Results 50 articles shown
Oil Rises 1% As OPEC Sees Higher Compliance With Cuts
Tuesday, February 21, 2017 Oil prices end about 1% higher after touching three-week highs on OPEC's optimism for greater compliance with its deal with other producers.
Wood Group Cuts Workforce by 36% in 2-Year Period
Tuesday, February 21, 2017 John Wood Group cuts its workforce by 36% over a 2-year period, the oilfield services company reveals.
Barkindo: OPEC's Pushing for Full Compliance With Oil Cuts
Tuesday, February 21, 2017 Implementation of an agreement between OPEC and other major producers to reduce output has been "very encouraging" and the agreement is on track to reduce the global oil surplus, said the group's top official.
Iran Will Finalize Contract With Total Within Two Months
Tuesday, February 21, 2017 Iran's oil minister says the first of its new contracts would be finalized with Total within 2 months, according to the Mehr News agency.
Aberdeen Oil, Gas Industry Has Cause to Celebrate
Tuesday, February 21, 2017 Aberdeen's oil sector has had cause to celebrate recently, following a difficult period in the aftermath of the price crash.
New US Environmental Chief Tells Staff He Will 'Listen, Learn and Lead'
Tuesday, February 21, 2017 The new head of the US EPA Scott Pruitt tells agency staff that America should not have to choose between the economy and the environment.
Abu Dhabi Awards China's CEFC 4% Of Oil Concession For $900MM
Monday, February 20, 2017 Abu Dhabi awards the final 4% interest in its onshore oil concession.
Watchdog: Cost Cuts Appear To Harm Norway Oil Industry Safety
Monday, February 20, 2017 Cost cuts by Norway's oil and gas industry appear to have contributed to a rise in accidents in recent years, the head of the country's PSA says.
2017 Offshore Spending Plan To Rival Shale Investment, Report Says
Monday, February 20, 2017 Investment in both offshore projects and US shale plays is expected to total about $70 billion in planned capital spending, according to a new Rystad Energy report.
Oil Rises, But Swelling US Output Caps Rally
Monday, February 20, 2017 Oil prices inched higher, as investor optimism over the effectiveness of producer cuts encouraged record bets on a sustained rally.
Trump's Defense Chief Tells Iraq: We're Not Here For Your Oil
Monday, February 20, 2017 The U.S. military is not in Iraq "to seize anybody's oil", Defense Secretary Jim Mattis says.
Unite Calls on Members to Back Motion Supporting Public Offshore Investment
Monday, February 20, 2017 Unite calls on its members to support a motion, scheduled for debate in Scottish Parliament Feb. 23, which outlines that the UK offshore oil and gas industry needs public investment to secure its future.
Shell Shakes Up Oil Trading World With Brash Buying Sprees
Monday, February 20, 2017 Unusual moves in trading have damaged confidence so much that some traders retreated from the market.
Oil Steady, But Down For The Week As Glut Worries Face OPEC Cuts
Friday, February 17, 2017 Oil prices ended steady but lower on the week, with US crude notching its first weekly decline in five weeks.
DOF Group Axes Over 700 Employees in 2016
Friday, February 17, 2017 Oil and gas offshore services firm DOF Group slashes its headcount by 742 employees during 2016, as a result of cost cutting measures.
What Needs to Happen with Cybersecurity in Oil, Gas
Friday, February 17, 2017 Oil and gas leaders discuss the future of cybersecurity as the industry continues to evolve and become more digitized and connected.
Mitsubishi Heavy Bets on New US Turbomachinery Demand
Friday, February 17, 2017 Japan-based industrial firm expanding reach within US oil and gas market.
Colin Powell Tells NAPE Audience of Ways to Decentralize Energy
Friday, February 17, 2017 NAPE Global Business Summit in Houston exceeds expectations as former Secretary of State and retired four-star Gen. Colin Powell tells it's a fascinating time for the energy industry.
More Than 440,000 Global Oil, Gas Jobs Lost During Downturn
Friday, February 17, 2017 A report from Houston-based consulting firm Graves & Co. shows that the industry has suffered more than 440,000 jobs lost since the beginning of the most recent downturn.
Senate Confirms Trump's EPA Pick As White House Targets Regulation
Friday, February 17, 2017 The US Senate confirms President Donald Trump's pick to run the Environmental Protection Agency.
Unite: Government Must Create Sustainable Future for Scottish Oil Sector
Friday, February 17, 2017 UK union Unite calls on the Scottish and Westminster governments to get together and develop a sustainable future for the Scottish oil and gas industry.
Baker Hughes: US Drillers Add Oil Rigs For Fifth Straight Week
Friday, February 17, 2017 US energy companies added oil rigs for a fifth straight week, extending a nine-month recovery.
Official: At Least One Person Injured In Oil Well Blast In Oklahoma
Thursday, February 16, 2017 At least one person was injured following an explosion at a oil well site in Pittsburg County in eastern Oklahoma.
Can Other Oil Basins Ever Catch Up To The Permian's Prosperity?
Thursday, February 16, 2017 As oil majors sell off non-Permian assets to ready cash for another gamble in the Permian, smaller companies are scooping up bargain assets to build stronger plays outside of West Texas.
BLOG: 'Cautious Optimism' and Other Worn Out Industry Phrases, Part II
Thursday, February 16, 2017 As an industry, have we become over-reliant on certain industry phrases and themes?
Chad's Upstream Sector Income Could Erode Post-2021, GlobalData Warns
Thursday, February 16, 2017 Chad's income from the upstream sector will continually erode in the post-2021 period unless there is an oil price hike over the medium term or new large projects are brought online, GlobalData warns.
