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OPEC Seen Backing Saudi Arabia’s Plan to Keep Supplies Elevated
Wednesday, May 27, 2015 When Saudi Arabia argues next week that OPEC should keep up production to fight the rise in U.S. shale oil levels, prices will be on its side.

Oil Falls As Dollar Strengthens, Ample Supply Weighs
Tuesday, May 26, 2015 Oil prices fall nearly 3% as the dollar's rally weighs on dollar-denominated crude oil futures along with concerns that a recent rally might keep US producers active.

Nigerian Oil Union Shuts Down Halliburton Operation Over Job Cuts
Tuesday, May 26, 2015 Nigeria's main oil union has shut down local operations of Halliburton in protest against job cuts, the trade body says.

Brazil Petroleum Group Suggests Changes to National-Content Rules
Tuesday, May 26, 2015 IBP releases a list of suggestions for regulatory changes that it hopes will boost exploration activity in the wake of falling oil prices, high costs, delays and a graft scandal at Petrobras.

Taiwan Offers South China Sea Peace Plan to Avert 'Major Conflict'
Tuesday, May 26, 2015 Taiwan proposes a peace initiative to resolve territorial disputes in the South China Sea that it says will reduce tensions that have put Beijing at odds with its neighbours and the United States.


  


Texas Oil Patches Brace For More Rains, Possible Floods
Tuesday, May 26, 2015 Texas oilfields could see strong rains and thunderstorms later this week, though they were spared the heaviest flooding that struck central and eastern Texas over the Memorial Day weekend.

US Top Court Backs Contractor KBR In Iraq Whistleblower Case
Tuesday, May 26, 2015 The Supreme Court hands a victory to defense contractor KBR in its legal fight with a former employee who filed a whistleblower suit accusing it of defrauding the US government in Iraq.

US Investor Dollars Beckon Foreign MLPs
Monday, May 25, 2015 Foreign companies, wanting access to US dollars for their infrastructure projects, are increasingly offering their assets as MLPs.

Mexico Pushes Back Release Of First Oil Tender Contract, Bid Terms
Monday, May 25, 2015 Mexico's oil sector regulator, CNH, votes to delay the publication of the final production-sharing contract and bid terms for its initial shallow-water tenders.

Military Vets in Oil, Gas: Future Outlook for Vets in the Industry
Monday, May 25, 2015 Experts offer first-hand advice to military veterans and recruiters about the future of veterans in the oil and gas industry.

Romania to Send Oil and Gas Royalty Tax Law to Parliament in September
Monday, May 25, 2015 Romania's government will send a draft law on royalty taxes for the oil and gas sector to parliament in September, Deputy Finance Minister Dan Manolescu says.

New Approach Changes Fundamental Compressor Valve Design
Monday, May 25, 2015 Zahroof Valves officials say their compressor valve technology marks a fundamental change in the way compressor valves are designed.

OPEC Seen Unyielding in Oil Market-Share Battle with Shale
Friday, May 22, 2015 OPEC will stick with the strategy of favoring market share over prices when it meets next month because rival producers are already starting to buckle.

Military Vets in Oil, Gas: Transitioning and Recruitment Strategies
Friday, May 22, 2015 Rigzone speaks with military veterans about their experiences transitioning into oil and gas and addresses the challenges facing transitioning vets today.

Liza Discovery Could Put Guyana on Oil, Gas Map
Friday, May 22, 2015 ExxonMobil's Liza discovery offshore Guyana could put the country on the map as a player in the global oil and gas industry, Wood Mackenzie reports.

Exxon Deploys More Sanction Watchers as Iran Nuke Deal Looms
Friday, May 22, 2015 ExxonMobil is ramping up efforts to track US government work on Iranian sanctions that have locked out American oil companies from the Middle Eastern nation for more than three decades.

Report: Oil, Gas IT Spending Cuts 'Lower Than Expected'
Friday, May 22, 2015 A study finds that oil and gas industry cuts to IT spending are lower than expected as companies eye potential spending on data services technology.

Coast Guard: US Oil Platform On Fire In Gulf Of Mexico; No Injuries
Friday, May 22, 2015 An oil platform caught fire and was evacuated in the US Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the US Coast Guard said.

New Government Likely to Spell Positive Era for UK Oil, Gas
Friday, May 22, 2015 Ahead of the Queen's Speech April 27, Rigzone takes a look at what the Conservative Party's likely plans are for the UK energy sector after its unexpected win in the General Election.

Oil Down 2% Ahead Of Long US Memorial Day Weekend
Friday, May 22, 2015 Oil falls about 2% as a rallying dollar and profit-taking ahead of a long US holiday weekend cut short a two-day run-up in crude prices.

Unite Joins GMB in Calling for North Sea Strike Action
Friday, May 22, 2015 In a statement to Rigzone, UK trade union Unite states that it will issue a legal notice to the OCA.

Alberta Oil Faces Tough 2015, May Rebound Next Year
Friday, May 22, 2015 Low oil prices and new leadership combine to create uncertainty in Alberta's oil and gas sector.

Total Hosts Climate Talks with Big Oil Companies
Friday, May 22, 2015 France's Total is hosting a meeting of the world's biggest oil firms over the sector's action plan ahead of the UN climate talks in Paris at the end of the year.

Norwegian Oil Drillers Call in Mediator after Wage Talks Fail
Friday, May 22, 2015 Wage talks involving thousands of Norwegian offshore oil workers break down, raising the risk of a strike that could disrupt oil exploration and efforts to raise production.

GMB Union Calls for Strike Action in UK North Sea
Thursday, May 21, 2015 GMB announces a strike ballot will go ahead after talks failed to resolve a dispute over changes to terms for UK offshore workers.

