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Putin Bets on Germany as Gas Ties with Turkey Go Sour Over Syria
Tuesday, October 13, 2015 It takes less than a year for Russian President Vladimir Putin to go from hailing Turkey as a potential linchpin in natural gas supplies to Europe to shunning it.

Nigerian President Buhari Will Keep Oil Minister Post Vacant
Monday, October 12, 2015 Nigeria's President Muhammadu Buhari will leave the post of petroleum minister in Africa's biggest oil producer vacant after signaling that he would take the position, according to his spokesman.

US Shale Firms Snap Up $50 Oil Hedges, Risking Rally Reversal
Monday, October 12, 2015 Oil producers' rapid response to the latest move upward comes in contrast to the second quarter, when a moderate price recovery was met with only modest hedging interest.

Oil Settles Down 5% On Profit Taking And As OPEC Boosts Output
Monday, October 12, 2015 Oil prices tumble, settling 5% lower as traders took profits after last week's surge to an 11-week high, and on a report that OPEC continued to boost crude production despite a persistent glut.

OPEC Sees Oil-Demand Growth Leading to Balanced Market in 2016
Monday, October 12, 2015 Global demand for crude is growing while non-OPEC countries are producing less of it, OPEC's Secretary-General Abdalla Salem El-Badri says.


Australia's Santos to Cull 200 Jobs, Aiming for $73M Savings
Monday, October 12, 2015 Santos says it would cut around 200 jobs, or 6% of its staff, as it looks for $73 million in additional savings to ride out weak oil prices.

Oil Prices Slip After 11-Week High
Monday, October 12, 2015 Temporary commodity price climb is tempered by history and questions about communication between Russia and OPEC.

Key Allies of Disgraced China Security Chief Jailed for Graft
Monday, October 12, 2015 The former chairman of China National Petroleum Corporation is sentenced to 16 years in prison for graft.

Rigzone Surveys Reveal Employer, Candidates Behavior during Downturn
Friday, October 09, 2015 Rigzone's most recent surveys reveal the behaviors and practices of job-seekers and employers during the industry downturn.

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.

House Passes Bill Axing US Oil Export Ban, Veto Looms
Friday, October 09, 2015 A bill to repeal the US oil export ban passes the House of Representatives, but faces an uncertain future after a veto threat by President Barack Obama.

Oil Little Changed After Choppy Trade, WTI Ends At 11-Week High
Friday, October 09, 2015 Oil prices remain little changed in choppy trade as traders flip-flopped.

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.

More Reforms Needed to Make Mexico Successful
Friday, October 09, 2015 The leaders in Mexico know that oil and gas activity can help alleviate many problems facing the people of Mexico, but the question is will they make the needed reforms?

Kemp: Oil Prices Strengthen, Shrug Off Goldman Warning
Friday, October 09, 2015 Timespreads for WTI and Brent futures have strengthened significantly over the last month as fears about another big build up in crude oil stocks eased.

Baker Hughes: US Oil Drillers Cut Rigs For 6th Week On Weak Crude Prices
Friday, October 09, 2015 US energy firms cut oil rigs for a sixth week in a row this week, the longest streak of weekly declines since June, data showed, a sign low prices continued to keep drillers away from the well pad.

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.

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.

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.

Millennials in the Workplace
Wednesday, October 07, 2015 Rigzone speaks with a millennial, career and workplace expert about the characteristics of millennial workers.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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