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Oil Companies Eye Crude Price Drop But Keep Drilling
Friday, September 19, 2014 A 13% slide in crude oil prices since June has eroded some of the allure of drilling US shale resources and raised investor concerns, but companies push ahead.
Significant Water Recycling Achieved in Eagle Ford
Friday, September 19, 2014 A partnership between Dow and Omni Water Solutions allows for the treatment of over 700,000 barrels of per day of water at an oil and gas project in South Texas' Eagle Ford play.
Key Oil, Gas Figures Welcome Scotland's 'No' Vote
Friday, September 19, 2014 Scottish oil services tycoon Sir Ian Wood and Shell CEO Ben van Beurden welcome Scotland's vote against independence.
Wartsila Covers The Full Scope Of Making Gas A Viable Fuel
Friday, September 19, 2014 The general consensus of predictions is that the demand for natural gas will grow at a steady rate over the coming few years.
Billionaire Fredriksen's Partner Quits Rig Firm Seadrill, Shares Fall
Friday, September 19, 2014 Tor Olav Troeim, who until recently was referred to as the right-hand man of big Seadrill shareholder John Fredriksen, will not seek reelection to the board of Seadrill.
US Crude Falls On Worries About Glut, Brent Gains
Friday, September 19, 2014 US crude oil and Brent trade in opposite directions as a sell-off ahead of Monday's expiration.
Petronas Still Eyeing Year End For Canada LNG Investment Decision
Thursday, September 18, 2014 Petronas unit plans to make a final decision on the construction of a LNG facility in northwest British Columbia by year end.
Oil Falls On Supply Glut And Strong Dollar
Thursday, September 18, 2014 Crude oil falls, pressured by ample supply, concerns about demand growth and a stronger US dollar.
Chevron Meets New, Voluntary Shale Drilling Rules
Thursday, September 18, 2014 Chevron has become the first energy company to meet a new set of voluntary shale gas drilling standards that aim to go beyond existing state laws in Pennsylvania, Ohio and West Virginia.
Australia Appoints Stuart Smith as New CEO of NOPSEMA
Thursday, September 18, 2014 The Australian government appoints Stuart Smith as CEO of the National Offshore Petroleum Safety and Environmental Management Authority to succeed Jane Cutler.
Republican Senator Says 2015 Could Be Time For US Oil Export Bill
Thursday, September 18, 2014 The top supporter in the US Congress for reversing the 40-year ban on crude oil exports, Senator Lisa Murkowski from Alaska, said next year could be the time for a bill on lifting the restriction.
Argentina Drafts Energy Bill To Lure Investors To Shale Deposits
Wednesday, September 17, 2014 Argentina's federal government reaches a preliminary agreement with provinces to reform energy regulations and improve incentives to lure foreign investors.
Brazil Says Won't Schedule Regular Oil-Rights Auctions
Wednesday, September 17, 2014 Brazil does not intend to schedule regular oil exploration and production rights auctions, the top petroleum official at the country's energy ministry says.
The Next Logical Step For Natural Gas Supplies?
Wednesday, September 17, 2014 Natural gas-based processes could be alternative for ethane crackers, oil refineries, California-based technology developer tells Rigzone.
Malaysia's Special Purpose Acquisition Companies Expands Upstream
Wednesday, September 17, 2014 Four special purpose acquisition companies have listed in Malaysia since 2011, making upstream acquisitions from Australia to Norway.
Oil Prices Fall On EIA Report Of Big US Crude Stocks Build
Wednesday, September 17, 2014 Crude oil futures fall after a government report shows crude stocks rose sharply in the United States last week.
Petroceltic, Hess to Resume Oil Drilling in Iraqi Kurdistan in October
Wednesday, September 17, 2014 Oil and gas explorer Petroceltic will resume drilling in Iraqi Kurdistan together with partner Hess in early October, after operations were suspended last month at one of its wells due to security risks in the region.
Russia Considers Rosneft Request for Help from State Fund
Tuesday, September 16, 2014 Rosneft, hit by Western sanctions over the Ukraine conflict, will be able to apply for money from a state wealth fund, Russia's deputy prime minister says.
PTTEP Plans $3.3B Capex for Myanmar Projects for 2014-2018
Tuesday, September 16, 2014 PTTEP plans a $3.3 billion capital expenditure to develop its oil and gas projects in Myanmar from 2014 to 2018, or 20% of the $16 billion earmarked worldwide.
Unconventional Oil, Gas to Lift US Energy Exports
Tuesday, September 16, 2014 Domestic unconventional oil and gas production will help raise US energy exports by about 5% per year through 2030, according to HSBC's Global Connections Trade Forecast.
Industry Group: Brazil 'Falling Off World Oil Map' Over Failed Policies
Tuesday, September 16, 2014 Investors are losing interest in Brazil's oil industry as the country's energy policies raise costs, reduce efficiency and increase risk, Brazil's oil industry association, the IBP, says.
Jindal: Obama Hasn't Done Enough To Harness Energy
Tuesday, September 16, 2014 Louisiana Gov. Bobby Jindal says President Obama's administration has become "science deniers," failing to do enough to harness the nation's energy potential.
BP To Cut 275 Jobs In Alaska After Oil Field Disposals
Tuesday, September 16, 2014 BP says it will cut around 275 staff and contractor jobs in its Alaska operations in early 2015 following the sale of its interests in four oil fields in the North Slope area.
Brazil Confident New Rules Will Protect Existing Oil Rights
Tuesday, September 16, 2014 Brazilian regulators say they are confident that new regulations will trump provisions of the country's 2010 oil law that threaten to strip oil companies of rights to operate major oil fields.
Total: Brazil's Libra Oil Field Will Cost $80B To Develop
Tuesday, September 16, 2014 Brazil's biggest oil field Libra will cost $80 billion to develop, an executive at consortium member Total says.
