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Oil Bulls Brace for Repeat of OPEC's Bearish Blow at Meeting
Tuesday, December 01, 2015 Hedge funds are betting this week's OPEC meeting will deliver another bearish blow to crude.

Norway's Offshore Shipping Sector Faces Bleak Year As Oil Price Pain Deepen
Tuesday, December 01, 2015 Norwegian companies that provide supply ships and drilling rigs to the global oil industry face a bleak year ahead as contracts disappear and financing options dwindle in the face of weak global crude prices.

Anadarko Ordered To Pay $159.5M Fine For 2010 Gulf Spill
Tuesday, December 01, 2015 A federal judge ordered Anadarko to pay a $159.5 million civil fine reflecting its stake in the 2010 blowout.

Oil Ends Down, Reversing Rally, as OPEC Output Seen Rising
Monday, November 30, 2015 Crude oil falls, reversing an early rally after a survey estimated higher OPEC output in November, while a stronger dollar weighed on demand for commodities priced in the currency.

OPEC Rivals Become Unwitting Allies in Push for Oil-Market Share
Monday, November 30, 2015 Almost by accident, OPEC adversaries Saudi Arabia and Iran are about to work as a team.


Kemp: OPEC Risks Pyrrhic Victory With Oil Policy
Monday, November 30, 2015 As ministers from the Organization of the Petroleum Exporting Countries meet in Vienna, some may wonder if the strategy of maintaining output to defend market share risks securing a Pyrrhic victory.

Kuwait Names New Acting Oil Minister; Policy Change Not Expected
Monday, November 30, 2015 Kuwait appoints Anas al-Saleh as acting oil minister in addition to his roles as finance minister and deputy prime minister, state news agency KUNA reported.

Wind, Solar Power to Supply More Energy Than Shale, Goldman Says
Monday, November 30, 2015 New wind turbines and solar panels worldwide will provide more energy over the next five years than U.S. shale-oil production has over the past five, according to Goldman Sachs Group Inc.

Iran Gives Investors Glimpse of $30 Billion in Oil Deals
Monday, November 30, 2015 Iran is targeting about $30 billion in investment by offering 70 oil and natural gas projects to international companies as the Persian Gulf country anticipates the lifting of economic sanctions.

IEA Sees India's Oil Demand Rising to 10 MMbopd by 2040
Monday, November 30, 2015 India's oil consumption is set to reach 10 million barrels per day by 2040 due to strong growth in domestic energy demand, the International Energy Agency says in a report.

Quiet Gulf Hurricane Season End Leaves Oil Drowned in Oversupply
Monday, November 30, 2015 Oil bulls can say farewell to another quiet Atlantic hurricane season in the Gulf of Mexico, which ends without a storm-induced price rise to lift crude from its once-in-a-generation slump.

Move Over, Millennials; iGen is Next Generation to Join the Workforce
Monday, November 30, 2015 Rigzone explores the values and workplace characteristics of iGen, the generation following millennials.

Petrobras Dream Team Splits on Divergent Approach to Turnaround
Monday, November 30, 2015 This was the year Petrobras investors got what they had sought for decades: a chief executive with a mission to streamline and an independent chairman. Now one of them is gone.

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.

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.

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 nationís 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.

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.

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.

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.

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.

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.

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.

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.

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.

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".

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.

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.

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