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CNOOC Posts 40% Slide In 1Q Revenue As Oil Prices Plunge
Friday, April 24, 2015 China's top offshore oil producer CNOOC posts a 40% fall in 1Q revenue.
Cybersecurity A Growing Safety Issue for Oil, Gas Industrial Plants
Friday, April 24, 2015 Cybersecurity is increasingly being thought of as a safety issue for oil and gas industry industrial plants, Honeywell officials tell Rigzone.
Union: Four Petrobras Platforms Halt Output Due To Oil Leak
Friday, April 24, 2015 Four Petrobras oil platforms off the northeast coast of Brazil halt production after a leak was detected coming from a pipeline linking them.
Brent At 4-1/2 Month High; US Crude Up For Sixth Week
Friday, April 24, 2015 Oil prices diverge, with Brent hitting 4-1/2-month highs on continued fighting in Yemen.
Drone Alone: Unmanned Aircraft in Oil, Gas Inspection
Friday, April 24, 2015 Rigzone looks at how drones are being used to replace human beings for upstream oil and gas inspection work.
TransCanada Seeks US Permit On Upland Line As Keystone Waits
Friday, April 24, 2015 TransCanada is asking the Obama administration to approve another pipeline, one that would take American crude oil into Canada.
Musings: Oil Patch Unemployment Is Challenge For Industry's Future
Thursday, April 23, 2015 Oil patch layoffs continue to grow, and the shale oil states represent the epicenter. G. Allen Brooks takes a look at the latest oil industry unemployment statistics.
Kinder Morgan CEO: Effective Communication Still Needed in Industry
Thursday, April 23, 2015 Kinder Morgan's CEO Richard Kinder shares with IHS CERAWeek attendees that permits are slowing necessary pipeline projects and the energy industry needs to improve its communication efforts.
US Shale Fracklog Triples As Drillers Keep Oil From Market
Thursday, April 23, 2015 Drillers in oil and gas fields from Texas to Pennsylvania have yet to turn on the spigots at 4,731 wells they've drilled, keeping 322,000 barrels a day underground, a Bloomberg Intelligence analysis shows.
Oil Hits 2015 High On Yemen Worry; US Gasoline At Nov Peaks
Thursday, April 23, 2015 Crude oil prices settle up 3%, hitting 2015 highs, while US gasoline reaches 5-month peaks.
Russia Deepens Energy Cooperation With Argentina
Thursday, April 23, 2015 Russia and Argentina have signed documents deepening energy cooperation, underlining Moscow's drive to develop ties with South America since coming under Western sanctions over the Ukraine crisis.
CEO: Shell's Brazil Strategy Factors In Petrobras Scandal
Thursday, April 23, 2015 Shell has taken into account the risks presented by the Petrobras graft scandal to its expanding operations in Brazil and is confident the Brazilian state-run oil company will emerge stronger.
Technip Sees Onshore/Offshore Lagging in 2015, Better Subsea
Thursday, April 23, 2015 Technip strikes a less optimistic tone for its onshore/offshore division, as reduced investments by oil company clients continued to hurt, although its subsea division was seen outperforming this year.
China Defends Vessels' Actions Against Philippines in South China Sea
Wednesday, April 22, 2015 China defends the actions of its vessels in the disputed South China Sea after the Philippines accused China's coast guard of using water cannon on Philippine fishing boats and urged Manila to increase its "education" of its fishermen.
Big Oil's Latest Fear: A Price Shock After $114 Billion of Cuts
Wednesday, April 22, 2015 As the oil patch grows accustomed to a new world of $50 to $60 crude, it's now looking ahead to a different but equally daunting sort of cliff.
M&A Likely to Heat Up in Second Half
Wednesday, April 22, 2015 Bankers and analysts during a panel at IHS CERAWeek opined on the relatively slow state of mergers and acquisitions; most expect it to pick up this fall.
