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In New Blow, Chevron's Gorgon Faces Struggle To Offload Test LNG
Tuesday, July 07, 2015 Chevron's $54B Gorgon LNG project may be forced to dump chunks of its early production onto an already saturated global spot market.

Kemp: Data Availability Bias in the Oil Market
Tuesday, July 07, 2015 Accurate information is essential for good decision making, so it is remarkable how little reliable and timely data exists about production and consumption of oil outside the US.

Refracking Fever Sweeps Across Shale Industry After Oil Collapse
Tuesday, July 07, 2015 For an industry hammered by a 50% drop in crude prices over the past year, refracking may provide a much needed sense of hope.

ExxonMobil Selling Cook Inlet Assets, Remains Committed to Alaska
Tuesday, July 07, 2015 ExxonMobil's subsidiary XTO Energy sells Cook Inlet production assets to Hilcorp for undisclosed price.

Shell's Ice Management Vessel Damaged In Alaska
Tuesday, July 07, 2015 Shell's icebreaker vessel Fennica returned to the Dutch Harbor in Alaska with a small breech in the hull, raising concerns about the company's plan to resume drilling in the Arctic later this month.


  


OPEC Beware: West Africa Could Lead The World's Next Production Boom
Tuesday, July 07, 2015 The right technology and tolerance for risk could make West Africa the next "North Sea," possibly offsetting the balance of the world's production hub.

US Crude Resumes Fall As Investors Seek Safe Havens
Tuesday, July 07, 2015 US crude oil prices fall for a second straight day as worries about Greece and China's stock market losses spark an investor flight to safe havens.

Douglas-Westwood: 'Brazil - In Deep Trouble'
Monday, July 06, 2015 Dougals-Westwood comments on "Brazil - In Deep Trouble" in its latest edition.

LINN Exits Permian with $281M Deal, Completes Strategic Funding Initiatives
Monday, July 06, 2015 LINN Energy exits the Permian Basin and seals deals with private capital to fund acquisitions and development.

Oil Crashes 8% As Greek Vote, Iran Talks Set Off Exodus
Monday, July 06, 2015 Oil prices suffer their biggest selloff in 5 months, falling as much as 8 percent.

Soaring Gas Use Lifts Demand for Regas Infrastructure in Southeast Asia
Monday, July 06, 2015 Rising gas needs encourage Southeast Asia countries to boost development of regasification facilities to supplement production from aged fields in the region.

Technip Plans 6,000 Layoffs as Part of Restructuring Efforts
Monday, July 06, 2015 Technip announces it will reduce its global workforce by 6,000 as part of its restructuring efforts due to the industry downturn.

Norway Baffles Analysts by Ceding 15 Million Barrels of Oil
Monday, July 06, 2015 The move to cut Det Norske's stake was surprising since it could have approved the initial deal, said Kjetil Bakken, an analyst at Carnegie.

Supercomputing Needs in Oil, Gas Industry to Keep Growing
Monday, July 06, 2015 The oil and gas industry continues to ramp up its supercomputing capabilities as it explores for oil and gas in complex frontier basins and seeks to enhance production recovery.

Velocys Suspends CEO for Alleged Misconduct
Monday, July 06, 2015 Velocys will investigate CEO Roy Lipski over allegations of serious misconduct.

Rise of Crude-by-Rail May Best Be Viewed in the Rearview Mirror
Friday, July 03, 2015 Permitting woes plague Canadian railroads, which may give pipelines time to catch up to crude production.

Oil Drops on Rising U.S. Rig Count
Friday, July 03, 2015 Oil prices fall as a rising US rig count stokes fears of global oversupply.

Kinetic Mesh Offers Stable Wireless Network in Changing Environments
Friday, July 03, 2015 Kinetic mesh technology can create a "living" private wireless communication network, an official with Rajant Corporation tells Rigzone.

Is Joint Development an Option as Tensions Mount in South China Sea?
Friday, July 03, 2015 As China's land reclamation activities in the South China Sea aggravate tensions, joint resource development has been mooted to cool rising temperatures in the regional territorial spat.

Oil Oversupply Meets Rising Demand in Quietest Market Since 2013
Friday, July 03, 2015 The sleepiest oil market since 2013 will probably limp through the second half of the year as well.

Oil Flat As US Rig Count Rise Cools Gains, Gasoline Jumps
Thursday, July 02, 2015 Crude oil prices end little changed as the first weekly gain in the US rig count this year pared earlier gains.

BP Reaches $18.7 Billion Settlement Over Deadly 2010 Spill
Thursday, July 02, 2015 BP will pay a record $18.7 billion in penalties to the US government and 5 states along the Gulf of Mexico related to the 2010 oil spill.

US Jobs Report: Mining Jobs Down; Modest Gains in Engineering Services
Thursday, July 02, 2015 June's jobs report shows a decline in mining jobs and modest gains in engineering services.

Tough Contract Rescission Clauses Could Blunt Mexican Oil Opening
Thursday, July 02, 2015 Mexico's historic oil opening later this month could be undermined by company fears the government will have too much discretionary power to repeal contracts over industrial accidents and other failings.

Shale Drillers Lose Most-Precious Asset - the $90 Hedge
Thursday, July 02, 2015 The insurance that producers bought before the collapse in oil - much of which guaranteed minimum prices of $90 a barrel or more - is expiring.

USGS Study Highlights Water Usage in Hydraulic Fracturing
Thursday, July 02, 2015 USGS releases first nationwide map of water usage for hydraulic fracturing.

