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WoodMac: US to Achieve Energy Independence by 2025
Friday, October 24, 2014 Higher production and lower demand are driving the United States on the path to energy independence by 2025, according to Wood Mackenzie.
Study: Oil, Gas Drilling Activities Provide Major Economic Stimulus for US
Friday, October 24, 2014 Oil and gas exploration and production account for much of the growth in employment and economic activity across the country, an analytical study said.
Brent Oil Ends Week Flat, Pausing Rout, as US Contango Looms
Friday, October 24, 2014 Brent oil prices fell but were little changed on the week as traders caught their breath from a months-long rout, even as signs of rising global supply and a U.S. contango structure threatened deeper losses.
China's Top Diplomat to Visit Vietnam Again Amid Sea Dispute
Friday, October 24, 2014 Chinese diplomat visits Vietnam over oil rig operating in part of the South China Sea that both countries claim.
Inside BP's Upstream Learning Center
Friday, October 24, 2014 Rigzone takes a look around BP's new Upstream Learning Center in Sunbury near London.
Spain Appeals Planned Canary Island Vote On Oil Drilling
Friday, October 24, 2014 Spain's government launches an appeal in the Constitutional Court seeking to halt a Canary Islands referendum next month, Deputy Prime Minister Soraya Saenz de Santamaria says.
Contractors Shift Focus In Changing Australian Industry
Friday, October 24, 2014 With the development phase of Australia's LNG industry starting to slow, contracting companies operating in the country are diversifying into new areas of service.
Russian Prosecutors Detain More Suspects In Total CEO Plane Crash
Thursday, October 23, 2014 Prosecutors detain four Moscow airport workers and deny bail to the driver of a snow plough involved in the plane crash that killed the CEO of Total earlier this week.
Brent Up Almost 3%, Biggest Gain Since June, On Reported Saudi Cut
Thursday, October 23, 2014 Brent crude oil jumps nearly 3%, its most in over four months, after an industry source says Saudi Arabia cut output in September following the summer's tumble in prices.
Asia Leads in Global LNG Demand Growth, China Support
Thursday, October 23, 2014 Asia will be the main driver of global demand growth for liquefied natural gas, lifted by expectations of higher gas consumption in China.
Mozambique Offers More Gas And Oil Blocks Week After Election
Thursday, October 23, 2014 Mozambique opens up 15 new areas for exploration and production, a week after national elections which are expected to return the ruling Frelimo party to power.
Husky Energy Profit Rises 11.5% On Increased Production
Thursday, October 23, 2014 Husky reports an 11.5% rise in quarterly profit, helped by a 10% increase in production.
Three Azeri Workers Die In Offshore Platform Accident
Thursday, October 23, 2014 Three workers were killed and one is still missing after an accident at one of the offshore oil and gas platforms in the Caspian Sea, SOCAR says.
Colombia Could Lower Oil Price Projections For 2015 And 2016
Wednesday, October 22, 2014 Colombia may revise down its projections for the price of oil in 2015 and 2016, Finance Minister Mauricio Cardenas says.
Oil Dives After Big US Weekly Crude Stock Build
Wednesday, October 22, 2014 Oil prices fall sharply, with US crude approaching $80 a barrel after data shows a second big jump in weekly US crude stockpiles.
Shale Activity Creating Need for Updated Data Management Systems
Wednesday, October 22, 2014 Oil and gas companies should truly understand the scope of their operations before investing in technology solutions to address the complexity and volumes of data in shale operations.
Famed Texas Oilman Nelson Bunker Hunt Dead At 88
Wednesday, October 22, 2014 Nelson Bunker Hunt, the Texas oilman once considered the world's richest man before his fortunes were undone by Muammar Gaddafi and his own epic overreaching in the silver market, dies at age 88.
Thailand Plans Feb Auction Of Petroleum Concessions At 29 Blocks
Wednesday, October 22, 2014 Thailand plans to kick off a new auction round next February for petroleum concessions on 29 onshore and offshore blocks in its effort to secure energy supplies, a senior energy ministry official says.
Denton To Vote To Ban Fracturing On November 4
Wednesday, October 22, 2014 The citizens of Denton will be voting Nov. 4 whether or not to ban hydraulic fracturing.
Minister: Norway Oil Projects Face Delays over Costs
Tuesday, October 21, 2014 Several Norwegian oil and gas projects with development plans due in 2015 will be delayed because of high costs and technological challenges, says oil minister Tord Lien.
Storms Prompt Mexico's Pemex To Evacuate 15,000 Workers From Gulf
Tuesday, October 21, 2014 Pemex says it is evacuating 15,000 workers from installations in the Gulf of Mexico because of bad weather, adding the evacuation would have only a minimal impact on crude oil output.
Kemp: Congressional Study Questions Embargo-Era Oil Policies
Tuesday, October 21, 2014 Lifting restrictions on US crude oil exports could actually lower fuel prices for US motorists and other consumers by contributing to a drop in world oil prices.
Halliburton, Baker Hughes Buy More Sand, Railcars As Demand Piles Up
Tuesday, October 21, 2014 As fracking accelerates in North American shale fields, Halliburton and Baker Hughes are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul.
Oil Ends Up After China Demand News, Fragile Recovery Seen
Tuesday, October 21, 2014 Brent crude oil ends up almost 1%, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling.
NASA Scientist: Arctic Drillers Can Learn from Space Program
Tuesday, October 21, 2014 Speakers discuss ways to overcome the challenges of drilling in the Arctic in order to extract fossil fuels in an extreme environment.
