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Chinese Teapots Provide Edge Over US for World's Top Oil Buyer
Friday, May 29, 2015 China's lead over the U.S. as the world's biggest buyer of crude oil is poised to get bigger, and it's largely thanks to teapots.

Alberta Wildfires Burn For 6th Day, 10% Of Oil Sands Crude Offline
Thursday, May 28, 2015 Firefighters battled wildfires in northern Alberta, Canada's biggest crude-producing region, for a sixth day, with two blazes near oil sands facilities still out of control.

Soiled by Oil Scandal, Brazil's Model Is Primed for Makeover
Thursday, May 28, 2015 Crisis and disappointment in the oil sector are beckoning Brazil's leadership.

US Rig Count Stops Hemorrhaging, But For How Long?
Thursday, May 28, 2015 Analysts note a modest increase in the US rig count, but acknowledge it may not mean a turnaround is in the near future.

Report: Long-Term Focus Needed to Solve Oil, Gas Talent Crisis
Thursday, May 28, 2015 A report by KPMG and Rigzone shows that oil and gas companies should implement long-term approaches to address the talent crisis.


  


At Least 3 Injured After Tornado Hits Texas Gas Drilling Rig
Thursday, May 28, 2015 At least three people were injured when a tornado hit a natural gas drilling rig in northern Texas, the Hemphill County sheriff and a hospital official say.

NTSB: Kulluk Towing Plan 'Insufficient' to Meet Risks
Thursday, May 28, 2015 NTSB concludes Shell failed to implement a towing plan for the Kulluk drilling rig sufficient to address the risks of towing the rig from Alaska to Seattle.

Oil Ends Higher As US Inventories Drop For 4th Week
Thursday, May 28, 2015 Oil prices rise in choppy trade, snapping two days of sharp losses, after data shows a fourth weekly drawdown in US crude stocks.

End of Oil Glut Seen Nigh as World's Use Set to Top Production
Thursday, May 28, 2015 The global crude market will shift into a deepening deficit in the fourth quarter amid a draw down in US stockpiles, according to Standard Chartered Plc.

No. 2 Offshore Oil Driller Seadrill Sees Industry Pain Through 2016
Thursday, May 28, 2015 The world's second biggest offshore oil driller, Seadrill, predicts years of pain for the global rig market.

Venezuela, Russia's Rosneft Agree On $14B Oil, Gas Investment
Thursday, May 28, 2015 Venezuela and Russia's top oil producer, Rosneft, have agreed on around $14 billion in investment in the South American OPEC country's oil and gas sector, President Nicolas Maduro says.

In Questionable Financial Times, Profits Are Still Possible In Africa
Thursday, May 28, 2015 While many shale and deep water plays may be on hold, shallow oil and gas fields in Africa could prove lucrative for some operators, including indigenous companies.

Nigerian Oil Union Says Halliburton Strike is Over
Wednesday, May 27, 2015 Nigerian staff at Halliburton end a nationwide strike over jobs cuts.

Oil Down About 3% Again On Dollar, Awaits Supply Data
Wednesday, May 27, 2015 Oil prices fall by up to 3% for a second straight day as a resurgent dollar weighs on the market ahead of US inventory data.

How Russia Was Warned Against Oil Output Cut As Prices Dived
Wednesday, May 27, 2015 As Russia prepares to meet OPEC, a briefing paper from a Moscow think tank sheds light on how the government was warned against cutting oil output even though global prices were plummeting.

Devon Energy And Apache Shut-In Some Wells For Storms
Wednesday, May 27, 2015 Apache and Devon Energy shut-in some oil and gas wells as a precautionary measure because of heavy rains in Texas and Oklahoma.

Canada Stocks Fluctuate as Gain in Banks Offsets Oil's Decline
Wednesday, May 27, 2015 Canadian stocks show little change after slumping the most in almost three weeks, while the Bank of Canada keeps its key interest rate unchanged for a third meeting.

Canada Wildfires Rage On, Intensify Near Oil Sands Sites
Wednesday, May 27, 2015 A wildfire raging in northeastern Alberta near two major oil sands projects nearly doubled in size to 17,000 hectares Wednesday.

New UK Energy Bill Gives Oil and Gas Authority More Powers
Wednesday, May 27, 2015 Details of a new UK Energy Bill, released to coincide with the Queen's Speech Wednesday, reveal that the new Oil and Gas Authority will be given widespread powers.

Norway Has More Oil than a Decade Ago
Wednesday, May 27, 2015 Current recoverable oil on the Norwegian Continental Shelf exceeds the estimated figure for 2005, the Norwegian Petroleum Directorate reports.

Niger Delta Groups Say Shut Down Two Of ENI's Oil Facilities
Wednesday, May 27, 2015 Two oilfields run by Nigerian Agip Oil, a unit of Italian oil major ENI, shut down in the Niger delta region by local communities over disputes with the company, protesters say.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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