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Oil Jumps 5% Second Time In Week On Short-Covering
Friday, December 19, 2014 Oil prices jump more than 5% for a second time in a week as short-covering alleviated pressure in a market dominated by sellers the past six months.
New York Commission Will Recommend Banning Fracturing
Friday, December 19, 2014 New York, which is a net importer of energy, could be a part of the solution to its energy problems by following the lead of its neighboring states Pennsylvania, West Virginia and Ohio.
Report: Only Three out of Four IOCs Generating Enough Free Cash at $60/bbl
Friday, December 19, 2014 IOCs will need to cut spending by $170 billion in 2015 in order to keep net debt flat at $60/barrel, according to a Wood Mackenzie report.
Halliburton CEO: Restructuring Possible as 2015 Looks to Be 'Tough Year'
Friday, December 19, 2014 Halliburton may further restructure its operations as 2015 looks to be "tough year" for oil and gas industry.
Exec: Bakken Rail Loading Available Today, Will Be Vital Tomorrow
Friday, December 19, 2014 Crude oil export options are expanding and diversifying for Bakken producers.
Two Killed, Three Hurt In Oklahoma Oil Rig Explosion
Friday, December 19, 2014 An explosion and fire at a southeastern Oklahoma oil rig early Friday killed two workers and injured three others, two of them critically.
University of Colorado's GEM Program Prepares for the 'Big Crew Change'
Friday, December 19, 2014 CU offers its GEM Program for energy industry workers wishing to enhance their careers while obtaining a Master of Science degree.
Singapore Shipyards Keep Busy in Second Half of Year
Friday, December 19, 2014 Singapore's major yards managed to keep busy in the second half of 2014 after experiencing a slow first half in orders for rig & platform fabrication and vessel conversions.
Report: Texas Could Face 2.7 Trillion Gallon Water Shortfall by 2060
Friday, December 19, 2014 The state of Texas could face a water shortfall of 2.7 trillion gallons by 2060, according to a recent report by Texas A&M University's Mosbacher Institute.
In North Dakota, Countdown Looms For $5.3 Billion Oil Tax Break
Friday, December 19, 2014 Tumbling US oil markets hit an important if obscure milestone Thursday, closing for the first time at a price that could trigger a $5.3B, 2-year tax break for North Dakota oil drillers.
Sources: China Ends Near Decade of Rising Iraq Crude Oil Orders
Thursday, December 18, 2014 Chinese oil firms will keep the amount of crude they buy from Iraq unchanged in 2015 for the first time in almost a decade.
EIA, Analyst: US Crude Production Strong, Despite Rig Count Decline
Thursday, December 18, 2014 A drop in rig counts as crude oil prices weaken does not have to translate into a drop in production, analyst says.
Oil Tumbles After Brief Rebound; Brent Back Below $60
Thursday, December 18, 2014 Global crude oil prices slump anew, a day after a short-covering rally, as traders place fresh bets that the market will resume a six-month rout on worries about a supply glut.
Energy Demand to Underpin Long Term Growth in Offshore E&P Expenditure
Thursday, December 18, 2014 Higher global energy needs are likely to boost long term growth in expenditure for exploration and production in the offshore oil and gas industry.
Few Big US Land Drillers Set To Ride Out Oil Downturn As Winners
Thursday, December 18, 2014 Large US onshore drilling firms that operate new, faster rigs are best placed to weather the looming downturn brought by slumping crude prices.
Most North America Shale Plays Still Profitable at $65/Barrel
Thursday, December 18, 2014 Most North America shale plays should remain profitable at $65/barrel, an industry expert tells Rigzone.
Saudi's Naimi: OPEC Cannot Cut Alone But Others Would Not
Thursday, December 18, 2014 Saudi Arabia's oil minister Ali Al-Naimi says that OPEC could not cut output without the support of other big producers and attempts to get them on board had not worked.
Legal Standing May Be Key To Nebraska Court's Keystone XL Case
Thursday, December 18, 2014 The controversial Keystone XL pipeline has a major hurdle to cross in the Nebraska State Supreme Court, which may rule as soon as Friday, and one aspect of the case there has been somewhat overlooked.
EU Bans Investment in Crimea, Targets Oil Sector, Cruises
Thursday, December 18, 2014 The EU bans investment in Crimea, halting European help for Russian Black Sea oil and gas exploration.
New York Bans Fracking After Health Report
Wednesday, December 17, 2014 New York Governor Andrew Cuomo's administration says it will ban hydraulic fracturing in the state after a long-awaited report concluded that the gas-drilling method poses health risks.
Kurdistan Says Nearing Economic Self-Sufficiency On Oil Boom
Wednesday, December 17, 2014 Kurdistan will see a steady rise in oil exports in the coming months, moving it closer to economic self-sufficiency.
Low Oil Prices to Slow, but Not Derail US Shale Boom
Wednesday, December 17, 2014 Lower oil prices will slow, but not derail US shale activity in 2015, industry experts say.
Despite Pain, OPEC Hawks Come Round To Merits Of Riding Out Oil Slump
Wednesday, December 17, 2014 OPEC members which backed an output cut at the group's meeting last month are coming around to the view of Saudi Arabia that they need to focus on market share.
Petrobras CEO Says Rousseff Refused Offer To Resign On Scandal
Wednesday, December 17, 2014 Petrobras may have to resign to avoid further delays of the company's audited 3Q earnings report.
Major HSE Training Program Starts in Iraq
Wednesday, December 17, 2014 Shell and OPITO get together to train up to 15,000 Iraqi energy industry workers to deal safely with hydrogen sulphide.
Oil Surges In About-Face As Some Bet Sub-$60 Brent Won't Last
Wednesday, December 17, 2014 World oil prices jump as much as 6% before closing off their peaks as weeks of nearly non-stop selling abruptly halt.
