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Minister: Brazil To Lower Oil Industry Local Purchasing Rules By Half
Thursday, February 23, 2017 Brazil's government says it would relax local purchasing rules for the oil industry as of September in an effort to attract foreign investment and lower costs.
China's Soaring LNG Demand To Help Rein In Global Glut
Thursday, February 23, 2017 China's soaring demand for liquefied natural gas (LNG) is sparking industry hopes that a supply overhang causing a slump in prices will end sooner than initially anticipated.
Future Giant Discoveries Could be Lurking Offshore South Africa
Thursday, February 23, 2017 Future giant discoveries may be lurking in the Outeniqua Basin offshore South Africa, according to Anongporn Intawong, a team leader geologist at Spectrum.
BLOG: Will Trump Really Try To Take Iraq's Oil? Probably Not
Thursday, February 23, 2017 History and convention likely to weigh down President Donald Trump's appetite for taking oil as a spoil of war.
Oil Prices Up But Gains Pared After Seventh Straight Stock Build
Thursday, February 23, 2017 Oil prices rose but gains were pared after US government data showed a seventh straight build in crude stocks.
Canada's Fading Oil Promise Leaves US Majors Struggling
Thursday, February 23, 2017 Oil-sands investments in Western Canada that gobbled tens of billions of dollars over the past decade are proving an Achilles heel for some of the world’s biggest energy producers.
Ideal Employer Survey: Students, Graduates Value Culture over Money
Thursday, February 23, 2017 Rigzone's Ideal Employer Survey shows that students/graduates rank a positive work culture over money.
Somali President Appoints Oil Firm Executive As PM
Thursday, February 23, 2017 Somalia's newly elected president appoints the country director of British firm Soma Oil and Gas as the new prime minister.
How to Tack into Near-term LNG Headwinds
Thursday, February 23, 2017 The global LNG market faces near-term challenges as it undergoes sweeping changes. A recent Deloitte report outlines how LNG players can weather these near-term demands and prosper in the long term.
Partners In Israeli Leviathan Gas Field Okay $3.75B Investment
Thursday, February 23, 2017 The partners in the Leviathan natural gas field approve a $3.75 billion final investment decision (FID) in the first phase of the giant reservoir, the largest energy project in Israel's history.
Kemp: US Shale Revival Likely To Cap Oil Price Gains
Thursday, February 23, 2017 US shale producers are growing production again, renewing the challenge to OPEC's market share and potentially limiting further increases in oil prices during 2017/18.
Oil Falls On Worries Over Swelling US Stockpiles
Wednesday, February 22, 2017 Oil prices fall more than 1% on expectations of another surge in US inventories.
Border Adjustment Tax Could Produce Oil, Gas Cash Flow Bonanza
Wednesday, February 22, 2017 House Republicans' tax reform pitch could be a windfall for US oil and gas producers, but a contentious border adjustment tax element will need bi-partisan support for lawmakers to make a deal.
Emails Reveal EPA Chief Cozied Up to Industry He Regulates
Wednesday, February 22, 2017 Newly installed EPA Administrator Scott Pruitt closely coordinated with major oil and gas companies, according to thousands of pages of e-mails released.
Trellis Energy Predicts Talent Squeeze in Oil, Gas
Wednesday, February 22, 2017 An energy software company believes a widening skills gap will lead to a rise in predatory recruitment, making it difficult for smaller operators with limited resources to secure talent.
Total CEO Says OPEC Needs to Prolong Cuts to Eliminate Glut
Wednesday, February 22, 2017 OPEC and Russia will need to prolong their six-month deal to cut oil output if they plan to trim the global inventory glut, says Total CEO.
Petrofac Makes 29% Headcount Reduction, Revenue Hits $7.8B
Wednesday, February 22, 2017 Petrofac makes a headcount reduction of 29% to around 13,500 employees, the oilfield services firm reveals in its final results for 2016.
Deadline Nears For Protesters To leave Camp Near Dakota Pipeline
Wednesday, February 22, 2017 Protesters opposed to the Dakota Access pipeline braced for a showdown with authorities as some vowed to defy Wednesday's deadline to abandon the camp.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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