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Australia's Santos To Focus On Long-Life Gas In Growth Push
Thursday, December 08, 2016 Australia's Santos Ltd will cut costs and put some assets up for sale in a turnaround strategy announced on Tuesday, aiming to reduce debt over the next 3 years and set itself up to grow as a gas producer.

Azerbaijan To Announce Oil Output Cut Proposals At Vienna Meeting
Thursday, December 08, 2016 Azerbaijan plans to announce concrete proposals for oil output cuts at a meeting of OPEC and non-OPEC countries in Vienna on Dec. 10, an energy ministry official told Reuters on Thursday.

Canada's Cenovus To Raise 2017 Capital Budget By 24%
Thursday, December 08, 2016 Canadian oil producer Cenovus Energy Inc said on Thursday it planned to increase its 2017 capital budget by about 24%.

Glencore, Qatar Buy $11 Billion Stake in Russian State Oil Giant
Thursday, December 08, 2016 Commodity trader Glencore and Qatar's sovereign wealth fund agreed to buy a $11 billion stake in Russia's largest oil producer from the state.

UKCS Oil, Gas Extraction Drops 10%
Thursday, December 08, 2016 Oil and gas extraction in the UKCS decreased by 10% year-on-year, and by 10.8% month-on-month, in October, according to the latest numbers from the Office for National Statistics (ONS).

Oil, Gas Supply Chain Leaders to Focus on De-Risking in 2017
Thursday, December 08, 2016 Oil and gas supply chain and procurement professionals recently discuss what priorities supply chain and procurement leaders should focus on in 2017.

OPITO: UK Energy Sector Apprenticeships Could Suffer
Thursday, December 08, 2016 OPITO has warned that apprenticeships in the energy sector could suffer after the Scottish Government announced it would not be ring-fencing funds allocated through a new UK-wide Apprenticeship Levy.

SapuraKencana: Short-Term Industry Outlook Uncertain
Thursday, December 08, 2016 The short-term industry outlook remains uncertain, although there are early indications that the oil price is heading towards a path of stability in the medium term, SapuraKencana says.

Plexus: More Cuts Expected
Thursday, December 08, 2016 Wellhead engineering firm Plexus Holdings plc warned Thursday that more cuts are expected to take place in the future, following a 20% reduction in personnel and infrastructure related overheads.

Innovation Here to Stay as Oil, Gas Industry Seeks Competitive Edge
Wednesday, December 07, 2016 Innovation will continue to play a role as oil and gas companies seek to maintain competitive edge.

OPEC Production Cut to Drive OFS Spending in Shale
Wednesday, December 07, 2016 Oilfield services spending for onshore shale will grow as a result of OPEC's production cut, but offshore suppliers will struggle in 2017.

OPEC Deal Will Go Ahead Even If Only Russia Commits
Wednesday, December 07, 2016 OPEC's deal to cut oil production will go ahead even if Russia becomes the only non-OPEC country to commit to reduce output at a meeting this week, Nigeria says.

Kremlin Says Putin Personally Agreed Oil Output Cuts
Wednesday, December 07, 2016 President Vladimir Putin personally agreed planned Russian oil output cuts based on a consensus he had reached with big oil firms about co-operating with OPEC, the Kremlin said on Wednesday.

Analysts: Production Ramp-Up at TEN Crucial for Tullow
Wednesday, December 07, 2016 Production ramp-up of the TEN field offshore Ghana is crucial for Tullow Oil plc to maintain continued bank support ahead of a final investment decision on a new project in Uganda, say analysts.

Shell Returns to Iran With Deal to Assess Oil and Gas Fields
Wednesday, December 07, 2016 Shell signs an agreement to assess three of Iran's largest oil and gas fields as it looks to boost output with the help of international companies.

BLOG: US Government Claim on Cybersecurity Shortage Doesn't Hold Up
Wednesday, December 07, 2016 The US government's claim that no shortage of cybersecurity professionals exists doesn't hold water.

