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Struggling Oil Services Urged to Act as Capital Squeeze Looms
Friday, November 27, 2015 Oil service companies struggling with a slump in demand will need to act fast to bolster their balance sheets and make deals before capital becomes scarce, Norway's largest bank says.

Biggest Oil Buyers Pick Themselves as Winners From OPEC Meeting
Friday, November 27, 2015 Oil buyers in Asia are sure of one thing as OPEC prepares to meet: They'll emerge as winners from the group's rift over production.

European Oilfield Services: More Pain to Come before Sector Recovers
Friday, November 27, 2015 Rigzone takes a look at some of Europe's major oilfield services firms for clues about how the sector is coping with the downturn.

PetroChina's $2.4B Sale Mixes Profits With Overhaul
Thursday, November 26, 2015 PetroChina rises to a two-week high after announcing plans to sell pipeline stakes for as much as $2.4 billion as the nation’s biggest oil and gas producer seeks to meet year-end profit targets amid a drive to reform state-own enterprises.

Sustainable Gas: The Key to a Lower Carbon Future?
Thursday, November 26, 2015 Imperial College London's Sustainable Gas Institute is looking at exactly how natural gas can play a part in reducing Mankind's carbon emissions.


Made in the Marcellus Shale Play: Bill Emick, CEO - Appellation Pre-Fab
Thursday, November 26, 2015 Appellation Pre-Fab is a textbook case of how the Marcellus is breathing new like into private companies.

Ten People, Including Rosneft Workers, Killed in Helicopter Crash in Siberi
Thursday, November 26, 2015 Employees of Russian oil giant Rosneft are included among the victims of a helicopter crash in Siberia.

Survey: Confidence among North Sea Oil, Gas Contractors at All-Time Low
Thursday, November 26, 2015 Confidence among North Sea oil and gas contractors is at an all-time low, according to a new industry report.

The World's Millennial Energy Entrepreneurs
Thursday, November 26, 2015 Rigzone speaks with millennial energy entrepreneurs around the world about their companies, industry challenges and what motivates them to keep pushing forward.

Oil Steadies On US Rig Count Drop, Small Crude Build
Wednesday, November 25, 2015 Crude futures erase early losses to settle steady after a smaller-than-expected supply build in the United States.

Autumn Statement: Thin on Detail about Support for UK Oil, Gas
Wednesday, November 25, 2015 Chancellor of the Exchequer George Osborne says little about supporting the UK's offshore oil and gas sector in his Autumn Statement but confirms a new GBP 1 billion shale gas wealth fund.

Introducing the New OPEC Member That Likes Lower Oil Prices
Wednesday, November 25, 2015 After defending the interests of oil-exporting nations for 5 decades, OPEC has made a surprising choice with its newest member: a country that consumes about twice as much crude as it pumps.

Minister Urges Industry to Boost India's O&G Output in Low Cost Environment
Wednesday, November 25, 2015 India's Minister for Petroleum & Natural Gas Dharmendra Pradhan urges the petroleum sector to capitalize on reduced industry costs to increase domestic oil and gas production.

Dynamic Oil, Gas Environment in Australia Delivers M&A Opportunities
Wednesday, November 25, 2015 Increased merger and acquisition deals involving leading Australian oil and gas companies recently is a result of more than just a decline in oil price, analysts told Rigzone.

Could Cuts in CAPEX Be the Catalyst For Growth in Oil Prices?
Wednesday, November 25, 2015 North American upstream companies continue to slash spending but demand growth could turn that around within the next 18 to 20 months.

PETRONAS, Partners Gain from Malaysia's Production Sharing Contracts
Wednesday, November 25, 2015 Sweden's Lundin Petroleum AB reiterated the importance of Malaysia to the firm's growth strategy in Southeast Asia.

Cheap Coal Threatens LNG's Toehold in Fast Expanding Philippines
Wednesday, November 25, 2015 The Philippines is set to import LNG for the first time next year as it bids to replace fast-fading local gas supplies, but cheap coal is blowing off course Manila's vow to lift the use of cleaner fuels.

