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Oil Soars 6% as OPEC Reaches Deal to Limit Output in Nov
Wednesday, September 28, 2016 Oil prices settle up nearly 6 percent after OPEC sources say the group has struck a deal to limit crude output at its policy meeting in November, its first production cut agreement since the market crashed two years ago on oversupply.
Brent Nears $50 Per Barrel as OPEC Weighs Output Cut
Wednesday, September 28, 2016 Oil prices bounce amid OPEC production cut speculation.
A Day in the Life of ... Patricia Morin, Project Manager
Wednesday, September 28, 2016 Oil and gas professional Patricia Morin shares her experiences working offshore and her move to project management and quality management.
Dallas Fed: Worst of Oil Bust Over
Wednesday, September 28, 2016 A new report from the Dallas Fed says the industry may have already seen the worst of the oil bust.
Petronas Faces $27B Question After Canada's LNG Approval
Wednesday, September 28, 2016 After more than three years of regulatory review, the energy companies behind a proposed $27 billion liquefied natural gas plant on Canada's Pacific Coast received conditional government approval.
All Six People Aboard Fatal Angolan Helicopter Crash are Dead
Wednesday, September 28, 2016 All six people being transferred via helicopter to a Chevron oil platform offshore Angola are dead, according to the latest media reports.
Brent to Stay Below $50 in 2016
Wednesday, September 28, 2016 Average Brent Crude Oil prices will stay below $50 per barrel in 2016, according to oil and gas analysts at FirstEnergy Capital.
Oil Ministry: Islamic State Loses Control of Last Oil Wells in Iraq
Wednesday, September 28, 2016 Islamic State militants no longer control any oil wells in Iraq after being ousted by government forces last week from an area near Kirkuk, the oil ministry says.
More Than 350 Oil Service Workers Laid Off in Norway Due to Strike
Wednesday, September 28, 2016 More than 350 oil service workers have been laid off in Norway as a result of strike action which was implemented September 21.
DNV GL Reviews 100 Rigs as part of Safety Modification Program
Wednesday, September 28, 2016 Following an incident involving COSLInnovator on the Norwegian Continental Shelf in December last year, around 100 semi-submersible rigs approved by DNV GL will be reviewed.
Source: OPEC Reaches First Deal to Cut Oil Output Since 2008
Wednesday, September 28, 2016 OPEC agrees to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.
Saudis Soften Oil Stance On Iran But OPEC Deal Still Elusive
Wednesday, September 28, 2016 OPEC might still agree an oil output-limiting deal later this year after failing to do so in Algeria this week.
RPSEA Plan Seeks to Address Oil, Gas Technical Challenges
Wednesday, September 28, 2016 RPSEA unveils its strategic plan for addressing the oil and gas industry’s major technological challenges in 2016 and beyond.
Mexico's Sole Platform Fabrication Project to Create Jobs
Tuesday, September 27, 2016 EPCI firm McDermott International will increase its workforce for the 18-month Abkatun-A2 project for PEMEX.
Oil Down 3% As Saudi, Iran Dash Hopes For An Algiers Deal
Tuesday, September 27, 2016 Oil falls about 3% after Saudi Arabia and Iran dash market hopes that the two major OPEC producers would find a compromise this week.
In Oil Price Battle With Saudi Arabia, It's Advantage Iran
Tuesday, September 27, 2016 Saudi Arabia swaps its traditional role as price dove with regional foe Iran, for years OPEC price hawk.
UKCS In Urgent Need of Fresh Investment
Tuesday, September 27, 2016 The UK Continental Shelf is in urgent need of fresh investment to boost exploration and drive activity, says Deirdre Michie, Oil & Gas UK's chief executive.
Oil Climbs as Saudi Arabian Offer Opens Door to Future OPEC Deal
Monday, September 26, 2016 Oil advanced as Saudi Arabia's offer to cut output opened the door to a future OPEC deal, though the kingdom doesn't expect an agreement when members of the group meet this week.
BLOG: Keeping Experienced Staff in Downturn a Tough Call for Asian Services
Monday, September 26, 2016 Asian offshore oil and gas services companies are caught in a dilemma of retaining experienced staff in the current industry amid cost-cutting pressure.
OPEC Production Deal May Be On Hold
Monday, September 26, 2016 Given recent chatter about expectations and what individual countries are willing to do, analysts are looking to a formal meeting Nov. 30 for a decision announcement.
Niger Delta Avengers Blow Up Bonny Crude Line
Monday, September 26, 2016 Nigerian militant group Niger Delta Avengers says that it attacked the Bonny crude export line.
Saudis Willing To Act On 'Critical' Oil Market, Algeria Says
Monday, September 26, 2016 Saudi Arabia, the world's biggest oil exporter, has offered to cut its output to January levels, Algeria's energy minister says as he prepares to host a meeting of OPEC producers later this week.
Saudi Aramco Sees Oil Demand 'Steady' as Supply Growth Slows
Monday, September 26, 2016 Slower growth in oil supply is helping the crude market to re-balance, and prices are set to increase over time, according to the head of the world's biggest producer.
Singapore's NUS Slowly Builds its Petroleum Engineering Program
Monday, September 26, 2016 The National University of Singapore capitalized on the industry downturn to recruit experienced staff for its fledgling petroleum engineering program.
BLOG: McDermott Workforce Factor in Altamira Facility's Bright Outlook
Friday, September 23, 2016 McDermott International official says Altamira facility workers a "revelation" and part of facility's success.
As Rivals Circle, Japan Boosting Firepower To Buy Global Energy Assets
Friday, September 23, 2016 Japan plans to rush through a bill to provide more financial muscle for its companies to compete for global energy assets, just as other resource-hungry Asian economies such as China and India are also looking to snap up depressed oil assets.