Ex-BP Chief Sees Oil Bull Market Sooner than Many Expect
Wednesday, April 22, 2015 Former BP CEO Tony Hayward says low crude prices will trigger consolidation in the oil industry but a new bull market might arrive sooner than expected.
Petroleum Companies Need to Focus on Reducing Industry Cost
Wednesday, April 22, 2015 Companies need to reduce petroleum industry cost to bring offshore hydrocarbons into production economically, speakers at a conference in Singapore say.
Brent Up On More Yemen Bombing; US Crude Dips After Stock Build
Wednesday, April 22, 2015 Oil prices diverged; Brent closed up on renewed fighting in Yemen while US crude fell after another weekly rise in inventories despite slower production.
IHS CERAWeek: Eni CEO Says Mozambique Gas 'Competitive' Due To Low Costs
Wednesday, April 22, 2015 Low natural gas extraction costs in Mozambique will allow Eni to produce LNG from the country that is very competitive, Chief Executive Officer Claudio Descalzi says.
IHS CERAWeek: US Fracking Costs Falling Fast, May Keep Fields In Play
Wednesday, April 22, 2015 US oil and natural gas companies have pushed down costs of fracking a shale well faster than expected, and if the trend holds up it could allow producers to keep working in oilfields.
Oil Down As Saudis End Yemen Bombing; Traders Eye Crude Build
Tuesday, April 21, 2015 Oil prices fall after Saudi Arabia announces the end of its military campaign in Yemen.
Norway Launches Expanded Oil Licensing Round in Mature Areas
Tuesday, April 21, 2015 Norway launches its 2015 oil and gas licensing round in mature areas, expanding it to include blocks near recent discoveries.
Offshore Upstream Activities Taking Shape in Myanmar, Slowly
Tuesday, April 21, 2015 Myanmar is close to signing all 20 production sharing contracts offered under the Offshore Bidding Round - 2013, paving the way for companies to commence exploration activities.
Tillerson: Feds, Industry Must Work Together in New World of Energy
Tuesday, April 21, 2015 ExxonMobil chief says regulators overburden the industry, but progress can be made in a way that meets world energy needs.
Baker Hughes Expects Falling Rig Count To Weigh On 2Q
Tuesday, April 21, 2015 Baker Hughes says it expects "unfavorable market conditions" to persist in the second quarter as drillers turn off more rigs, intensifying a glut in oilfield services.
Statoil CEO: Cost, Carbon Emissions 'Formidable Challenges' for Industry
Tuesday, April 21, 2015 The industry faces challenges in improving its competitiveness while managing the transition to a lower carbon future, Statoil President and CEO Eldar Saetre tells IHS CERAWeek attendees.
Maersk Drilling: Cheap Oil to Trigger Drilling Sector Take-Over Wave
Tuesday, April 21, 2015 The oil drilling industry faces a wave of take-overs in the next two years as crude prices are expected to remain under $85 per barrel, Claus Hemmingsen, chief executive of Danish Maersk Drilling, says.
Britain Orders Sale Of Russian Billionaire Fridman's North Sea Fields
Monday, April 20, 2015 Britain orders Russian billionaire Mikhail Fridman to sell his North Sea gas fields within six months.
'Ducks' and Oil: No Need to Fear US Crude Supply Deluge
Monday, April 20, 2015 A tax break in North Dakota will not unleash a new wave of shale crude supply, producers say.
Douglas-Westwood: BG Acquisition Kicks Start a Fulcrum Year for Mega Gas
Monday, April 20, 2015 Douglas-Westwood says Shell's acquisition of BG "kicks start a fulcrum year for mega gas" in DW Monday.
IHS CERAWeek: Sustaining Innovation during Oil, Gas Downturn
Monday, April 20, 2015 Industry experts utilize the current downturn as a time to be bold and strategic in maintaining innovation.
Halliburton Warns Of Weakness In N. America, International Operations
Monday, April 20, 2015 Halliburton warns of headwinds in its international operations and pricing pressure for its oilfield services in North America.
