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US Oil Production On Brink, Say Oil Execs
Tuesday, October 06, 2015 US oil production will start to decline soon unless oil prices rise substantially, oil executives say, adding lower production could pave the way for a spike in the market in future if fuel demand increases.

Q&A: Why CEB Resources is Focusing on Indonesia
Monday, October 05, 2015 Rigzone talks to newly appointed CEB Resources CEO David Whitby, who explains the company's recent shift in focus to the Indonesian oil and gas sector.

Moody's: Alaska To Be Hit By Shell's Decision To Halt Oil Exploration
Monday, October 05, 2015 Shell's decision last week to walk away from its $7 billion drilling effort in the Alaska Arctic could have a negative impact on the state's already struggling economy, according to Moody's.

As China Gas Boom Falters, State Giants Grapple with Wave of Imports
Friday, October 02, 2015 China's energy giants are being forced to sell a glut of the fuel to buyers in other countries as soaring demand grinds to a halt.

Oil Drillers Bet Choking Wells Will Keep Shale From Going Bust
Friday, October 02, 2015 Encana and others envision a future with a more stable flow from wells, so that they don't always have to keep drilling simply to maintain output.

Jim Rogers Says Oil Ignoring Bad News Usually Means Rebound Near
Friday, October 02, 2015 Oil is holding near $45 while the bad news keeps coming. For investor Jim Rogers, that's usually a sign a rebound is near.

Deloitte: UK Oil, Gas Firms Not Maximizing UKCS Value
Friday, October 02, 2015 UK oil and gas firms are not maximizing the potential value from the UK Continental Shelf due to a lack of effective supply chain collaboration, according to a survey from Deloitte LLP.

Iraq's September Oil Exports Slip to 3.052M BPD
Thursday, October 01, 2015 Iraq's oil exports fell in September to an average of 3.05 million barrels per day from 3.08 million bpd the previous month.

Gulf Keystone Says Reserves More Than Double at Shaikan Oilfield
Thursday, October 01, 2015 Gulf Keystone says an independent report found that the reserves at a key oilfield in Iraqi Kurdistan were more than double the previous estimate.

How Israel Turned A Gas Bonanza Into An Antitrust Headache
Thursday, October 01, 2015 Five years later, poor policymaking, political infighting and a battle between PM Netanyahu and the antitrust commissioner over a lack of competition mean Leviathan remains undeveloped.

Compensation Survey Finds Midstream Remains a Good Place to Be
Thursday, October 01, 2015 Most midstream firms surveyed continue to take steps to retain managers and employees.

Recent Crash in O&G Projects Not Surprising, Industry Expert Says
Thursday, October 01, 2015 Warning signs were apparent that oil and gas project costs were escalating, but industry failed to take action, says an industry expert at the SPE ATCE 2015 conference.

Range Warns of Further Streamlining
Wednesday, September 30, 2015 Range Resources reveals that it will continue to reduce its general and administrative costs and streamline its operations in the near future.

Industry Needs Better Understanding of Cost-Cutting Consequences
Wednesday, September 30, 2015 The oil and gas industry needs to measure and understand the long-term consequences of cost-cutting, industry officials said at the SPE ATCE 2015 Conference.

Man-Camp Exodus Spurs Real-Estate Crisis Across US Shale Towns
Tuesday, September 29, 2015 After struggling to house thousands during the boom, North Dakota faces a new real-estate crisis: the frenzied drilling hasn't lasted long enough to support the oil-fueled building explosion.

Rescue Funding Could Fall Flat For Companies Needing A Life Vest
Tuesday, September 29, 2015 As smaller, mid-cap companies have grown to depend on second liens and more expensive credit, the asking price for their assets may turn off the private equity spigot.

Hedge Funds Primed for Oil Rebound With Increase in Bullish Bets
Monday, September 28, 2015 The momentum behind wagers on rising oil prices picked up steam as US drilling slows and producers face potential credit line cuts.

Eni's Winning Gas Streak Leaves Competition Chafing
Friday, September 25, 2015 Eni's giant Zohr gas find in Egypt this month, a gamble taken under the noses of competitors, marks the Italian major's rapid rise to preeminence in the hunt for big new fields.

Oil, Bonds Go Their Separate Ways
Friday, September 25, 2015 The rebound in oil prices has not been enough to stop the bleeding at many US energy companies, whose bonds keep weakening - and whose ability to muster fresh capital is dwindling away.

Angola: Potential Production Table-Topper?
Friday, September 25, 2015 With Angola's latest onshore licensing round recently sparking back into life after multiple delays, Rigzone takes a closer look at the intricacies of the project, outlining what the new round could mean.

NOV's David Reid Talks Survival at Oil, Gas Conference
Thursday, September 24, 2015 David Reid of National Oilwell Varco discusses how oil and gas companies can survive and thrive during the downturn.

Oil Rises as Dollar Drop Bolsters Commodity Appeal as Investment
Thursday, September 24, 2015 Oil climbs from its lowest level in more than a week as the dollar drops, bolstering demand for commodities as an investment.

Oil Companies in Europe Seek Creative Funding as Lenders Retreat
Thursday, September 24, 2015 Oil services companies in Europe are finding alternative ways to raise cash and repay debt after falling crude prices made it difficult for them to get funding from traditional sources.

LoSal: BP's Low-Salinity Enhanced Oil Recovery Technology
Thursday, September 24, 2015 Rigzone takes a closer look at BP's LoSal enhanced oil recovery technology that is being used on the Clair Ridge development in the UK zone of the North Sea.

