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Offshore to Office: Transitioning from a Rig to Office in Oil, Gas
Friday, March 27, 2015 Industry veterans and experts offer tips and advice for offshore workers who are considering transitioning from working on a rig to working in an office.
Congress Takes On Energy Issues
Friday, March 27, 2015 Federal energy policy in the US took a turn to the right last week as the House passed a budget bill, the EPA and the Department of Interior got sued, and the Senate went on a marathon voting session.
Advanced Drillships Become Burden For Owners As Business Dries Up
Friday, March 27, 2015 Drillship operators face a more brutal hit to margins than they did in 2008 because of the huge cost of maintaining the more than $10B worth of state-of-the-art vessels, analysts say.
Brazil Govt Names Vale CEO Ferreira To Head Petrobras Board
Friday, March 27, 2015 Brazil's government selects Murilo Ferreira, the chief executive officer of miner Vale, to head the board of state-run Petroleo Brasileiro.
Oil Dives 5% As Worries About Iran Talks Trump Yemen
Friday, March 27, 2015 Oil tumbles 5%, erasing the previous session's gains, as Yemen's conflict looks less likely to disrupt Middle East crude shipments.
Shell Moves Rigs To Alaska Ahead Of Possible Drilling Permit
Friday, March 27, 2015 Shell is moving oil rigs to Alaska ahead of the possible resumption of controversial drilling activities as the oil major awaits the green light from US authorities.
Baker Hughes: US Oil Rig Decline Smallest Since December
Friday, March 27, 2015 The number of rigs drilling for oil in the US declined by 12 this week to 813, the smallest decline since December, according to Baker Hughes.
Unions: UK North Sea Workers Give 'Overwhelming' Support For Strike
Friday, March 27, 2015 Trade unions Unite and GMB say members working offshore in Britain's oil and gas industry showed overwhelming support for industrial action in a consultative ballot.
Oil Up 5% After Saudi Strikes In Yemen; Dollar Limits Gains
Thursday, March 26, 2015 Oil jumps about 5%, rallying a second straight day, after air strikes in Yemen by Saudi Arabia and its Gulf Arab allies spark fears of a bigger Middle East battle.
Norway's Industrial Workers Reach Last Minute Wage Deal
Thursday, March 26, 2015 Norwegian manufacturing workers reached a last minute wage deal with employers on Thursday, averting mediation and a possible strike, the LO and NHO say.
Sensor Technology Allows Better Visibility in Tracking Fluids
Thursday, March 26, 2015 A sensor technology allows oil and gas operators to better understand the movement of oil and water in reservoirs.
Mexico's First Oil Tender to Feature Extended Exploration Period
Thursday, March 26, 2015 As Mexico opens up its oil sector to private producers for the first time in decades, the initial set of contracts up for grabs later this year will feature extended exploration periods.
Cyprus Draws Norway Parallel After Latest Gas Quest Failure
Thursday, March 26, 2015 Cyprus' president sought to draw a parallel with oil-rich Norway after the latest failure in the Mediterranean island nation's quest for gas.
Canada's New Brunswick Province Bans Fracking, Plans Study
Thursday, March 26, 2015 Lawmakers in New Brunswick voted to prohibit fracking in the eastern Canadian province, committing to study the method for one year before reconsidering the ban in 2016.
Slow Start For LatAm Despite Oil Price Jump
Thursday, March 26, 2015 Latin American credits were off to a lackluster start despite an uptick in crude prices, with names largely drifting lower amid a softer tone in the broader market.
Oil Council: Shale Won't Last, Arctic Drilling Needed Now
Thursday, March 26, 2015 In order for the US to keep domestic production high and imports low, oil companies should start probing the Artic now, an Energy Department advisory council says in study.
Energy-Focused Agent Sees Patience, Caution in Houston's Real Estate Market
Wednesday, March 25, 2015 For many who work in the oil and gas industry, relocation is a given.
