News Topics: Analysis & Trends
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Cybersecurity A Growing Safety Issue for Oil, Gas Industrial Plants
Friday, April 24, 2015 Cybersecurity is increasingly being thought of as a safety issue for oil and gas industry industrial plants, Honeywell officials tell Rigzone.
Drone Alone: Unmanned Aircraft in Oil, Gas Inspection
Friday, April 24, 2015 Rigzone looks at how drones are being used to replace human beings for upstream oil and gas inspection work.
US Shale Fracklog Triples As Drillers Keep Oil From Market
Thursday, April 23, 2015 Drillers in oil and gas fields from Texas to Pennsylvania have yet to turn on the spigots at 4,731 wells they've drilled, keeping 322,000 barrels a day underground, a Bloomberg Intelligence analysis shows.
Kinder Morgan CEO: Effective Communication Still Needed in Industry
Thursday, April 23, 2015 Kinder Morgan's CEO Richard Kinder shares with IHS CERAWeek attendees that permits are slowing necessary pipeline projects and the energy industry needs to improve its communication efforts.
Musings: Oil Patch Unemployment Is Challenge For Industry's Future
Thursday, April 23, 2015 Oil patch layoffs continue to grow, and the shale oil states represent the epicenter. G. Allen Brooks takes a look at the latest oil industry unemployment statistics.
Ex-BP Chief Sees Oil Bull Market Sooner than Many Expect
Wednesday, April 22, 2015 Former BP CEO Tony Hayward says low crude prices will trigger consolidation in the oil industry but a new bull market might arrive sooner than expected.
Petroleum Companies Need to Focus on Reducing Industry Cost
Wednesday, April 22, 2015 Companies need to reduce petroleum industry cost to bring offshore hydrocarbons into production economically, speakers at a conference in Singapore say.
Iraq's 2015 Oil Output Seen Flat, Next Year A Challenge
Wednesday, April 22, 2015 A boost in Iraq's crude production next year will prove to be even more challenging if oil prices remain low and Baghdad fails to repay companies or approve field development plans.
Big Oil's Latest Fear: A Price Shock After $114 Billion of Cuts
Wednesday, April 22, 2015 As the oil patch grows accustomed to a new world of $50 to $60 crude, it's now looking ahead to a different but equally daunting sort of cliff.
M&A Likely to Heat Up in Second Half
Wednesday, April 22, 2015 Bankers and analysts during a panel at IHS CERAWeek opined on the relatively slow state of mergers and acquisitions; most expect it to pick up this fall.
IHS CERAWeek: Eni CEO Says Mozambique Gas 'Competitive' Due To Low Costs
Wednesday, April 22, 2015 Low natural gas extraction costs in Mozambique will allow Eni to produce LNG from the country that is very competitive, Chief Executive Officer Claudio Descalzi says.
IHS CERAWeek: Statoil Won't Add North American Drilling Rigs This Year
Wednesday, April 22, 2015 Statoil has no plans to add North American drilling rigs this year, an executive tells Reuters.
IHS CERAWeek: US Fracking Costs Falling Fast, May Keep Fields In Play
Wednesday, April 22, 2015 US oil and natural gas companies have pushed down costs of fracking a shale well faster than expected, and if the trend holds up it could allow producers to keep working in oilfields.
Baker Hughes Expects Falling Rig Count To Weigh On 2Q
Tuesday, April 21, 2015 Baker Hughes says it expects "unfavorable market conditions" to persist in the second quarter as drillers turn off more rigs, intensifying a glut in oilfield services.
Offshore Upstream Activities Taking Shape in Myanmar, Slowly
Tuesday, April 21, 2015 Myanmar is close to signing all 20 production sharing contracts offered under the Offshore Bidding Round - 2013, paving the way for companies to commence exploration activities.
Statoil CEO: Cost, Carbon Emissions 'Formidable Challenges' for Industry
Tuesday, April 21, 2015 The industry faces challenges in improving its competitiveness while managing the transition to a lower carbon future, Statoil President and CEO Eldar Saetre tells IHS CERAWeek attendees.
'Ducks' and Oil: No Need to Fear US Crude Supply Deluge
Monday, April 20, 2015 A tax break in North Dakota will not unleash a new wave of shale crude supply, producers say.
IHS CERAWeek: Sustaining Innovation during Oil, Gas Downturn
Monday, April 20, 2015 Industry experts utilize the current downturn as a time to be bold and strategic in maintaining innovation.
IHS CERAWeek: Evoking Iran, US Senator Pushes For Oil Exports
Monday, April 20, 2015 Senator Lisa Murkowski says she will introduce legislation this year to allow US crude exports, saying the Obama admin. should not dare lift sanctions on Iran before scrapping the US crude export ban.
Shale as World's Swing Producer Signals 'Jagged' Future for Oil
Monday, April 20, 2015 With OPEC ceding control for the first time since the 1980s, US shale oil has been anointed the world's new "swing producer".
Tackling the Skills Shortage Challenge in the Oil, Gas Industry
Friday, April 17, 2015 Industry experts weigh in on the continuing challenge of finding skilled workers to hire in the oil and gas industry.
EIA Projects Continued Volatility In Oil Prices
Friday, April 17, 2015 Volatility in crude oil prices will continue reaching a projected high of $252 per barrel for Brent crude oil in 2040, according to a long-term forecast released by the EIA April 14.
Australian Junior Looks to Build a Titan in Face of Downturn
Thursday, April 16, 2015 At a time when capital is scarce Australia's Titan Energy has secured an enviable position for a junior oil and gas company following a major funding deal to advance exploration prospects in Texas.
For Petrobras CEO, It's One Problem Down and Many More to Come
Thursday, April 16, 2015 Petrobras' new chief executive officer is close to overcoming his first major hurdle: getting auditors to approve financial results.
