Results50 articles shown
Introducing the New OPEC Member That Likes Lower Oil Prices
Wednesday, November 25, 2015 After defending the interests of oil-exporting nations for five decades, OPEC has made a surprising choice with its newest member: a country that consumes about twice as much crude as it pumps.
Cheap Coal Threatens LNG's Toehold in Fast Expanding Philippines
Wednesday, November 25, 2015 The Philippines is set to import liquefied natural gas for the first time next year as it bids to replace fast-fading local gas supplies, but cheap coal is blowing off course Manila's vow to lift the use of cleaner fuels.
Oil Hits 2-Week Highs On Mideast Tensions, US Gasoline Rally
Tuesday, November 24, 2015 Oil prices hit two-week highs, rising about 3%, after a spike in Middle East tensions and a rally in US gasoline futures.
OPEC Seen Holding the Line as $40 Oil Looms Over Vienna Meeting
Tuesday, November 24, 2015 It'll take more than $40 crude to make OPEC change its mind, analysts said before the group's Dec. 4 meeting in Vienna.
Seadrill Posts Operating Loss, Increases Cost Savings Target
Tuesday, November 24, 2015 Following an operating loss of $291 million in 3Q 2015, Seadrill Limited increases its cost savings target for the year to $600 million.
The Upstream Investment Outlook of European Oil, Gas Firms
Tuesday, November 24, 2015 Rigzone looks at the current state of upstream investment among European oil and gas firms.
Kemp: Hedge Fund Short Positions And Oil Prices In 2015
Tuesday, November 24, 2015 There have been at least three cycles in WTI prices and hedge fund positions in the main NYMEX light sweet crude contract since the turn of the year.
Oil Ends Steady; Saudi Pledge, Glut Worry Causes Wild Ride
Monday, November 23, 2015 Brent settled steady and US crude slightly lower after prices were whipsawed by volatility as Saudi Arabia pledged to work toward oil price stability.
Evercore: Super Majors Ripe for Consolidation and Other Restructuring
Monday, November 23, 2015 Among the major themes of upcoming cycle will be the recovery of US land drilling, offshore restructuring and more risk to service industries, Evercore analysts say.
Oil Deal of the Year: Mexico Set for $6B Hedging Windfall
Monday, November 23, 2015 Mexico is set to get a record payout of at least $6 billion from its oil hedges this year, according to data compiled by Bloomberg.
North Dakota 'Man Camps' Battle Pending Ban In Oil Capital
Monday, November 23, 2015 Providers of temporary housing for North Dakota's oilfield workers are fighting a plan by the state's energy capital to evict their "man camps".
Venezuela Sees Crude in Mid-$20s If OPEC Doesn't Take Action
Monday, November 23, 2015 Oil prices may drop to as low as the mid-$20s a barrel unless OPEC takes action to stabilize the market, Venezuelan Oil Minister Eulogio Del Pino said.
EIA: Shale Drilling Boosted US Oil, Gas Reserves In 2014
Monday, November 23, 2015 Reserves of oil and natural gas in the United States shot higher last year, according to government data.
Saudi Arabia Says Ready To Work With Others To Stabilize Oil Market
Monday, November 23, 2015 Saudi Arabia's cabinet says it is ready to cooperate with OPEC and non-OPEC countries to achieve market stability.
Statoil CEO: Oil, Gas Will Remain 'Critically Important' Through to 2040
Monday, November 23, 2015 Statoil CEO Eldar Saetre says oil and gas will remain "critical important" energy resources through to 2040 in Oslo speech.
Petrobras Extends Rally On Capital Plan
Friday, November 20, 2015 Petrobras leads LatAm credit markets higher following news that the Brazilian government considers plan to inject fresh capital into the beleaguered oil company.
Kemp: Should We Worry As Oil Stocks Hit 3 Billion Barrels?
Friday, November 20, 2015 Nearly 3 billion barrels of crude petroleum and refined products are being stored by oil firms in the advanced economies according to the IEA.
