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Oil Supermajors Dig Out of Doldrums as Cash Poised to Surge
Wednesday, April 26, 2017 Big Oil's struggle against crude's collapse is starting to ease, giving some companies enough cash to pay shareholders without piling on more debt.
Oil Tankers to Cruise Ships Fueled by LNG Offer Hope on Glut
Wednesday, April 26, 2017 The number of LNG-fueled ships will more than double to 200 by 2020 from 77 last year and just five in 2005, according to London-based Energy Aspects.
Tullow Says Promoting CEO To Chairman Best For Company
Wednesday, April 26, 2017 Tullow proposes to appoint its outgoing CEO as chairman.
CEO: Another Year of Activity Decline in 2017
Tuesday, April 25, 2017 Another year of decline in oil and gas activity is expected in 2017, according to Amec Foster Wheeler's CEO Jonathan Lewis.
Feasibility Study for Rosneft/Exxon Russia LNG Plant Seen by Mid-2017-Ifax
Tuesday, April 25, 2017 A feasibility study for an LNG plant in Sakhalin, designed by Russia's Rosneft and USA's ExxonMobil, should be ready by the middle of 2017, Interfax reported on Tuesday, citing Rosneft materials.
Feasibility Study For Rosneft/Exxon Russia LNG Plant Seen By Mid-2017
Tuesday, April 25, 2017 A feasibility study for a liquefied natural gas plant in Sakhalin, designed by Russia's Rosneft and USA's ExxonMobil, should be ready by the middle of 2017.
Undiscovered Oil, Gas Resources in Barents Sea Double
Tuesday, April 25, 2017 The undiscovered oil and gas resources in the Barents Sea are twice as large as previously assumed, according to the Norwegian Petroleum Directorate's new calculations.
BLOG: Previous Unite Strike Reps Can Inspire Workers in Current Dispute
Tuesday, April 25, 2017 Unite spokesperson says recent North Sea strike can inspire other offshore workers.
Scottish Students Make ROV Competition Final after Winning Regionals
Monday, April 24, 2017 Pupils from Keith Grammar School win a regional heat in Scotland for an annual competition which sees students design, build and test underwater robots.
Petronas Awards 'Key' Offshore Contract
Monday, April 24, 2017 Petronas Carigali Sdn Bhd (PCSB), a subsidiary of Petronas, awards a "key contract" to Perbadanan Urusan Kejuruteraan dan Limbungan Brooke.
Bulgaria May Seek More Time To Reply To Gazprom Concessions
Monday, April 24, 2017 Bulgaria may need more time to respond to concessions proposed by Russian gas giant Gazprom in an EU antitrust case, its energy minister says.
Norway's Statoil Plays Down Risks Ahead Of Arctic Drilling
Monday, April 24, 2017 Statoil plays down concerns that drilling in the Arctic is risky, days before it kickstarts its drilling campaign in the Barents Sea.
Israel's Delek Says Ithaca Shareholders Approve Takeover Bid
Friday, April 21, 2017 Israel's Delek Group says its offer to take over North Sea oil producer Ithaca Energy has been accepted by Ithaca's shareholders.
Aker Owner Roekke Says Aker Solutions, Kvaerner May Do M&A In 2017
Friday, April 21, 2017 Norwegian billionaire investor Kjell Inge Roekke aims to change the ownership of one of more of his companies in the oil services industry this year.
Oil Contractor Saipem Turns To Wind To Help Counter Downturn
Friday, April 21, 2017 Italy's Saipem is working to expand new lines of business including wind farms to help it cope with a slump in order books among oil services groups.
Russian Energy Min Says Oil Market Situation Improving, Surplus Shrinking
Friday, April 21, 2017 Russian Energy Minister Alexander Novak says the oil market is improving with production cuts by OPEC and non-OPEC members.
Statoil Receives Consent to Drill Well in Barents Sea
Friday, April 21, 2017 Statoil ASA receives consent to drill an exploration well in block 7219 in the Barents Sea, Petroleum Safety Authority Norway has announced.
