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Modest Recovery Within UK Upstream Sector Expected in 2017
Tuesday, January 17, 2017 There will be a modest recovery within the UK upstream oil and gas sector this year, according to global natural resources consultancy Wood Mackenzie.
Ideal Employer Survey: Africa Values Safety the Most
Monday, January 16, 2017 Out of all the continents featured in Rigzone's Ideal Employer Survey, respondents from Africa valued safety the most.
Aker BP Positioned for Further Growth
Monday, January 16, 2017 Independent exploration and production company Aker BP ASA is positioned for further growth, according to the firm's CEO, Karl Johnny Hersvik.
Iran Oil Minister Certain That Oil Prices Will Rise
Monday, January 16, 2017 Iran's oil minister said that he was confident the OPEC and non-OPEC members would commit to the output cut deal agreed in November, noting that prices of oil would rise further as a result.
Noble Buys Clayton Williams for $2.7 Billion to Grow in Permian
Monday, January 16, 2017 Noble Energy Inc. agreed to buy Clayton Williams Energy for $2.7 billion in stock and cash to expand in America's hottest shale play.
Oil Up On Saudi Commitment To Cut; U.S. Output Seen Rising
Monday, January 16, 2017 Oil prices settle up, as Saudi Arabia's commitments to reducing production offset a report forecasting U.S. output would again rise this year.
Venezuela Will Circulate New Proposal To Support Oil Prices Next Week
Monday, January 16, 2017 Venezuela will next week circulate a new proposal to crude producers in a bid to support oil prices, President Nicolas Maduro said, without providing details.
Oil Falls On China Concerns, Down 3% For The Week On OPEC Doubts
Friday, January 13, 2017 Oil prices fall and end the week 3% lower on lingering doubts over the extent of OPEC cuts.
Report: CHC to Shut Down Bergen Base, Shed 100 Jobs
Friday, January 13, 2017 Offshore helicopter operator CHC will shut down its base in Bergen, Norway, and shed around 100 employees, according to a report from local newspaper Bergens Tidende.
Process Safety Management: Overcoming the Silo Factor
Friday, January 13, 2017 Review of process safety risk assessments detects a common culprit.
Ideal Employer Survey Reveals Midstream's Picks for Top Companies
Friday, January 13, 2017 Rigzone's latest survey finds what's most important to midstream professionals and Deloitte's vice chairman John England provides a midstream outlook for 2017.
BLOG: Should the US Cut Oil Production in Line With OPEC, NOPEC?
Friday, January 13, 2017 OPEC's subtle message that the US should join its production cut pledge with other non-OPEC nations - in the interest of global market stability - is unlikely to get an affirmative response.
Anadarko Sells Out of Upstream Eagle Ford in $2.3B Deal
Friday, January 13, 2017 Sanchez Energy and Blackstone Group buy Anadarko Petroleum's remaining Eagle Ford acreage, bringing Anadarko's divestitures to more than $7 billion since early 2016.
Shell Oil Workers In Gabon Begin 'Unlimited' Strike
Thursday, January 12, 2017 Royal Dutch Shell workers in Gabon begin an 'unlimited' strike at all the company's operations in the Central African OPEC member country.
Aker Solutions May Axe up to 650 Jobs
Thursday, January 12, 2017 Oilfield services company Aker Solutions confirms that it may cut around 650 positions, mainly by shedding jobs in Norway, the UK and India.
What's Next for Mexico's Energy Sector?
Thursday, January 12, 2017 Rigzone examines the possible long-term outlook for Mexico's energy sector.
Education: A Key Ingredient for Expanding Gas Infrastructure
Thursday, January 12, 2017 Now may be the right time to build new gas infrastructure, but formidable forces prevent the execution of growth plans.
Oil Rises On Supply Cuts, Record China Demand Forecast
Thursday, January 12, 2017 Oil prices rose more than 1% on news that key crude exporters were cutting production to reduce a global crude glut.
China's CNPC Forecasts Record Oil Demand, Warns On Product Glut
Thursday, January 12, 2017 China's crude oil demand will grow by 3.4% this year to a record of almost 12 million barrels per day as refiners in the world's second-biggest oil user ramp up output.
NPD: 2017 Set to be Another Demanding Year
Thursday, January 12, 2017 The next 12 months will be yet another demanding year for the industry, according to the Norwegian Petroleum Directorate, although the decline in investments is slowing.
Oil Gains - Pares Earlier Losses off Newfound Optimism
Wednesday, January 11, 2017 After falling almost 6% earlier in the week, oil prices picked up steam as traders saw a buying opportunity in the market.
BLOG: Houston Profitable Area for STEM Grads
Wednesday, January 11, 2017 A recent analysis by WalletHub finds that the Houston metropolitan area ranks first in the annual media salary for STEM workers.
Nigeria Oil Union Suspends Three-Day Nationwide Strike After Talks
Wednesday, January 11, 2017 A Nigerian oil labor union has suspended a nationwide three-day strike over job losses that hit petrol stations and oil tankers.
Big Oil Hits Sweet Spot as Projects Reap Rewards of Recovery
Wednesday, January 11, 2017 Big Oil is poised to reap rewards this year as investments made before the crude-price slump pay off just as the recovery starts.
Cruise Line Exec: LNG Represents the Future
Wednesday, January 11, 2017 Carnival opting for LNG instead of marine diesel oil.
OHSLG: S92 Helicopters to Return to Action Following Grounding
Wednesday, January 11, 2017 The Offshore Helicopter Safety Leadership Group (OHSLG) expects the phased return of Sikorsky S92 helicopters on Wednesday.
