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News Categories: Industry Headlines News

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Airport Spokeswoman: Total CEO de Margerie Killed in Moscow Plane Accident
Tuesday, October 21, 2014 The chief executive of Total, Christophe de Margerie, was killed in an airplane collision with a snowplow at Moscow's Vnukovo International Airport, airport spokeswoman Elena Krylova says.

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.

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.

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.

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.


  



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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Brent Crude Slides To Lowest Since 2010 On Saudi Output Signal
Monday, October 13, 2014 Brent oil prices fall, tumbling more than $2 a barrel intraday to their lowest since 2010.

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.

IEA Chief: Oil Price Slump Yet To Hit US Shale Oil Production
Monday, October 13, 2014 The vast majority of shale oil in the US is produced at costs far below the current price of crude, IEA says, which means US projects can withstand the market slump squeezing other producers.

In Oil Price War, Saudi's Biggest Rival Is Next Door
Friday, October 10, 2014 Kuwait is challenging Saudi Arabia in an increasingly competitive battle for market share as it sells oil to buyers in Asia at its widest discount for 10 years.

Industry, US Coast Guard Focus on Safety While Performing Core Functions
Friday, October 10, 2014 As the industry strives to improve safety during drilling operations, the US Coast Guard seeks to provide regulatory coverage without slowing the production process.

Oil Rebounds Off 4-Year Low On Short Covering
Friday, October 10, 2014 Global oil prices rebound, after sinking to the lowest levels in nearly four years earlier in the day.

New Pipelines To Cost Kashagan Oil Project Up To $3.6B
Friday, October 10, 2014 Kashagan will have to spend another up to $3.6B to replace leaking oil and gas pipelines, which also could delay the restart of production, the Kazakh energy ministry said.

North Sea Deal Activity Down During 3Q
Friday, October 10, 2014 Deal activity in the UK North Sea falls in 3Q 2014, according to new data from Deloitte's Petroleum Services Group.

TIPRO: Oil, Gas Employment and Production Up in Texas, US
Friday, October 10, 2014 Texas leads the way as the United States' energy industry employment and production grows, a new report says.

Venezuela Says To Pay Less Than $1B To Exxon Over Nationalization
Friday, October 10, 2014 Venezuela will end up paying less than $1 billion to ExxonMobil for oil assets nationalized in 2007, after this week's World Bank tribunal award, the Venezuelan government says.

Supply Chain Bottlenecks Threaten North Sea Decommissioning
Thursday, October 09, 2014 Engineering firm Arup says supply chain bottlenecks, including a lack of skilled workers, will prove to be a key challenge for decommissioning of UK North Sea infrastructure.

Brent Drops Below $90; Worry Over Global Economy, Supply
Thursday, October 09, 2014 Brent breaks below $90 a barrel for the first time since the summer of 2012.

Argentine Senate OKs Energy Bill Aimed At Luring Shale Investors
Thursday, October 09, 2014 Argentina's Senate approves a bill aimed at increasing incentives to lure the foreign investors needed to develop its vast shale reserves and erase the country's costly energy deficit.

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