OPEC Signals 'Wait And See' Approach Could Last A Year
Tuesday, December 16, 2014 Core Gulf OPEC oil producers signal they are prepared to wait as long as six months to a year to see the market stabilize.
Report: $930B in Future Oil, Gas Investments at Risk from Low Oil Prices
Tuesday, December 16, 2014 Future oil and gas project investments of $930 billion could be at risk due to lower oil prices, according to a Goldman Sachs research note.
Brent Falls, Ends Below $60, US Crude Up Near $56
Tuesday, December 16, 2014 Brent crude futures fall for a fifth straight day to end below $60 a barrel while US crude finishes a volatile session slightly higher.
Bank of England: Plunging Oil Prices Could Boost Geopolitical Tensions
Tuesday, December 16, 2014 Plunging oil prices could heighten geopolitical tensions, the Bank of England warns.
Repsol Agrees $8.3B Takeover Offer for Talisman
Tuesday, December 16, 2014 Repsol will pay $8.3 billion to buy Canada's Talisman Energy in a deal that the Spanish firm says will transform it into one of the largest energy groups in the world.
Skilled Oil, Gas Workers Needed by Petronas if BC LNG Terminal Approved
Tuesday, December 16, 2014 Several hundred workers will likely be needed to help construct an LNG terminal for Petronas if the project is approved by Pacific Northwest LNG.
Oil Pipeline To Top US Senate Agenda Next Year
Tuesday, December 16, 2014 The Senate's first act in January will be approval of the Keystone XL pipeline, Republican leader Mitch McConnell says.
Keystone XL: Oil, Gas Industry Awaits Fate of the Pipeline's Final Phase
Tuesday, December 16, 2014 TransCanada, and the oil and gas industry, is hoping 2015 is the year that the Keystone XL pipeline project gets the go-ahead.
US Jury Finds Apache Did Not Breach Contract With W&T Offshore
Monday, December 15, 2014 Apache was not in breach of contract in a lawsuit brought by W&T Offshore Inc in 2011, a federal jury found, according to a court filing.
Apache To Sell Stakes In 2 LNG Projects To Woodside For $2.75B
Monday, December 15, 2014 Apache says it would sell its stakes in two LNG projects, Wheatstone LNG in Australia and Kitimat LNG in Canada, to Australia's Woodside for $2.75 billion.
Another Former Petrobras Executive Charged In Brazil Scandal
Monday, December 15, 2014 Brazilian prosecutors say they filed criminal charges against another former executive at Petrobras and three other people for alleged involvement in a massive kickback scheme at the state-run oil company.
Ukraine Says Chevron Plans To Pull Out Of $10B Shale Gas Deal
Monday, December 15, 2014 Chevron plans to withdraw from a $10 billion shale gas deal with Kiev, a senior Ukrainian presidential official says.
Oil Falls Anew As OPEC Emergency Meet, Output Cut Ruled Out
Monday, December 15, 2014 Crude prices plunge further after OPEC once again says it will not cut oil output despite fears of a glut.
Report: Shale Vulnerable to Short-Term Investment Cuts Versus Deepwater
Monday, December 15, 2014 Companies with flexible financing may choose US deepwater project investment opportunities over US shale in the near-term, according to a recent report.
Nigeria Oil Unions Start Strike, Output Seen Unaffected
Monday, December 15, 2014 Nigeria's oil unions began an indefinite strike, although crude output in Africa's top producer is not likely to be affected, oil industry sources says.
Q&A with Canada's MacPhail Energy School Training Consultant Abid Rashid
Monday, December 15, 2014 Rigzone interviews Abid Rashid, a training consultant at SAIT Polytechnic's MacPhail School of Energy in Canada, on manpower and training issues facing the petroleum industry.
Kemp: Past Oil Price Slumps Show US Drillers' Inertia
Monday, December 15, 2014 The most important characteristic of the US oil industry is inertia - or to put it another way, drilling and production respond sluggishly even to a large change in prices, John Kemp says.
Nigeria's Main Oil Worker Unions To Start Strike On Dec 15
Sunday, December 14, 2014 Nigeria's two main oil worker unions will begin an indefinite nation-wide strike starting on Dec. 15, the unions said.
OPEC Chief Defends Policy, Says Group to Try to Ride Out Price Fall
Sunday, December 14, 2014 OPEC says it can ride out a slump in oil prices and keep output unchanged, arguing market weakness did not reflect supply and demand fundamentals.
IEA: Slow Demand, Rising Supply Put Further Pressure On Oil Price
Friday, December 12, 2014 Oil prices are likely to come under further downward pressure, IEA says, as it cuts its outlook for demand growth in 2015 and predicts healthy non-OPEC supply gains will aggravate a global oil glut.
Petronas to Boost Training Enrollment at Instep, Unfazed by Oil Prices
Friday, December 12, 2014 Falling oil prices have no impact on plans by Petronas' Instep training center to increase student in-take.
Colombia's Ecopetrol Board Says To Replace CEO Gutierrez
Friday, December 12, 2014 Ecopetrol will replace CEO Javier Gutierrez after 8 years as it seeks to shift strategy after falling far short of production goals and seeing its stock plummet.
Indonesia Energy Regulator Sees 2015 Upstream Spending At $22B
Friday, December 12, 2014 Indonesia expects spending in its upstream oil and gas sector to reach $22.2 billion in 2015, a senior official at the upstream regulator says, 13% less than the amount budgeted for this year.
KPMG Analyst: Still Bullish about Oil, Gas Market Despite Crude Downturn
Friday, December 12, 2014 Crude oil prices will likely begin trending up again soon as OPEC constricts supply, an analyst said.
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