Baker Hughes: US Oil Drillers Cut Rigs For 12th Week In Last 13
Wednesday, November 25, 2015 US energy firms cut oil rigs for a 12th week in the last 13, data for the holiday-shortened week showed, a sign drillers were still waiting for higher prices before returning to the well pad.

Oil Hits 2-Week Highs On Mideast Tensions, US Gasoline Rally
Tuesday, November 24, 2015 Oil prices hit two-week highs, rising about 3%, after a spike in Middle East tensions and a rally in US gasoline futures.

Seadrill Posts Operating Loss, Increases Cost Savings Target
Tuesday, November 24, 2015 Following an operating loss of $291 million in 3Q 2015, Seadrill Limited increases its cost savings target for the year to $600 million.

OPEC Seen Holding the Line as $40 Oil Looms Over Vienna Meeting
Tuesday, November 24, 2015 It'll take more than $40 crude to make OPEC change its mind, analysts said before the group's Dec. 4 meeting in Vienna.

The Upstream Investment Outlook of European Oil, Gas Firms
Tuesday, November 24, 2015 Rigzone looks at the current state of upstream investment among European oil and gas firms.

Kemp: Hedge Fund Short Positions And Oil Prices In 2015
Tuesday, November 24, 2015 There have been at least three cycles in WTI prices and hedge fund positions in the main NYMEX light sweet crude contract since the turn of the year.

Evercore: Super Majors Ripe for Consolidation and Other Restructuring
Monday, November 23, 2015 Among the major themes of upcoming cycle will be the recovery of US land drilling, offshore restructuring and more risk to service industries, Evercore analysts say.

Oil Ends Steady; Saudi Pledge, Glut Worry Causes Wild Ride
Monday, November 23, 2015 Brent settled steady and US crude slightly lower after prices were whipsawed by volatility as Saudi Arabia pledged to work toward oil price stability.

Oil Deal of the Year: Mexico Set for $6B Hedging Windfall
Monday, November 23, 2015 Mexico is set to get a record payout of at least $6 billion from its oil hedges this year, according to data compiled by Bloomberg.

Venezuela Sees Crude in Mid-$20s If OPEC Doesn't Take Action
Monday, November 23, 2015 Oil prices may drop to as low as the mid-$20s a barrel unless OPEC takes action to stabilize the market, Venezuelan Oil Minister Eulogio Del Pino said.

EIA: Shale Drilling Boosted US Oil, Gas Reserves In 2014
Monday, November 23, 2015 Reserves of oil and natural gas in the United States shot higher last year, according to government data.

North Dakota 'Man Camps' Battle Pending Ban In Oil Capital
Monday, November 23, 2015 Providers of temporary housing for North Dakota's oilfield workers are fighting a plan by the state's energy capital to evict their "man camps".

Q&A: The State of Graduate Recruitment in Oil, Gas
Monday, November 23, 2015 Rigzone examines the efficacy of MOL's new Uppp talent acquisition program and highlights the state of graduate recruitment in the wider oil and gas industry.

Saudi Arabia Says Ready To Work With Others To Stabilize Oil Market
Monday, November 23, 2015 Saudi Arabia's cabinet says it is ready to cooperate with OPEC and non-OPEC countries to achieve market stability.

Statoil CEO: Oil, Gas Will Remain 'Critically Important' Through to 2040
Monday, November 23, 2015 Statoil CEO Eldar Saetre says oil and gas will remain "critical important" energy resources through to 2040 in Oslo speech.

Africa Oil Boom Fades as $50 Crude Shuts Door on High-Cost Deals
Friday, November 20, 2015 Oil below $50 has made more than two out of three investment projects in Africa non-viable.

Petrobras Extends Rally On Capital Plan
Friday, November 20, 2015 Petrobras leads LatAm credit markets higher following news that the Brazilian government considers plan to inject fresh capital into the beleaguered oil company.