Africa Oil Boom Fades as $50 Crude Shuts Door on High-Cost Deals
Friday, November 20, 2015 Oil below $50 has made more than two out of three investment projects in Africa non-viable.
India's Petronet Near To Winning Better Gas Terms From Qatar Sources
Friday, November 20, 2015 India's biggest gas importer Petronet LNG is close to renegotiating a major deal with its Qatari supplier Rasgas,sources say.
Investors Bet on Rebound as Holdings in Oil ETF Jump to Record
Friday, November 20, 2015 Investors are piling into the United States Oil Fund on speculation prices may have bottomed near $40 a barrel.
Oil Slump Puts Canada in C$3B Hole as Trudeau Takes Reins
Friday, November 20, 2015 Canada's finances are taking a bigger hit than projected from the oil-price slump, putting the country on pace for red ink even before Prime Minister Justin Trudeau kicks off his plan for deficit spending.
Brent Up 1% On Short-Covering, US Crude Just Above $40
Friday, November 20, 2015 Brent oil settles 1% higher on pre-weekend short-covering, while US crude settles lower and just above $40-per-barrel.
SD-WAN Technology Can Improve Oil, Gas Communications
Friday, November 20, 2015 SD-WAN technology could enhance operational efficiency of communications the oil and gas industry, an SD-WAN technology provider says.
SNC-Lavalin Bullish on India, Offsets Job Slowdown Elsewhere
Friday, November 20, 2015 SNC-Lavalin is optimistic about the upstream sector in Asia, especially India, as it seeks to offset the adverse impact of a slowdown in other regions.
Suncor and Canadian Oil Sands CEOs Both Say They’ve Won
Friday, November 20, 2015 The CEOs of Suncor Energy and Canadian Oil Sands both say they’ve got votes on their side as the nation's top crude producer promotes a hostile takeover bid for its smaller rival.
Global Oil Job Cuts Top Quarter-Million as Rigs at Five-Year Low
Friday, November 20, 2015 The number of jobs gutted from oil and gas companies around the world has now passed the 250,000 mark, with still more to come, according to industry consultant Graves & Co.
Oil Crash Means Biggest Boomers Halt Supply Growth in 2016
Friday, November 20, 2015 The US and Iraq, whose extra crude this year equates to about 80 percent of the global surplus, will fail to boost output in 2016, according to the world’s biggest forecasters.
Obama, Putin Agree on One Thing: Bombing Islamic State’s Oil
Friday, November 20, 2015 The US and Russia both widen their target lists to include the middlemen who help the group make money off illicit oil sales.
US Oil Drillers Cut Rigs For 11th Week In The Last 12
Friday, November 20, 2015 US energy firms cut oil rigs for an 11th week in the last 12, a sign drillers were still waiting for higher prices before returning to the well pad.
Russell: India, Not China, Powering Growth in Fuel Demand
Thursday, November 19, 2015 China's fuel usage tends to gather headlines as an indicator of the strength of global crude oil demand, and while this has been justified, the real growth action is happening over the Himalayas in India.
Oil, Gas Cyber Attacks Increasing
Thursday, November 19, 2015 Cyber attacks in the upstream oil and gas sector are increasing, according to Eric Knapp, the global director of cyber security solutions and technology for Honeywell Process Solutions.
Brent Steady, US Crude Down Ahead Of Contract Expiry
Thursday, November 19, 2015 Brent oil futures settle steady while US crude falls ahead of the expiry of the front-month contract and continued pressure from large inventory builds.
Global Downturn is Rare Opportunity for Israel to Recruit Oil, Gas Talent
Thursday, November 19, 2015 Israel has a once-in-a-generation opportunity to recruit the oil and gas talent it needs to exploit its natural gas resources and turn itself into an important oil and gas hub in the eastern Mediterranean.
Iraqi Oil Selling at $30 as OPEC Readies for New Battles
Thursday, November 19, 2015 Iraq may increase oil output further in 2016, intensifying a battle for market share between OPEC members and non-OPEC rivals that has forced Baghdad to sell some crude grades for as little as $30 a barrel.
