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Indonesia's New Energy Chief Seeks to Shore Up Regulator
Friday, October 31, 2014 Appointing a permanent leadership at Indonesia's graft-tainted energy regulator will be a top priority for the new government of Southeast Asia's largest oil producer, the energy and mineral resources minister says.
Exxon, Chevron Results Boosted by Refining as Oil Prices Slip
Friday, October 31, 2014 A surge in refining profits boosts quarterly results at Exxon Mobil and Chevron.
Total's New boss Says Europe Must Fight Export Ban US Oil
Friday, October 31, 2014 Total's new CEO says the US oil export ban flouts free-trade agreements and puts European and Asian refiners at a disadvantage.
Wood Mackenzie: Thailand's Upstream Outlook at Risk from Fiscal Reforms
Friday, October 31, 2014 Wood Mackenzie discusses how the calls for tougher fiscal policies in Thailand may risk future exploration activity in the country.
Oil Slips On Dollar, Rate Fears After 2-day Gain; Brent Below $87
Thursday, October 30, 2014 Oil prices closed down 1%, resuming their downtrend after a two-day climb.
Conoco 3Q Profit Rise, 2015 Capex Seen Lower
Thursday, October 30, 2014 ConocoPhillips reports higher third-quarter profit from the sale of its Nigerian unit but lowered its fourth-quarter production outlook.
EMAS Offshore Switches Gears from Leased FPSO to EPC Business
Thursday, October 30, 2014 EMAS Offshore changes tack in its floating production business by targeting engineering, procurement and construction contracts instead of focusing on leasing deals.
Argentine Congress Passes Law Aimed At Attracting Oil Investment
Thursday, October 30, 2014 Argentina's Congress gives final approval to a law revamping energy investment regulations, the latest step by President Fernandez to lure foreign companies into the country's promising shale sector.
Enhanced Oil Recovery: Can Chemical EOR Take Off?
Thursday, October 30, 2014 In the second of three articles focused on enhanced oil recovery, research firm Visiongain looks at how chemical EOR is moving from a pilot phase to commercial scale.
Total's New Boss Says Europe Must Fight US Oil Export Ban
Thursday, October 30, 2014 The new head of Total challenged Europe to fight Washington over the US oil export ban, in his first public appearance since his predecessor.
Enhanced Oil Recovery: Prospects for CO2-based EOR
Wednesday, October 29, 2014 In the first of three articles examining enhanced oil recovery, research firm Visiongain looks at the prospects for carbon dioxide-based EOR.
Hess To Proceed With $6B US Oil Project Despite Price Dip
Wednesday, October 29, 2014 Hess says it would proceed with the development of the $6B Stampede project in the US Gulf of Mexico, one of the biggest energy investments announced during the current oil price slump.
Bakken Production Surge Boosts Hess Quarterly Profit
Wednesday, October 29, 2014 Hess posts a better-than-expected quarterly profit as production jumped and costs fell in North Dakota's booming Bakken shale formation.
Monitor: Islamic State Fights Syrian Army for Gas Field, Kills 30
Wednesday, October 29, 2014 Islamic State militants kill at least 30 pro-government fighters in an assault on a gas field, according to a monitoring group.
Texas RRC Issues New Regulations on Fracking Disposal Wells
Wednesday, October 29, 2014 Texas' oil and gas regulatory body issues new rules regarding the location and operation of disposal wells used in hydraulic fracturing.
Oil Ends Up As US Crude Stocks Rise Less Than Expected
Wednesday, October 29, 2014 Oil prices close higher for a second day in a row after data showed US crude stockpiles rose less than expected last week.
Baker Hughes Launches MultiNode Intelligent Well System
Tuesday, October 28, 2014 Rigzone catches up with Baker Hughes at the Society of Petroleum Engineers annual conference in Amsterdam to find out about its new MultiNode intelligent well system.
Noble Energy Profit Misses Expectations On Weak Oil Growth
Tuesday, October 28, 2014 Noble Energy posts lower-than-expected quarterly profit as US oil production disappointed analysts partly due to an ongoing lack of infrastructure in a key shale field.
Norway's Fred. Olsen Energy Sees Tough Rig Market Ahead
Tuesday, October 28, 2014 Fred. Olsen Energy says the global rig market will struggle with lower demand and oversupply.
Oil Rises After 2-Day Loss; US Inventories Seen Up Again
Tuesday, October 28, 2014 Crude oil prices close higher, with Brent finishing just above $86 a barrel after two straight days of losses.
Maersk: Drilling Industry Dip Could Last Into 2016
Tuesday, October 28, 2014 The global offshore oil rig market's downturn could last into 2016, longer than seen a few months ago as a fall in oil prices exacerbates the dip, the chief executive of Maersk Drilling says.
Kerry Wants Keystone Pipeline Decision 'Sooner Rather Than Later'
Tuesday, October 28, 2014 US Secretary of State John Kerry says he would like to make a decision soon on TransCanada's Keystone XL crude oil pipeline.
Kuwait Says Technical, Not Political, Reasons Behind Oilfield Closure
Monday, October 27, 2014 A senior Kuwaiti official said the Khafji oilfield, run jointly with Saudi Arabia, had been shut down for "purely technical and not political" reasons, state news agency KUNA reports.
Minister: Singapore Evaluating Sites to Locate Second LNG Terminal
Monday, October 27, 2014 Development of Singapore's second liquefied natural gas terminal is still far away as the government continues with a study to choose a site for the project in the eastern part of the island-state.
Goldman Slashes 2015 Oil Price Forecast As Glut Grows
Monday, October 27, 2014 Goldman Sachs slashes its 2015 oil price forecasts, making it the most bearish among major financial institutions.
