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Brazil Comptroller Probes Five More Contractors In Petrobras Scandal
Wednesday, April 01, 2015 Brazil's office of the comptroller general says it added another 5 construction and engineering firms to an investigation of contractors that allegedly participated in a corruption ring at Petrobras.
Germany Sets Very High Bar For Fracking
Wednesday, April 01, 2015 German Chancellor Angela Merkel's cabinet signs off on a draft law that imposes an effective ban on fracking.
BP Faces Investor Discontent Over CEO Dudley's 2014 Pay
Wednesday, April 01, 2015 Two leading consultants have urged BP shareholders to vote against CEO Dudley's $12.7 million 2014 pay, saying it was not in line with the energy major's poor performance.
The Oil, Gas Guide to Networking: Young Professionals
Tuesday, March 31, 2015 Rigzone speaks with Matt Gelotti, director of Young Professionals in Energy - Houston Chapter, who offers advice to young professionals networking in oil and gas.
Oil Extends Losses On Iran Talks; Brent Ends March Down 12%
Tuesday, March 31, 2015 Oil falls for a third straight session, with Brent crude tumbling 12% for the month.
Indonesia to Fill Top Posts in Ministry of Energy & Mineral Resources Soon
Tuesday, March 31, 2015 Indonesia's Ministry of Energy and Mineral Resources shortlists 15 candidates for President Joko Widido to select for its top five posts, including director general of oil and gas.
Bank Of Montreal CEO Sees M&A Upside From Oil Price Slump
Tuesday, March 31, 2015 Battered oil prices are expected to spur mergers and acquisitions in the energy sector and drive advisory fees for the Bank of Montreal, Chief Executive William Downe says.
Govt: Conoco To Push On With Investment In Indonesia Oil, Gas
Tuesday, March 31, 2015 ConocoPhillips plans to invest around $2.5 billion in Indonesia's upstream oil and gas industry over the next 3 or 4 years, the nation's energy minister says.
US Approval Moves Shell A Step Closer To Arctic Drilling
Tuesday, March 31, 2015 The US Interior Department upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Shell a step closer to returning to oil and gas exploration in the Arctic.
Proposed Arctic Drilling Regulations Aim to Protect with Costly Price Tags
Monday, March 30, 2015 A list of regulations proposed by the US Department of the Interior for Arctic drilling could make exploration financially out of reach
Russell: Who Took My Gas? Australia's LNG Boom Hurts Locals
Monday, March 30, 2015 It's somewhat ironic that as Australia ramps up to being the world's biggest exporter of liquefied natural gas, domestic industries are under threat from not being able to source the fuel.
Oil Down As Iran Races For Tuesday Deadline On Nuclear Deal
Monday, March 30, 2015 Oil settles down for a second straight session as Iran and six world powers try to negotiate a deal on Tehran's nuclear program that could end Western sanctions.
In Texas Oil Town, Early Signs Of Economic Strain As Drilling Slows
Monday, March 30, 2015 Sales tax receipts in the thriving oil town of Midland, Texas, fell this month, only the second decline in five years.
Total Evacuated Expatriate Staff from Yemen Sites
Monday, March 30, 2015 Total says it had evacuated all expatriate staff from Saana and Kharir in Yemen, although the sites have not been hit by an overnight military raid by Saudi-led forces against Houthi forces.
Shell Moves Rigs To Alaska Ahead Of Possible Drilling Permit
Friday, March 27, 2015 Shell is moving oil rigs to Alaska ahead of the possible resumption of controversial drilling activities as the oil major awaits the green light from US authorities.
Oil Dives 5% As Worries About Iran Talks Trump Yemen
Friday, March 27, 2015 Oil tumbles 5%, erasing the previous session's gains, as Yemen's conflict looks less likely to disrupt Middle East crude shipments.
Congress Takes On Energy Issues
Friday, March 27, 2015 Federal energy policy in the US took a turn to the right last week as the House passed a budget bill, the EPA and the Department of Interior got sued, and the Senate went on a marathon voting session.