Oil, Gas Investment to Grow in 2017 for First Time since Price Crash
Wednesday, January 11, 2017 The oil and gas investment cycle will show the first signs of growth in 2017 since the oil price crash in 2014, according to a new report from Wood Mackenzie.
AAIB: Sikorsky Helicopter Suffered from Loss of Yaw Control
Wednesday, January 11, 2017 The Sikorsky S92 helicopter that left significant gouge marks on the deck of a North Sea platform on December 28 suffered from a loss of yaw control on landing.
Tillerson Tells Congress Neither He, Nor Exxon Lobbied Against Sanctions
Wednesday, January 11, 2017 Trump Secretary of State nominee and former ExxonMobil CEO Rex Tillerson denies the company lobbied on Russian sanctions, but federal disclosure filings in 2014 raise questions.
EIA: US Production Growth Among Risks to Oil Market Rebalancing
Tuesday, January 10, 2017 Offshore Gulf of Mexico production largely drives US crude oil production growth in 2017 and 2018, according to US Energy Information Administration's outlook.
Texas $1B Carbon Project To Curb Emissions, Up Oil Recovery
Tuesday, January 10, 2017 NRG Energy and JX Nippon Oil & Gas Exploration begin operations at a $1.04 billion carbon capture facility at a Texas coal-fired power plant and use the emissions to extract crude from a nearby field.
Oil Slides 2% On Strong Dollar, Doubts Of OPEC Output Cuts
Tuesday, January 10, 2017 Oil prices fall 2% to the lowest in nearly a month, extending the previous session's sell-off.
New Chapter in NGV Story About to Unfold
Tuesday, January 10, 2017 Natural gas vehicle (NGV) advocate sees emerging opportunities to gain market share.
Report: Centrica to Cut UK Jobs
Tuesday, January 10, 2017 Centrica plc will cut 25 jobs from its exploration and production operations in Aberdeen, according to a report from the BBC.
Bilfinger Secures Services Contract, Retains 150 Jobs
Tuesday, January 10, 2017 Bilfinger Salamis UK secures a service contract extension, which will support employment for over 150 personnel, according to the company.
Sikorsky Grounds All S92 Aircraft Following North Sea Incident
Tuesday, January 10, 2017 Sikorsky grounds all S92 aircraft for safety checks following an incident on a North Sea platform.
SNP: UK Government's New Energy Department Suffering from Confusion
Tuesday, January 10, 2017 The UK government's new energy department is suffering from widespread confusion amongst its own staff about its role and responsibilities, the SNP has claimed.
Barclays Forecasts Investors May Shift, Favor Oilfield Services
Monday, January 09, 2017 Analysts upgrade oilfield services from neutral to positive as under-owned sector poised to benefit from North America's 27% E&P spending boost.
AkerBP, Cairn Energy Make Jefferies Top Pick List
Monday, January 09, 2017 AkerBP ASA and Cairn Energy plc have made investment bank Jefferies' 'top pick' list, while Genel Energy plc and Tullow Oil plc have been given an 'underperform' rating by the firm.
Maersk Oil DBU to Shed up to 160 Jobs
Monday, January 09, 2017 Maersk Oil Danish Business Unit (DBU) will "simplify its organization to improve efficiency," which will result in the reduction of up to 160 positions.
INA's Syrian Gas Facilities Torched By Islamic State
Monday, January 09, 2017 Islamic State militants have set fire to facilities on gas fields in Syria owned by Croatian energy group INA.
Norway's New Oil Minister Expects More Investment Decisions This Year
Monday, January 09, 2017 Norway's oil minister believes energy firms will sanction more projects this year compared to 2016, when five field development plans were presented to authorities for approval.
Oil Down 4% On Concerns Over Rising Iraqi Exports, US Output
Monday, January 09, 2017 Oil prices tumbled by 4% on concern that record Iraqi crude exports and rising US output would undermine OPEC's efforts to curb global oversupply.
Localized Approach Could Grow Gas-Fired Power's Global Reach
Monday, January 09, 2017 Pipeline expansions, microturbines and LNG "milk runs" can extend practicability of natural gas-fueled electricity.
North Sea Risks Becoming 'Net Drain' on UK Resources
Monday, January 09, 2017 The North Sea risks becoming a net drain on UK resources as taxpayers face a $29 billion (GBP 24 billion) bill for decommissioning oil and gas fields in the region, the Financial Times reports.
Unite General Secretary Calls on Governments to Protect UK Oil Industry
Monday, January 09, 2017 Unite's General Secretary has called on governments in London and Edinburgh to do more to protect the UK's oil industry, according to the BBC.
Oil Edges Up; Strong Dollar, OPEC Doubts Make Buyers Cautious
Friday, January 06, 2017 Oil rose slightly on futures buying, ending the week higher, but gains were limited by a strong US dollar and lingering doubts.
Cost Reduction, Greater Efficiency Focus of Technology in 2017
Friday, January 06, 2017 Companies will continue focus on technology to keep costs low while enhancing efficiency and safety, industry observers tell Rigzone.
Obama Admin. Denies Pending Airgun Seismic Surveys for US Atlantic
Friday, January 06, 2017 BOEM's decision follows the cancellation over the next five years of offshore oil and gas leasing in the Atlantic Ocean.
Report: North Sea Helicopter Experiences 'Technical Fault'
Friday, January 06, 2017 A CHC helicopter left significant gouge marks on the deck of a North Sea platform on December 28, according to a report from the BBC.
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