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News Categories: Industry Headlines News

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Industry Group: Brazil 'Falling Off World Oil Map' Over Failed Policies
Tuesday, September 16, 2014 Investors are losing interest in Brazil's oil industry as the country's energy policies raise costs, reduce efficiency and increase risk, Brazil's oil industry association, the IBP, says.

New Alberta Premier Picks Legislator Oberle As Energy Minister
Monday, September 15, 2014 Jim Prentice appoints Frank Oberle as energy minister, a key portfolio in the province that is the largest source of US oil imports.

Brazil To Hold Oil Rights Auction In First Half Of 2015
Monday, September 15, 2014 Brazil will hold the 13th round of its oil rights auctions in the first half of next year, a senior mines and energy ministry official says.

Study: Leaky Wells, Not Fracking, Taint Water
Monday, September 15, 2014 A new study says that the drilling procedure called fracking didn't cause much-publicized cases of tainted water, blaming contamination on leaky natural gas wells instead.

Oil Hits 2-Year Low; Dollar Rises Ahead Of Fed
Monday, September 15, 2014 Brent crude falls below $97 per barrel, its lowest level in more than two years, as weak Chinese economic data cuts the prospect for demand at a time of abundant supply.


  



Russia's Energy Minister To Meet OPEC As Oil Price Falls More
Monday, September 15, 2014 Russian Energy Minister Alexander Novak will meet OPEC officials in Vienna, his spokeswoman says, as oil's price fall piles pressure on Moscow's budget.

Keystone XL Pipeline's Cost In South Dakota More Than Doubles
Monday, September 15, 2014 The cost of the South Dakota portion of TransCanada's Keystone XL pipeline has more than doubled to $1.974B in the last four years the project has awaited federal approval, the company says.

Scotland 'Yes' Vote Would Trigger Dispute Over Old Oil Rigs
Friday, September 12, 2014 Scotland will ask Britain to help finance the cost of removing old North Sea rigs and pipelines even if it votes for independence and gains most of the oil revenues.

Inside GE's New Technology Solutions Center
Friday, September 12, 2014 Rigzone takes a tour around GE's New Technology Solutions Center in Stavanger, Norway.

N.D. Oil Output Jumps Even As Flaring Rule Changes Loom
Friday, September 12, 2014 North Dakota's daily oil production jumped 5% in July to an all-time high, state regulators say.

Oil Drops As Ample Supply Overtakes Demand
Friday, September 12, 2014 Crude oil prices fall on pressure from weak demand, ample supplies and a strong dollar.

Douglas Westwood, Canary Provide Views on Asia Pacific Oil, Gas Industry
Friday, September 12, 2014 Douglas Westwood's chairman and Canary's CEO provide their views on Asia Pacific oil and gas industry to the organizer of the OSEA2014 conference.

US Steps Up Sanctions On Russia Over Ukraine
Friday, September 12, 2014 The US hit Russia's largest bank, a major arms maker and arctic, deepwater and shale exploration by its biggest oil companies with new sanctions to punish Moscow for intervening in Ukraine.

Eni Chief Under Investigation By Prosecutors Over Nigerian Oil Deal
Thursday, September 11, 2014 Eni chief Claudio Descalzi has been placed under investigation over alleged corruption relating to a big Nigerian oil deal.


IEA: US Shale Squeezing Out Saudi Oil Imports, Boosting Gasoline Exports
Thursday, September 11, 2014 North America's shale oil boom has started to squeeze Saudi Arabian oil out of the US market in the same way it did with West African crude, IEA says.

China's CBM Sector Gets Lift from Higher Energy Use, Clean Air Drive
Thursday, September 11, 2014 Sustained rise in domestic energy demand and a government drive to curb air pollution have provided a boost to China's coalbed methane industry.

UK Onshore Industry Disappointed by South Downs Ruling
Thursday, September 11, 2014 The UK onshore oil and gas sector said it finds a decision to turn down an application to carry out exploration near the village of Fernhurst in southeast England 'regrettable'.

BP, Shell Urge Scotland to Vote against Independence
Thursday, September 11, 2014 With a week to go before Scotland's independence referendum, BP and Shell come out in support of Sir Ian Wood's view that the Scottish people are being misled by the Yes campaign.

Saudi Reports Oil Cutback As OPEC Again Cuts Demand View
Wednesday, September 10, 2014 Saudi Arabia tells OPEC it reduced its oil output in August by 400,000 bpd, a cutback coinciding with a drop in oil prices towards the kingdom's preferred level of $100 a barrel.

Poland's PGNiG Says Sees Lower Gas Supplies from Gazprom
Wednesday, September 10, 2014 PGNiG says that it is seeing reduced gas supplies from Russia's Gazprom and is trying to clarify the reason why.

Execs: Offshore Oil Drilling Market To Suffer Through 2015
Wednesday, September 10, 2014 A sluggish offshore drilling market could deteriorate further next year due to weak demand and a flood of new vessels, even though a few places such as Mexico and Brazil remain promising for exploration.

Brazil Says Oil Output To More Than Double In 10-Year Plan
Wednesday, September 10, 2014 Brazil will more than double oil and gas production to 5 million bpd by 2023, with the bulk of investments over the next 10 years going to exploration and production, the government says.

WSJ: China Deploys Troops to UN Force to Protect South Sudan Oilfields
Wednesday, September 10, 2014 China is deploying 700 soldiers to a United Nations peacekeeping force in South Sudan to protect oil fields and Chinese workers amid a rebellion in the African country, The Wall Street Journal reports.

Musings: Can You Trust The Financial Data Used To Analyze Energy?
Wednesday, September 10, 2014 G. Allen Brooks takes a closer look at the data used in a recent article claiming shale E&P companies will be generating free cash flow next year.

