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News Categories: Industry Headlines News

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Results50 articles shown

Jackup Safety: Q&A with ABS
Monday, March 02, 2015 Rigzone talks to David Forsyth chief surveyor at the American Bureau of Shipping about jackup safety.

China Merges Two-Tier Gas Pricing, Introduces More Market Elements
Monday, March 02, 2015 China will end two-tier gas pricing, cutting wholesale natural gas prices for non-residential to track an oil market slump, and will introduce more market-oriented elements in future pricing of the cleaner burning fuel.

Baghdad Says Progress Made on Kurdish Oil Export Dispute
Sunday, March 01, 2015 Iraqi and Kurdish authorities make progress to rescue a deal over crude oil exports.

Bells Toll for Europe's Largest Gas Field
Sunday, March 01, 2015 The future of the Groningen gas field in the northern Netherlands is questioned amid earthquakes.

Atmospheric Water Generation Offers Untapped Water Source
Friday, February 27, 2015 A water technology is demonstrating for oil and gas companies the potential for atmospheric water generation solutions in meeting water needs.


  



Chesapeake Energy Sees Asset Writedowns In 1Q-Filing
Friday, February 27, 2015 Chesapeake Energy, in a regulatory filing, expects to write-down the value of its oil and gas properties in the first quarter, citing low oil and gas prices.

Oil Up Sharply, Posts First Monthly Gain Since June
Friday, February 27, 2015 Crude oil rises sharply as Brent and US futures post their first monthly gains since June.

Mexico OKs 5 Shallow Water Areas In Round One Oil Tender Second Leg
Friday, February 27, 2015 Mexico has approved the auction terms for 5 shallow water areas containing around 355 MMboe as part of its Round One tender opening up oil fields to foreign investors.

E&P Oil Firms Using Stock Sales To De-Lever
Friday, February 27, 2015 Exploration and production companies are bracing for a sustained period of low commodity prices by deleveraging through stock sales - and well-funded firms are surprisingly leading the way.

RWE To Complete DEA Disposal Very Soon
Friday, February 27, 2015 RWE says closure of the sale of its oil and gas unit DEA to Russian tycoon Mikhail Fridman is imminent; media reports completion date as March 1.

Malaysia's Petronas Posts $2B Quarterly Loss, Cuts Spending On Oil Slump
Friday, February 27, 2015 Petronas reports a $2B quarterly loss and says it plans a cut in spending over the next two years due to the slump in global oil prices.

Petrobras Denies Hiring JPMorgan For Subsalt License Sales
Friday, February 27, 2015 Petrobras denies it hired JPMorgan Chase to handle the sale of oil exploration licenses in deep-sea areas off the coast this year.

WSJ: Oil And Gas Producer Penn Virginia Looking To Sell Itself
Thursday, February 26, 2015 Oil and gas producer Penn Virginia Corp is considering selling itself, the Wall Street Journal reports, citing people familiar with the matter.

Exxon Says Spending To Fall 11% This Year To $34B
Thursday, February 26, 2015 ExxonMobil says spending will decline about 11% this year to around $34 billion due to plunging oil prices, according to a regulatory filing this week.

Oil Retreats As Rising US Inventories Continue To Weigh
Thursday, February 26, 2015 Crude oil futures fall sharply as rising inventories in the US pressure both Brent and US contracts and counter expectations for recovering demand.

SandRidge Energy Cuts 2015 Capex By 56%
Thursday, February 26, 2015 SandRidge sets a capital budget of $700 million for 2015, 56% lower than a year earlier, as the company responds to a slump in crude oil prices.

Top Oil Drillers Face Years Of Pain, Get A Grip On Cost
Thursday, February 26, 2015 The world's biggest offshore drillers reports plunging earnings and orders but manages to get a grip on costs to improve their chances of riding out a sectoral crisis that could last.

Transocean Takes $992M Charge On Drilling Business As Oil Slumps
Thursday, February 26, 2015 Transocean writes down the value of its contract drilling business by $992 million as demand slumps due to lower oil prices.

Venezuela Seeks Annulment of Exxon Award at World Bank Tribunal
Thursday, February 26, 2015 Venezuela has requested the annulment of a World Bank tribunal award that orders it pay Exxon Mobil Corp $1.6 billion in compensation for nationalizations, both sides say.

Texas Legislature Gets Down to Business
Thursday, February 26, 2015 Water, transportation and taxes are amongst the key issues the Texas Legislature is set to tackle.

Brent Crude Up 5% As Saudi Sees Improved Demand For Oil
Wednesday, February 25, 2015 Brent Crude Up 5% As Saudi Sees Improved Demand For Oil

UK Oil & Gas Authority Issues 'Call to Action'
Wednesday, February 25, 2015 A report from the new Oil & Gas Authority issues a "call to action" to protect and sustain the UK oil and gas industry.

Kemp: Keystone Shows Environmental Review Process Is Broken
Wednesday, February 25, 2015 Keystone has become a symbol of a broken decision-making process that should be overhauled to ensure the US can meet the urgent energy and environmental challenges of the 21st century, analyst John Kemp says.

Huge Oilfields to Boost Kazakhstan's Crude Output from 2017
Wednesday, February 25, 2015 Kazakhstan's currently stagnant oil production is forecast to rise from 2017 after the Central Asian nation's huge Kashagan oilfield restarts output and the Tengiz project is expanded, a senior energy official says.

Encana Cuts 2015 Budget After 85% Fall In Operating Profit
Wednesday, February 25, 2015 Encana slashes its 2015 capital budget by a quarter in response to a slump in global crude oil prices.

