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Oil Rises as OPEC Chief Barkindo Seeks to Resolve Output Plan
Tuesday, October 25, 2016 Oil climbs as OPEC's secretary general is set to visit Baghdad for talks aimed at resolving a deal on output after Iraq said it should be exempt from planned cuts.

Oil, Gas Automation Sector Suffering From Skills Shortage
Tuesday, October 25, 2016 The oil and gas automation sector is suffering from a skills shortage, according to Vimal Kapur, President of Honeywell Process Solutions.

Industry Must Be Presented As Stimulating, Challenging to Inspire Millenial
Tuesday, October 25, 2016 The oil and gas industry must be presented as stimulating and challenging to inspire millennials, Oil & Gas UK Chief Executive Deirdre Michie told Rigzone.

Oil Dips On Buzzard Restart, Iraq; US Crude Tests Below $50
Monday, October 24, 2016 Oil prices dip, with US crude briefly falling below $50 per barrel.

Hundreds in Los Angeles Protest Climate Change, North Dakota Pipeline
Monday, October 24, 2016 Hollywood stars among protesters attending climate rally in MacArthur Park, Los Angeles, while 80 protesters arrested near pipeline construction site in North Dakota.


Russia, Qatar, OPEC Discuss Possible Action To Shore Up Oil Market
Monday, October 24, 2016 Energy ministers from Russia and Qatar along with OPEC's secretary general discussed possible joint action to stabilize the oil market.

Galp Sees Faster Brazil Oil Sector Development With More Access
Monday, October 24, 2016 The opening of new projects in the subsalt areas off Brazil's coast to operators other than the financially strained Petrobras is positive and should speed up development, Galp Energia CEO says.

Kemp: US Oil And Gas Producers Stir From Hibernation
Monday, October 24, 2016 US oil and gas drillers are reporting the biggest and most sustained upturn since oil prices began slumping in the middle of 2014.

Oil Industry Workers Split Between Trump And Clinton
Monday, October 24, 2016 US oil and gas industry workers have contributed only slightly more money to the campaign of Clinton than to Trump since the two clinched their parties' nominations for the White House.

BLOG: Oil, Gas Company Lends Support to Driver Safety Initiative
Friday, October 21, 2016 A new program aims to reduce the number of injuries and deaths on Permian Basin roadways to zero.

Chesapeake Energy Declares 'Propageddon' With Record Frack
Friday, October 21, 2016 The era of the monster frack has arrived in North America, and Chesapeake is singing its praises.

Oil Up On Russia-OPEC Hopes; US Rig Count Jump Limits Gains
Friday, October 21, 2016 Oil settles up on hopes Russia and OPEC will reach agreement on market support initiatives to keep crude above $50 a barrel.

Schlumberger Sees Early Signs Of Recovery In Most Markets
Friday, October 21, 2016 Schlumberger says there were early signs of recovery in industry activity in most parts of the world, as oil prices stabilize after a two-year slump.

Baker Hughes: US Drillers Extend Rig Recovery With Oil Over $50/Bbl
Friday, October 21, 2016 The number of rigs drilling for oil in the United States this week rose by the most in two months.

Schlumberger Sees Improved Activity In N. America In 2017
Thursday, October 20, 2016 Schlumberger reports a better-than-expected quarterly profit and said it expected improved activity in onshore North American, Middle Eastern and Russian markets next year.

Oil Down 2%, Strong Dollar Knocks US Crude Off 15-Month Highs
Thursday, October 20, 2016 Oil prices settles down more than 2%, as a resurgent dollar encouraged players to take profit on the previous day's rally.

Gains From Higher Rig Count Limited For Halliburton, Schlumberger
Thursday, October 20, 2016 An increase in rigs being put back to work in US shale fields is largely being driven by smaller oil companies.

Ex-Venezuela PDVSA Boss Denies $11B Corruption Allegations
Thursday, October 20, 2016 Former PDVSA President Rafael Ramirez denied as "irresponsible lies" a Venezuelan congressional investigation accusing the state oil company of corruption to the tune of $11 billion during his decade-long tenure.

Restructuring at FMC Technologies to Continue Following Layoffs
Thursday, October 20, 2016 FMC Technologies expects to continue its restructuring efforts following layoffs of 1,000 worldwide in this year's third quarter.

World Bank Boosts 2017 Crude Oil Forecast To $55 Per Barrel
Thursday, October 20, 2016 The World Bank raises its crude oil price forecast for 2017 to $55 a barrel from $53.

Energy IPO Pace Picks Up
Thursday, October 20, 2016 With renewed apparent stability in commodity prices and investor appetite gaining strength, energy companies are looking toward the stock market for investment funds.

Exxon CEO Doesn't See Supply Shortage Pushing Up Oil Prices
Wednesday, October 19, 2016 ExxonMobil says ample production from US shale regions will keep prices subdued for years to come, disagreeing with others in the industry who have warned about a looming shortage.

Shale Drillers Are Going Long - Not Deep - in the Oil Patch
Wednesday, October 19, 2016 Explorers are drilling longer and longer wells, running thousands of feet sideways to tap as much of the crude-bearing rock as possible.

Enbridge Cuts 5% Of Workforce In Canada, US
Wednesday, October 19, 2016 Enbridge is laying off 5% of its workforce after an organizational review, a spokeswoman says.

BLOG: US Sits on the Sidelines for Iran's Bid for Foreign Oil Funds
Wednesday, October 19, 2016 Iran opens up bidding with new terms on oil projects, but sanctions preclude US companies from participating.

