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News Categories: Industry Headlines News

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Delegate: OPEC Should Consider Return To Oil Quotas
Friday, April 17, 2015 OPEC should consider re-introducing individual output quotas, shuffled quietly to one side in 2008, an OPEC delegate says.

US Oil Rigs Slide For 19th Week As Record Retreat Drags On
Friday, April 17, 2015 Oil explorers idled rigs in US fields for the 19th straight week, prolonging an unprecedented retrenchment in drilling.

Tackling the Skills Shortage Challenge in the Oil, Gas Industry
Friday, April 17, 2015 Industry experts weigh in on the continuing challenge of finding skilled workers to hire in the oil and gas industry.

Argentina Launches Lawsuit against Falkands Oil Drillers
Friday, April 17, 2015 Argentina begins legal proceedings against five companies, including three UK firms, that are drilling for oil and gas offshore the Falkland Islands.

Sources: Indian Delegation to Visit Iran to Discuss Oil Deals
Friday, April 17, 2015 An Indian delegation will visit Iran this week to scout for investment opportunities ahead of an anticipated nuclear deal between the OPEC-member and world powers that would soften sanctions against the country, sources privy to the plan say.


Oil Falls From 2015 Peaks, Brent Jumps 9.6% On The Week
Friday, April 17, 2015 Crude futures fell from 2015 peaks in choppy trading, but Brent's 9.6% weekly gain was its biggest in more than five years.

Bill to Standardize Drillings Setbacks Passes Texas House
Friday, April 17, 2015 Controversial bill to standardize rule-making for cities on oil and gas permits passes House without incident. Moves on to the Senate with some changes that will have to be addressed in committee.

US Proposes Higher Royalty Rates For Drilling Federal Land
Friday, April 17, 2015 The US government would get a larger share of oil and gas revenue from federal land under a proposal announced by the Interior Department.

EIA Projects Continued Volatility In Oil Prices
Friday, April 17, 2015 Volatility in crude oil prices will continue reaching a projected high of $252 per barrel for Brent crude oil in 2040, according to a long-term forecast released by the EIA April 14.

Military Withdraws from Yemen Oilfields, Hands Security to Tribes
Friday, April 17, 2015 Yemen's military hands over security responsibilities for the Masila oilfields to local armed tribes.

Watchdog: Nearly Half Colombia Oil Companies At Risk Of Insolvency
Thursday, April 16, 2015 Forty-three percent of companies in Colombia's oil sector are at high risk of going bankrupt as the industry reels from the recent halving of oil prices, according to a recent survey.

Oil Turns Higher, Rallies To 2015 High On Yemen Conflict
Thursday, April 16, 2015 Crude oil prices jump to fresh 2015 peaks, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen.

Australian Junior Looks to Build a Titan in Face of Downturn
Thursday, April 16, 2015 At a time when capital is scarce Australia's Titan Energy has secured an enviable position for a junior oil and gas company following a major funding deal to advance exploration prospects in Texas.

Mozambique Delays Oil, Gas Bid Round until July 30
Thursday, April 16, 2015 Mozambique's fifth oil and gas bid round will close on July 30, delayed from its previous April 30 deadline.

OPEC Oil Output Surge Boosts Surplus, Despite Higher Demand
Thursday, April 16, 2015 OPEC says its oil output surged in March, adding to a global glut, despite more evidence that the producer group's strategy of letting prices fall to hurt other producers is taking effect.

Saudi Arabia Adds Half a Bakken to Oil Market in a Month
Thursday, April 16, 2015 Saudi Arabia boosted crude production to the highest in three decades in March, with a surge equal to half the daily output of the Bakken formation in North Dakota.

For Petrobras CEO, It's One Problem Down and Many More to Come
Thursday, April 16, 2015 Petrobras' new chief executive officer is close to overcoming his first major hurdle: getting auditors to approve financial results.

Schlumberger Will Cut 11,000 Additional Jobs
Thursday, April 16, 2015 Schlumberger plans to cut 11,000 more jobs, bringing the total job cuts to 20,000 since January.

Transocean Names Interim CEO, Speculation About Board Chairman
Thursday, April 16, 2015 Transocean is moving its board chairman into an interim CEO role; former chief at National Oilwell Varco, Pete Miller, is expected to take over as chairman at May investors meeting.

Oil Surges After Lower Than Expected US Inventory Rise
Wednesday, April 15, 2015 Oil prices rally and US crude jumps nearly 6% to a 2015 peak after government data shows crude oil inventories in the US rose less than expected.

Saudi Arabia Leads OPEC Oil Boom As US Shale Growth Slows
Wednesday, April 15, 2015 OPEC production climbs by the most in almost four years as Saudi Arabia, Iraq and Libya boost output amid a stronger outlook for global oil demand, according to the IEA.

Kemp: Iran's Tantalizing Oil Prize
Wednesday, April 15, 2015 Iran contains some of the largest and most attractive petroleum resources in the world, so any easing of sanctions could have a major impact on oil and gas markets in the second half of the decade.

Survey: Doubts that New Tax Initiatives Will Drive North Sea Exploration
Wednesday, April 15, 2015 A Rigzone survey finds a lack of confidence among oil and gas professionals that new UK tax initiatives will stimulate investment in North Sea exploration.

Venezuela Oil Minister Meets OPEC Nation Ambassadors
Wednesday, April 15, 2015 Venezuela says ambassadors of various OPEC countries are meeting the country's oil minister Asdrubal Chavez in Caracas.

Mexico's Slim To Combine Energy Units Amid Sector Opening
Tuesday, April 14, 2015 Carlos Slim plans to merge two of his energy units into one entity, Carso Oil & Gas as he seeks to benefit from a major sector overhaul.