Total CEO de Margerie Killed In Moscow As Jet Hits Snow Plough
Tuesday, October 21, 2014 The chief executive of Total, Christophe de Margerie, was killed when a business jet collided with a snow plow during takeoff at Moscow's Vnukovo International Airport, the company and airport officials say.
Oil Falls Below $86 As Oversupply, Global Economy Worries Weigh
Monday, October 20, 2014 Brent crude falls, dropping below $86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week's 4-year low.
Mexico's Alfa Seeks To Raise $1B For Energy Projects
Monday, October 20, 2014 Alfa says it wants to issue about $1B worth of shares so it can invest in Mexican energy projects in shale gas, conventional hydrocarbons and electricity.
Ocean Rig, Petrobras Agree To 3-Year, $1.1B Drillships Lease
Monday, October 20, 2014 Ocean Rig signs a $1.1B 3-year contract with Petroleo Brasileiro to extend a lease on two ultra-deepwater drilling ships.
Douglas-Westwood: 'Offshore EPC - All Change'
Monday, October 20, 2014 DW Monday briefly discusses the realignment in Asia's offshore engineering, procurement and construction landscape.
Halliburton Profit Beats As N. America Drilling Stays Strong
Monday, October 20, 2014 Halliburton reports a better-than-expected quarterly profit, helped by buoyant shale drilling activity in North America.
What's Going on in Kurdistan? Q&A with Gulf Keystone CEO
Monday, October 20, 2014 Rigzone catches up with John Gerstenlauer, CEO of Gulf Keystone Petroleum, to find out about the situation for oil companies in Kurdistan.
Oil And Gas Backs Democrat's Bid To Keep Louisiana US Senate Seat
Monday, October 20, 2014 Oil and gas interests are pouring money into a tight US Senate race in Louisiana, giving twice as much to the Senate campaign of incumbent Democrat Mary Landrieu than her Republican challenger.
Schlumberger Says Higher Oil Demand In 2015 To prompt Oil, Gas Spend
Friday, October 17, 2014 Schlumberger says oil and gas spending will increase in 2015 as global oil demand is poised to rise.
Oil Bucks Downtrend To Eek Out Small Gain
Friday, October 17, 2014 Oil prices rise slightly, bouncing from near 4-year lows even while marking a fourth straight weekly loss.
Russia's Gazprom Neft Sees Oil Price Returning To $95-110 Per Barrel
Friday, October 17, 2014 Gazprom Neft says it does not see a fall in the oil price as a long-term trend.
China, Vietnam Pledge to 'Address and Control' Maritime Disputes
Friday, October 17, 2014 China and Vietnam have agreed to "address and control" maritime disputes, state media says.
North Sea Future: Innovation Needed
Friday, October 17, 2014 After the 'no' vote in the Scottish Referendum, attention now turns to the Wood Review and this December's Fiscal Review about how best to extract the remaining hydrocarbons from the UK North Sea.
Tanzania To Pick Winners Of Oil, Gas Bids Before Year-End
Friday, October 17, 2014 Tanzania is in final stages of evaluating bids for oil and gas blocks it offered in its latest bidding round and plans to pick the winners before the end of this year, its upstream regulator says.
BOEM to Offer 44 Million Acres Offshore GOM
Thursday, October 16, 2014 BOEM Acting Director Walter Cruickshank announces the bureau will offer nearly 44 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development.
Chesapeake To Sell Oil, Gas Assets For $5.37B
Thursday, October 16, 2014 Chesapeake says it will sell some oil and gas assets in the Marcellus and Utica to Southwestern Energy for about $5.37 billion.
Bumi Armada's CEO Eyes FPSO Opportunities in India
Thursday, October 16, 2014 Bumi Armada CEO believes India offers exciting growth opportunities for companies serving the floating production, storage and offloading market.
East Africa Neighbors Close To Picking Consultant For Oil Export Pipeline
Thursday, October 16, 2014 Kenya, Uganda and Rwanda are in the final stages of deciding on a consultant to oversee building a pipeline to pump oil to the coast for export, according to officials.
Oil Rises On Tight US Gasoline Stocks, Options Expiry
Thursday, October 16, 2014 Oil prices rise in volatile trading, as data showing tight US gasoline supplies and technical trading ahead of options expiry provided rare support amid a long downturn.
Taiwan Considers Permanent Armed Ships for Disputed South China Sea Island
Thursday, October 16, 2014 Taiwan is considering stationing armed vessels permanently on a disputed South China Sea island, officials say.
Nikkei: Russia Proposes Building Natural Gas Pipeline to Japan
Wednesday, October 15, 2014 Russia has proposed building a natural gas pipeline connecting fields in its far east with northern Japan, the Nikkei newspaper reports.
Oil Resumes Slump On Economic Gloom After Brief Bounce
Wednesday, October 15, 2014 Oil prices slump after a brief bounce from four-year lows fails to gain traction.
Colorado Political Candidates: Energy Vital to Colorado's Economy
Wednesday, October 15, 2014 Colorado political candidates meet to discuss the future of energy production in the state, and its role in the state's economy.
CNOOC Goes Solo in Deepwater Exploration, Opens New Frontier for China
Wednesday, October 15, 2014 China's first ever deepwater hydrocarbon discovery is significant not only for the domestic upstream industry, but also on countries in the region.
Yemen Separatists Urge Oil Firms to Stop Exports from South
Wednesday, October 15, 2014 Southern separatists seeking to split from Yemen's north set an ultimatum for the government evacuate its soldiers and urge foreign oil and gas firms to halt exports.
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