Landmark Fracking Study Finds No Water Pollution
Tuesday, September 16, 2014 The final report from a study on fracking found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania.
Oil Gains On OPEC Production Cut Talk, Libya Paring Output
Tuesday, September 16, 2014 US crude futures rose by almost $2 and Brent by more than $1 on the prospect of a production cut by OPEC.
Oil Hits 2-Year Low; Dollar Rises Ahead Of Fed
Monday, September 15, 2014 Brent crude falls below $97 per barrel, its lowest level in more than two years, as weak Chinese economic data cuts the prospect for demand at a time of abundant supply.
Brazil To Hold Oil Rights Auction In First Half Of 2015
Monday, September 15, 2014 Brazil will hold the 13th round of its oil rights auctions in the first half of next year, a senior mines and energy ministry official says.
Study: Leaky Wells, Not Fracking, Taint Water
Monday, September 15, 2014 A new study says that the drilling procedure called fracking didn't cause much-publicized cases of tainted water, blaming contamination on leaky natural gas wells instead.
New Alberta Premier Picks Legislator Oberle As Energy Minister
Monday, September 15, 2014 Jim Prentice appoints Frank Oberle as energy minister, a key portfolio in the province that is the largest source of US oil imports.
Russia's Energy Minister To Meet OPEC As Oil Price Falls More
Monday, September 15, 2014 Russian Energy Minister Alexander Novak will meet OPEC officials in Vienna, his spokeswoman says, as oil's price fall piles pressure on Moscow's budget.
Keystone XL Pipeline's Cost In South Dakota More Than Doubles
Monday, September 15, 2014 The cost of the South Dakota portion of TransCanada's Keystone XL pipeline has more than doubled to $1.974B in the last four years the project has awaited federal approval, the company says.
Scotland 'Yes' Vote Would Trigger Dispute Over Old Oil Rigs
Friday, September 12, 2014 Scotland will ask Britain to help finance the cost of removing old North Sea rigs and pipelines even if it votes for independence and gains most of the oil revenues.
Inside GE's New Technology Solutions Center
Friday, September 12, 2014 Rigzone takes a tour around GE's New Technology Solutions Center in Stavanger, Norway.
N.D. Oil Output Jumps Even As Flaring Rule Changes Loom
Friday, September 12, 2014 North Dakota's daily oil production jumped 5% in July to an all-time high, state regulators say.
Oil Drops As Ample Supply Overtakes Demand
Friday, September 12, 2014 Crude oil prices fall on pressure from weak demand, ample supplies and a strong dollar.
Douglas Westwood, Canary Provide Views on Asia Pacific Oil, Gas Industry
Friday, September 12, 2014 Douglas Westwood's chairman and Canary's CEO provide their views on Asia Pacific oil and gas industry to the organizer of the OSEA2014 conference.
US Steps Up Sanctions On Russia Over Ukraine
Friday, September 12, 2014 The US hit Russia's largest bank, a major arms maker and arctic, deepwater and shale exploration by its biggest oil companies with new sanctions to punish Moscow for intervening in Ukraine.
Eni Chief Under Investigation By Prosecutors Over Nigerian Oil Deal
Thursday, September 11, 2014 Eni chief Claudio Descalzi has been placed under investigation over alleged corruption relating to a big Nigerian oil deal.
Brent Bounces from 2-year Low; U.S. Crude Rallies
Thursday, September 11, 2014
IEA: US Shale Squeezing Out Saudi Oil Imports, Boosting Gasoline Exports
Thursday, September 11, 2014 North America's shale oil boom has started to squeeze Saudi Arabian oil out of the US market in the same way it did with West African crude, IEA says.
China's CBM Sector Gets Lift from Higher Energy Use, Clean Air Drive
Thursday, September 11, 2014 Sustained rise in domestic energy demand and a government drive to curb air pollution have provided a boost to China's coalbed methane industry.
UK Onshore Industry Disappointed by South Downs Ruling
Thursday, September 11, 2014 The UK onshore oil and gas sector said it finds a decision to turn down an application to carry out exploration near the village of Fernhurst in southeast England 'regrettable'.
BP, Shell Urge Scotland to Vote against Independence
Thursday, September 11, 2014 With a week to go before Scotland's independence referendum, BP and Shell come out in support of Sir Ian Wood's view that the Scottish people are being misled by the Yes campaign.
Saudi Reports Oil Cutback As OPEC Again Cuts Demand View
Wednesday, September 10, 2014 Saudi Arabia tells OPEC it reduced its oil output in August by 400,000 bpd, a cutback coinciding with a drop in oil prices towards the kingdom's preferred level of $100 a barrel.
Poland's PGNiG Says Sees Lower Gas Supplies from Gazprom
Wednesday, September 10, 2014 PGNiG says that it is seeing reduced gas supplies from Russia's Gazprom and is trying to clarify the reason why.
Brazil Says Oil Output To More Than Double In 10-Year Plan
Wednesday, September 10, 2014 Brazil will more than double oil and gas production to 5 million bpd by 2023, with the bulk of investments over the next 10 years going to exploration and production, the government says.
Execs: Offshore Oil Drilling Market To Suffer Through 2015
Wednesday, September 10, 2014 A sluggish offshore drilling market could deteriorate further next year due to weak demand and a flood of new vessels, even though a few places such as Mexico and Brazil remain promising for exploration.
WSJ: China Deploys Troops to UN Force to Protect South Sudan Oilfields
Wednesday, September 10, 2014 China is deploying 700 soldiers to a United Nations peacekeeping force in South Sudan to protect oil fields and Chinese workers amid a rebellion in the African country, The Wall Street Journal reports.
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