More Buyers than Sellers Idles Upstream M&A Market
Thursday, May 21, 2015 Many upstream companies are interested in M&A, but want to hold off activity until stability returns to commodity markets.

Mexico's Round One to Attract Smaller Players
Thursday, May 21, 2015 Acreage offered for bidding in the next phase of Mexico's Round One will most likely attract smaller, private and equity-backed companies, Wood Mackenzie tells Rigzone.

Petrobras Offshore Platform Accident Injures Two, Stops Output
Thursday, May 21, 2015 Petrobras was forced to stop output at its P-56 offshore oil production ship in the Marlim Sul field after an explosion in an electrical panel started a fire.

Oil Gains Over 2% On Inventory Draws, Iraq Fighting
Thursday, May 21, 2015 Oil prices jump more than 2%, giving Brent its biggest rally in more than a week.

Public Perception Still a Barrier to More Women Pursuing STEM
Thursday, May 21, 2015 Senior female leaders in science and engineering discuss how to change the public perception of women in STEM at a KPMG Global Energy Conference breakfast.

Total In Talks To Give Up Shale License In Denmark
Thursday, May 21, 2015 Total is in talks with Danish regulators on giving up one of the two shale gas licenses it has in the country, the Danish Energy Agency says.

Petrobras Turns to China for $10 Billion to Avert Crunch
Thursday, May 21, 2015 What do you do when you're burdened with the oil industry's biggest debt, credit is drying up and some of your main suppliers are under the gun? Call China.

Oil Rises On US Crude Drawdown But Oversupply Still Weighs
Wednesday, May 20, 2015 Oil prices rebound, with US crude snapping a five-day decline.

Oklahoma Set to Overturn Local Drilling Controls as Backlash Brews
Wednesday, May 20, 2015 Facing a backlash over the side effects of its oil and gas boom, Oklahoma is poised to overturn a statute that allows cities and towns to ban drilling operations.

Azerbaijan Lines 20,000 PSI Drill Bit to Test Caspian New Frontiers
Wednesday, May 20, 2015 Caspian Drilling Co. is poised to undertake 20,000 pound per square inch blow-out-preventer drilling with its newbuild semisub to be delivered by Keppel FELS in 2016.

BP Settles Oil Spill-Related Claims With Halliburton, Transocean
Wednesday, May 20, 2015 BP has settled with Halliburton and Transocean cross claims related to the 2010 Gulf of Mexico oil spill.

Slow Oil Price Recovery Heightens Upstream Default Risk
Wednesday, May 20, 2015 Oil price collapse is putting dozens of E&P companies at risk of debt default.

Statoil Classifies Gudrun Leak as 'Serious'
Wednesday, May 20, 2015 Statoil announces that a condensate leak which occurred on the Gudrun platform in the North Sea recently was 'of the highest degree of seriousness'.

Flood Of New Cash Sustains US Oil Firms; Energy Dealmakers Gripe
Wednesday, May 20, 2015 US oil companies are attracting a wave of new investment from unlikely sources - hedge funds and private equity firms flocking to the energy market for the first time to bet on a rebound.

Woodside Urges Australia to be Prepared for Next LNG Phase
Wednesday, May 20, 2015 With Australia set to be the world's leading LNG exporter soon, Woodside's CEO Peter Coleman cautions the industry not to take the expected demand from Asia for granted.

Texas Tackles Local Fracking Bans
Tuesday, May 19, 2015 Following the implementation of hundreds of city ordinances, some of which hinder hydraulic fracturing, Texas Gov. Greg Abbott signs bill that clarifies the state is in charge.

Energy Explorers Bemoan Cost Of Labor Disputes In Argentina
Tuesday, May 19, 2015 Labor disputes are on the rise in Argentina and costing foreign energy companies millions of dollars as they explore the country's vast but barely-tapped Vaca Muerta field, company officials say.

BHP Billiton: New Production Sources Needed to Meet Future Demand
Tuesday, May 19, 2015 BHP Billiton has urged the global oil and gas industry to make significant new discoveries to avoid a significant gap in long-term demand.

Wood Mackenzie: Bakken, Eagle Ford Not Past Prime
Tuesday, May 19, 2015 Bakken production will keep growing, albeit at a slower pace, and the Eagle Ford still has running room within high-return portions of the play, according to recent analysis by Wood Mackenzie.

Oil Down Over 3% On Dollar Rally, Ample Supply Worry
Tuesday, May 19, 2015 Oil prices fall more than 3%, with US crude extending losses for a fifth straight day.

South Sudan Rebels Say Capture Oil Refinery, Tell Firms to Leave
Tuesday, May 19, 2015 South Sudanese rebels say they have captured a refinery near a major oilfield in Upper Nile State and tell firms there to evacuate staff.

Russell: Shell-BG Deal May Be End Point Rather Than Harbinger
Tuesday, May 19, 2015 There is a widespread assumption that weak commodity prices are likely to spark a wave of merger and acquisition activity as stronger companies seek to buy assets on the cheap.

Russia's Rosneft To Seek Shareholder Approval To Raise $200B
Monday, May 18, 2015 Rosneft will seek shareholder approval to raise nearly $203.50 billion in loans from three domestic banks, the company said in documents prepared for its annual shareholders meeting in June.

Oil Down As Firmer Dollar, Ample Supplies Offset Mideast Turmoil
Monday, May 18, 2015 Oil slips as a rallying dollar and concerns of growing oversupply weighs on the market after Saudi Arabia reported its highest crude exports in nearly a decade.

OMV Warns On Libya, Yemen As Profit Hit By Oil Slump
Monday, May 18, 2015 OMV says it is unlikely to resume production in war-torn Libya or Yemen before winter.

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