Results50 articles shown
85 Gas Projects Dying on the Vine as LNG's Promise Falls Short
Friday, October 09, 2015 Five years ago, energy companies hungry for the next big thing began planning as many as 90 terminals to send natural gas around the globe. Now, it seems the world only needs five more.
Petronas Renews Pledge to Export Canadian Gas as Analysts Doubt
Friday, October 09, 2015 Petronas says it will proceed with its $28 billion Canadian natural gas export project in the face of a market slump thatís shaking profitability expectations for the global industry.
Offshore Rig Driller Seadrill Hopes To See Market Turn In 2017
Thursday, October 08, 2015 Seadrill is facing another two years in the doldrums but hopes the international rig market could turn around in 2017.
The Effect of Lower Oil Prices on West Africa-focused Oil, Gas Companies
Thursday, October 08, 2015 Rigzone takes a look at the most recent financial developments from a range of West Africa-focused oil and gas companies, highlighting the effect of the lower oil price on firms that operate within the region.
Oil Surges To Settle At 3-Month High On Bullish Outlook
Thursday, October 08, 2015 Oil prices climb to their highest in three months after a closely watched oil forecaster predicted prices would climb to $75 over the next two years.
The North Sea Dilemma: Continue to Invest or Start Decommissioning?
Thursday, October 08, 2015 Consultant Roland Berger discusses whether cost cutting today is removing the ability of oilfield services companies to capitalize on the opportunities of tomorrow?
China Investigates Former Sinopec Chairman for 'Discipline Violations'
Thursday, October 08, 2015 Chinese authorities have placed the governor of Fujian province, who is also the former chairman of Sinopec, under investigation on suspicion of "serious disciplinary violations", China's anti-graft watchdog says.
Statoil: Statfjord Oil Spill is No More than 250 Barrels
Thursday, October 08, 2015 Statoil says that an oil spill discovered at its Statfjord A platform in the Norwegian North Sea is no more than 250 barrels.
Angered by Air Strikes, Turkey's Erdogan Warns Russia on Energy Ties
Thursday, October 08, 2015 Turkey warns Russia that there are other places it can get its natural gas.
Oil Drillers Hunker Down for More Pain One Year Into Bear Market
Wednesday, October 07, 2015 A year after oil sank into a bear market, the industry is still hunkering down for a long period of low prices, with Europe's biggest producer seeing only the first glimpses of a recovery.
Oilfield Cannibals: To Save Cash, US Drillers Strip Idle Rigs
Wednesday, October 07, 2015 In a bid to save cash, rig owners are cannibalizing parts such as motors and drill pipe from idled rigs to fix 800 active ones in the US when stuff breaks.
Oil Down, Snaps 3-Day Rally After Big US Crude Build
Wednesday, October 07, 2015 Oil falls in volatile trading, snapping a 3-day rally, after US government data showing a large crude inventory build surprised traders the day after an industry group had reported a draw.
Pemex Workers Return to GOM Platform after Gas Leak
Wednesday, October 07, 2015 Pemex workers return to the Sihil A platform in the Gulf of Mexico to perform repairs after a gas leak.
Millennials in the Workplace
Wednesday, October 07, 2015 Rigzone speaks with a millennial, career and workplace expert about the characteristics of millennial workers.
Total CEO Says Oil Chiefs to Meet Next Week on Climate, Carbon Pricing
Wednesday, October 07, 2015 Total Chief Executive Patrick Pouyanne says eight global oil firms will meet in Paris next week to discuss climate change and carbon pricing.
PETRONAS' First Female Drilling Supervisor Settles in Trailblazing Role
Tuesday, October 06, 2015 Penny Chan is proof that female employees in Malaysia's PETRONAS can take on challenging roles in a male-dominated offshore oil and gas sector when the opportunity arises.
Saudi Aramco Said to Hire Deutsche Bank for CNPC Deal Talks
Tuesday, October 06, 2015 Saudi Aramco hires Deutsche Bank to advise on the potential acquisition of some marketing, retail and refining assets from CNPC, according to people with knowledge of the matter.
