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Oil Bulls Brace for Repeat of OPEC's Bearish Blow at Meeting
Tuesday, December 01, 2015 Hedge funds are betting this week's OPEC meeting will deliver another bearish blow to crude.
Brent Slips On OPEC Worry; US Crude Steady Ahead Of Inventory Data
Tuesday, December 01, 2015 Benchmark Brent crude settles down on bets OPEC will not cut output to stem a supply glut when the world's biggest oil producers meet later this week.
Anadarko Ordered To Pay $159.5M Fine For 2010 Gulf Spill
Tuesday, December 01, 2015 A federal judge ordered Anadarko to pay a $159.5 million civil fine reflecting its stake in the 2010 blowout.
Ultrasonic Measuring Technology Updated with Permasense Design
Tuesday, December 01, 2015 Permasense's technology enhances ultrasonic wall thickness measurement for the downstream and now upstream oil and gas industries.
Schlumberger To Cut More Jobs As Drilling Downturn Bites
Tuesday, December 01, 2015 Schlumberger announces another round of job cuts, as low oil prices and a slowdown in drilling was expected to continue into next year.
Oil Ends Down, Reversing Rally, as OPEC Output Seen Rising
Monday, November 30, 2015 Crude oil falls, reversing an early rally after a survey estimated higher OPEC output in November, while a stronger dollar weighed on demand for commodities priced in the currency.
Wind, Solar Power to Supply More Energy Than Shale, Goldman Says
Monday, November 30, 2015 New wind turbines and solar panels worldwide will provide more energy over the next five years than U.S. shale-oil production has over the past five, according to Goldman Sachs Group Inc.
Move Over, Millennials; iGen is Next Generation to Join the Workforce
Monday, November 30, 2015 Rigzone explores the values and workplace characteristics of iGen, the generation following millennials.
88 Energy Expects Icewine #1 Drilling to Remain in Budget Despite Delays
Friday, November 27, 2015 88 Energy Limited expects its drilling operations at the Icewine #1 exploration well, located onshore Alaska, to remain within budget despite delays related to equipment repair.
Made in the Marcellus Shale Play: Bill Emick, CEO - Appellation Pre-Fab
Thursday, November 26, 2015 Appellation Pre-Fab is a textbook case of how the Marcellus is breathing new like into private companies.
Nighthawk Energy: No Commercial Finds at Northstar 1-14 Well
Thursday, November 26, 2015 Nighthawk Energy plc announces that the Northstar 1-14 well is being plugged and abandoned after failing to encounter a commercial find.
The World's Millennial Energy Entrepreneurs
Thursday, November 26, 2015 Rigzone speaks with millennial energy entrepreneurs around the world about their companies, industry challenges and what motivates them to keep pushing forward.
Oil Steadies On US Rig Count Drop, Small Crude Build
Wednesday, November 25, 2015 Crude futures erase early losses to settle steady after a smaller-than-expected supply build in the United States.
Could Cuts in CAPEX Be the Catalyst For Growth in Oil Prices?
Wednesday, November 25, 2015 North American upstream companies continue to slash spending but demand growth could turn that around within the next 18 to 20 months.
Baker Hughes: US Oil Drillers Cut Rigs For 12th Week In Last 13
Wednesday, November 25, 2015 US energy firms cut oil rigs for a 12th week in the last 13, data for the holiday-shortened week showed, a sign drillers were still waiting for higher prices before returning to the well pad.
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.
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.
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".
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.
88 Energy Raises Funds Through Oversubscribed Share Placing
Friday, November 20, 2015 88 Energy Limited successfully raises $3 million through a "strongly oversubscribed" share placing.
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.
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.
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.
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.
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.
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.
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.
NGI, UT-Austin Sign Agreement on Geotechnical Engineering Cooperation
Thursday, November 19, 2015 NGI and UT aim to further research in geotechnical engineering with their new MoU.
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.
Energy Banking Group Scooped Up In Multi-Million Dollar Deal
Wednesday, November 18, 2015 Century old investment bank buys Houston-based energy specialists Simmons & Company International in $139 million deal.
API, ANGA Combine Forces
Wednesday, November 18, 2015 Following approval of both boards of directors, the American Petroleum Institute and America's Natural Gas Alliance announced the two organizations will combine into a single trade association.
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.
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.
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.
Market Conditions Prompt Statoil Exit from Chukchi Sea
Tuesday, November 17, 2015 Despite its decision to exit Chukchi Sea, Statoil still sees great potential for Alaska and the Arctic in general.
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.
Texas Official Raises Terror Alarm over Border Access to Pipelines
Tuesday, November 17, 2015 Tragic terrorists attacks in Paris highlight the need to secure the border to protect oil and gas infrastructure from potential ISIS attacks, state official tells feds.
Oil Prices Rise As Tensions Mount After Paris Attacks
Monday, November 16, 2015 Oil prices rise after strong losses last week, as Friday's deadly attacks in Paris raise geopolitical tensions.
Oil Producers Hungry for Deals Drool Over West Texas 'Tiramisu'
Monday, November 16, 2015 The worst oil market in decades would be hard to spot in West Texas, where two-lane county roads are still jammed with trucks and energy companies are on the prowl for deals.
Three More Oil, Gas Companies Cutting Jobs in Texas
Monday, November 16, 2015 Trelleborg Offshore, National Oilwell Varco and Cameron International are laying off a combined total of nearly 400 workers in Texas.
Changing Human Behavior Key to Thwarting Cybersecurity Attacks
Friday, November 13, 2015 Changing human behavior and not spending on the latest cybersecurity gadgets is key to detecting cybersecurity attacks.
Fulcher: Cybersecurity Ranks as Top Long-Term Threat to Statoil
Friday, November 13, 2015 Cyberattacks pose the biggest long-term threat to Statoil's assets, operations and personnel, a company official tells attendees at the API Cybersecurity Conference 2015.
88 Energy Recovers Lost Time at Icewine #1, Encounters Oil Shows
Friday, November 13, 2015 88 Energy announces that "substantial" lost time caused by equipment delays at the Icewine #1 exploration well, onshore Alaska, has already been recovered.
Linn Energy Exploring Debt Options To Weather Oil Collapse
Friday, November 13, 2015 Indebted Linn Energy LLC is exploring distressed restructuring options with Barclays as stubbornly low oil and natural gas prices test its ability to service $10 billion of debt after next year, according to sources with knowledge of the matter.
Caza Posts YOY Financial, Production Decreases, Cuts Costs
Friday, November 13, 2015 Following financial and production decreases in the third quarter of 2015, compared to the same period last year, Caza Oil & Gas announces that it is scaling back costs.
Crowdfunding Platform Officially Launches
Friday, November 13, 2015 EnergyFunders officially launches crowdfunding platform, which will allow accredited and non-accredited investors to directly fund oil and gas projects.
Nighthawk Energy: Happy Jack 7-10 Well Abandoned
Friday, November 13, 2015 Nighthawk Energy plc announces that the Happy Jack 7-10 well is being plugged and abandoned after no commercial finds were encountered.
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