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OTC 2016: Mexico Seeks to Enhance Energy Sector Accountability
Wednesday, May 04, 2016 Mexico seeks to enhance the transparency and accountability of its energy sector.
Libyan Crude Output at Risk as East and West Tussle for Control
Wednesday, May 04, 2016 Libya's crippled oil production appears at risk of further decline after an escalating stand-off between rival eastern and western political factions prevented a cargo belonging to trading giant Glencore from loading.
How to Wow Your Boss in the First 90 Days
Wednesday, May 04, 2016 New employees can take proactive steps to ensure they are successful in their first 90 days on the job.
OTC 2016: Deepwater Projects Delayed as Low Oil Prices Linger
Wednesday, May 04, 2016 E&P companies will continue to delay new deepwater projects in favor of less costly options as low oil prices linger.
Devon Ready to Boost Drilling, Spending If Oil Prices Keep Climbing
Wednesday, May 04, 2016 Devon Energy will ramp up drilling and spending if oil prices continue to recover, executives said on Wednesday, joining a growing list of companies expecting an increase in activity as the commodity price picture improves.
It's Not Just Brexit, Scottish Independence - And Its Oil - Is Back in Play
Wednesday, May 04, 2016 Gary Noble was drilling wellheads in the North Sea when he voted for Scottish independence in 2014. After losing the job, he now sells electrical appliances and couches in a rent-to-own store in Aberdeen, he wants to vote the same way again.
Five Jobs Set to Grow in Oil, Gas: Remote Vehicle Inspection
Wednesday, May 04, 2016 In the latest installment in our series examining potential areas of growth within oil and gas where employment could take off, we take a look at job opportunities presented by ROV and UAV inspection.
DONG Energy Summons Shareholders for May Meeting Ahead of "Potential IPO"
Wednesday, May 04, 2016 Danish majority state-owned utility DONG Energy calls for an extraordinary general meeting on May 20 to remove the last obstacles to a potential initial public offering.
Oil Turns Lower After Bigger-than-forecast US Crude Build
Wednesday, May 04, 2016 A bigger-than-expected build in US crude inventories to fresh record highs pushes oil markets lower after an early rally over concerns about production cuts in Canada's oil sands region due to a wildfire.
Why This Year's Oil Rally Might Be For Real
Wednesday, May 04, 2016 At first blush, the rally in oil to start 2016 bears some resemblance to the rally at the start of last year, which ultimately ended in tears.
Energy Transfer Rejects Williams' Proposals to Resolve Tax Issues
Wednesday, May 04, 2016 Pipeline company Energy Transfer Equity rejects two possible solutions that rival Williams Cos hoped would resolve tax issues that Energy Transfer believed threatened their $17 billion tie-up.
Obama to Meet Canada's Trudeau, Mexico's Pena Nieto June 29 in Ottawa
Wednesday, May 04, 2016 President Barack Obama will meet with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto in Ottawa for the North American Leaders' Summit on June 29, the White House said on Wednesday.
OPEC Said to Head to June Talks Without Plan for Supply Cap
Wednesday, May 04, 2016 There are currently no proposals on the table for OPEC to revive limits on crude output at its June meeting after the failure of talks to freeze production last month, according to six delegates from the group.
Noble Energy May Lift US Shale Spend if Oil Breaches $50 Per Barrel
Wednesday, May 04, 2016 US oil and gas producer Noble Energy says it expects to spend less than the $1.5 billion it had budgeted for the year, but would consider spending more on US shale assets if crude oil prices moved and stayed above $50 per barrel.
Technology Investment Remains Key for Industry Efficiency
Wednesday, May 04, 2016 While not a focus in the current market, emerging technologies could be a tool for enabling industry recovery.
OTC 2016: Getting Ahead By Turning Relationships into Sponsorships
Tuesday, May 03, 2016 An Offshore Technology Conference panel identifies the importance of sponsorship in today's oil and gas industry.