Russia, Saudi Energy Ministers Discussed Oil Demand, Production, Shale
Tuesday, October 06, 2015 Russia and Saudi Arabia agree to continue consultations, exchanging views on demand, production and shale oil, Russian Energy Minister Alexander Novak tells reporters.
OPEC Sec-Gen Sees Oil Market Improving, Low Price Will Not Persist
Tuesday, October 06, 2015 OPEC sees the oil market improving because of higher demand for the group's crude and a drop in supply growth from non-members, its secretary-general says.
Oil Jumps $2, Breaking Range As Supply Seen Ebbing
Tuesday, October 06, 2015 Oil prices jump more than $2 a barrel, breaking out of a month-long trading range.
US Oil Production On Brink Of 'Dramatic' Decline, Exec Says
Tuesday, October 06, 2015 Oil executives warn of a "dramatic" decline in US production that could pave the way for a future spike in prices if fuel demand increases.
US EIA Sees Tighter 2016 Oil Market As Demand Accelerates
Tuesday, October 06, 2015 Global oil demand will grow by the most in 6 years in 2016 while non-OPEC supply stalls, according to a monthly US energy report that suggests a surplus of crude is easing more quickly than expected.
Crude Up Over 2% As Gasoline Jumps, Russia Mulls Oil Talks
Monday, October 05, 2015 Crude oil prices settle up more than 2%, bolstered by a rally in US gasoline and Russia's willingness to meet other major oil producers to discuss the market.
US Says BP To Pay $20B In Fines For 2010 Oil Spill
Monday, October 05, 2015 BP will pay more than $20 billion in fines to resolve nearly all claims from its Gulf of Mexico oil spill 5 years ago.
Energy Importer India Apprehensive About Higher Oil Prices
Monday, October 05, 2015 India is apprehensive about potential rise in oil prices due to the record reduction in upstream investment, a development cited by the head of the International Energy Agency recently.
Q&A: Why CEB Resources is Focusing on Indonesia
Monday, October 05, 2015 Rigzone talks to newly appointed CEB Resources CEO David Whitby, who explains the company's recent shift in focus to the Indonesian oil and gas sector.
Moody's: Alaska To Be Hit By Shell's Decision To Halt Oil Exploration
Monday, October 05, 2015 Shell's decision last week to walk away from its $7 billion drilling effort in the Alaska Arctic could have a negative impact on the state's already struggling economy, according to Moody's.
Suncor Makes Unsolicited $3.3 Billion Bid for Canadian Oil
Monday, October 05, 2015 Suncor Energy makes an unsolicited offer to buy Canadian Oil Sands Ltd. for about C$4.3 billion ($3.3 billion), taking advantage of plunging crude prices to seek to add production in Alberta.
UAE Won't Let Falling Oil Prices Disrupt Energy Investments
Monday, October 05, 2015 The United Arab Emirates, the fourth-biggest OPEC producer, is sticking with investment projects to boost energy output even after the plunge in oil prices in the past year.
Naimi: Saudi Arabia To Keep Up Energy Spending Despite Oil Drop
Friday, October 02, 2015 Saudi Arabia is continuing with its investments in the oil and gas industry as well as solar energy despite the current drop in oil prices, the kingdom's oil minister was quoted saying.
Somali Government Rejects Proposed UN Moratorium on Oil Deals
Friday, October 02, 2015 Somalia opposes a moratorium on oil deals that's being discussed at the United Nations as a way of stabilizing one of the world's most fragile states, Finance Minister Mohamed Adan says.
Jim Rogers Says Oil Ignoring Bad News Usually Means Rebound Near
Friday, October 02, 2015 Oil is holding near $45 while the bad news keeps coming. For investor Jim Rogers, that's usually a sign a rebound is near.
As China Gas Boom Falters, State Giants Grapple with Wave of Imports
Friday, October 02, 2015 China's energy giants are being forced to sell a glut of the fuel to buyers in other countries as soaring demand grinds to a halt.
