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Colombia Could Lower Oil Price Projections For 2015 And 2016
Wednesday, October 22, 2014 Colombia may revise down its projections for the price of oil in 2015 and 2016, Finance Minister Mauricio Cardenas says.

Shale Activity Creating Need for Updated Data Management Systems
Wednesday, October 22, 2014 Oil and gas companies should truly understand the scope of their operations before investing in technology solutions to address the complexity and volumes of data in shale operations.

Famed Texas Oilman Nelson Bunker Hunt Dead At 88
Wednesday, October 22, 2014 Nelson Bunker Hunt, the Texas oilman once considered the world's richest man before his fortunes were undone by Muammar Gaddafi and his own epic overreaching in the silver market, dies at age 88.

Oil Dives After Big US Weekly Crude Stock Build
Wednesday, October 22, 2014 Oil prices fall sharply, with US crude approaching $80 a barrel after data shows a second big jump in weekly US crude stockpiles.

Thailand Plans Feb Auction Of Petroleum Concessions At 29 Blocks
Wednesday, October 22, 2014 Thailand plans to kick off a new auction round next February for petroleum concessions on 29 onshore and offshore blocks in its effort to secure energy supplies, a senior energy ministry official says.


  



Denton To Vote To Ban Fracturing On November 4
Wednesday, October 22, 2014 The citizens of Denton will be voting Nov. 4 whether or not to ban hydraulic fracturing.

Minister: Norway Oil Projects Face Delays over Costs
Tuesday, October 21, 2014 Several Norwegian oil and gas projects with development plans due in 2015 will be delayed because of high costs and technological challenges, says oil minister Tord Lien.

Storms Prompt Mexico's Pemex To Evacuate 15,000 Workers From Gulf
Tuesday, October 21, 2014 Pemex says it is evacuating 15,000 workers from installations in the Gulf of Mexico because of bad weather, adding the evacuation would have only a minimal impact on crude oil output.

Kemp: Congressional Study Questions Embargo-Era Oil Policies
Tuesday, October 21, 2014 Lifting restrictions on US crude oil exports could actually lower fuel prices for US motorists and other consumers by contributing to a drop in world oil prices.

Oil Ends Up After China Demand News, Fragile Recovery Seen
Tuesday, October 21, 2014 Brent crude oil ends up almost 1%, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling.

Halliburton, Baker Hughes Buy More Sand, Railcars As Demand Piles Up
Tuesday, October 21, 2014 As fracking accelerates in North American shale fields, Halliburton and Baker Hughes are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul.

NASA Scientist: Arctic Drillers Can Learn from Space Program
Tuesday, October 21, 2014 Speakers discuss ways to overcome the challenges of drilling in the Arctic in order to extract fossil fuels in an extreme environment.

Total CEO de Margerie Killed In Moscow As Jet Hits Snow Plough
Tuesday, October 21, 2014 The chief executive of Total, Christophe de Margerie, was killed when a business jet collided with a snow plow during takeoff at Moscow's Vnukovo International Airport, the company and airport officials say.

Mexico's Alfa Seeks To Raise $1B For Energy Projects
Monday, October 20, 2014 Alfa says it wants to issue about $1B worth of shares so it can invest in Mexican energy projects in shale gas, conventional hydrocarbons and electricity.

Oil Falls Below $86 As Oversupply, Global Economy Worries Weigh
Monday, October 20, 2014 Brent crude falls, dropping below $86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week's 4-year low.

Ocean Rig, Petrobras Agree To 3-Year, $1.1B Drillships Lease
Monday, October 20, 2014 Ocean Rig signs a $1.1B 3-year contract with Petroleo Brasileiro to extend a lease on two ultra-deepwater drilling ships.

Oil And Gas Backs Democrat's Bid To Keep Louisiana US Senate Seat
Monday, October 20, 2014 Oil and gas interests are pouring money into a tight US Senate race in Louisiana, giving twice as much to the Senate campaign of incumbent Democrat Mary Landrieu than her Republican challenger.

Halliburton Profit Beats As N. America Drilling Stays Strong
Monday, October 20, 2014 Halliburton reports a better-than-expected quarterly profit, helped by buoyant shale drilling activity in North America.

Douglas-Westwood: 'Offshore EPC - All Change'
Monday, October 20, 2014 DW Monday briefly discusses the realignment in Asia's offshore engineering, procurement and construction landscape.

What's Going on in Kurdistan? Q&A with Gulf Keystone CEO
Monday, October 20, 2014 Rigzone catches up with John Gerstenlauer, CEO of Gulf Keystone Petroleum, to find out about the situation for oil companies in Kurdistan.

Schlumberger Says Higher Oil Demand In 2015 To prompt Oil, Gas Spend
Friday, October 17, 2014 Schlumberger says oil and gas spending will increase in 2015 as global oil demand is poised to rise.

Oil Bucks Downtrend To Eek Out Small Gain
Friday, October 17, 2014 Oil prices rise slightly, bouncing from near 4-year lows even while marking a fourth straight weekly loss.

Russia's Gazprom Neft Sees Oil Price Returning To $95-110 Per Barrel
Friday, October 17, 2014 Gazprom Neft says it does not see a fall in the oil price as a long-term trend.

China, Vietnam Pledge to 'Address and Control' Maritime Disputes
Friday, October 17, 2014 China and Vietnam have agreed to "address and control" maritime disputes, state media says.

North Sea Future: Innovation Needed
Friday, October 17, 2014 After the 'no' vote in the Scottish Referendum, attention now turns to the Wood Review and this December's Fiscal Review about how best to extract the remaining hydrocarbons from the UK North Sea.