How to Build Your Professional Brand
Thursday, November 19, 2015 Rigzone speaks with experts who share their advice on how to develop and manage a professional brand.
NOC, IOC Technology Maturity Leaders Pressured By Volatile Market Outlook
Thursday, November 19, 2015 The pressure is on NOCs and IOCs to qualify the most cost-effective technologies that can solve their immediate challenges and enhance production in the near term.
Companies Piggyback on Monitoring Technology to Save Money in Oil Patch
Wednesday, November 18, 2015 One of the world's largest seismic arrays has set the stage for cost-effective microseismic monitoring.
Oil Ends Up, Recovering From Lows; Glut Remains A Worry
Wednesday, November 18, 2015 Oil falls near 3-month lows and US crude futures slip to below $40 a barrel before settling higher.
Apache's Clem Discusses How to Develop Top Talent in Your Company
Wednesday, November 18, 2015 Jo Clem of Apache Corporation tells attendees of the People in Energy Summit how to develop top talent within their organization.
OPEC Menaced by US Shale Hits Canada Harder in Price Fight
Wednesday, November 18, 2015 Canadian producers are struggling to cut the cost of extracting bitumen from the oil sands, and their other wells are failing to match the efficiency gains of US rivals.
Oil, Gas Industry Welcomes UK Government's Pro-Gas Energy Policy
Wednesday, November 18, 2015 Oil & Gas UK and UKOOG welcome Energy Secretary Amber Rudd's plan to see natural gas play a central part in the future of power generation in the UK.
Moody's: Nigeria's Oil Output Could Fall By 2017 Unless Investments Boosted
Wednesday, November 18, 2015 Nigeria's oil output could drop by as much as 15% by 2017 unless the government attracts more investment and resolves cash shortages at state oil firms, a senior Moody's analyst says.
Plunge In Norway's Oil Investments Could Hurt Economy
Wednesday, November 18, 2015 Investments in Norway's oil and gas sector will drop by almost 40% from 2014 to 2017, an industry lobby group predicted.
Petrobras Holdout Strikers To Vote On New Deal Thursday
Wednesday, November 18, 2015 A union representing workers in the Brazil's top oil region will vote on Thursday on a contract offer from Petrobras or continue a strike, the union said.
Analyst: Oil Supply and Demand to Rebalance in 2016
Tuesday, November 17, 2015 Evercore ISI expects oil prices next year to settle in the $60s per barrel, once demand increases and supply finally declines.
East Timor Appeals to Australian Public in Border Dispute
Tuesday, November 17, 2015 East Timor is seeking Australian public support to try to persuade Canberra to settle a longstanding maritime border dispute, a senior minister says.
No Keystone, No Problem: TransCanada Turns to Mexico Expansion
Tuesday, November 17, 2015 Days after the US spurned TransCanada's proposal to expand its Keystone pipeline network across North America, Mexico opened its arms.
Oil Slides 2%, Market Refocused On Global Supply Glut
Tuesday, November 17, 2015 Crude oil futures fall more than 2%, resuming their slide after a one-day pause.
UOG 2015: PM Netanyahu to End Israeli Gas Deadlock 'Within Weeks'
Tuesday, November 17, 2015 Israeli PM Benjamin Netanyahu will soon sign a document that will lead to the resumption of efforts to develop Israel's natural gas sector, according to Energy Minister Dr. Yuval Steinitz.
Brazil Oilworkers Local Tells Members To Quit Petrobras Platforms
Tuesday, November 17, 2015 The Brazilian oilworkers union local responsible for the bulk of the country's oil and gas output told its members to leave all Petroleo Brasileiro SA vessels in the Campos Basin.
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|Brent Crude Oil :||$46.12/BBL||0.63%|
|Light Crude Oil :||$42.87/BBL||2.68%|
|Natural Gas :||$2.2/MMBtu||0.45%|
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