UK Shale Gas Firm Cuadrilla Hits Further Planning Snag
Wednesday, February 25, 2015 Cuadrilla hits another obstacle to getting the gas out of the ground when a local council refuses it a permit for a site where it wanted to take geological measurements.

Some Asian Drilling Firms Plan to Carve Niches in Current Downturn
Wednesday, February 25, 2015 While the fortunes of petroleum companies tumble in line with lower oil prices, some Asian drilling contractors hope to carve niches in this adverse business climate.

Oil Prices Leave Uneven Impact on Offshore Sector
Tuesday, February 24, 2015 Despite cost reductions dominating news headlines in the petroleum industry, in reality, weak oil prices have an uneven impact on firms operating in the offshore sector.

Israeli Regulator Delays Monopoly Decision On Natural Gas Fields
Tuesday, February 24, 2015 Israel's competition regulator delayes a decision on whether to declare the country's natural gas fields a monopoly for two months to allow time for an agreed solution to be reached.

New Oil Rush? Private Equity Starts To Buy Into Energy Assets
Tuesday, February 24, 2015 A slump in oil prices has spurred activity among private equity investors around the world hoping for their own bumper returns by scooping up assets on the cheap.

Oil Turns Lower On Expectations Of Crude Oil Inventory Rise
Tuesday, February 24, 2015 Crude oil futures fall as expectations that this week's reports will show US crude inventories rise again countered supportive news of Libyan oilfields being shut.

Latest Activity Survey 'Paints Bleak Picture' of UK Oil, Gas Sector
Tuesday, February 24, 2015 Oil & Gas UK's latest Activity Survey report "paints a bleak picture" of the industry on the UK Continental Shelf.

Obama Vetoes Keystone Pipeline Approval Bill
Tuesday, February 24, 2015 President Obama swiftly delivers on his vow to veto a Republican bill approving the Keystone XL oil pipeline from Canada.

Small Oil Spill Occurs at Maari Field Off Taranaki in New Zealand
Tuesday, February 24, 2015 Small oil spill occurs at Maari field off Taranaki in New Zealand, with a local authority not expecting the oil to wash up on the region's beaches.

Uganda Offers Six Petroleum Blocks In First Competitive Licensing Round
Tuesday, February 24, 2015 Uganda is offering 6 petroleum blocks in its first competitive licensing round for oil exploration in the Albertine Graben area, the Energy and Mineral Development Ministry says.

Balance, Efficiency Key to Hess Weathering Low Oil Price Storm
Monday, February 23, 2015 Rigzone talks with Hess' Senior Vice President of Offshore Brian Truelove on the company's strategy for weathering the low oil price environment.

Oil Falls 2% On Glut Worries; Heating Oil Up On Tight Supply
Monday, February 23, 2015 Crude oil futures fall more than 2% as investors worry about oversupply and a strong dollar.

Icy Conditions May Snarl Oil, Gas Operations In West Texas
Monday, February 23, 2015 A wide swath of freezing rain and drizzle that hit West Texas has left roads in the Permian Basin coated in ice, creating hazardous conditions for the oil and gas industry, a forecaster says.

FT: Nigeria Will Call Emergency OPEC Meeting If Oil Rout Continues
Monday, February 23, 2015 Nigeria will call an extraordinary meeting of OPEC if crude oil prices slip any further, the country's oil minister says in an interview with the Financial Times.

US Shale Oil's Crash Diet Likely To Bring Forward Output Dip
Monday, February 23, 2015 Shale oil producers are throttling back so quickly on drilling that US crude output could fall sooner than expected, within months, executives say.

Environmental Activists Target Flaring Of Natural Gas
Friday, February 20, 2015 However, allegations from environmentalists pick only certain information that is frequently undocumented and lacks scientific credibility.

Oil Ends Mixed After Mild Rig Count Drop, Heating Oil Spikes
Friday, February 20, 2015 Crude prices end mixed as the number of US rigs drilling for oil falls far less than expected this week.

Russia's Eurasia Drilling Says Merger With Schlumberger Delayed
Friday, February 20, 2015 Eurasia Drilling says it was delaying a deal to sell a stake in the company to Schlumberger while it waited for approval from a Russian regulator.

GE Oil & Gas Adjusts Recruitment Strategy
Friday, February 20, 2015 Rigzone catches up with Harry Elsinga, VP Human Resources at GE Oil & Gas.

API Reviews Proposed Arctic Offshore Regulations
Friday, February 20, 2015 The Arctic is an essential piece of the energy equation and vital to keeping America's status as a world leader in energy, API Director of Upstream Erik Milito says.

EU to 'Reframe' Russian Energy Ties When Time is Right
Friday, February 20, 2015 The EU will consider reframing energy relations with Russia when the time is right but right now it is focused on building a strategic gas partnership with Ukraine, according to a draft document.

US Proposes First Rules For Arctic Oil, Gas Drilling
Friday, February 20, 2015 The Obama administration proposes standards on exploratory drilling for oil and gas in US Arctic waters that would add costs for energy companies but aim to protect against catastrophic spills.

BP Loses Bid to Cut Maximum $13.7B Gulf Spill Fine
Friday, February 20, 2015 US judge rejects BP's attempt to reduce the maximum civil fine it could face for its role in the 2010 Gulf of Mexico oil spill.

Kemp: Shale Producers Postpone Oil Well Completions
Friday, February 20, 2015 US shale producers are postponing well completions to conserve cash and defer production until prices recover, says John Kemp.

Oil Hedges Help Noble Energy Beat Fourth-Quarter Profit Forecast
Thursday, February 19, 2015 Noble Energy posts 4Q net income of $402 million as a big gain on hedges helps it beat forecasts even as revenue dips on the decline in crude prices.

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