Surprise Crude Draw Lifts US Prices to 15-Month High
Wednesday, October 19, 2016 Oil prices traded to some of the highest levels seen in over a year.

No Near-Term Recovery For Offshore Rig Market
Wednesday, October 19, 2016 The offshore rig market is currently in its worst slump since the mid-1980s, according to the October 2016 issue of RigOutlook.

SM Energy To Buy Permian Basin Acreage For $1.6 Billion
Tuesday, October 18, 2016 SM Energy says it will buy 35,700 net acres in West Texas's Howard and Martin counties for about $1.6 billion.

Oil Ends Up Ahead Of Preliminary US Inventory Report
Tuesday, October 18, 2016 Oil settles higher as expectations of OPEC output curbs lifted prices despite forecasts that data would show a second straight weekly build in US crude stockpiles.

Executives: Deepwater Projects Survive Low Oil Price
Tuesday, October 18, 2016 The deepwater oil industry is not dead, even after the brutal drop in oil prices in recent years, executives say.

Norway's Oil Minister Says Demand For Oil Picking Up, Prices To Rise
Tuesday, October 18, 2016 The global demand for oil is rising and will probably continue to push prices higher, Norway's Oil and Energy Minister Tord Lien says.

Iran is Open for the Oil Business - Sort Of
Tuesday, October 18, 2016 Hunger for Iran's cheap oil will lure some foreign companies, but questions remain on how much it will cost commodity prices.

BP Says Will Break Even With Oil At $55/Barrel In 2017
Tuesday, October 18, 2016 BP chief executive Bob Dudley expects oil to trade at $50-$60 a barrel next year, he said on Tuesday, adding that his company would break even at prices slightly below $55.

Venezuela Replaces OPEC Governor Amid Push For Oil Deal
Tuesday, October 18, 2016 Venezuela has tapped its vice-minister for hydrocarbons to be the South American country's new governor to OPEC.

Report: Brazil To Ease Local Content Requirements In Oil, Gas Auctions
Monday, October 17, 2016 Brazil will stop favoring companies that offer to purchase a larger amount of local goods and services when selecting winners in oil and gas rights auctions, newspaper Valor Economico reports.

BLOG: Career Growth Most Important Aspect of Oil, Gas Workplace
Monday, October 17, 2016 A Rigzone poll conducted on Twitter suggests that voters rank career growth as the most important aspect of an oil and gas workplace.

New BLM Regulations to Add Red Tape for Oil, Gas Operations
Monday, October 17, 2016 A recent update to BLM regulations could add significant cost burdens for oil and gas production on US federal and Indian lands, industry groups say.

Oil Ends Lower On US Trade Spike; Shale Decline Limits Losses
Monday, October 17, 2016 Oil prices settle down, weighed by oversupply concerns, with a spike in trade volume driving US prices below $50.

EMGS Confirms Further Staff Cuts
Monday, October 17, 2016 Norway's oil and gas survey technology firm Electromagnetic Geoservices ASA (EMGS) will be reducing its staff as soon as possible, the company's chief financial officer told Rigzone.

Iran Aims For Oil, Gas Fields Tender In November
Monday, October 17, 2016 Iran will launch next month its first new style tender to develop oil and gas fields since the lifting of international sanctions.

Even At $100 For Coal, Asia's LNG Industry Struggles To Compete
Monday, October 17, 2016 The LNG sector has watched with joy how thermal coal prices have soared this year, hoping that the unexpected spike would at last make LNG price competitive in Asia.

Production Still Shut at Statfjord A Following Platform Fire
Monday, October 17, 2016 Production is still shut at Statoil's Statfjord A platform in the North Sea following an Oct. 16 fire, a company spokesperson told Rigzone.

Newfield CEO Sees Cautious Approach on Big Oklahoma Oil Find
Monday, October 17, 2016 Producers need more exploration time and a higher oil price before they can begin accelerating drilling in the Scoop and Stack oil formation, Lee Boothby says.

Bidding Frenzy in Biggest US Oil Field Yields Record Deal
Friday, October 14, 2016 RSP Permian agrees to pay $2.4B in cash and stock for Silver Hill Energy Partners as increasing competition for drilling rights in the biggest US oil field pushes bids to new records.

BLOG: Majority of Oil, Gas Workers Unhappy with Current Employment
Friday, October 14, 2016 The majority of oil and gas workers are unhappy with their current jobs, according to a Rigzone poll on Twitter.

Royal IHC To Cut More Than 400 Jobs
Friday, October 14, 2016 Subsea services company Royal IHC intends to reduce around 425 permanent and temporary contracts, mainly in indirect and support positions, due to "persistently poor market conditions".

Increased Automation to Create New Roles in Oil, Gas
Friday, October 14, 2016 Increased automation in oil and gas will change the landscape of employment opportunities, but that doesn't necessarily mean workers will lose out.

IoT Technology to Reduce Need for Oil, Gas Workers Offshore
Friday, October 14, 2016 IoT technology will reduce the number of workers needed on offshore oil and gas facilities, an official with Oceaneering International tells Rigzone.

Oil Dips On Dollar, Rig Count Rise; Focus Still On OPEC
Friday, October 14, 2016 Oil prices fall slightly as traders balance a stronger dollar and another increase in the US oil rig count against expectations that more OPEC talk of output cuts will keep crude above $50 per barrel.

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