindra to Build Long-range Electric Vehicles
Wednesday, May 24, 2017 Indian automaker Mahindra & Mahindra seeks to boost green car sales, senior company executives said on Wednesday.
Icahn Reaps $60 Million Windfall as Trump Regulations Adviser
Wednesday, May 24, 2017 Icahn's windfall results from potential changes in the George W. Bush-era law known as the Renewable Fuel Standard.
India Moving Beyond Oil As Seeks Alternatives to OPEC
Monday, May 22, 2017 India's petroleum and natural gas minister made the comments in Vienna ahead of OPEC's meeting this Thursday.
Glencore Predicts OPEC Insulated From Electric Vehicle Impact
Monday, May 22, 2017 Glencore is among the mining companies that anticipate electric vehicles could have a much earlier impact than previously thought.

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Petrochemical

US Weather Forecasters Predict Above-normal Hurricane Season
Thursday, May 25, 2017 NOAA will update its outlook again in August, just before the peak storm season.
OMV, ADNOC Agree to Explore Opportunities for Cooperation
Thursday, May 25, 2017 The companies agreed to evaluate refinery-petrochemical integration and other opportunities.
Billionaire Ratcliffe Hunts Oil to Repeat Chemicals Empire Build
Wednesday, May 24, 2017 The deal to buy assets from Dong Energy A/S for more than $1 billion follows the purchase of a pipeline system from BP Plc that carries crude used to price more than half the world's oil.
BLOG: Rigzone's Downstream Coverage Starts New Chapter
Wednesday, May 24, 2017 A new chapter begins for Rigzone's downstream coverage.
Shell Shareholders Reject Emissions Target Proposal
Tuesday, May 23, 2017 The vote is a setback for climate activists who are increasing pressure on global oil companies.
ChemChina and Sinochem Press $120B Deal - Sources
Tuesday, May 23, 2017 A deal reportedly could be announced by the end of the year, four people with knowledge of the negotiations said.

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Pipelines

Kinder Commits to Pipe Linking Oil-Sands Crude to Asian Markets
Friday, May 26, 2017 The Houston-based company announced its final investment decision for the Trans Mountain expansion project Thursday.
Uganda, Tanzania Sign Deal for World's Longest Heated Pipeline
Friday, May 26, 2017 The framework agreement is a a key milestone for the project, which is expected to start pumping Ugandan oil to international markets in three years
Syncrude Oil Sands Project to Further Cut Shipments -Source
Thursday, May 25, 2017 Trading volumes are currently thin in the Canadian crude market as the trading "window," lasting from the first of the month until the day before pipelines nominations are due, closed last week.
Green Power Broker to Set British Columbia's Course Next Week
Thursday, May 25, 2017 Andrew Weaver has said Kinder Morgan's pipeline has "no place on our coast" and has dismissed LNG development efforts.
U.S. Plan to Sell Oil Reserve Shows Declining Import Needs
Wednesday, May 24, 2017 Congress can reject the White House's plan.
Iran Buys Pipes for Oil Sector in $615M Deal with Spain's Tubacex
Wednesday, May 24, 2017 The deal will lead to the production of 600 kilometers of pipe.

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Terminals and Storage

Big Drop in US Oil Stocks Finally on the Way, Traders Say
Thursday, May 25, 2017 A reduction would show the market is finally reversing course after years of stock builds that left a worldwide overhang of half a billion barrels of crude oil and refined products.
Kemp: US Freight Recovery Spurs Diesel Demand
Thursday, May 25, 2017 U.S. freight movements have started increasing again, which should help boost consumption of distillate fuel oil in 2017 and 2018.
Kuwait's KNPC Plans $1.3B Oil Products Storage Plant
Wednesday, May 24, 2017 KNPC might build a large storage plant for oil products at a cost of 400 million Kuwaiti dinars ($1.32 billion), its chief executive said.
China's Sinopec Starts Building Nation's Largest Gas Storage Site
Wednesday, May 24, 2017 The storage facility will be connected to pipelines and supply gas to central China, Beijing and Tianjin.
Trump Budget Would Sell Entire US Northeast Gasoline Reserve
Tuesday, May 23, 2017 The Trump administration is proposing to sell off in the coming fiscal year the entire gasoline reserve created in the aftermath of Hurricane Sandy, according to its budget proposal unveiled on Tuesday.
Trump Proposes Selling Off Half US Strategic Oil Reserve
Tuesday, May 23, 2017 The White House plan to trim the national debt includes selling off half of the nation's emergency oil stockpile, part of a broad series of changes proposed by President Trump.

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LNG/LPG

Gas Shipper Flex LNG Signs Deals to Buy Six New Vessels
Friday, May 26, 2017 The Oslo-listed company is betting on increasing fuel demand from Britain and other countries, its chief executive told Reuters.
China April LNG Imports Up 15.6 Pct on Year -Customs
Tuesday, May 23, 2017 China's imports of LNG posted the first year on year gain in four months, customs figures showed.
Woodside Sees Output Growing 15 Pct Over Next Three Years
Tuesday, May 23, 2017 After 2020, output will grow further with the expansion of its Pluto LNG project in Australia.
Malaysia's Sarawak State Govt Seeks 10 Pct Stake in LNG Train
Monday, May 22, 2017 Malaysia's Sarawak state government said it is negotiating with Petronas to acquire a 10 percent equity stake in an LNG production facility.
Netherlands to Receive First LNG Cargo from Cheniere's US Plant
Monday, May 22, 2017 The Netherlands is set to receive its first LNG delivery from Cheniere Energy's Sabine Pass export plant in the United States, according to shipping data.
China Love for US Gas Begins as Trump Rolls Out Red Carpet
Monday, May 22, 2017 Let the gushing begin.
Malaysia's Sarawak State Govt Seeks 10% Stake In LNG Train
Monday, May 22, 2017 Malaysia's Sarawak state government says it is negotiating with Petroliam Nasional Berhad to acquire a 10% equity stake in an LNG production facility at Petronas' LNG complex in Bintulu, Sarawak.

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