As Oil Prices Slide, North Dakota Sees Manufacturing In Its Future
Wednesday, March 25, 2015 Business and community leaders in North Dakota's western oil patch launch an aggressive campaign to convince more manufacturers to set up shop locally.
Task Force: Britain Needs New Regulator For Shale Gas Industry To Take Off
Wednesday, March 25, 2015 Britain needs a new regulator for onshore underground energy and shale gas companies must engage with local communities more effectively before a UK shale gas industry can be developed.
Rigzone-TRG Survey Finds Strong Industry Loyalty Among APAC O&G Employees
Wednesday, March 25, 2015 A recent survey finds Asia Pacific oil and gas professionals staying loyal to the industry although there were dissatisfaction with the current benefit packages.
Oil Up 3% On Weak Dollar, Speculative Buying, Yemen
Wednesday, March 25, 2015 Oil settles up about 3% as a weak dollar, fighting in Yemen and speculative buying boost crude prices.
Wood Mac: Demise of Unconventional Oil 'Exaggerated'
Wednesday, March 25, 2015 The economics of Lower 48 oil projects remain robust in spite of lower oil prices, Wood Mackenzie reports.
North Dakota Oil Rig Count Drops Below 100
Wednesday, March 25, 2015 The number of drill rigs in western North Dakota's oil patch slips below 100 for the first time in 5 years.
Schlumberger Pleads Guilty To Violating US Sanctions On Iran, Sudan
Wednesday, March 25, 2015 The US Justice Department says that a subsidiary of Schlumberger Oilfield Holdings pleaded guilty to violating US sanctions related to Iran and Sudan and would pay a $237.2 million fine.
Scotland, Australia: a Long-Held Partnership, but More to be Done
Tuesday, March 24, 2015 Neil McInnes, head of SE Asia and Australasia at Scottish Development International, gives an overview of the long partnership between Scotland and Australia, and the value it can deliver in the future.
Brent Slides, US Crude Holds Flat On Resilient Dollar
Tuesday, March 24, 2015 Brent crude oil falls as the dollar regains its footing against the euro and fears of global oversupply persist.
Libya's State Oil Firm NOC Operating Independently, Says Rival Government
Tuesday, March 24, 2015 Libya's state oil firm NOC based in the Tripoli is operating independently, says a minister of a rival government of the North African that controls the capital city.
Gulf OPEC Delegate: Global Demand To Help Oil Prices Despite US Glut
Tuesday, March 24, 2015 Stronger-than-expected global oil demand should help support crude prices at around $55-$60 a barrel in the next two months, a senior Gulf OPEC delegate says.
Alberta To Pick New Oil Marketers By End-May After Nexen Trading Shutdown
Tuesday, March 24, 2015 The Alberta government will decide before the end of May which companies will take over contracts to market the Canadian province's crude, a spokesman says.
Woodside to Cut 300 Jobs, Freeze Pay to Battle Oil-Price Drop
Tuesday, March 24, 2015 Woodside says it would axe about 300 jobs this year and freeze all salaries as it continues to slash costs to cope with a sharp slump in oil prices.
Clyde Russell: LNG's Move to Structural Surplus Mirrors Iron Ore, Coal
Monday, March 23, 2015 Is liquefied natural gas the next iron ore or coal, destined for an extended period of weak prices amid a shift from market deficit to structural oversupply?
US Drillers Scrambling To Thwart OPEC Threat
Monday, March 23, 2015 Companies are leaning on new techniques and technology to get more oil out of every well they drill, and furiously cutting costs in an effort to keep US oil competitive with much lower-costing oil.
Saudi Minister: OPEC Won't Bear Burden of Propping Up Oil Price
Monday, March 23, 2015 OPEC will not take sole responsibility for propping up the oil price, Saudi Arabia's oil minister says, signalling the world's top petroleum exporter is determined to ride out a market slump that has roughly halved prices since last June.