Tanzania To Pick Winners Of Oil, Gas Bids Before Year-End
Friday, October 17, 2014 Tanzania is in final stages of evaluating bids for oil and gas blocks it offered in its latest bidding round and plans to pick the winners before the end of this year, its upstream regulator says.

BOEM to Offer 44 Million Acres Offshore GOM
Thursday, October 16, 2014 BOEM Acting Director Walter Cruickshank announces the bureau will offer nearly 44 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development.

Chesapeake To Sell Oil, Gas Assets For $5.37B
Thursday, October 16, 2014 Chesapeake says it will sell some oil and gas assets in the Marcellus and Utica to Southwestern Energy for about $5.37 billion.

Bumi Armada's CEO Eyes FPSO Opportunities in India
Thursday, October 16, 2014 Bumi Armada CEO believes India offers exciting growth opportunities for companies serving the floating production, storage and offloading market.

East Africa Neighbors Close To Picking Consultant For Oil Export Pipeline
Thursday, October 16, 2014 Kenya, Uganda and Rwanda are in the final stages of deciding on a consultant to oversee building a pipeline to pump oil to the coast for export, according to officials.

Oil Rises On Tight US Gasoline Stocks, Options Expiry
Thursday, October 16, 2014 Oil prices rise in volatile trading, as data showing tight US gasoline supplies and technical trading ahead of options expiry provided rare support amid a long downturn.

Taiwan Considers Permanent Armed Ships for Disputed South China Sea Island
Thursday, October 16, 2014 Taiwan is considering stationing armed vessels permanently on a disputed South China Sea island, officials say.

Nikkei: Russia Proposes Building Natural Gas Pipeline to Japan
Wednesday, October 15, 2014 Russia has proposed building a natural gas pipeline connecting fields in its far east with northern Japan, the Nikkei newspaper reports.

Oil Resumes Slump On Economic Gloom After Brief Bounce
Wednesday, October 15, 2014 Oil prices slump after a brief bounce from four-year lows fails to gain traction.

Colorado Political Candidates: Energy Vital to Colorado's Economy
Wednesday, October 15, 2014 Colorado political candidates meet to discuss the future of energy production in the state, and its role in the state's economy.

CNOOC Goes Solo in Deepwater Exploration, Opens New Frontier for China
Wednesday, October 15, 2014 China's first ever deepwater hydrocarbon discovery is significant not only for the domestic upstream industry, but also on countries in the region.

Yemen Separatists Urge Oil Firms to Stop Exports from South
Wednesday, October 15, 2014 Southern separatists seeking to split from Yemen's north set an ultimatum for the government evacuate its soldiers and urge foreign oil and gas firms to halt exports.

Statoil's CEO Quits For Top Job At BG Group
Wednesday, October 15, 2014 Statoil Chief Executive Helge Lund unexpectedly resigned to take the top job at smaller rival BG Group, the firms say in separate statements.

UK's Cygnus Project to Support 4,800 Skilled Jobs during Build Phase
Wednesday, October 15, 2014 The Cygnus gas project in the UK zone of the southern North Sea will support more than 4,820 skilled jobs during its 5-year construction phase.

Chevron: Oil Slide Puts Venezuela Projects Under Pressure
Wednesday, October 15, 2014 The recent slide in global oil prices puts projects under heavy pressure, executives at two major production companies told an industry conference in Venezuela.

Kemp: The Saudi Oil Enigma
Tuesday, October 14, 2014 Almost nothing is known about how Saudi Arabia's rulers reach decisions on political and economic reform, foreign policy and oil market strategy, according to Kemp.

Group That Seized Tripoli Takes Libyan Government, Oil Company Websites
Tuesday, October 14, 2014 A self-declared government set up by an armed group that seized the Libyan capital in August has taken over the websites of the state administration and the national oil company.

IEA Sees 2015 Oil Demand Growth Much Lower, Supply Hitting Prices
Tuesday, October 14, 2014 Demand for oil in 2015 will grow far slower than previously forecast as global economies remain weak, the IEA says.

Russia's Gazprom Says 2Q Net Profit Up 13%
Tuesday, October 14, 2014 Gazprom says its 2Q net profit was up 13% to $5.6 billion boosted by foreign exchange gains but still short of analysts expectations.

OMV CEO Roiss To Go In Mid-2015 In Management Revamp
Tuesday, October 14, 2014 OMV CEO Gerhard Roiss will leave the Austrian energy group as of mid-2015 - nearly two years ahead of schedule.

Oil Dives $4 As Demand Dims, Shale Booms And OPEC Resists Cuts
Tuesday, October 14, 2014 Oil dives more than $4 a barrel, its biggest drop in more than two years as mounting evidence of slackening demand and unrelenting US shale output leaves traders struggling.

Russian Oil Shift East Accelerates, Dictated by Politics
Monday, October 13, 2014 Russia is diverting more of its crude oil east with deliveries to China hitting a new record in September.

Oil, Gas Tech Startup Faces Threat in Fundraising
Monday, October 13, 2014 Oil and gas technology start-up companies should ensure they have a strategy for dealing with cyberattacks as well as fundraising.

GE Aircraft Unit To Buy Helicopter Lessor Milestone For $1.78B
Monday, October 13, 2014 GE's aircraft leasing unit said it would buy Dublin-based helicopter leasing company Milestone Aviation Group for $1.78 billion.

Kontan: Chevron Reschedules $12B Deepwater Gas Project
Monday, October 13, 2014 Chevron's Indonesian unit submits a letter saying it would temporarily delay its $12 billion deepwater gas development project in Makassar Strait, East Kalimantan, an Indonesian energy and mineral resources ministry official says.

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