Mining Jobs Decline by 10,300 in September
Friday, October 02, 2015 Jobs in oil and gas declined again for the month of September, according to the most recent US jobs report.
Oil Drillers Bet Choking Wells Will Keep Shale From Going Bust
Friday, October 02, 2015 Encana and others envision a future with a more stable flow from wells, so that they don't always have to keep drilling simply to maintain output.
Deloitte: UK Oil, Gas Firms Not Maximizing UKCS Value
Friday, October 02, 2015 UK oil and gas firms are not maximizing the potential value from the UK Continental Shelf due to a lack of effective supply chain collaboration, according to a survey from Deloitte LLP.
Baker Hughes: US Oil Drillers Cut Rigs For 5th Week
Friday, October 02, 2015 US energy firms cut 26 oil rigs in the latest week, the biggest reduction since April and the fifth straight weekly decline, data shows.
Senate Panel Passes Bill To Lift US Oil Export Ban, Future Uncertain
Thursday, October 01, 2015 A bill to lift the 40-year-old ban on US oil exports passes the Senate banking committee.
How Israel Turned A Gas Bonanza Into An Antitrust Headache
Thursday, October 01, 2015 Five years later, poor policymaking, political infighting and a battle between PM Netanyahu and the antitrust commissioner over a lack of competition mean Leviathan remains undeveloped.
Compensation Survey Finds Midstream Remains a Good Place to Be
Thursday, October 01, 2015 Most midstream firms surveyed continue to take steps to retain managers and employees.
Oil Down As US Storm Worries Fade, Snuffing Early Rally
Thursday, October 01, 2015 Oil prices fall more than 1% as the government's storm monitor alters forecasts for the path of the latest US hurricane.
America's Oil Output Refuses to Collapse. Here's One Reason Why.
Thursday, October 01, 2015 Somewhere amid the maze of wells that Murphy Oil Corp. has scattered across Texas' sprawling Eagle Ford shale formatio, Brett Pennington is carrying out a little experiment.
Energy Companies In New York Prepare For Hurricane Joaquin
Thursday, October 01, 2015 US energy companies prepare for the arrival of Hurricane Joaquin in the New York area, as forecasts suggested the storm would head up the US East Coast.
Recent Crash in O&G Projects Not Surprising, Industry Expert Says
Thursday, October 01, 2015 Warning signs were apparent that oil and gas project costs were escalating, but industry failed to take action, says an industry expert at the SPE ATCE 2015 conference.
Oil Mixed On US Crude Build, Syria; Down 24% On Quarter
Wednesday, September 30, 2015 Oil prices end mixed in volatile trade, with global benchmark Brent up on worries about Russian airstrikes in Syria and US crude down after data showing a surge in domestic inventories.
Survey: OPEC Oil Output Rises In September, Led By Iraq
Wednesday, September 30, 2015 OPEC oil output has risen in September from the month before, a Reuters survey found.
Mexico Gets Stronger Demand In Second Oil Auction, Eni Among Winners
Wednesday, September 30, 2015 Mexico awards 3 out of 5 production-sharing contracts in the second phase of its historic oil sector opening, comfortably beating the disappointing results of the first phase.
Iran's Cabinet Approves New Draft Oil And Gas Contracts
Wednesday, September 30, 2015 Iran's cabinet has approved a draft of international oil and gas contracts meant to attract foreign investors and oil buyers once sanctions are lifted, the Oil Ministry's Shana news agency reports.
Wyoming Court Issues Injunction Against Fracking Rules For Public Lands
Wednesday, September 30, 2015 A Wyoming judge grants preliminary injunction against the federal government's regulations for hydraulic fracturing on public lands.
Industry Needs Better Understanding of Cost-Cutting Consequences
Wednesday, September 30, 2015 The oil and gas industry needs to measure and understand the long-term consequences of cost-cutting, industry officials said at the SPE ATCE 2015 Conference.
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