Total Indonesia Unit Sees Lower Gas Output At Mahakam Block In 2017
Wednesday, December 07, 2016 Total E&P Indonesie, a unit of French oil major Total, said it expects gas output at its Mahakam block to be 1.43 billion cubic feet per day (bcfd) in 2017 against 1.64 bcfd this year.

Opinion: The Truth About The OPEC Deal
Tuesday, December 06, 2016 Mahdi Kazemzadeh of Middle East-focused advisory firm Afraz Advisers gives his take on the recently agreed OPEC deal.

Minister Plays Down Landowner Threats To PNG LNG Operations
Tuesday, December 06, 2016 Papua New Guinea's petroleum minister on Tuesday played down threats of disruptions to ExxonMobil's $19 billion PNG LNG project due to landowners being unable to buy a stake in the project by the end of this year.

Statoil CEO Sees Oil Market Rebalancing Sooner, Price Heading Towards $60
Tuesday, December 06, 2016 The balance between demand and supply in the oil market will shift earlier than previously expected due to OPEC's output cuts, Statoil's chief executive says.

Survey: Collaboration is Crucial for Future Success in North Sea
Monday, December 05, 2016 Collaboration is vital for the future success of the oil and gas industry in the North Sea, according to a survey from Oil & Gas UK and Deloitte.

Chevron to Submit Sarta Block Development Plan Soon
Monday, December 05, 2016 Chevron will shortly submit a development plan for the Sarta block in the Kurdistan Region of Iraq, according to Ian MacDonald, the company's vice president of exploration.

BLOG: Trump No 'Silver Bullet' for Oil, Gas Industry
Monday, December 05, 2016 A Houston Energy Breakfast panel highlights what the industry should look out for next year after Trump takes office.

Rigzone Survey: Millennials Want Training and Growth Opportunities
Monday, December 05, 2016 Millennials value solid training programs in their ideal oil and gas employers and the industry is tweaking its recruitment efforts to meet the needs of the millennial generation.

North Sea Jobs at Risk Without Greater Investment
Monday, December 05, 2016 More investment is needed if the oil and gas sector wants to avoid the risk of losing key workers in the North Sea, Scottish National Party MSP Gillian Martin said.

Kemp: After Two Years, Why An OPEC Deal Now?
Monday, December 05, 2016 OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed?

Jobs Report: US Mining Employment Unchanged in Nov.
Friday, December 02, 2016 Data from the Bureau of Labor Statistics finds that employment in oil and gas extraction remains relatively unchanged in November.

Survey: CEOs See Competitive Advantage in Technology, Not People
Friday, December 02, 2016 In a recent survey, CEOs said that technology, not people, would offer the greatest competitive advantage in the future.

Ahead Of Promised Cut, Russia's Oil Output Hits Record High
Friday, December 02, 2016 Russia plans to use its rercent oil production as its baseline when it cuts output under this week's deal with OPEC,Deputy Energy Minister Kirill Molodtsov says.

Analysts: OPEC Deal will see Brent Hit $72
Friday, December 02, 2016 The price of Brent crude oil will hit $58 per barrel in 2017 and $72 per barrel in 2018, according to forecasts from oil and gas analysts at investment bank Jefferies.

Decommissioning Spending May Skyrocket 540% to $210 Billion
Friday, December 02, 2016 With more than 600 projects expected during the next five years, decommissioning in the global offshore industry is heading for a perfect storm, says study author.

Azerbaijan Energy Minister: No Plan To Increase Oil Output In 2017
Thursday, December 01, 2016 Azerbaijan has no intention of increasing crude oil output in 2017, Energy Minister Natig Aliyev said on Thursday.

FAR Refutes Claims that it cannot Farm Into Djiffere Block
Thursday, December 01, 2016 FAR Limited refutes claims that it cannot exercise its option to farm into the Djiffere block offshore Senegal because of a lack of funds.