Advanced Drillships Become Burden For Owners As Business Dries Up
Friday, March 27, 2015 Drillship operators face a more brutal hit to margins than they did in 2008 because of the huge cost of maintaining the more than $10B worth of state-of-the-art vessels, analysts say.
Offshore to Office: Transitioning from a Rig to Office in Oil, Gas
Friday, March 27, 2015 Industry veterans and experts offer tips and advice for offshore workers who are considering transitioning from working on a rig to working in an office.
Brazil Govt Names Vale CEO Ferreira To Head Petrobras Board
Friday, March 27, 2015 Brazil's government selects Murilo Ferreira, the chief executive officer of miner Vale, to head the board of state-run Petroleo Brasileiro.
Baker Hughes: US Oil Rig Decline Smallest Since December
Friday, March 27, 2015 The number of rigs drilling for oil in the US declined by 12 this week to 813, the smallest decline since December, according to Baker Hughes.
Unions: UK North Sea Workers Give 'Overwhelming' Support For Strike
Friday, March 27, 2015 Trade unions Unite and GMB say members working offshore in Britain's oil and gas industry showed overwhelming support for industrial action in a consultative ballot.
Cyprus Draws Norway Parallel After Latest Gas Quest Failure
Thursday, March 26, 2015 Cyprus' president sought to draw a parallel with oil-rich Norway after the latest failure in the Mediterranean island nation's quest for gas.
Mexico's First Oil Tender to Feature Extended Exploration Period
Thursday, March 26, 2015 As Mexico opens up its oil sector to private producers for the first time in decades, the initial set of contracts up for grabs later this year will feature extended exploration periods.
Sensor Technology Allows Better Visibility in Tracking Fluids
Thursday, March 26, 2015 A sensor technology allows oil and gas operators to better understand the movement of oil and water in reservoirs.
Oil Up 5% After Saudi Strikes In Yemen; Dollar Limits Gains
Thursday, March 26, 2015 Oil jumps about 5%, rallying a second straight day, after air strikes in Yemen by Saudi Arabia and its Gulf Arab allies spark fears of a bigger Middle East battle.
Canada's New Brunswick Province Bans Fracking, Plans Study
Thursday, March 26, 2015 Lawmakers in New Brunswick voted to prohibit fracking in the eastern Canadian province, committing to study the method for one year before reconsidering the ban in 2016.
Slow Start For LatAm Despite Oil Price Jump
Thursday, March 26, 2015 Latin American credits were off to a lackluster start despite an uptick in crude prices, with names largely drifting lower amid a softer tone in the broader market.
Norway's Industrial Workers Reach Last Minute Wage Deal
Thursday, March 26, 2015 Norwegian manufacturing workers reached a last minute wage deal with employers on Thursday, averting mediation and a possible strike, the LO and NHO say.
Oil Council: Shale Won't Last, Arctic Drilling Needed Now
Thursday, March 26, 2015 In order for the US to keep domestic production high and imports low, oil companies should start probing the Artic now, an Energy Department advisory council says in study.
Oil Up 3% On Weak Dollar, Speculative Buying, Yemen
Wednesday, March 25, 2015 Oil settles up about 3% as a weak dollar, fighting in Yemen and speculative buying boost crude prices.
Wood Mac: Demise of Unconventional Oil 'Exaggerated'
Wednesday, March 25, 2015 The economics of Lower 48 oil projects remain robust in spite of lower oil prices, Wood Mackenzie reports.
Energy-Focused Agent Sees Patience, Caution in Houston's Real Estate Market
Wednesday, March 25, 2015 For many who work in the oil and gas industry, relocation is a given.
Rigzone-TRG Survey Finds Strong Industry Loyalty Among APAC O&G Employees
Wednesday, March 25, 2015 A recent survey finds Asia Pacific oil and gas professionals staying loyal to the industry although there were dissatisfaction with the current benefit packages.
