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Angola Becomes China's Biggest Oil Supplier in Sept
Monday, October 24, 2016 Angola unseats Russia as China's largest crude supplier.
Oil Prices Drop as Iraq Says Doesn't Want to Join OPEC Cut
Monday, October 24, 2016 Oil prices fall as Iraq says it wants an exemption from any deal by producer cartel OPEC to cut production to prop up the market and US drillers step up work.
Kemp: US Oil And Gas Producers Stir From Hibernation
Monday, October 24, 2016 US oil and gas drillers are reporting the biggest and most sustained upturn since oil prices began slumping in the middle of 2014.
Asia's Oil Markets Are Tightening As China Cuts Output, Fuel Stocks Dwindle
Friday, October 21, 2016 From sharp cuts to Chinese oil production to falling inventories of refined fuel products, signs are mounting that Asia's oil markets are slowly returning to balance.
Indonesia Considers Inpex Request To Boost Masela LNG Output Again
Friday, October 21, 2016 Indonesia expects to decide within "one or two weeks" on a plan by Inpex Corp to increase proposed output from the Masela natural gas field to nearly four times the level originally slated.
Schoeller-Bleckmann Says Oil Patch Bottom Reached, Sees Upturn
Friday, October 21, 2016 The chief executive of Schoeller-Bleckmann Oilfield Equipment said on Friday it was fair to say that a bottom has been reached in the oil industry, pointing to rising rig counts.
Chesapeake Energy Declares 'Propageddon' With Record Frack
Friday, October 21, 2016 The era of the monster frack has arrived in North America, and Chesapeake is singing its praises.
Baker Hughes: US Drillers Extend Rig Recovery With Oil Over $50/Bbl
Friday, October 21, 2016 The number of rigs drilling for oil in the United States this week rose by the most in two months.
Houston's Oil Industry Eyes Recovery, Job Creation
Friday, October 21, 2016 Though market fundamentals aren't ideal, Houston's oil and gas environment is at an inflection point as it inches toward $60 oil.
Gains From Higher Rig Count Limited For Halliburton, Schlumberger
Thursday, October 20, 2016 An increase in rigs being put back to work in US shale fields is largely being driven by smaller oil companies.
Mangala Field Hits 300 Million Barrels of Cumulative Production
Thursday, October 20, 2016 Cairn India Limited announced Thursday that the Mangala oil field in Rajasthan has achieved 300 million barrels of cumulative production.
Rosneft's Sechin Says Russia Has Potential To Raise Oil Output
Thursday, October 20, 2016 Russia has the potential to further increase oil output in the future by up to 200 million tons a year, or 4 million barrels per day, Rosneft's chief executive Igor Sechin says.
Bashneft Shareholder Says Received Assurances From Rosneft
Thursday, October 20, 2016 Russian oil major Rosneft agrees to uphold all its commitments to the Russian region of Bashkortostan after taking over mid-sized oil firm Bashneft.
Schlumberger Sees Improved Activity In N. America In 2017
Thursday, October 20, 2016 Schlumberger reports a better-than-expected quarterly profit and said it expected improved activity in onshore North American, Middle Eastern and Russian markets next year.
Singapore's Keppel Q3 Profit Falls 38% On Weak Rig Orders
Thursday, October 20, 2016 Singaporean conglomerate Keppel Corp posted a 38% fall in third-quarter profit, hurt by weak orders for its rigs due to a slump in oil prices.
Woodside: Oil, Gas Deal Environment Has Improved Over Past Year
Thursday, October 20, 2016 The environment for getting deals done in oil and gas is better now than it was a year ago says Woodside Petroleum's Chief Financial Officer Lawrie Tremaine.
World Bank Boosts 2017 Crude Oil Forecast To $55 Per Barrel
Thursday, October 20, 2016 The World Bank raises its crude oil price forecast for 2017 to $55 a barrel from $53.
Indonesia Sees 63 Uncommitted LNG Cargoes In 2017
Thursday, October 20, 2016 There are currently 63 uncommitted cargoes of liquefied natural gas (LNG) for 2017 delivery from Indonesia's Tangguh and Bontang projects.
Energy IPO Pace Picks Up
Thursday, October 20, 2016 With renewed apparent stability in commodity prices and investor appetite gaining strength, energy companies are looking toward the stock market for investment funds.
Exxon CEO Doesn't See Supply Shortage Pushing Up Oil Prices
Wednesday, October 19, 2016 ExxonMobil says ample production from US shale regions will keep prices subdued for years to come, disagreeing with others in the industry who have warned about a looming shortage.
Shale Drillers Are Going Long - Not Deep - in the Oil Patch
Wednesday, October 19, 2016 Explorers are drilling longer and longer wells, running thousands of feet sideways to tap as much of the crude-bearing rock as possible.
China September Crude Output In Second-Biggest Decline On Record
Wednesday, October 19, 2016 China's crude oil production fell 9.8% in September from a year earlier, marking the second-biggest year-on-year decline on record.
BLOG: US Sits on the Sidelines for Iran's Bid for Foreign Oil Funds
Wednesday, October 19, 2016 Iran opens up bidding with new terms on oil projects, but sanctions preclude US companies from participating.
DUCs Could Boost US Production by 250K Barrels Per Day
Wednesday, October 19, 2016 Steady oil and gas prices may spur operators into completing wells left idle during the downturn.
No Near-Term Recovery For Offshore Rig Market
Wednesday, October 19, 2016 The offshore rig market is currently in its worst slump since the mid-1980s, according to the October 2016 issue of RigOutlook.