US, EU Ready New Sanctions To Stop Oil Exploration In Russia
Wednesday, September 10, 2014 The United States and European Union plan to stop billions of dollars in oil exploration in Russia by the world's largest energy companies including ExxonMobil and BP, US government sources say.

Oil Falls On Supply Growth, US Crude Drops To 16-Month Low
Wednesday, September 10, 2014 US crude futures fall to a 16-month low and Brent to a 17-month low on rising supply and tepid demand.

Musings: After Hiatus, Keystone XL Pipeline Battle Resumed Friday
Tuesday, September 09, 2014 In light of the number of high State Department proponents of Keystone who have departed this year, G. Allen Brooks examines the issues which could change the dynamics of the approval process.

New Iraq Oil Minister Faces Security Challenge, Kurdish Dispute
Tuesday, September 09, 2014 Iraq's new oil minister is a veteran politician who will need to deploy all his experience to resolve disputes over Kurdish oil production and allay foreign investor fears.

Brent Oil Falls Below $100 To 17-Month Low As Supply Weighs
Tuesday, September 09, 2014 Brent crude oil prices fall to a 17-month low below $100 per barrel in volatile trade.

Interview with Shell's Ben van Beurden: A Sharper Focus On The Bottom Line
Tuesday, September 09, 2014 After just a few months in the job, Shell CEO Ben van Beurden reveals what it's like to head up one of the world's biggest companies.

Petrobras Investigates Kickback Allegations, Seeks Testimony
Tuesday, September 09, 2014 Petrobras is seeking testimony from a jailed former director as part of an internal inquiry into allegations of a vast kickback scheme involving dozens of high-profile lawmakers.

Rosneft Struggles To Grow As Sanctions Hit Russia's Oil Champion
Tuesday, September 09, 2014 Rosneft cuts staff and production, while selling stakes in its Siberian fields, amid Western sanctions.

US Boosts 2015 Oil Forecast As Shale Powers Push To 10 MMbpd
Tuesday, September 09, 2014 The US government jacked up its forecast for oil production next year by 250,000 barrels per day as the boom in shale oil drilling continues to confound expectations of slower growth.

Russia's PM Signals $40B State Help for Rosneft Possible
Monday, September 08, 2014 Russian PM Dmitry Medvedev says Rosneft may receive more than $40 billion for the state to help services its debt.

Offshore Block A Provides Buzz to Cambodia's Petroleum Industry
Monday, September 08, 2014 A tinge of optimism has returned to Cambodia's petroleum industry amid recent developments at its sole commercial oil discovery offshore Block A.

Brent Crude Hits 16-Month Low Below $100 On Weak Data
Monday, September 08, 2014 Brent crude fall below $100 a barrel, the first time in 16 months, before returning to close in three-digit territory.

More Oilfield Staff Return to Work in Iraqi Kurdistan
Monday, September 08, 2014 Genel Energy becomes the latest company operating in the Kurdistan region of Iraq to report that it is returning staffing levels to normal after recent violence in the area.

Tanzania Tax Body Shelves Plans To Review Mining, Gas Contracts
Monday, September 08, 2014 Tanzania's tax authority has scrapped plans to review mining and gas contracts, after its announcement of the move last week rattled investors.

Diplomat: EU Puts Top Russian Oil Companies on Sanctions List
Monday, September 08, 2014 The European Union puts Russia's Rosneft, Transneft and Gazprom Neft on its list of Russian state-owned firms that will not be allowed to raise capital or borrow on European markets, says a diplomat.

UK Government Lends Hand to BP in US Gulf Oil Spill Rulings
Monday, September 08, 2014 The UK government urges the US Supreme Court to review rulings against BP over the 2010 Gulf of Mexico oil spill.

Petrobras Scandal Shakes up Brazil Presidential Race
Sunday, September 07, 2014 Jailed former Petrobras director names dozens of politicians who allegedly received kickbacks off the company's contracts.

Oil Falls As Weak US Jobs Data Adds To Demand Worries
Friday, September 05, 2014 Crude oil futures fall and end the week more than 2% lower as disappointing jobs data from the United States cast doubt about the strength of economic growth.

Combating The Global Skills Crisis
Friday, September 05, 2014 Andrew Speers discusses why the oil and gas sector needs to target transferable skills with sideways recruitment, and where it should ago on the hunt.

Rosneft, Petrovietnam To Jointly Work On Shelf Blocks In Pechora Sea
Friday, September 05, 2014 Rosneft has agreed to set up a joint venture with Petrovietnam to develop two shelf blocks in the Pechora Sea in the Arctic off northwest Russia.

Nebraska Court Hears Questions About Keystone XL Pipeline Plan
Friday, September 05, 2014 Nebraska's Supreme Court hears arguments about whether Governor Dave Heineman acted properly when he blessed a route for the Keystone XL oil pipeline.

SD School of Mines Uses Shale Plays to Advance Research, Teach Students
Friday, September 05, 2014 Students in the shale research program at the South Dakota School of Mines & Technology are studying the program's first core samples.

Challenges of the Internet of Things
Friday, September 05, 2014 The implementation of Internet of Things technology in oil and gas can bring benefits, but will bring challenges as well.

Transocean Welcomes Court Ruling on 2010 US Oil Spill
Friday, September 05, 2014 Transocean says a US court ruling eliminates its financial risk for the underwater portion of a 2010 oil spill in the Gulf of Mexico after the judge found BP grossly negligent.

In Keystone Pipeline Debate, Nebraska High Court Will Have Sway
Thursday, September 04, 2014 Nebraska's top court is set to hear arguments about how the Keystone XL pipeline might cross the state.

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