Rig Trends: Eastern Canada Rig Market Changing
Thursday, July 02, 2015 With operations moving into deeper waters and more harsh environments, the list of suitable rigs for Eastern Canada is shrinking.

Top Social Media Dos and Don'ts When Looking for a Job
Wednesday, July 01, 2015 Rigzone shares best practices for job candidates on maintaining their social media channels while seeking employment.

Bankruptcy and More Layoffs Could Threaten Industry Even After Downturn
Wednesday, July 01, 2015 Experts consider the long-term toil that bankruptcy and the inevitable layoffs take on the oil and gas industry.

Kemp: Oil Prices Settle Into New Equilibrium
Wednesday, July 01, 2015 Benchmark crude oil prices have barely moved for more than two months, implying the market has found a temporary equilibrium after the enormous price shock in the second half of 2014 and early 2015.

Iran Faces Slow Road Back to Oil Market Even With Nuclear Deal
Wednesday, July 01, 2015 As Iran nears a deal to ease oil sanctions after almost two years of talks, selling more crude remains a long way off.

Shell Goes Ahead with Giant Gulf of Mexico Field After Cost Cuts
Wednesday, July 01, 2015 Shell gives the green light for the development of the Appomattox deepwater oil and gas field in the Gulf of Mexico, set to be the energy giant's largest floating platform in the region.

Uganda Shortlists 17 Firms For Bidding On Exploration Blocks
Wednesday, July 01, 2015 The Ugandan government has shortlisted 17 oil companies to bid for six exploration blocks in the east African nation, which has found commercial quantities of oil and aims to pump crude in 2018.

WTI-Brent Spread Hits 3-Wk High After Surprise US Oil Stock Build
Wednesday, July 01, 2015 US crude oil futures' discount to Brent, one of the biggest plays in oil, widened to more than $5 a barrel for the first time in 3 weeks.

US Appeals Court: Ex-BP Engineer Deserves New Gulf Spill Trial
Tuesday, June 30, 2015 A former BP engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled.

Israel Plans to Let Noble, Delek Keep Control of Leviathan Gas Field
Tuesday, June 30, 2015 Israel's Energy Ministry unveils a plan for the country's natural gas sector that would leave the largest offshore project, Leviathan, in the control of the Noble/Delek consortium.

Germany Postpones Vote on Fracking Law amid Coalition Row over Details
Tuesday, June 30, 2015 Germany delays a parliamentary vote on new rules for the disputed technique of fracking for shale gas after coalition parties fail to agree on final details.

Rig Rout Puts Smaller Drillers in Front as Oil Majors Scale Back
Tuesday, June 30, 2015 Crude oil's plunge is leaving drilling rigs idle from Africa to Latin America as the world's biggest energy companies curtail spending and stall projects.

Oil Bounces Off 3-Week Lows As Greek Debt Default Looms
Tuesday, June 30, 2015 Oil prices end higher as it rebounds from 3-week lows with US refined fuel trading leading the rally on bets for strong summer demand.

Lessons from ATP Bankruptcy There for Those Who Listen
Tuesday, June 30, 2015 Oil and gas transactions lawyers share ways to remain solvent during tough economic times.

EU Offshore Safety Regulations: Guidance on New Rules
Tuesday, June 30, 2015 With new EU offshore safety regulations due to come into force July 19, Rigzone offers tips and guidance for companies on how to deal with the new rules.

Petrobras Slashes Capex In Bid To Cut Debt, Restore Confidence
Monday, June 29, 2015 Petrobras slashes its long-term spending plan to the lowest level in 8 years as new management moves to reduce the industry's largest debt burden and pull the company out of a giant corruption scandal.

New York Formalizes Ban On Fracking, Ending 7-Year Review
Monday, June 29, 2015 New York formalizes its ban on high-volume hydraulic fracturing for natural gas after a 7-year environmental and health review.

Cuadrilla Suffers Further Setback as Fracking Application Rejected
Monday, June 29, 2015 Cuadrilla Resources suffers another setback to its plans to frack for shale gas in northwest England after local authority rejects another application to drill in Lancashire.

On The Brink: Upstream Companies Increasingly Vulnerable To Collapse
Monday, June 29, 2015 Extended period of downturn in oil prices stretches energy finances to the point only the strongest may survive.

Oil Hits 3-Week Lows As Greek Crisis Worsens; Eyes On Iran
Monday, June 29, 2015 Crude futures hit 3-week lows as Greece shut its banks and imposes capital controls, causing widespread risk aversion.

UK Says Argentine Plan to Seize Falklands Oil Driller Assets 'Unlawful'
Monday, June 29, 2015 The UK government says any attempt by Argentina to seize assets of oil drillers operating in the Falkland Islands would be unlawful after an Argentine judge's order is made against six firms.

BP, Anadarko Rejected by Top US Court on Gulf Spill Fines
Monday, June 29, 2015 The US Supreme Court rejected appeals from BP and Anadarko and left intact a ruling that opens the companies to potentially billions of dollars in fines for the 2010 Gulf of Mexico oil spill.

Wintershall Calls for Better German Oil, Gas Regulation
Monday, June 29, 2015 Wintershall warns of job losses in Germany's oil and gas industry as it calls for a proportionate regulatory framework for the sector in the country.

Minister: Argentina Will Pursue Judge Order on Falklands Drillers
Sunday, June 28, 2015 Argentina will pursue in Britain and the US a local judge's order to seize assets of oil drillers operating in the disputed Falklands Islands, the foreign minister says in an interview with local media.

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