Oil Price Increase Appears Stable
Tuesday, May 03, 2016 An increase in oil prices is looking 'increasingly certain' says Colin Welsh, head of international energy investment banking at Simmons & Company International.
Five Jobs Set to Grow in Oil, Gas: Cybersecurity
Tuesday, May 03, 2016 After our first article on new employment opportunities being created by the upstream industry's increasing use of the Internet of Things and Big Data, this second article takes a look at cybersecurity.
Investigators - Fatal Helicopter Crash off Norway Due Technical Error
Tuesday, May 03, 2016 A helicopter crash that killed 11 oil workers and two crew on Friday off the Norwegian coast was due to a technical fault, not human error, Norway's Accident Investigation Board said on Tuesday.
OTC 2016 Slideshow Features An Offering for Everyone
Tuesday, May 03, 2016 Day Two of the international gathering of the world's most serious offshore drilling players did not disappoint as the hall of the NRG Center was filled to the brim with enthusiasts.
Brazil Oil Industry Sees Reforms Advancing If Government Changes
Tuesday, May 03, 2016 Brazil is more likely to reform its struggling oil industry to attract investments if there is a change in government, some of the country's top oil executives said at an industry gathering in Houston.
Halliburton Aims to Boost Weak Businesses after Failed Baker Hughes Deal
Tuesday, May 03, 2016 Halliburton says it will consider acquisitions to bolster its weaker businesses as the oilfield services company looks to move on after a deal to buy smaller rival Baker Hughes fell through.
Asian Offshore, Marine Firms Reinvent to Survive Downturn
Tuesday, May 03, 2016 Offshore and marine companies in Asia are venturing into non-traditional areas to mitigate the effects of shrinking business volume.
Oil Down 2nd Straight Day, Rising Output Reignites Glut Worry
Tuesday, May 03, 2016 Oil prices fall for a second day, retreating further from the year's highs hit last week, as rising output renewed worries about the global glut of crude, the US dollar rebounded and equity markets weakened.
OTC 2016: An Industrial-scale Weapon Against Mosquito-borne Illnesses
Tuesday, May 03, 2016 Pesticide-treated fabric repels mosquitoes with burning sensation.
Proserv Awarded UKCS Services Contract by Apache
Tuesday, May 03, 2016 Proserv secures a multi-million dollar contract from Apache Corporation for work on the UK Continental Shelf.
Pathways to Good-Paying Careers in the Downstream - At No Cost to You
Tuesday, May 03, 2016 Recipient of major downstream contracts Fluor trains recent grads and career changers at new US Gulf Coast craft training center.
What Are The Top 5 Freebies at OTC?
Tuesday, May 03, 2016 Rigzone takes a look at the best swag offered at OTC 2016.
OTC 2016: Digital Twin Provides Greater Access to Oil, Gas Data
Tuesday, May 03, 2016 The use of Digital Twins to monitor oil and gas assets is growing as operators seek to reduce time spent looking for data.
'Unfixable' Halliburton Bid Felled by Global Scrutiny
Monday, May 02, 2016 Halliburton's "unfixable" plan to merge with Baker Hughes finally collapsed under the weight of worldwide antitrust opposition.
Midstates Petroleum, Ultra File for Bankruptcy Amid Weak Oil Price
Monday, May 02, 2016 Midstates Petroleum and Ultra Petroleum file for Chapter 11 bankruptcy protection, joining several companies that have been unable to meet debt obligations after a steep decline in energy prices.
OTC 2016 Video: Airswift COO on Jobs Outlook for Oil, Gas
Monday, May 02, 2016 Janette Marx, chief operating officer of oil and gas recruitment agency Airswift, talks to Rigzone about the prospects for workers in the upstream and in wider energy sector.
Graduate Recruitment Slows, but Still Present in Oil, Gas
Monday, May 02, 2016 Oil and gas companies adjust their graduate recruitment strategies to deal with the industry downturn.
Oil Down 3% on OPEC Output Hike, Speculative Ramp-up in Brent
Monday, May 02, 2016 Oil prices fall about 3 percent as production from OPEC neared all-time peaks and record speculative buying in global benchmark Brent sparked profit-taking on last month's outsized rally.