Oil Rises Modestly in Tight Trade, Boosted by OPEC Hopes
Thursday, February 16, 2017 Oil prices end modestly higher, as the market weighed swelling U.S. inventories against possible renewed efforts by major oil producers to reduce a price-sapping glut.
Nearly 800 Former EPA Officials Oppose Trump Pick For Agency
Thursday, February 16, 2017 Nearly 800 former Environmental Protection Agency officials urged the US Senate to reject President Donald Trump's nominee to run the agency.
Technology Adoption Could Unlock Around $300B in Savings for Oil, Gas
Thursday, February 16, 2017 The deployment of data analytics, robotics and other technologies could boost productivity across the oil and natural gas sectors, potentially unlocking close to $300 billion in annual savings.
UK Government has 'Shameful' Energy Policy Track Record, Says SNP's McCaig
Thursday, February 16, 2017 The UK government has a 'shameful' track record on energy policy, according to the Scottish National Party's Business and Energy spokesperson at Westminster, Callum McCaig.
TransCanada Files Keystone XL Route Application In Nebraska
Thursday, February 16, 2017 TransCanada filed an application with Nebraska authorities to route its Keystone XL pipeline through the state.
Oil Settles Relatively Flat Despite Record Rise To US Crude Stocks
Wednesday, February 15, 2017 Oil prices trended down in pre-market trading early Wednesday and fell furter on an EIA report.
Siberian Oil Giant That Bankrolled USSR May Gush Cash Again
Wednesday, February 15, 2017 Russia's largest oil field could be on the verge of gushing profits again for Rosneft PJSC.
UK Government Reacts to Oil, Gas Worker Discrimination Claims
Wednesday, February 15, 2017 Businesses should be in no doubt that the oil and gas industry in Scotland has one of the most highly skilled workforces in the world, the UK Government tells Rigzone.
Op-Ed: No FERC Quorum May Delay Oil, Gas Infrastructure
Wednesday, February 15, 2017 The Federal Energy Regulatory Commission agency needs a Trump appointment to give it enough members to regulate interstate pipelines and natural gas, oil infrastructure projects.
Workers End Strike At CNR's Ivory Coast Operations
Wednesday, February 15, 2017 Workers at Canadian Natural Resources' Baobab and Espoir oil and gas fields in Ivory Coast end a strike over employment conditions launched last week.
Governors Urge Trump to Support Wind and Solar Power
Tuesday, February 14, 2017 A group of governors from both ends of the political spectrum are urging President Donald Trump to support renewable energy.
Kemp: Milestones On The Oil Market's Road To Rebalancing
Tuesday, February 14, 2017 Crude oil stockpiles are expected to empty significantly during the third quarter as continued production restraint from OPEC interacts with the seasonal increase in consumption.
Bringing Back Our People: Industry Combats Workforce Challenges
Tuesday, February 14, 2017 Industry professionals and educators share insight on how to ramp up the oil and gas workforce despite current challenges.
Rolls-Royce Marine to Cut 800 Jobs by Summer
Tuesday, February 14, 2017 Rolls-Royce's marine division plans to conclude the reduction of around 800 roles worldwide by the summer, according to a company spokesperson.
Oil Pulls Back In Post-Settlement Trade As US Stockpiles Rise
Tuesday, February 14, 2017 Oil prices pared gains after the settlement, as evidence of surging US crude oil stockpiles underscored concerns that shale production might limit the effectiveness of an OPEC-led effort to cut global output.
Technology has 'Fundamental Role' to Play in Supporting Oil, Gas Recovery
Tuesday, February 14, 2017 Technology has a fundamental role to play in supporting the oil and gas industry's recovery, ITF CEO Patrick O'Brien says.
Oil Down 2% As Dollar Firms, OPEC Compliance Rate Shrugged Off
Monday, February 13, 2017 Oil prices decline by about 2%, the most since mid-January.
Lundin Board Proposes Malaysia, France, Netherlands Asset Spin Off
Monday, February 13, 2017 Lundin Petroleum's board of directors proposes to spin-off its assets in Malaysia, France and the Netherlands into a newly formed company called International Petroleum Corporation (IPC).
SNP Promotes Drive to Improve Gender Equality in STEM
Monday, February 13, 2017 In the wake of the UN's International Day of Women and Girls in Science, the Scottish National Party promotes its drive to improve gender equality in Science, Technology, Engineering and Math (STEM).
Calls Made for Oil, Gas Worker Discrimination Investigation
Monday, February 13, 2017 Calls for an investigation into discrimination against former oil and gas workers looking to find work in other sectors have been made, the BBC reports.
Judge Denies Tribes' Request To Block Final Link In Dakota Pipeline
Monday, February 13, 2017 A US federal judge denies a request by Native American tribes seeking a halt to construction of the final link in the Dakota Access Pipeline.
Investor Honeymoon With OPEC Falters as Shale Drilling Booms
Monday, February 13, 2017 After unprecedented optimism that OPEC will manage to ease a global supply glut, money managers reduced their bets on rising WTI prices for the first time in a month.
UK Oil, Gas Companies to be 'Disproportionately Affected' by New Levy
Monday, February 13, 2017 A new apprenticeship levy scheduled to come into effect in April will hit the UK oil and gas industry harder than other sectors, OPITO suggests.
EIA: US Shale Oil Output To Rise In March To Highest In 10 Months
Monday, February 13, 2017 US shale oil production for March is expected to rise by the most in five months to its highest rate since May last year, government data shows.
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