OPEC Under Pressure To Act In Algiers As Oil Surplus Triples
Friday, September 23, 2016 As OPEC prepares to meet in Algiers next week, the oil market is reminding the group's members what's at stake if they fail to reach a deal.
Oil Sinks As OPEC Deal Seen Unlikely; Stocks Dip
Friday, September 23, 2016 Oil prices tumble following signs that Saudi Arabia and Iran continue to disagree over output limits ahead of a meeting next week aimed at freezing production.
Pioneer CEO Scott Sheffield: Lessons Learned from a 40-Year Career
Friday, September 23, 2016 Pioneer Natural Resources CEO Scott Sheffield shares important lessons learned in the oil patch with audience at Deloitte conference in Houston.
Saudis Offer Oil Cut For OPEC Deal If Iran Freezes Output
Friday, September 23, 2016 Saudi Arabia has offered to lower its own oil production if rival Iran agrees to cap its output this year, in a major compromise ahead of talks in Algeria next week.
What Does OPEC's Freeze Talk Really Mean?
Friday, September 23, 2016 Some unnamed sources say Saudi Arabia may be willing to cut its production, but non-OPEC member Russia says production cuts off the table.
Statoil To Improve Helicopter Safety Following Fatal Crash
Friday, September 23, 2016 Statoil has vowed to improve helicopter safety following the release of an investigation into a fatal helicopter crash which occurred on the NCS earlier this year.
Oil Firms Seen Spending More Next Year For First Time Since 2014
Friday, September 23, 2016 The oil industry may be ready to open its wallet after two years of slashing investments.
Oil Rises More On U.S. Crude Draw, Pares Gains On OPEC Doubt
Thursday, September 22, 2016 Oil prices rally again, boosted for a second day by U.S. government data that showed a surprising crude inventory drop, but crude futures pared gains as traders worried that OPEC was not nearing an agreement to reduce a global glut.
Accenture: Remote AU Workforces Must Connect with Technology
Thursday, September 22, 2016 Applying emerging technologies to operations will be important for Australia to overcome the remoteness of its LNG industry to remain globally competitive, Accenture says.
Freeport-McMoRan Makes Further Job Cuts in Houston
Thursday, September 22, 2016 Citing low oil prices and unfavorable economic conditions, Freeport-McMoRan Oil and Gas will lay off more employees in Houston.
Gabon Oil Workers To Stay Home Until Final Election Result
Thursday, September 22, 2016 Gabon oil workers will stay at home from Thursday over concerns about potential violence when a court delivers a final verdict on the central African country's disputed election result.
Total Says to Cut Costs By A Further $1B
Thursday, September 22, 2016 French oil and gas giant Total raised its savings target and lowered its investment forecast in further moves to weather prolonged oil price weakness.
Saudis Said To Meet With Iran For Oil Talks Before Algiers
Thursday, September 22, 2016 OPEC members Saudi Arabia and Iran, whose rivalry derailed an oil supply accord earlier this year, met in Vienna a week before the organization holds talks in Algeria.
Striking Wood Group Employees in North Sea Reach Deal
Thursday, September 22, 2016 Striking Wood Group employees have reached a deal with the company following a revised proposal from the oil services group, Wood Group confirmed Thursday.
Analysts: OPEC Production Freeze Never Likely To Happen
Thursday, September 22, 2016 The Organization of Petroleum Exporting Countries (OPEC) will not impose a production freeze at a meeting next week, say oil and gas analysts at FirstEnergy Capital.
True Grit: Surging Sand Demand Could Boost Jobs in Oil, Gas
Thursday, September 22, 2016 With more sand used to produce more oil from a single well, demand is increasing and stands to bring jobs back to the oil patch.
Norway Services Strike Affects Schlumberger, Baker Hughes, Halliburton
Wednesday, September 21, 2016 More than 300 oil service employees, all Industri Energi union members, went on strike Wednesday after wage talks broke down with the Norwegian Oil Industry Association.
ExxonMobil: Population, Economic Growth Driving Future Energy Demand
Wednesday, September 21, 2016 ExxonMobil's Rob Gardner says the world's energy demand will be driven primarily by population and economic growth.
BLOG: An Appalachian Spring?
Wednesday, September 21, 2016 A "very informal, very unscientific survey" suggests some optimism returning to Marcellus/Utica.
Oil Rises on Positive Inventory Data, Weaker Dollar
Wednesday, September 21, 2016 Oil markets were anticipating fairly robust inventory drawdowns after the API released its estimates for the week ending Sept. 16.
Venezuela PDVSA Awards $3.2B Oil Service Contracts, Protest Brews
Wednesday, September 21, 2016 Venezuela's state oil company PDVSA says it has awarded $3.2 billion in contracts to drill wells in the Orinoco Belt.
Thailand's Decom Sector Will Need Workers, Government Policy
Wednesday, September 21, 2016 With decommissioning assuming greater significance in Thailand as offshore infrastructure ages, the services industry prepares to cope with issues that may arise in the market.
Oil Prices Fall As Venezuela Says Market Is 10% Oversupplied
Tuesday, September 20, 2016 Oil prices fell on Tuesday after Venezuela said that global crude supplies needed to fall by 10% in order to bring production down to consumption levels.
Aker Solutions to Temporarily Cut 100 Employees
Tuesday, September 20, 2016 Aker Solutions confirms that it will temporarily cut 100 employees from its subsea services business in Norway, due to the sustained decline in market activity.
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|Brent Crude Oil :||$48.69/BBL||5.91%|
|Light Crude Oil :||$47.05/BBL||5.32%|
|Natural Gas :||$2.952/MMBtu||1.60%|
|Updated in last 24 hours|