How Can Feds Help Oil, Gas Industry? Stay Out Of It, Insiders Say
Monday, May 02, 2016 From industry consultants to business owners, US oil and gas leaders say a deluge of government regulation and intrusion makes the downturn more challenging.
Baker Hughes to Buy Back Stock, Debt After Halliburton Deal Fails
Monday, May 02, 2016 Baker Hughes said it planned to buy back $1.5 billion of shares and $1 billion of debt, using the breakup fee it will receive following the collapse of its proposed buyout by fellow oilfield services provider Halliburton.
OTC 2016 Video: Sponsors Offer A Gateway to Career Advancement
Monday, May 02, 2016 Pink Petro CEO opens up about sponsorship during the Offshore Technology Conference in Houston.
Five Jobs Set to Grow in Oil, Gas
Monday, May 02, 2016 Rigzone takes a look at five potential areas of growth where employment could take off.
OTC 2016 Slideshow: Check Out Day One
Monday, May 02, 2016 Rigzone walks the floor of OTC 2016 and features the world's largest offshore gathering in pictures.
OTC 2016: Efficient Application Key for Subsea Separation Future
Monday, May 02, 2016 The obstacles facing adoption of subsea separation technology have been overcome. Now, industry must focus on efficient application of existing technologies.
OTC 2016: BP Says Oil Price Not Lower Forever
Monday, May 02, 2016 The oil price will not stay lower forever, says BP's Upstream Chief Executive Bernard Looney.
US Supreme Court rejects appeal in shareholder suit against BP
Monday, May 02, 2016 The US Supreme Court declines a request from shareholders seeking to revive their class action lawsuit against BP claiming the British oil company misrepresented its safety procedures prior to the 2010 Gulf of Mexico oil spill.
EC225LP Helicopters Grounded in UK, Norway after 13 Killed in Crash
Saturday, April 30, 2016 UK Civil Aviation Authority joins Norway in banning EC225LP helicopter flights, as Statoil confirms that employees from Halliburton, Aker Solutions, Schlumberger, Welltec and Karsten Moholt were on the flight.
UPDATE: Western Pennsylvania Natgas Pipeline Explodes, Injuring One
Friday, April 29, 2016 A natural gas pipeline outside Pittsburgh exploded on Friday, setting off a fire that destroyed a home, injuring one person inside it and forcing the evacuation of nearby residents, state and local officials said.
Five Things to Do at OTC 2016
Friday, April 29, 2016 From planning your next career move to planning your next vacation, OTC's not your typical conference.
ExxonMobil Profit Beats Expectations On Big Cost Cuts
Friday, April 29, 2016 ExxonMobil reports a higher-than-expected 1Q profit as it slashes costs to offset plunging crude prices and weak refining margins.
Polls: Most Oil, Gas Pros Believe they Can Enjoy Long Career
Friday, April 29, 2016 In a series of Twitter polls, Rigzone finds that oil and gas professionals are hopeful they can enjoy a career in oil and gas despite many having considered leaving the industry recently.
GE Focuses on Digital Technology amid Downturn
Friday, April 29, 2016 GE Oil & Gas continues technology investment through downturn, with a focus on digital technology for offshore operations.
Oil Ends Steady Near $50; Best Monthly Gain in Brent in 7 years
Friday, April 29, 2016 Oil prices ended steady on Friday after hitting 2016 highs but finished April trading about 20 percent higher, with Brent crude having its best monthly gain in seven years.
Pemex Says $8B More In Government Aid Could Be On Its Way
Friday, April 29, 2016 Mexico is doing everything it can to salvage its cash cow, and the next step may be to reimburse the oil giant for $8 billion in pension liability savings.
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|Brent Crude Oil :||$44.62/BBL||4.55%|
|Light Crude Oil :||$43.78/BBL||0.29%|
|Natural Gas :||$2.14/MMBtu||2.88%|
|Updated in last 24 hours|