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Oil Price Increase Appears Stable
Tuesday, May 03, 2016 An increase in oil prices is looking 'increasingly certain' says Colin Welsh, head of international energy investment banking at Simmons & Company International.

Five Jobs Set to Grow in Oil, Gas: Cybersecurity
Tuesday, May 03, 2016 After our first article on new employment opportunities being created by the upstream industry's increasing use of the Internet of Things and Big Data, this second article takes a look at cybersecurity.

Asian Offshore, Marine Firms Reinvent to Survive Downturn
Tuesday, May 03, 2016 Offshore and marine companies in Asia are venturing into non-traditional areas to mitigate the effects of shrinking business volume.

Pathways to Good-Paying Careers in the Downstream - At No Cost to You
Tuesday, May 03, 2016 Recipient of major downstream contracts Fluor trains recent grads and career changers at new US Gulf Coast craft training center.

How Can Feds Help Oil, Gas Industry? Stay Out Of It, Insiders Say
Monday, May 02, 2016 From industry consultants to business owners, US oil and gas leaders say a deluge of government regulation and intrusion makes the downturn more challenging.

Midstates Petroleum, Ultra File for Bankruptcy Amid Weak Oil Price
Monday, May 02, 2016 Midstates Petroleum and Ultra Petroleum file for Chapter 11 bankruptcy protection, joining several companies that have been unable to meet debt obligations after a steep decline in energy prices.

Graduate Recruitment Slows, but Still Present in Oil, Gas
Monday, May 02, 2016 Oil and gas companies adjust their graduate recruitment strategies to deal with the industry downturn.

Five Jobs Set to Grow in Oil, Gas
Monday, May 02, 2016 Rigzone takes a look at five potential areas of growth where employment could take off.

OTC 2016 Slideshow: Check Out Day One
Monday, May 02, 2016 Rigzone walks the floor of OTC 2016 and features the world's largest offshore gathering in pictures.

OTC 2016: BP Says Oil Price Not Lower Forever
Monday, May 02, 2016 The oil price will not stay lower forever, says BP's Upstream Chief Executive Bernard Looney.

GE Focuses on Digital Technology amid Downturn
Friday, April 29, 2016 GE Oil & Gas continues technology investment through downturn, with a focus on digital technology for offshore operations.

COLUMN: Technology is the Key to a Sustainable Oil, Gas Industry
Friday, April 29, 2016 Rigzone Editor-in-Chief Jon Mainwaring mulls the wisdom of Norway's energy leaders ahead of this year's Offshore Technology Conference in Houston.

Russian April Oil Output Edges Down To 10.86 Million Bpd
Friday, April 29, 2016 Russian oil production edged lower in April to 10.86 million barrels per day from a record 10.91 million in March.

BSEE Tests Technology for Oil Spill Exercise in Arctic
Thursday, April 28, 2016 BSEE tests technology to locate oil spills as it participates for first time in oil spill exercise run by US Navy.

Kemp: Rising Oil Prices Throw Lifeline to Shale Producers
Thursday, April 28, 2016 Brent prices for 2017 ended trading above $50 per barrel on Wednesday for the first time since mid-December following the largest and most sustained rally in prices since the oil slump started.

Weir Sees 70% Of North American Fracking Fleet Idle
Thursday, April 28, 2016 Oil equipment maker Weir Group reports a 47% fall in 1Q oil and gas orders and estimates that 70% of North America's fracking fleet is currently idle as low crude prices slow investment in the sector.

Oil's Magic Number Becomes $50 a Barrel for Promise of Recovery
Wednesday, April 27, 2016 BP, Nabors Industries and Pioneer Natural Resources all say that prices above $50 will encourage more drilling or provide the needed boost to cash flow.

Baker Hughes Expects US Rig Count To Stabilize Later In 2016
Wednesday, April 27, 2016 Baker Hughes expects US rig count to begin stabilizing in the second half of 2016, while the rig count globally will drop steadily through the end of the year due to fewer new projects.

KazMunaiGas EP Oil Output Flat In First Quarter
Wednesday, April 27, 2016 KazMunaiGas Exploration and Production produces 247,000 barrels of oil per day in 1Q 2016, almost unchanged on the year.

European Energy Giants Post Profits in 1Q 2016
Wednesday, April 27, 2016 Statoil and Total both post profits in 1Q 2016, despite continued low oil prices.

Global Oil Market Could Face 4.5M Bpd Shortfall by 2035
Wednesday, April 27, 2016 The global oil market could face a supply shortfall of 4.5 million barrels per day by 2035 if exploration success doesn't improve, according to a new study by Wood Mackenzie.

Lessons, Best Practices for Interns Searching in Oil, Gas
Tuesday, April 26, 2016 Former interns give advice and share best practices for getting the most out of your oil and gas internships.

China's CNPC Oil, Gas Output To Reach 300 MT Of Oil Equivalent By 2020
Tuesday, April 26, 2016 CNPC says its oil and gas output will reach 300 million tons of oil equivalent a year by 2020.

As Glut Persists, Saudis And Kuwait Struggle To Restart Khafji Oilfield
Tuesday, April 26, 2016 Kuwait and Saudi Arabia appear no closer to restarting their jointly operated Khafji oilfield, despite Kuwait saying the sides had agreed to ramp up output after an 18-month shutdown.

ExxonMobil Loses Top Credit Rating It Held Since Depression
Tuesday, April 26, 2016 Standard & Poor's strips ExxonMobil of its highest AAA measure of credit-worthiness, cutting it to AA+, the same as the US government.