Oil Up On Drop In US Crude Stockpiles, Middle East Tensions
Monday, April 20, 2015 Oil prices end in positive territory after a drop in stockpiles at the delivery point for US crude in the second half of last week outweighed pressure from near record high production in Saudi Arabia.
Saudi Arabia on Alert Over Possible Oil or Mall Attack
Monday, April 20, 2015 Saudi Arabia has put security forces on alert for a possible militant attack on a shopping mall or energy installation, Interior Ministry spokesman Mansour Turki says.
IHS CERAWeek: Evoking Iran, US Senator Pushes For Oil Exports
Monday, April 20, 2015 Senator Lisa Murkowski says she will introduce legislation this year to allow US crude exports, saying the Obama admin. should not dare lift sanctions on Iran before scrapping the US crude export ban.
Shale as World's Swing Producer Signals 'Jagged' Future for Oil
Monday, April 20, 2015 With OPEC ceding control for the first time since the 1980s, US shale oil has been anointed the world's new "swing producer".
US Oil Rigs Slide For 19th Week As Record Retreat Drags On
Friday, April 17, 2015 Oil explorers idled rigs in US fields for the 19th straight week, prolonging an unprecedented retrenchment in drilling.
Delegate: OPEC Should Consider Return To Oil Quotas
Friday, April 17, 2015 OPEC should consider re-introducing individual output quotas, shuffled quietly to one side in 2008, an OPEC delegate says.
Tackling the Skills Shortage Challenge in the Oil, Gas Industry
Friday, April 17, 2015 Industry experts weigh in on the continuing challenge of finding skilled workers to hire in the oil and gas industry.
Argentina Launches Lawsuit against Falkands Oil Drillers
Friday, April 17, 2015 Argentina begins legal proceedings against five companies, including three UK firms, that are drilling for oil and gas offshore the Falkland Islands.
Sources: Indian Delegation to Visit Iran to Discuss Oil Deals
Friday, April 17, 2015 An Indian delegation will visit Iran this week to scout for investment opportunities ahead of an anticipated nuclear deal between the OPEC-member and world powers that would soften sanctions against the country, sources privy to the plan say.
Oil Falls From 2015 Peaks, Brent Jumps 9.6% On The Week
Friday, April 17, 2015 Crude futures fell from 2015 peaks in choppy trading, but Brent's 9.6% weekly gain was its biggest in more than five years.
Bill to Standardize Drillings Setbacks Passes Texas House
Friday, April 17, 2015 Controversial bill to standardize rule-making for cities on oil and gas permits passes House without incident. Moves on to the Senate with some changes that will have to be addressed in committee.
US Proposes Higher Royalty Rates For Drilling Federal Land
Friday, April 17, 2015 The US government would get a larger share of oil and gas revenue from federal land under a proposal announced by the Interior Department.
EIA Projects Continued Volatility In Oil Prices
Friday, April 17, 2015 Volatility in crude oil prices will continue reaching a projected high of $252 per barrel for Brent crude oil in 2040, according to a long-term forecast released by the EIA April 14.
Military Withdraws from Yemen Oilfields, Hands Security to Tribes
Friday, April 17, 2015 Yemen's military hands over security responsibilities for the Masila oilfields to local armed tribes.
Oil Turns Higher, Rallies To 2015 High On Yemen Conflict
Thursday, April 16, 2015 Crude oil prices jump to fresh 2015 peaks, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen.
Australian Junior Looks to Build a Titan in Face of Downturn
Thursday, April 16, 2015 At a time when capital is scarce Australia's Titan Energy has secured an enviable position for a junior oil and gas company following a major funding deal to advance exploration prospects in Texas.
Watchdog: Nearly Half Colombia Oil Companies At Risk Of Insolvency
Thursday, April 16, 2015 Forty-three percent of companies in Colombia's oil sector are at high risk of going bankrupt as the industry reels from the recent halving of oil prices, according to a recent survey.
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