BP Says Will Break Even With Oil At $55/Barrel In 2017
Tuesday, October 18, 2016 BP chief executive Bob Dudley expects oil to trade at $50-$60 a barrel next year, he said on Tuesday, adding that his company would break even at prices slightly below $55.
Iran is Open for the Oil Business - Sort Of
Tuesday, October 18, 2016 Hunger for Iran's cheap oil will lure some foreign companies, but questions remain on how much it will cost commodity prices.
Lukoil Considering Eurobond Within Weeks
Tuesday, October 18, 2016 Lukoil is considering launching its first international bond sale in more than 3 years in the coming weeks.
Norwegian Production Drops 18% Month-on-Month
Tuesday, October 18, 2016 Output from the Norwegian Continental Shelf in September decreases by 344,000 barrels per day, or approximately 18%, compared to figures in August.
Singapore's Ezra Seeks Consent To Amend Terms Of 2018 Notes
Tuesday, October 18, 2016 Singapore's Ezra Holdings Ltd is seeking bondholders' consent to amend the terms of $109 million worth of 2018 notes.
Executives: Deepwater Projects Survive Low Oil Price
Tuesday, October 18, 2016 The deepwater oil industry is not dead, even after the brutal drop in oil prices in recent years, executives say.
Norway's Oil Minister Says Demand For Oil Picking Up, Prices To Rise
Tuesday, October 18, 2016 The global demand for oil is rising and will probably continue to push prices higher, Norway's Oil and Energy Minister Tord Lien says.
Iran Aims For Oil, Gas Fields Tender In November
Monday, October 17, 2016 Iran will launch next month its first new style tender to develop oil and gas fields since the lifting of international sanctions.
Newfield CEO Sees Cautious Approach on Big Oklahoma Oil Find
Monday, October 17, 2016 Producers need more exploration time and a higher oil price before they can begin accelerating drilling in the Scoop and Stack oil formation, Lee Boothby says.
Even At $100 For Coal, Asia's LNG Industry Struggles To Compete
Monday, October 17, 2016 The LNG sector has watched with joy how thermal coal prices have soared this year, hoping that the unexpected spike would at last make LNG price competitive in Asia.
Increased Automation to Create New Roles in Oil, Gas
Friday, October 14, 2016 Increased automation in oil and gas will change the landscape of employment opportunities, but that doesn't necessarily mean workers will lose out.
Shell's Philippines Unit Prices Up To $404Million IPO At High End Of Range
Friday, October 14, 2016 The Philippine unit of Royal Dutch Shell plc is set to raise up to $404 million after pricing its IPO at the top end of its range.
OPINION: Infrastructure Moves Up on the Oil, Gas Priorities List
Thursday, October 13, 2016 Enabling infrastructure has a huge impact on oil and gas project viability, particularly in remote locations, says engineering firm exec.
DUCs Will Assist US Crude's Hot Production Run Through 2017
Thursday, October 13, 2016 An uptick in oil prices is unlikely to cut short a drilling rally, and DUCs can help maintain the momentum toward market balance.
COLUMN: How to Get Noticed by Young Recruiters
Thursday, October 13, 2016 A public relations blogger offers tips for seasoned pros in her industry. How well do they apply to oil and gas candidates?
EnQuest Launches Financial Restructuring
Thursday, October 13, 2016 The board of EnQuest plc launches a proposed financial restructuring, which it has agreed with key stakeholders following an extensive period of engagement and negotiation.
Abu Dhabi's TAQA To Price Weds Tap Of Existing 2021, 2026 Bonds
Wednesday, October 12, 2016 Abu Dhabi National Energy Company (TAQA) plans to tap on Wednesday the bond issue it completed in June to raise additional funds worth upwards of $500 million.
China Sets Gas Pipeline Investment Yield At 8%
Wednesday, October 12, 2016 China's National Development & Reform Commission (NDRC) will allow for a net 8% yield on investments in natural gas pipelines.
Digital Technology to Transform Oil, Gas Hiring Practices
Wednesday, October 12, 2016 Industry insiders discuss the skill sets that oil and gas companies will need as they move towards digitalization.
Investors May Be Betting Oil Glut Will End Soon, But Crude Traders Differ
Wednesday, October 12, 2016 Investors may have driven crude oil futures prices above $50 a barrel and amassed large bullish positions in expectations of further gains to come but their optimism isn't shared.
Interest in North Sea Decom Work Steps Up
Wednesday, October 12, 2016 The demand for North Sea decommissioning work is increasing, says Jee Ltd.'s Jonathan McGregor.
UAE Energy Min: OPEC Committed To Working With Others To Balance Market
Wednesday, October 12, 2016 The United Arab Emirates' energy minister says OPEC members were committed to working with other oil producers to balance the oil market.
US Shale Oil Output Seen Surging If Crude Reaches $60 a Barrel
Tuesday, October 11, 2016 Crude at $60 a barrel would probably trigger a strong increase in North American oil output, the head of the IEA says.
BP Boss Dudley Sees Oil Prices At $55-$70 For Rest Of The Decade
Tuesday, October 11, 2016 BP Chief Executive Robert Dudley expects global oil prices to stabilize at around $55-$70 per barrel for the rest of the decade.
IEA: Oil Market May Rebalance Faster If OPEC Sticks To Target
Tuesday, October 11, 2016 Global oil supply could fall in line with demand more quickly if OPEC and Russia agree to a steep enough cut in production, but it is unclear how rapidly this might happen.
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