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Husky Energy Works to Clean Up Oil Spilled into Canadian River
Friday, July 22, 2016 Husky Energy crews work to clean-up an oil spill into a major western Canadian river, a government official says, with efforts focused on ensuring it does not contaminate the drinking water of communities downstream.

Oil Glut Deeper Than Just Crude Exposed as Recovery Stumbles
Friday, July 22, 2016 For almost two years, the spotlight in the global oil market has been on a surplus of crude. The latest stumble in prices shows that the glut extends further.

Rajeev Kumar Sinha Discusses India's Return to International Exploration
Friday, July 22, 2016 Directorate General of Hydrocarbons' CTO Rajeev Kumar Sinha discusses India's ongoing offer of 67 small oil and gas fields under new terms.

Philippines' Oil Still In Troubled Waters After South China Sea Ruling
Friday, July 22, 2016 The Philippines, eager to resume development of vital oil and gas reserves off its coast, will likely need to reach an accord with a Chinese government infuriated by last week's ruling that granted Manila a big victory in the South China Sea.


  


Schlumberger Joins Halliburton in Calling Bottom of Oil Downturn
Friday, July 22, 2016 The world's two largest providers of oilfield drilling and fracking services have now declared that the worst may be over in the two-year-old oil market crash.

Schlumberger Joins Halliburton in Calling Oil Cycle's Bottom
Friday, July 22, 2016 The world's two largest providers of oilfield drilling and fracking services have now declared that the worst may be over in the two-year-old oil market crash.

Baker Hughes: US Oil Drillers Add Rigs for Fourth Straight Week
Friday, July 22, 2016 US drillers this week added oil rigs for a fourth consecutive week, according to a closely followed report on Friday, with the recent return to the well pad expected to soften the decline in domestic crude production.

Maersk Drilling to Cut up to 140 Jobs in Norway
Thursday, July 21, 2016 Denmark's Maersk Drilling says it will cut up to 140 jobs in Norway due to lack of work for two rigs.

Nigeria's Qua Iboe Crude Under Force Majeure for at Least a Month
Thursday, July 21, 2016 Exports of Nigeria's largest crude oil stream, Qua Iboe, will remain under force majeure for at least one month while operator Exxon Mobil repairs a leak on the pipeline feeding the terminal.

France's GTT Cuts Outlook on Ship Construction Delays
Thursday, July 21, 2016 French supplier of systems for marine transportation of LNG Gaztransport & Technigaz report strong growth in its first-half results, but cut its 2016 revenue outlook.

Employers, Educators Collaborate to Graduate the Next Oil, Gas Workforce
Thursday, July 21, 2016 Industry employers and higher education institutions work together to align current business needs with curriculum and student development.

Indonesia Plans To Start Building Strategic Oil Reserves This Year
Thursday, July 21, 2016 Indonesia plans to start installing tanks for its strategic petroleum reserves (SPR) and filling them this year with the goal of covering 30 days worth of emergency stocks eventually, the energy minister says.

More Than $600 Billion Is at Stake as Japan Probes LNG Deals
Thursday, July 21, 2016 Japan's probe into whether the resale restrictions in most of its LNG contracts violate fair trade laws may lead to the renegotiation of more than $600 billion worth of deals.

Survey Reveals Midstream Companies Focusing on Retention Efforts
Thursday, July 21, 2016 Longnecker & Associates' survey finds that midstream companies are leveraging their available cash to offer salary increases and more liquidity to employees.

Oil Down 2% as Record US Stockpiles Heighten Glut Worry
Thursday, July 21, 2016 Oil prices fell 2 percent on Thursday, as the market took a closer look at US government data that showed growing inventories of gasoline and other oil products pushed total petroleum supplies in the No. 1 oil consumer to record highs.

BLOG: PTT Scours Ways of Funding Core Business
Thursday, July 21, 2016 Thailand's national oil firm PTT spares no effort in the search for fund its core business in the current challenging market.