Schlumberger Sees Prudence As New Normal For US Shale Oil
Monday, March 23, 2015 Prudence will be the new normal for the US shale oil industry, which has quickly abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger says.
Oil Rises More Than 1%, Boosted By Weaker Dollar
Monday, March 23, 2015 US crude futures settle more than 1% higher, boosted by a falling dollar that outweighed pressure on prices from a global supply glut.
Oil Jumps On Weaker Dollar; US Crude Up 4%
Friday, March 20, 2015 Oil prices jump with US crude up 4% after the dollar falls on interest-rate uncertainty.
DOI Issues Final Rule on Federal Fracking Standards
Friday, March 20, 2015 DOI officials say the new standards for hydraulic fracturing on federal and Indians are common sense updates, but energy industry groups and Congress members disagree.
Saudi Looking Beyond Oil Price Slump As Rig Count Spikes
Friday, March 20, 2015 As the global energy industry stares transfixed at a spectacular drop in US rigs, Saudi Arabia is ramping up the number of machines drilling for oil and gas despite a sharp fall in the price of crude.
Deloitte: Time Right to Reinvent Human Resources Profession in Oil, Gas
Friday, March 20, 2015 An Australian oil and gas industry in transition has provided a platform for human resources professionals to deliver a more valuable service, Deloitte says.
Calgary Stampede Feeling The Impact Of Oil Price Plunge
Friday, March 20, 2015 Canada's top rodeo is feeling the impact of the global oil price plunge, with bids to sponsor one of the Calgary Stampede's main events down more than 20% from last year.
Source: China to Lend Venezuela $10B in Coming Months
Friday, March 20, 2015 China will lend Venezuela around $10 billion in coming months, half as part of a bilateral financing deal and the other half for the development of oil fields, a senior official at PDVSA says.
China Indicts Former Oil Boss on Corruption Charges
Friday, March 20, 2015 The former chairman of the stated-owned parent of PetroChina, Asia's biggest oil producer, has been indicted in a spreading anti-corruption crackdown.
CIMC Raffles to Co-Finance Semisub Construction Ahead of Demand Uptick
Thursday, March 19, 2015 Chinese rig builder CIMC Raffles is chipping in to tide over rig owners on financing newbuild semisubmersible projects.
Libya's State Oil Firm Operating Independently Of Rival Governments
Thursday, March 19, 2015 Libya's National Oil Corporation (NOC) is working independently without taking orders from either of the country's rival governments, the Tripoli-based group says.
Oil Falls As dollar Up, Kuwait Sees OPEC Output Steady
Thursday, March 19, 2015 Oil prices tumble as a rebounding dollar and Kuwait's stance that OPEC has no choice but to keep producing in an oversupplied market undercut the previous day's rally.
Kuwait: OPEC Has No Choice But To Keep Output Unchanged
Thursday, March 19, 2015 OPEC has no choice but to keep its market share and shun oil output cuts, Kuwait's oil minister says, reiterating the view from the emirate that the group will hold its course when it meets next in June.
Unions To Ballot UK North Sea Oil Workers Over Appetite For Strike
Thursday, March 19, 2015 Trade unions Unite and GMB are balloting their members working offshore in Britain's oil and gas industry to gauge appetite for strike action over changes to shift patterns and other grievances.
Venture Taranaki: NZ Oil & Gas Industry Adds More Jobs in Recent Years
Thursday, March 19, 2015 Venture Taranaki says in a study that New Zealand's oil and gas industry created more jobs and generated more income for the country's economy last year compared to 2010.
Oil Up 5% As Dollar Falls On Worry Of Slow US Rate Hike
Wednesday, March 18, 2015 Oil prices jump as much as 5% as the dollar falls after the Federal Reserve indicated it preferred a more gradual path to normalizing US interest rates.
Cybersecurity Activity Generating its Own Set of Big Data
Wednesday, March 18, 2015 Cybersecurity analytics is generating its own Big Data, industry experts tell Rigzone.
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