Brazil Real Rises As Petrobras Board To Review Financial Results
Tuesday, April 14, 2015 Brazil's real climbs for the first time in 4 days as Petrobras indicates it is moving closer to publishing financial results.

Oil Rises On US Production Dips, Middle East Tensions
Tuesday, April 14, 2015 Crude oil futures rise on signs of falling US oil production, weakness in the dollar and tensions in the Middle East, particularly Yemen.

Industry Not Expected To Fight Live Offshore Viewing
Tuesday, April 14, 2015 Houston legal expert says real-time viewing, a regular feature of onshore operations, is among key changes proposed to make offshore drilling safer.

Iran Joins OPEC Member Libya Calling On Group To Cut Oil Output
Tuesday, April 14, 2015 Iran becomse the second OPEC member this month to call on the group to reduce oil production ahead of its June meeting.

Former CNPC Chairman Pleads Guilty to Zhou-Linked Corruption
Tuesday, April 14, 2015 The former chairman of China’s biggest oil producer pleads guilty to accepting bribes and abuse of power in his one-day trial, the first major court case former security chief Zhou Yongkang has been named in.

EIA: US Crude Oil Output To Soar Till 2020 Despite Price Rout
Tuesday, April 14, 2015 The US government forecasts domestic crude production will rise even more than expected a year ago.

Falklands Oil Drillers Scale Back after Price Slump
Monday, April 13, 2015 Oil explorers drilling in the Falkland Islands shelve plans to drill a second well in the southeast Falklands following the steep drop in oil prices.

Oil Edges Up As Iran Uncertainty, Yemen Turmoil Support
Monday, April 13, 2015 Crude futures rise, but close well below intraday peaks, as concerns about Iran and turmoil in Yemen support prices.

Ezra CEO: EMAS AMC Order Backlog Will Hold on Subsea Tie-Back Demand
Monday, April 13, 2015 Ezra's CEO is upbeat about prospects for its unit EMAS AMC as demand for subsea tie-back remains strong.

Dutch Court Will Rule in Groningen Gas Suit on Tuesday
Monday, April 13, 2015 A Dutch court plans to issue a provisional ruling tomorrow in a lawsuit challenging the government's gas production policy at the Groningen gas field.

Obama Proposes New Rules For Offshore Oil Wells
Monday, April 13, 2015 The Obama administration proposes tighter rules for the offshore drilling equipment designed to be the last line of defense against oil-well blowouts.

Graft Trial Opens for Former Head of China's Top Energy Group
Monday, April 13, 2015 The trial of the former head of CNPC begins, with charges of bribery, abuse of power and other corrupt practices making him the latest in a string of top officials hauled into court by an anti-graft campaign.

Western Australia Hopes to Expand LNG Ties with Singapore
Monday, April 13, 2015 Western Australia hopes to boost supply of liquefied natural gas to Singapore and collaborate with the island-state on gas projects.

OPEC's No-Cut Strategy is Not Working, Iran Says
Friday, April 10, 2015 OPEC's strategy of holding output steady is not working and the group's members should discuss production levels before its next meeting in June, Iran's oil minister says, a sign of the pain lower prices are causing OPEC's less wealthy producers.

Fire at Rosneft Refinery Kills One, Output Unaffected
Friday, April 10, 2015 A fire breaks out at the Angarsk refinery in east Siberia, Rosneft reports.

Middle East State Spending Throws Lifeline To Oilfield Services
Friday, April 10, 2015 Oil majors may have slashed capital spending but NOCs in the Middle East and North Africa show no sign of cutting investment, buoying oilfield services that the stock market has beaten down.

Oil Rises And Posts Weekly Gain As Iran Tensions Support
Friday, April 10, 2015 Oil prices rose, posting a weekly gain on lift from lowered expectations that an agreement on Iran's nuclear program will result in a rapid return of more Iranian barrels to the market.

Use of Big Data is Necessary to Recruit Millennials in Oil, Gas
Friday, April 10, 2015 HR Professional Kris Cooper reveals research detailing why Big Data is necessary to recruit millennials in the workforce.

US Oil Rig Slide Picks Up Again After False Bottom
Friday, April 10, 2015 The fall in US rigs drilling for oil quickened this week, data shows, suggesting that a recent slowdown was temporary.

Iran Seeks to Mend Fences with Chinese Oil Firms to Get Projects Going
Thursday, April 09, 2015 Iran hopes to resolve differences with Chinese energy companies on oil and gas projects in the Islamic republic, as Tehran wants to be ready to raise output quickly after a potential lifting of sanctions this year, Iranian oil officials say.

Oil Up On Iran, German Data, But Strong Dollar Curbs Rise
Thursday, April 09, 2015 Oil prices rise on strong German economic data and uncertainty about negotiations on Iran's nuclear program.

Drillers' $26B Oil-Hedge Gain Spreads Price-Drop Pain
Thursday, April 09, 2015 For US shale drillers, the crash in oil prices came with a $26 billion safety net.

Argentina Says Plans Lawsuits Against UK Oil Firms Near Falklands
Thursday, April 09, 2015 Argentina says it will begin legal action against British energy firms operating near the Falkland Islands, in a growing war of words over the disputed South Atlantic territory.

Brazil's Rousseff Says Petrobras Has Cleaned Up Corruption
Thursday, April 09, 2015 Petrobras has purged corrupt managers and put a graft scandal behind it, while hitting record output levels from off-shore deposits, Brazil's President Dilma Rousseff says.

First Quarter 2015 Oil, Gas M&A Tumbles to $7.1B in E&P Sector
Thursday, April 09, 2015 The value of global upstream oil and gas M&A deals tumbled to $7.1 billion during 1Q 2015, a drop of 79% compared to the value in 1Q 2014.

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