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CNPC Research: China's Oil Demand To Grow 3% In 2015
Wednesday, January 28, 2015 China's implied oil demand will grow 3% this year versus last year, little changed from the pace of growth in 2014 as calculated by Reuters.

Lukoil Would Welcome Investigation into Accusations it Funded Terrorism
Wednesday, January 28, 2015 Lukoil wants a prompt investigation into accusations it took part in the funding of terrorism in Ukraine and is ready to cooperate with Ukraine's law enforcement agencies.

BG Signs Oil Contractor Deal With KBR To Reduce Costs
Wednesday, January 28, 2015 BG Group signs an agreement with KBR to hire skilled contractors for its large-scale projects at short notice, an alliance that will allow BG to cut hiring costs.

Oil Tumbles; US Crude Prices Near 6-Year Low On Record Stockpiles
Wednesday, January 28, 2015 Oil slumps, with US crude prices at near 6-year lows, after the government reported record-high inventories in the United States.

Petrobras Reports Earnings Without Graft Writedowns Despite Delays
Wednesday, January 28, 2015 Petrobras released delayed unaudited third-quarter results, but its shares slumped as it left investors in the dark over the financial impact of a multibillion-dollar corruption scandal.


  



California County Declares Fiscal Emergency Due To Oil Price Plunge
Wednesday, January 28, 2015 Plunging oil prices lead California's Kern County to declare a fiscal emergency, a move that allows officials to tap into a reserve fund as tax revenue faces a big decline due to the lower oil prices.

Scottish Moratorium, Planning Delay Dent Cameron's Shale Gas Ambitions
Wednesday, January 28, 2015 Scotland blocks the granting of permits for fracking and a local English council delays a decision on two projects, casting doubt on British Prime Minister David Cameron's shale gas ambitions.

Fracking Moratorium Voted Down in Colorado Town
Wednesday, January 28, 2015 The Erie, Colorado Board of Trustees votes down a moratorium on fracking, and will continue to work with drillers in the area to address noise and vibration concerns.

Hess Profit Misses Estimate As Oil Prices Slump
Wednesday, January 28, 2015 The weak results from Hess, one of the first major US oil companies to report quarterly earnings, could portend a wave of negative earnings reports across the industry.

Oil Jumps On Weaker Dollar; Traders Wary Of Stock Build
Tuesday, January 27, 2015 Oil prices jump as much 3% as a weaker dollar props up commodities priced in the currency.

Wood Mac: Steady Licensing Activity Expected in Europe in 2015
Tuesday, January 27, 2015 Oil and gas licensing activity in Continental and Mediterranean Europe will remain steady in 2015 in spite of the low oil price, according to research firm Wood Mackenzie.

BP Cuts 255 Jobs In Azerbaijan, Remains Committed To Region
Tuesday, January 27, 2015 BP cuts 255 jobs, or around 8% of its workforce in Azerbaijan as it trims costs in response to the "challenging market environment".

Budget Watchdog: Canada May Face 2015/16 Budget Deficit On Low Oil
Tuesday, January 27, 2015 If the price of oil averages $48 a barrel this year, Canada will end up with a small deficit in 2015-16, even with the use of a contingency fund set aside for unexpected events, Canada's budget watchdog says.

Turkish Cypriot Negotiator Urges Suspension Of Gas Drilling
Tuesday, January 27, 2015 Greek and Turkish Cypriots should agree to suspend the search for offshore natural gas until they have hammered out a settlement in talks, Ergun Olgun says.

Kemp: Factors That Will Drive US Oil Production In 2015
Tuesday, January 27, 2015 Rig counts are a highly imperfect guide to future oil production but they are one of the few readily available statistics on oilfield activity so it is unwise to dismiss their importance entirely.

Obama Floats Offering First-Ever Drilling Lease In Atlantic
Tuesday, January 27, 2015 The Obama administration floats a plan that for the first time would open up a broad swath of the Atlantic Coast to drilling, even as it moved to restrict drilling off Alaska.

EarthStream Says Hiring Companies Gain from Decline in Oil Price
Monday, January 26, 2015 Falling oil price allows hiring firms to cope better with skilled shortages in the industry as more experienced candidates are available at reasonable salaries, an EarthStream executive says.

Argentina: Best Candidate for Next Shale Boom?
Monday, January 26, 2015 London-based research firm Visiongain argues that Argentina could turn out to be the best candidate for the next shale boom.

UK Parliament Group Calls for Shale Gas Fracking Moratorium
Monday, January 26, 2015 A group of British lawmakers call for a moratorium on shale gas fracking, saying developing the unconventional gas resources was incompatible with targets to fight climate change.

Oil Major BP Freezes Pay In 2015 To Cut Costs
Monday, January 26, 2015 BP is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices.

Britain To Ban Fracking In National Parks After Policy U-Turn
Monday, January 26, 2015 Britain says it would ban fracking in national parks, reversing a policy announced last year.

Oil Slides Despite OPEC Talk Of A Floor
Monday, January 26, 2015 Oil fall in see-saw trade, with US crude ending at its lowest in nearly 6 years, as traders discount comments from OPEC's top official about the market finally finding a bottom.

Russian 2015 Hydrocarbon Reserve Growth To Fall Below Forecast
Monday, January 26, 2015 Russia's proven hydrocarbon reserves will increase much less than previously expected in 2015, the Russian Environment Ministry says.

US Supreme Court Rejects BP Executive's Appeal
Monday, January 26, 2015 The US Supreme Court declines to hear an appeal by a former BP executive.

Wood Mac: US Onshore Well Count to Fall by 26% in 2015
Friday, January 23, 2015 Oil prices under $50/barrel will results in a decline in North American well counts and rig day rates as operators scale back 2015 spending plans.