OGA Urging Industry to Increase Pace of Collaboration
Friday, April 21, 2017 The UK Oil and Gas Authority (OGA) is urging the industry to increase the pace at which licensees develop a culture of collaboration both internally and externally.
Total to Invest in UK College Students
Friday, April 21, 2017 Total will help college students at Heriot-Watt University by investing a minimum of $3.2 million (GBP 2.5 million) in the organization over the next 5 years.
EM&I Launching Major Expansion Program, Will Create Jobs
Thursday, April 20, 2017 Oilfield services firm EM&I is launching a 'major expansion program', which will see the company create a host of new jobs, EM&I CEO Danny Constantinis reveals.
Contest Launched Among Street Art Painters for Yamal LNG Tank Design
Thursday, April 20, 2017 JSC Yamal LNG is holding a contest among street art painters and artists to determine a winning design for the Yamal LNG tanks, situated above the Arctic Circle in the Yamal Peninsula.
Energy Tycoon Leonid Mikhelson Tops Russia's Rich List
Thursday, April 20, 2017 Leonid Mikhelson, co-owner of Russian gas producer Novatek, has topped Russia's rich list for a second year running.
Bilfinger Secures Over 200 Jobs with BP Contract
Thursday, April 20, 2017 Bilfinger has agreed a new 5-year contract with BP plc to provide maintenance services at 2 of its largest midstream oil and gas terminals in Scotland, securing 210 jobs.
Russia Agrees On Preliminary Basis To Extend Oil Output Cuts Beyond June
Thursday, April 20, 2017 Russia agrees, on a preliminary basis, to extend beyond June the agreement among global oil producers to cut output, Kuwait's oil minister Essam al-Marzouq told reporters.
Threat of UKCS Strike Action Increases
Thursday, April 20, 2017 Strike action within the UKCS is looming. Should they choose to strike, UKCS workers don't have the support of Rigzone readers.
Wind Powered Oil Recovery Project Completes First Phase
Wednesday, April 19, 2017 A wind powered oil recovery project, led by DNV GL, completes its first phase and moves into phase 2.
British Keen To Remain In EU Energy Market
Wednesday, April 19, 2017 Britain should continue to participate in the European Union's energy market when it leaves the 28-nation bloc, energy minister Greg Clark tells a parliamentary committee.
Short-Term Market Rebalance to 'Proceed Smoothly', If OPEC Adheres to Cuts
Wednesday, April 19, 2017 If OPEC continues to adhere to the output cut deal then the short-term market rebalancing process is expected to proceed relatively smoothly over the coming months, McKinsey Energy Insights says.
BEIS Committee Chair to Step Down
Wednesday, April 19, 2017 The Chair of the Business, Energy and Industrial Strategy Select Committee, Iain Wright, announces that he will be standing down.
UK General Election Could Have 'Huge Implications' For Energy Firms
Wednesday, April 19, 2017 The surprise general election called by UK Prime Minister Theresa May could have huge implications for UK and European energy firms, according to Airswift Senior VP Ford Garrard.
Eni Shuts Down Oil Center At Major Italy Field After Local Order
Tuesday, April 18, 2017 Eni says it decided to temporarily shut down a treatment plant serving its biggest domestic oil field in southern Italy to meet a local order.
Dutch To Cut Gas Output To Reduce Earthquake Risk
Tuesday, April 18, 2017 The Netherlands will reduce production of its Groningen gas field by 10% from October to limit the risk of earthquakes.
Transneft Says 2Q Oil Supplies To Belarus Revised Down To 5 Million Tonnes
Friday, April 14, 2017 Russia will supply 5 million tonnes of oil to Belarus in the second quarter, down from the 6 million tonnes seen previously, Russian oil pipeline monopoly Transneft says.