As Oil Prices Slide, North Dakota Sees Manufacturing In Its Future
Wednesday, March 25, 2015 Business and community leaders in North Dakota's western oil patch launch an aggressive campaign to convince more manufacturers to set up shop locally.
Task Force: Britain Needs New Regulator For Shale Gas Industry To Take Off
Wednesday, March 25, 2015 Britain needs a new regulator for onshore underground energy and shale gas companies must engage with local communities more effectively before a UK shale gas industry can be developed.
North Dakota Oil Rig Count Drops Below 100
Wednesday, March 25, 2015 The number of drill rigs in western North Dakota's oil patch slips below 100 for the first time in 5 years.
Schlumberger Pleads Guilty To Violating US Sanctions On Iran, Sudan
Wednesday, March 25, 2015 The US Justice Department says that a subsidiary of Schlumberger Oilfield Holdings pleaded guilty to violating US sanctions related to Iran and Sudan and would pay a $237.2 million fine.
Brent Slides, US Crude Holds Flat On Resilient Dollar
Tuesday, March 24, 2015 Brent crude oil falls as the dollar regains its footing against the euro and fears of global oversupply persist.
Scotland, Australia: a Long-Held Partnership, but More to be Done
Tuesday, March 24, 2015 Neil McInnes, head of SE Asia and Australasia at Scottish Development International, gives an overview of the long partnership between Scotland and Australia, and the value it can deliver in the future.
Libya's State Oil Firm NOC Operating Independently, Says Rival Government
Tuesday, March 24, 2015 Libya's state oil firm NOC based in the Tripoli is operating independently, says a minister of a rival government of the North African that controls the capital city.
Alberta To Pick New Oil Marketers By End-May After Nexen Trading Shutdown
Tuesday, March 24, 2015 The Alberta government will decide before the end of May which companies will take over contracts to market the Canadian province's crude, a spokesman says.
Gulf OPEC Delegate: Global Demand To Help Oil Prices Despite US Glut
Tuesday, March 24, 2015 Stronger-than-expected global oil demand should help support crude prices at around $55-$60 a barrel in the next two months, a senior Gulf OPEC delegate says.
Woodside to Cut 300 Jobs, Freeze Pay to Battle Oil-Price Drop
Tuesday, March 24, 2015 Woodside says it would axe about 300 jobs this year and freeze all salaries as it continues to slash costs to cope with a sharp slump in oil prices.
Schlumberger Sees Prudence As New Normal For US Shale Oil
Monday, March 23, 2015 Prudence will be the new normal for the US shale oil industry, which has quickly abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger says.
Saudi Minister: OPEC Won't Bear Burden of Propping Up Oil Price
Monday, March 23, 2015 OPEC will not take sole responsibility for propping up the oil price, Saudi Arabia's oil minister says, signalling the world's top petroleum exporter is determined to ride out a market slump that has roughly halved prices since last June.
Clyde Russell: LNG's Move to Structural Surplus Mirrors Iron Ore, Coal
Monday, March 23, 2015 Is liquefied natural gas the next iron ore or coal, destined for an extended period of weak prices amid a shift from market deficit to structural oversupply?
US Drillers Scrambling To Thwart OPEC Threat
Monday, March 23, 2015 Companies are leaning on new techniques and technology to get more oil out of every well they drill, and furiously cutting costs in an effort to keep US oil competitive with much lower-costing oil.
Oil Rises More Than 1%, Boosted By Weaker Dollar
Monday, March 23, 2015 US crude futures settle more than 1% higher, boosted by a falling dollar that outweighed pressure on prices from a global supply glut.
Saudi Looking Beyond Oil Price Slump As Rig Count Spikes
Friday, March 20, 2015 As the global energy industry stares transfixed at a spectacular drop in US rigs, Saudi Arabia is ramping up the number of machines drilling for oil and gas despite a sharp fall in the price of crude.
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