Kemp: Iran's Tantalizing Oil Prize
Wednesday, April 15, 2015 Iran contains some of the largest and most attractive petroleum resources in the world, so any easing of sanctions could have a major impact on oil and gas markets in the second half of the decade.
Survey: Doubts that New Tax Initiatives Will Drive North Sea Exploration
Wednesday, April 15, 2015 A Rigzone survey finds a lack of confidence among oil and gas professionals that new UK tax initiatives will stimulate investment in North Sea exploration.
Kemp: US Shale Boom Nears Turning Point
Tuesday, April 14, 2015 Oil production from major US shale plays will decline by almost 60,000 barrels per day between April and May.
Ezra CEO: EMAS AMC Order Backlog Will Hold on Subsea Tie-Back Demand
Monday, April 13, 2015 Ezra's CEO is upbeat about prospects for its unit EMAS AMC as demand for subsea tie-back remains strong.
Use of Big Data is Necessary to Recruit Millennials in Oil, Gas
Friday, April 10, 2015 HR Professional Kris Cooper reveals research detailing why Big Data is necessary to recruit millennials in the workforce.
Middle East State Spending Throws Lifeline To Oilfield Services
Friday, April 10, 2015 Oil majors may have slashed capital spending but NOCs in the Middle East and North Africa show no sign of cutting investment, buoying oilfield services that the stock market has beaten down.
Exillon Sees Decline in Production during March
Friday, April 10, 2015 Russia-focused junior oil producer Exillion Energy reports a fall in its average production.
Shell Needs to Go Beyond Oil Price Bet in BG Deal
Friday, April 10, 2015 The 50-percent premium Shell is paying for BG Group says a lot about Shell's expectations for a swift recovery in oil prices.
US Oil Rig Slide Picks Up Again After False Bottom
Friday, April 10, 2015 The fall in US rigs drilling for oil quickened this week, data shows, suggesting that a recent slowdown was temporary.
Drillers' $26B Oil-Hedge Gain Spreads Price-Drop Pain
Thursday, April 09, 2015 For US shale drillers, the crash in oil prices came with a $26 billion safety net.
Southern England 'Brimming' with Onshore Oil
Thursday, April 09, 2015 Analysis by petrophysical firm Nutech of a well in southern England suggests the region could be brimming with onshore oil.
First Quarter 2015 Oil, Gas M&A Tumbles to $7.1B in E&P Sector
Thursday, April 09, 2015 The value of global upstream oil and gas M&A deals tumbled to $7.1 billion during 1Q 2015, a drop of 79% compared to the value in 1Q 2014.
Kemp: US Oil Production Is Probably Peaking Right Now
Wednesday, April 08, 2015 US crude production will peak this month, according to revised forecasts published by the country's EIA.
Iran Oil Officials in Beijing to Discuss Oil Supplies, Projects
Tuesday, April 07, 2015 An Iranian delegation is in Beijing this week to push for more oil sales and discuss Chinese oil and gas investments in Iran, just days after Tehran and world powers reached a framework nuclear deal, Iranian oil officials says.
2015 ONS Norway Show Cancelled
Tuesday, April 07, 2015 Norway's biggest oil and gas exhibition is cancelled amid 'low oil prices, low activity and great uncertainty in the industry'.
Douglas-Westwood: US Shale Gears Up for Price Recovery
Monday, April 06, 2015 Following the shale revolution, the US onshore market is widely being touted as the industry's new "swing" producer.
Mega Gas Projects to Boost Indonesia E&P on Regulatory Overhaul
Friday, April 03, 2015 BMI Research sees supportive regulations as necessary to develop two mega gas projects that could stem the decline in Indonesian petroleum production.
Utah: Home of the Next Oil Sands Breakthrough?
Friday, April 03, 2015 Utah company wants to broaden your idea of where oil sands development takes place.
Hess is Mirroring Toyota Manufacturing Process to Slash Well Costs
Thursday, April 02, 2015 Hess turns to a manufacturing process developed by automaker Toyota Motor to cut costs and boost production as crude oil prices lag.
Exxon CEO Talks Arctic Oil Drilling, Risks, Lessons
Thursday, April 02, 2015 ExxonMobil CEO Rex Tillerson talks about why he thinks Arctic exploration is worth the risk.
Russian Oil Output In March Hits New Post-Soviet High
Thursday, April 02, 2015 Russia's oil output increased .6% in March to a post-soviet high of 10.7 million barrels per day on greater production at Gazprom and Rosneft.
Dutch Offshore Supply Firms Expect 'Difficult' 2015
Wednesday, April 01, 2015 Netherlands-based suppliers to the offshore oil and gas industry are starting to feel the effect of a downturn in the sector caused by the lower oil price.
The Oil, Gas Guide to Networking: How To Connect and Communicate
Wednesday, April 01, 2015 Rigzone speaks with Katie Mehnert, a self-proclaimed "people engineer", who offers tips on effective connecting and communicating when networking in oil and gas.
Whiting CEO Says Can Still Grow At Current Oil Prices
Wednesday, April 01, 2015 Whiting can remain profitable and increase production even at current crude prices, Chief Executive Jim Volker says.
Bank Of Montreal CEO Sees M&A Upside From Oil Price Slump
Tuesday, March 31, 2015 Battered oil prices are expected to spur mergers and acquisitions in the energy sector and drive advisory fees for the Bank of Montreal, Chief Executive William Downe says.
The Oil, Gas Guide to Networking: Young Professionals
Tuesday, March 31, 2015 Rigzone speaks with Matt Gelotti, director of Young Professionals in Energy - Houston Chapter, who offers advice to young professionals networking in oil and gas.
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