Lower 48 to See Production Losses through 2020 on CAPEX Cuts
Thursday, July 21, 2016 The Bakken and Eagle Ford plays see the biggest CAPEX cuts, but activity in the Permian Basin remains resilient by comparison.

Canadian Energy Earnings Hint at Brighter Outlook for Oil
Thursday, July 21, 2016 The Canadian oil and gas earnings season kicks off with signs of an industry recovery as Encana Corp and Precision Drilling Corp outlined plans to boost activity.

Nigeria's Buhari Says Government Talking to Niger Delta Militants
Thursday, July 21, 2016 The Nigerian government is talking to militants in the southern Niger Delta to end a wave of attacks on oil and gas facilities, President Muhammadu Buhari says.

First US LNG Shipment to Cross Expanded Panama Canal Next Week
Thursday, July 21, 2016 The United States will ship its first LNG cargo through an expanded Panama Canal next week.

Halliburton Expects Modest Uptick in N. America Rig Count
Wednesday, July 20, 2016 Halliburton reports a smaller-than-expected quarterly loss and says it expects to see a "modest uptick" in North American rig count in the second half of the year.

Drones: From Delivering Tacos to Fighting Pipeline Corrosion
Wednesday, July 20, 2016 An expert from a Lloyd's Register unit discusses the changing capabilities of unmanned aerial systems.

Goldman Sachs: Oil, Gas Will Need Up to 100K Workers for US Shale Growth
Wednesday, July 20, 2016 Goldman Sachs finds a ramp-up of US shale production in coming years will require the need for 80,000 to 100,000 workers.

Norway to Examine Competition Conditions in Oil Industry
Wednesday, July 20, 2016 Norway's competition watchdog will look into whether competition rules are being infringed in the country's oil industry, the industry ministry says.

Oil Prices Up 1% After Ninth Weekly US Crude Drawdown
Wednesday, July 20, 2016 Oil prices rose as much as 1 percent on Wednesday, lifting US crude from two-month lows, after the US government reported a ninth straight week of crude inventory draws, easing some concerns in a market worried about a glut.

Goldman Sees Russian Oil Output Topping Soviet Record by 2018
Wednesday, July 20, 2016 Russian oil output will exceed the former Soviet record set almost 30 years ago by the end of 2018 as low-cost fields allow producers to defy the slump in prices, according to Goldman Sachs.

CEO: Saudi Aramco Not Worried About Competition in Asia
Wednesday, July 20, 2016 Saudi Aramco is not worried about competition from other producers raising their crude sales in Asia as the number of customers the state oil giant deals with is also increasing, its CEO says.

Saudi Aramco Signs Contracts to Build $13B Fadhili Gas Project
Wednesday, July 20, 2016 State oil giant Saudi Aramco signed four engineering contracts to build its Fadhili gas processing project, the company says.

UNEP: Global Extraction of Primary Materials to Triple by 2050
Wednesday, July 20, 2016 The amount of primary materials extracted from the earth will almost triple by the middle of this century if action is not taken, a UN-backed report says.

US, Enbridge Reach $177M Settlement after 2010 Oil Spills
Wednesday, July 20, 2016 The US DOJ, EPA and US units of Enbridge reach a settlement under which the pipeline company will pay $177 million after a 2010 oil spill that released crude oil in Michigan and Illinois, Enbridge says.

Russell: Exxon's Offer for InterOil a Model for Buying at the Bottom
Tuesday, July 19, 2016 Exxon's bid to buy a junior natural gas explorer in a remote Pacific country shows that rare corporate ability of planning a deal at the bottom of the commodity cycle that holds the promise of long-term returns.

Chesapeake, Tom Ward Sued by Shale Owners for Alleged Scheme
Tuesday, July 19, 2016 Chesapeake Energy, the company Aubrey McClendon built into a natural-gas giant, is sued along with his former partner by lease holders who say the pair conspired to rig bids for drilling rights during the shale boom.