IEA Says Global Oil Market Nears Balance Even As Stocks Rise
Thursday, April 13, 2017 Global demand for oil is finally close to outstripping supply after nearly three years of surplus production, despite growth in the overhang of unused crude, the IEA says.
UK Post-Brexit Economy Needs Energy Market That's a Mess
Thursday, April 13, 2017 Relying on natural gas to fuel Europe's second-largest economy was never going to be easy for the UK, even before Brexit.
Shell Employs 92,000 Workers During 2016, Hires 800 Graduates
Wednesday, April 12, 2017 Royal Dutch Shell employed an average of 92,000 workers in more than 70 countries during 2016, the company revealed in its 2016 sustainability report.
BLOG: Brent Crude Value to Continue Rising in 2017
Tuesday, April 11, 2017 Rigzone readers outline where they think the Brent price will be by the end of 2017.
OMV's Q1 Refining Margin Falls Q/Q To $5.42/Bbl
Tuesday, April 11, 2017 OMV's refining margin fell to $5.42 per barrel in the first quarter.
EM&I Secures Seadrill MSA, Boosts Employment Opportunities Internationally
Tuesday, April 11, 2017 Oilfield services firm EM&I wins a Master Services Agreement (MSA) with Seadrill, which will help secure jobs in the UK and increase job opportunities in EM&I's African operations.
Bilfinger Salamis Secures Multimillion Dollar Contract, Creates 30 Jobs
Tuesday, April 11, 2017 Oilfield services company Bilfinger Salamis UK secures a multimillion dollar contract with Nederlandse Aardolie Maatschappij B.V (NAM) and Shell UK, which will create over 30 jobs.
Analysts: Oil, Gas Prices to Recover in 2017
Tuesday, April 11, 2017 Oil and natural gas prices will recover this year, according to energy analysts from GMP FirstEnergy.
Global LNG Market to Double by 2035
Tuesday, April 11, 2017 The global energy market will have doubled by 2035, says Paul McConnell, Wood Mackenzie research director for global trends.
Wood Group's Stavanger Workforce to Carry Out Snorre FEED Contract
Tuesday, April 11, 2017 Wood Group's workforce in Stavanger, Norway, will work on the subsea flowline system of the Snorre Expansion Project in the Norwegian North Sea.
Russia's Novatek Says 1Q Gas Output Down 8.8% YOY
Monday, April 10, 2017 Novatek says its natural gas output declined by 8.8% in the first quarter of the year compared to the same period in 2016.
Energy Minister: Brexit Will 'Negatively Impact' North Sea Oil Sector
Monday, April 10, 2017 Brexit will 'negatively impact' the ability of the North Sea's oil and gas sector to fulfil the vision set out for the UKCS by its industry regulator, Scottish Energy Minister Paul Wheelhouse says.
BP Employs 74,500 People in 2016, Produces 3.3MM Boepd
Monday, April 10, 2017 BP plc employed 74,500 people in 72 different countries in 2016, all of whom helped the company produce 3.3 million barrels of oil equivalent per day, according to a BP statement.
Total Signs New Deal With Algeria's Sonatrach And Settles Earlier Disputes
Monday, April 10, 2017 Sonatrach and Total sign a new deal to strengthen their existing partnership and have agreed to settle earlier disputes.
OPITO Looks To Digitize Safety Training to Remain Relevant
Monday, April 10, 2017 Workforce development organization OPITO is spearheading a project to transform the way oil and gas workers around the world undertake safety-critical emergency response training.
Aker Completes Reinertsen Purchase, Will 'Help Secure Jobs'
Friday, April 07, 2017 Aker Solutions completes the acquisition of oil-services provider Reinertsen, which will help secure jobs in central Norway in the long term, according to Reinertsen Deputy CEO Thomas Reinertsen.
Oilfield Services Firm Hunting CEO To Retire This Year
Friday, April 07, 2017 Oilfield services company Hunting Plc says its chief executive Dennis Proctor will retire later this year after a successor has been appointed.
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