India's Petronet Near To Winning Better Gas Terms From Qatar Sources
Friday, November 20, 2015 India's biggest gas importer Petronet LNG is close to renegotiating a major deal with its Qatari supplier Rasgas,sources say.

Investors Bet on Rebound as Holdings in Oil ETF Jump to Record
Friday, November 20, 2015 Investors are piling into the United States Oil Fund on speculation prices may have bottomed near $40 a barrel.

Kemp: Should We Worry As Oil Stocks Hit 3 Billion Barrels?
Friday, November 20, 2015 Nearly 3 billion barrels of crude petroleum and refined products are being stored by oil firms in the advanced economies according to the IEA.

Brent Up 1% On Short-Covering, US Crude Just Above $40
Friday, November 20, 2015 Brent oil settles 1% higher on pre-weekend short-covering, while US crude settles lower and just above $40-per-barrel.

Oil Slump Puts Canada in C$3B Hole as Trudeau Takes Reins
Friday, November 20, 2015 Canada's finances are taking a bigger hit than projected from the oil-price slump, putting the country on pace for red ink even before Prime Minister Justin Trudeau kicks off his plan for deficit spending.

SD-WAN Technology Can Improve Oil, Gas Communications
Friday, November 20, 2015 SD-WAN technology could enhance operational efficiency of communications the oil and gas industry, an SD-WAN technology provider says.

SNC-Lavalin Bullish on India, Offsets Job Slowdown Elsewhere
Friday, November 20, 2015 SNC-Lavalin is optimistic about the upstream sector in Asia, especially India, as it seeks to offset the adverse impact of a slowdown in other regions.

Suncor and Canadian Oil Sands CEOs Both Say They’ve Won
Friday, November 20, 2015 The CEOs of Suncor Energy and Canadian Oil Sands both say they’ve got votes on their side as the nation's top crude producer promotes a hostile takeover bid for its smaller rival.

Global Oil Job Cuts Top Quarter-Million as Rigs at Five-Year Low
Friday, November 20, 2015 The number of jobs gutted from oil and gas companies around the world has now passed the 250,000 mark, with still more to come, according to industry consultant Graves & Co.

Oil Crash Means Biggest Boomers Halt Supply Growth in 2016
Friday, November 20, 2015 The US and Iraq, whose extra crude this year equates to about 80 percent of the global surplus, will fail to boost output in 2016, according to the world’s biggest forecasters.

Obama, Putin Agree on One Thing: Bombing Islamic State’s Oil
Friday, November 20, 2015 The US and Russia both widen their target lists to include the middlemen who help the group make money off illicit oil sales.

US Oil Drillers Cut Rigs For 11th Week In The Last 12
Friday, November 20, 2015 US energy firms cut oil rigs for an 11th week in the last 12, a sign drillers were still waiting for higher prices before returning to the well pad.

Russell: India, Not China, Powering Growth in Fuel Demand
Thursday, November 19, 2015 China's fuel usage tends to gather headlines as an indicator of the strength of global crude oil demand, and while this has been justified, the real growth action is happening over the Himalayas in India.

Oil, Gas Cyber Attacks Increasing
Thursday, November 19, 2015 Cyber attacks in the upstream oil and gas sector are increasing, according to Eric Knapp, the global director of cyber security solutions and technology for Honeywell Process Solutions.

Brent Steady, US Crude Down Ahead Of Contract Expiry
Thursday, November 19, 2015 Brent oil futures settle steady while US crude falls ahead of the expiry of the front-month contract and continued pressure from large inventory builds.

Global Downturn is Rare Opportunity for Israel to Recruit Oil, Gas Talent
Thursday, November 19, 2015 Israel has a once-in-a-generation opportunity to recruit the oil and gas talent it needs to exploit its natural gas resources and turn itself into an important oil and gas hub in the eastern Mediterranean.

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