BP's $8 Billion Tangguh Project Boosts Indonesia's Upstream Job Market
Tuesday, July 19, 2016 BP and its joint venture partners agree to develop the Tangguh Expansion Project in Papua Barat Province, lifting some gloom from Indonesia's upstream employment market.

Australia's PM Names Josh Frydenberg as Minister for Environment and Energy
Tuesday, July 19, 2016 Australia's Prime Minister Malcolm Turnbull, fresh from a narrow general election victory, appoints Josh Frydenberg as Minister for the Environment and Energy.

Libya Suspends Sarir Oil Output Due to Hariga Port Protest
Tuesday, July 19, 2016 A protest over wages that has shut the eastern Libyan oil terminal of Hariga forces the operator of the Sarir oil field to suspend production of 100,000 barrels per day, an oil company spokesman says.

IMF Predicts Nigeria's Economy Will Contract by 1.8% in 2016
Tuesday, July 19, 2016 Nigeria's economy, the biggest in Africa, is likely to contract by 1.8 percent this year, the IMF says, as the country grapples with the impact of low oil prices.

Oil Down Before US Stockpile Data; Attention on Product Builds
Tuesday, July 19, 2016 Oil prices fell as much 1 percent for a second day in a row on Tuesday as a rallying dollar and global fuel glut offset forecasts for lower US crude stockpiles that would have been typically bullish for the market.

Exodus of Professional Workers Reshaping Qatar
Tuesday, July 19, 2016 Professionals are leaving Qatar as employers make cutbacks amid lower energy prices.

BLOG: Rigzone/Twitter Poll Says Reduced Hours Should Replace Job Cuts
Tuesday, July 19, 2016 Reduced hours should replace job cuts in the oil and gas industry, according to a Rigzone poll on Twitter.

US Silica Acquires East Texas Mine Unit for $210M
Tuesday, July 19, 2016 US Silica expands its frac sand capacity and product offering with its acquisition of NBR Sand for $220 million.

In Brazil, Another Shipyard Goes Bust As Work Returns To Asia
Monday, July 18, 2016 If there's one industry where all of Brazil's political and economic upheavals come together, it's shipbuilding.

Iran to Name International Oil Companies Eligible to Take Part in Tenders
Monday, July 18, 2016 Iran will issue a preliminary list of international energy firms eligible to take part in tenders to develop its oil and gas fields within the next two weeks, according to an oil official.

Iran to Name International Oil Companies Eligible to Take Part in Tenders
Monday, July 18, 2016 Iran will issue a preliminary list of international energy companies eligible to take part in tenders to develop its oil and gas fields within the next two weeks, a senior Iranian oil official says.

Canada's Oil Heartland Is In the Midst of its Worst Recession on Record
Monday, July 18, 2016 Alberta, the home of Canada's oil sands, is going through its worst downturn in activity on record as a prolonged period of low oil prices and the wildfires earlier this year buffet the provincial economy.

Saudi Arabia Seeks to Create Biggest Tanker Fleet With New Fund
Monday, July 18, 2016 A venture between Apicorp and National Shipping of Saudi Arabia will create the world's largest fleet of oil tankers and support the kingdom's plan to boost crude exports, Saudi Energy Minister says.

Militants Attack State-Run Nigerian Oil Pipeline
Monday, July 18, 2016 Militants in Nigeria have attacked a crude oil pipeline on the outskirts of Warri, a city in the Niger Delta, which is operated by a subsidiary of the Nigerian National Petroleum Corporation (NNPC), a community leader says.

Safety Investment Remains Resilient Despite Downturn
Monday, July 18, 2016 Oil and gas companies continue to invest in safety research despite an industry downturn.

Oil Drops as Flows Unhindered Following Coup Attempt in Turkey
Monday, July 18, 2016 Oil declined following a failed coup in Turkey as shipments continued through the vital conduit from Russia and Iraq to the Mediterranean Sea.

Oil Producers Prepare for Second-Half Slump as Rally Sputters
Monday, July 18, 2016 Oil producers aren't betting on the rally. After surviving two years of low prices, they're gearing up for a third by buying protection against a renewed downturn.

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