FracInsight Offers Better View of Where to Fracture Rock
Monday, October 27, 2014 Knowing where to hydraulically fracture a well remains a challenge for the oil and gas industry, a Halliburton official says at SPE's ATCE.
Saipem Wins Engineering, Drilling Deals Worth $2 Billion
Monday, October 27, 2014 Saipem says it won around $2 billion worth of engineering, construction and drilling contracts in the Middle East and Latin America.
Kemp: Divided By Shale, Only Some US States Win
Monday, October 27, 2014 Thanks to shale, energy-producing states have been the strongest economic performers in the US over the past decade, sharply improving their position compared with the energy-consuming states.
Oil Price, Industry Costs Dominate Debate at SPE Amsterdam Meet
Monday, October 27, 2014 The oil price and the need for the oil and gas sector to reduce its operating costs dominate the debate at the opening session of the SPE's Annual Technical Conference and Exhibition in Amsterdam.
US Oil Recovers From Dip Below $80 On Short-Covering
Monday, October 27, 2014 US oil prices rebound after tumbling to a 28-month low below $80 per barrel as short-covering helps offset earlier losses triggered by Goldman Sachs slashing its price forecasts.
Inside BP's Upstream Learning Center
Friday, October 24, 2014 Rigzone takes a look around BP's new Upstream Learning Center in Sunbury near London.
Spain Appeals Planned Canary Island Vote On Oil Drilling
Friday, October 24, 2014 Spain's government launches an appeal in the Constitutional Court seeking to halt a Canary Islands referendum next month, Deputy Prime Minister Soraya Saenz de Santamaria says.
Study: Oil, Gas Drilling Activities Provide Major Economic Stimulus for US
Friday, October 24, 2014 Oil and gas exploration and production account for much of the growth in employment and economic activity across the country, an analytical study said.
WoodMac: US to Achieve Energy Independence by 2025
Friday, October 24, 2014 Higher production and lower demand are driving the United States on the path to energy independence by 2025, according to Wood Mackenzie.
China's Top Diplomat to Visit Vietnam Again Amid Sea Dispute
Friday, October 24, 2014 Chinese diplomat visits Vietnam over oil rig operating in part of the South China Sea that both countries claim.
Brent Oil Ends Week Flat, Pausing Rout, as US Contango Looms
Friday, October 24, 2014 Brent oil prices fell but were little changed on the week as traders caught their breath from a months-long rout, even as signs of rising global supply and a U.S. contango structure threatened deeper losses.
Contractors Shift Focus In Changing Australian Industry
Friday, October 24, 2014 With the development phase of Australia's LNG industry starting to slow, contracting companies operating in the country are diversifying into new areas of service.
Brent Up Almost 3%, Biggest Gain Since June, On Reported Saudi Cut
Thursday, October 23, 2014 Brent crude oil jumps nearly 3%, its most in over four months, after an industry source says Saudi Arabia cut output in September following the summer's tumble in prices.
Asia Leads in Global LNG Demand Growth, China Support
Thursday, October 23, 2014 Asia will be the main driver of global demand growth for liquefied natural gas, lifted by expectations of higher gas consumption in China.
Husky Energy Profit Rises 11.5% On Increased Production
Thursday, October 23, 2014 Husky reports an 11.5% rise in quarterly profit, helped by a 10% increase in production.
Mozambique Offers More Gas And Oil Blocks Week After Election
Thursday, October 23, 2014 Mozambique opens up 15 new areas for exploration and production, a week after national elections which are expected to return the ruling Frelimo party to power.
Russian Prosecutors Detain More Suspects In Total CEO Plane Crash
Thursday, October 23, 2014 Prosecutors detain four Moscow airport workers and deny bail to the driver of a snow plough involved in the plane crash that killed the CEO of Total earlier this week.
Three Azeri Workers Die In Offshore Platform Accident
Thursday, October 23, 2014 Three workers were killed and one is still missing after an accident at one of the offshore oil and gas platforms in the Caspian Sea, SOCAR says.
Thailand Plans Feb Auction Of Petroleum Concessions At 29 Blocks
Wednesday, October 22, 2014 Thailand plans to kick off a new auction round next February for petroleum concessions on 29 onshore and offshore blocks in its effort to secure energy supplies, a senior energy ministry official says.
Oil Dives After Big US Weekly Crude Stock Build
Wednesday, October 22, 2014 Oil prices fall sharply, with US crude approaching $80 a barrel after data shows a second big jump in weekly US crude stockpiles.
Famed Texas Oilman Nelson Bunker Hunt Dead At 88
Wednesday, October 22, 2014 Nelson Bunker Hunt, the Texas oilman once considered the world's richest man before his fortunes were undone by Muammar Gaddafi and his own epic overreaching in the silver market, dies at age 88.
Shale Activity Creating Need for Updated Data Management Systems
Wednesday, October 22, 2014 Oil and gas companies should truly understand the scope of their operations before investing in technology solutions to address the complexity and volumes of data in shale operations.
Colombia Could Lower Oil Price Projections For 2015 And 2016
Wednesday, October 22, 2014 Colombia may revise down its projections for the price of oil in 2015 and 2016, Finance Minister Mauricio Cardenas says.
Denton To Vote To Ban Fracturing On November 4
Wednesday, October 22, 2014 The citizens of Denton will be voting Nov. 4 whether or not to ban hydraulic fracturing.
Oil Ends Up After China Demand News, Fragile Recovery Seen
Tuesday, October 21, 2014 Brent crude oil ends up almost 1%, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling.
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