Brent Closes Up, US Crude Down After Saudi King Dies
Friday, January 23, 2015 Brent crude was buoyed by market uncertainty over the future of Saudi oil output, while US crude fell on more signs of oversupply.

BSEE to Investigate Damage to Unmanned Platform off Louisiana Coast
Friday, January 23, 2015 BSEE is sending investigators to investigate a damaged platform off the coast of Port Fourchon, Louisiana.

Mexico Looks The Other Way As Contractors Fleece Oil Giant Pemex
Friday, January 23, 2015 A recent rig deal, a Reuters examination finds, is typical of the way Pemex and the government respond to widespread signs of fraud in the company's vast contracting budget: by looking the other way.

Saudi Oil Minister Naimi To Stay For Now, Policy Steady
Friday, January 23, 2015 Saudi Arabia's new King Salman was quick to keep veteran oil minister Ali al-Naimi in a message aimed at calming a jittery energy market mindful of Naimi's powerful role within OPEC.

Oil, Gas Salary Adjustments Amid Oil Price Decline
Friday, January 23, 2015 The downturn in crude oil prices is disproportionately affecting companies in the energy industry, prompting a variety of budget revisions that could affect workers' salaries.

SubseaIQ Hotspot Review: 2014 Notable Discoveries, Startups
Friday, January 23, 2015 With everyone focused on companies cutting budgets and announcing layoffs, SubseaIQ takes a break to look at some discoveries and production startups in 2014.

Apache Hires Former BP Executive Riney As CFO
Thursday, January 22, 2015 Apache names Stephen Riney, a former executive with BP, as its chief financial officer.

Gunvor: No Rebound To $100 Oil, Contango To Deepen
Thursday, January 22, 2015 Gunvor's head of analysis says crude was unlikely to return to $100 a barrel in the foreseeable future.

Oil Majors Seek To Claw Back Costs From Service Firms
Thursday, January 22, 2015 Global oil majors say they are demanding cheaper but better services from engineering and service companies, or simply taking work back in-house.

Saudi Brinksmanship: Economics Behind Reluctance to Fiddle with Oil Prices
Thursday, January 22, 2015 Much of the downward spiral in crude oil prices results from the maneuverings of Saudi Arabia, points out analyst Faraz Shams.

Oil Settles Lower After Large US Inventory Build
Thursday, January 22, 2015 Crude oil prices settle lower after a government report shows the biggest build in US crude inventory in at least 14 years.

Top Tips: Applying for Your First Graduate Job in European Oil, Gas
Thursday, January 22, 2015 Rigzone talks to graduate recruiters at BP and OMV about their tips for university students applying for a graduate job in oil and gas.

OPEC, Oil Companies Clash At Davos Over Price Collapse
Wednesday, January 21, 2015 OPEC defends its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could lead to a huge supply shortage.

Oman Oil Minister Slams OPEC Policy on Prices, Market Share
Wednesday, January 21, 2015 Oman oil minister Mohammad bin Hamad al-Rumhy sharply criticizes OPEC's production policy, saying it is creating volatility in the market without benefiting oil producers and that his country is suffering.

Oil Up On Traders' Hope Investment Cuts Limit Supply
Wednesday, January 21, 2015 Global oil prices snap a 2-day decline and increase around 2% on hopes prices will recover as energy companies cut production investment.

Junior Oil Firms: Not All Doom and Gloom
Wednesday, January 21, 2015 As many junior energy companies suffer amid the oil price rout, Rigzone finds out which of the smaller oil and gas firms are best placed to weather the storm.

Minister: No Need For Petrobras Investment Cut Due To Corruption Probe
Wednesday, January 21, 2015 Petrobras does not need to curtail its multibillion-dollar investment plan because of a growing corruption scandal, Mines and Energy Minister Eduardo Braga tells Reuters.

Kemp: Oil Producers' Under-Appreciated Role in US Economy
Wednesday, January 21, 2015 The states at the heart of the American shale oil revolution all grew faster than the US national average over the last decade, underscoring the importance of oil production to the US economy.

BP Asks For Lower Fine In Penalty Phase Of Gulf Spill Trial
Tuesday, January 20, 2015 BP tries to whittle away at $13.7B in potential fines under the Clean Water Act as the penalty phase starts in its trial over the 2010 Gulf of Mexico oil spill.

Apache CEO Steve Farris Retires
Tuesday, January 20, 2015 Apache announces the retirement of Chief Executive Steve Farris and names John Christmann, chief operating officer of North America, as his replacement.

Norway Moves Arctic Ice Edge North, Oil Firms On Alert
Tuesday, January 20, 2015 Norway's energy ministry launches an Arctic-focused oil and gas licensing round.

Oil Falls Again As IMF Cuts Forecast; Iran Hints At $25 Oil
Tuesday, January 20, 2015 Oil fell as much as 5% after the International Monetary Fund cut its 2015 global economic forecast and Iran hinted prices could drop to $25 a barrel.

Talisman Sinopec Energy UK To Cut 300 Jobs
Tuesday, January 20, 2015 Talisman Sinopec Energy UK says it would cut 300 jobs due to falling production levels and rising operating costs hurt by low oil prices.

Australia Prepares for Growing Challenges as Market Environment Evolves
Tuesday, January 20, 2015 With Australia's oil and gas industry now at a crossroad, Rigzone talks to several industry experts to gauge their reaction to the emerging market conditions.

Mexico's Pemex Says Savings Will Total $1.45B By 2018
Monday, January 19, 2015 Pemex, grappling to stem an output slide amid crashing prices, says it expects to save more than $1.45 billion by consolidating the procurement process by 2018.

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