Saudi Spot Oil Deal In China Seen By Citi A 'Dramatic' Shift
Tuesday, April 26, 2016 The world's biggest crude exporter, Saudi Arabia, breaks from its usual practice of selling via long-term contracts, according to Citigroup.

Less Than 5% Of Saudi Aramco To Be Sold
Monday, April 25, 2016 Saudi Arabia plans to sell less than 5% of its state oil company Saudi Aramco through an IPO, Deputy Crown Prince Mohammed bin Salman says.

COLUMN: UK's Abandonment of EU Could Have Dramatic Impact on Oil, Gas
Monday, April 25, 2016 The debate on whether the UK should leave the European Union reveals profound risk and potential reward for the oil and gas industry.

Total's Indonesian Unit sees 1Q Mahakam Gas Production at 1.7 Bcfpd
Monday, April 25, 2016 Total E&P Indonesie sees first quarter natural gas production from the Mahakam Block at 1.7 billion cubic feet per day, above its target of 1.5 Bcfpd for 2016.

Turkey Needs $110B In Energy Investment By 2023
Monday, April 25, 2016 Turkey will need to invest $110 billion in energy projects to help it meet its long-stated goal of becoming one of the world's top ten economies by 2023, President Tayyip Erdogan says.

Getting Energy M&A Done: Deal Terms Become As Dynamic As Markets
Friday, April 22, 2016 Companies look for creative ways to make M&A work in volatile price environment.

Oil Megaprojects Dreamed Up A Decade Ago Thrive Amid Price Slump
Friday, April 22, 2016 Oil production in some of the riskiest, highest-cost regions of North America is still thriving, even as the worst slump in a generation takes a bite out of US shale.

Industry Executive: Review Costs and Adopt Effective Measures
Friday, April 22, 2016 The time has come for the offshore industry to review costs in line with lower oil prices, according to an executive of V.Ships Offshore.

Oil Majors' $100 Hangover Hurts Profit as Cost Cuts Fall Short
Friday, April 22, 2016 The world's biggest oil companies, set to report their worst quarterly earnings in more than a decade, are finding their cost-cutting efforts haven't matched the decline in crude prices over the past two years.

Baker Hughes: US Oil Drillers Cut Rigs For 5th Week To Nov 2009 Lows
Friday, April 22, 2016 US energy firms cut oil rigs for a fifth week in a row to the lowest level since November 2009, Baker Hughes says.

IEA Chief Says Oil Market, Prices To Return To Balance By 2017
Thursday, April 21, 2016 IEA chief Fatih Birol says he expects the oil market to come back into balance from oversupply by next year, providing there is no major economic downturn.

OMV Increases Production in 1Q 2016
Thursday, April 21, 2016 OMV Aktiengesellschaft's hydrocarbon production in 1Q increases by 1% over the previous quarter to 312,000 barrels of oil equivalent per day.

Norway's Arctic A Bright Prospect In Crisis-Hit Oil Sector
Thursday, April 21, 2016 While the oil industry continues to cut jobs, projects and costs amid low crude prices, one region is making a surprise comeback after years of declining activity: the Norwegian Arctic.

M&A Effectiveness: The People Side of Things
Thursday, April 21, 2016 With so many moving parts to an M&A deal, Rigzone takes a deeper look at the people component.

'Lower For Longer' Environment Keeps Dealmakers on Sidelines of US Oil, Gas
Wednesday, April 20, 2016 Mergers and acquisitions activity steadies from the end of 2015 into the current year, but the dollar value of those transactions was down year-over-year.

Statoil Says to Cut Cost of Castberg Field by Another NOK 4B
Wednesday, April 20, 2016 Norwegian oil major Statoil plans to cut the estimated cost of developing its Arctic Johan Castberg oilfield by another $491.53 million, project director Erik Strand Tellefsen tells an energy conference.

PTTEP Tackles Industry Challenges, Prepares for Future with 3Rs
Wednesday, April 20, 2016 PTTEP employs a new approach to deal with challenges arising from the current industry downturn.

Statoil Looks To The Arctic To Increase Exploration Off Norway
Wednesday, April 20, 2016 Statoil is looking to a rebound in exploration activity offshore Norway in the next few years with a focus on the Arctic.

Venezuela Minister Warns Oil Prices May Collapse if Producers Don't Talk
Wednesday, April 20, 2016 Venezuelan Oil Minister Eulogio Del Pino warns that global oil stocks are nearly full and the oil price could collapse if producers did not resume talks about freezing output levels.

Investment in Iran's Oil, Gas Upstream to Come Slowly
Tuesday, April 19, 2016 Further growth in Iranian production volumes will be deterred by slow investment in Iran's upstream oil and gas industry.

Iran's Crude Output to Reach Pre-Sanctions Level by June
Tuesday, April 19, 2016 Iran's crude oil production will reach pre-sanctions levels within two months, according to a deputy oil minister.

Latam Oil Producers May Help Provide Rebalancing That Doha Could Not
Tuesday, April 19, 2016 Latin American crude producers under financial strain may help provide a vehicle for market rebalancing that OPEC members and other oil states failed to deliver at the Doha meeting.

Italy Drilling Referendum Fails to Draw Necessary Quorum
Monday, April 18, 2016 A referendum aimed at curbing Italy's offshore oil and gas industry was sunk on Sunday when it failed to secure the necessary quorum.

Doha Failure Exposes Hedge Funds That Were Betting on Oil Freeze
Monday, April 18, 2016 Money managers kept wagers on rising prices near a nine-month high in the days leading up to Doha meeting of oil producers.

US Oil Drillers Cut Rigs to November 2009 Lows
Friday, April 15, 2016 Baker Hughes says US energy firms cut oil rigs for a fourth week in a row to the lowest level since November 2009.

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