Net Oil Importer Indonesia Leaves Producer Club OPEC, Again
Thursday, December 01, 2016 Indonesia has suspended its membership of the Organization of Petroleum Exporting Countries (OPEC), less than a year after rejoining the cartel.

OPEC Crude Cut Could Push Oil to $75 Per Barrel in 2017
Thursday, December 01, 2016 OPEC agrees to slice its oil production by more than 1 million barrels per day beginning Jan. 1, raising market hopes and commodity prices.

Russia Says To Cut Oil Output From Nov-Dec Levels
Thursday, December 01, 2016 Russia will cut its oil output from November-December levels, Energy Minister Alexander Novak told reporters on Thursday.

Shale Production to Grow, Offshore Output to Decline from 2018
Thursday, December 01, 2016 Shale production is expected to grow significantly from 2018, with a yearly addition of 1 million barrels per day, while offshore output will see a decline from the same year, according to Rystad Energy.

BLOG: OPEC Struck A Deal - Now Comes the Hard Part
Thursday, December 01, 2016 Tucked inside the jubilant reaction to OPEC's agreement to cut production, skepticism exists over whether member nations will cheat to hit their marks.

Outlook: Oil, Gas Bankruptcy Fears to Linger Through 2017
Wednesday, November 30, 2016 Despite a recent flurry of upstream companies emerging from bankruptcy, more filings are expected well into 2017, pushing the fallout from the downturn into a third year.

Centrica: Oda Field to see $634M Investment, Will Create 5,500 Jobs
Wednesday, November 30, 2016 Centrica plc, along with its license partners, has pledged to invest $634 million for the development to the Oda field, which it says will generate thousands of jobs over its lifetime.

Saudis Say To Take Big Hit On Oil Output For OPEC Deal, Iran Can Freeze
Wednesday, November 30, 2016 Saudi Energy Minister Khalid al-Falih says OPEC is close to clinching a deal to limit oil output.

OPEC to Cut Crude Production by 1 MMbpd in January
Wednesday, November 30, 2016 In highly anticipated Vienna meeting, OPEC decides to cut crude oil production by 1 million barrels per day beginning Jan. 1.

Oil Firms Unlikely To Boost Norway Exploration In 2017
Wednesday, November 30, 2016 Oil companies operating on Norway's continental shelf are unlikely to increase their overall exploration activity in 2017, a key regulator of the industry said on Wednesday.

Outlook: Sidelined Capital Gains Confidence to Fuel 2017 M&A
Tuesday, November 29, 2016 Buyers weighing the odds decide to open their wallets based on notion seller prices will never be better for certain oil-producing assets.

Environmental Report on UK Oil, Gas Industry Shows Positive Trends
Tuesday, November 29, 2016 Discharges to sea and emissions to the air by the UK's oil and gas industry have been on an overall downward trend over the last 15 years, according to industry body Oil & Gas UK's Environment Report 2016.

Iran, Iraq At Loggerheads With Saudis Ahead Of OPEC Meeting
Tuesday, November 29, 2016 Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a global output-limiting deal.

Job Losses Continue but Crisis Could be Reaching 'Turning Point'
Tuesday, November 29, 2016 Job losses have continued to be prevalent in the oil and gas industry this year, and there are further cuts to come, but the crisis could be reaching a turning point.

Kemp: Saudi Arabia Carries On Drilling Despite Oil Slump
Tuesday, November 29, 2016 Saudi Arabia is one of the very few countries which has increased its drilling for new oil and gas wells since prices began to slump in the middle of 2014.

The RZ Interview: Outlook for Oil, Gas for 2017 Expects Hiring Challenges
Monday, November 28, 2016 Following more than two years of an economic downturn that's roiled oil and gas markets, experts are cautiously optimistic the industry is finally prepared to turn a corner in 2017.

Military Veterans Bring Valued Mindset, Skillset to Oil, Gas Industry
Monday, November 28, 2016 Ideal Employer Survey: Training in the US military prepares workers for grueling schedules, diverse cultures and the urgency of mission control.

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