Oil Market Doldrums Seen Delaying Sanctions for New LNG Projects
Wednesday, September 23, 2015 New liquefied natural gas projects appear likely to be shelved temporarily due to the prolonged slump in crude oil prices.

OPEC Focuses On Rival Mega Projects, Lives With Shale Swing Output
Wednesday, September 23, 2015 OPEC members are beginning to believe they are winning against upstart US shale producers in a short-term market share contest.

Smaller Companies Show Early Signs of Oil Price Distress
Wednesday, September 23, 2015 Privately held Alta Mesa has been selling off producing Eagle Ford assets for more than a year, following the plummet in commodity prices.

Texas' Earthquake Study Gets Off The Ground
Tuesday, September 22, 2015 The $4.5 million study is intended to provide big picture information on whether there is a link between hydraulic fracturing's disposal wells and seismic activity.

Musings: Dog Days of Summer Bring a New Reality to the Oil Patch
Tuesday, September 22, 2015 The dog days of summer have seen increased volatility for oil prices and the stock market, which means more challenges for the businesses and employees; G. Allen Brooks offers insight to the layoffs.

New Architecture Needed to Ensure Success of IoT Implementation
Tuesday, September 22, 2015 The oil and gas industry needs a new architecture to ensure successful implementation of IoT technology, industry officials say.

$50 Oil Will Cut Budgets, New Projects to a Sliver of Previous Estimates
Monday, September 21, 2015 Energy sector may need more than belt-tightening to survive in new economic environment in which $50 oil could become the benchmark.

Kemp: Hedge Funds No Longer Sure Oil Prices Will Fall Further
Monday, September 21, 2015 Hedge funds continued to pare short positions in US crude oil last week even as the previous short-covering rally ran out of steam.

Statoil CEO Aims to Uphold Norway Output Level Until 2030
Monday, September 21, 2015 Statoil aims to uphold its output from the Norwegian continental shelf at current levels until 2030.

CEO: Statoil To Have 20% Fewer Employees By End-2016 Vs 2013
Monday, September 21, 2015 Statoil plans to have 20% fewer employees by end-2016 compared to 2013.

Lukoil Cumulative Uzbekistan Gas Output Hits 1Tcf
Friday, September 18, 2015 Lukoil cumulatively produces 30 billion cubic meters (1.05 trillion cubic feet) of natural gas at its projects in Uzbekistan.

Even a Slowing China Is Oil's Best Defense Against Deeper Slump
Friday, September 18, 2015 Even after China's slowing economy dragged crude to a six-year low, oil's second-biggest consumer remains the main safeguard against a further price meltdown.

Shale Driller Debt Burden Puts 400,000 Oil Barrels at Risk
Friday, September 18, 2015 As much as 400,000 barrels a day of oil production is at risk as US shale companies like run out of money and slow drilling.

Partnership to Take Rock-Fluid Research to the Atomic Level
Friday, September 18, 2015 A public-private partnership will allow University of Wyoming researchers to conduct what they believe is the first-ever study of oil-fluids movement at the atomic level.

Clinton Would Support End to Oil Export Ban Only With Concessions
Friday, September 18, 2015 Democratic presidential candidate Hillary Clinton says she would support lifting the US ban on crude exports if it meant a move toward cleaner energy.

Australian Services Companies Urged to be Innovative in Difficult Times
Friday, September 18, 2015 Oil and gas services firms in Australia need to innovate to an evolving market conditions.

US Crude Tumbles 5%, Wall Street Selloff Offsets Rig Data
Friday, September 18, 2015 Oil prices tumble with U.S. crude falling 5 percent, after a selloff in Wall Street equities offset positive impact to crude.

Russia Said to Study Oil-Tax Increase to Shrink 2016 Budget Gap
Friday, September 18, 2015 The Russian government considers raising taxes on its crude producers, its biggest source of revenue, to narrow its budget deficit next year.

US Oil Drillers Cut Rigs for Third Week on Weak Crude Prices
Friday, September 18, 2015 US energy firms cut oil rigs for a third week in a row, a sign the latest crude price weakness is causing drillers to put plans on hold.

Big Data, Internet of Things Transforming Oil and Gas Operations
Thursday, September 17, 2015 The amount of Big Data generated by oil and gas operations continues to grow as industry seeks to define Big Data and derive more benefits from it.

Norway's Production Rises YOY
Wednesday, September 16, 2015 Norway's average daily production of oil, NGL and condensate increases year-on-year to 1.91 million barrels in August 2015, from 1.84 million barrels in August 2014.

Moody's Lowers Outlook for Oil, Gas Majors
Wednesday, September 16, 2015 Ratings agency Moody's lowers its outlook for a group of top oil and gas companies to negative on Wednesday, stating that the sharp drop in oil prices would affect revenue into 2016.

Q&A Spotlight: Norfin Offshore's Charles Udonwa
Wednesday, September 16, 2015 Rigzone speaks with Norfin's Executive Chairman Charles Udonwa about Nigeria's petroleum industry and the growing deepwater segment in West Africa.

Kemp: Decline Rates Will Ensure Oil Output Falls in 2016
Tuesday, September 15, 2015 Decline rates on conventional fields will play a critical part rebalancing the oil market and determining where oil prices settle in the longer term.

Pursuit of China's Oil Prize Is Race for Second-Place Spoils
Tuesday, September 15, 2015 In the race to supply crude to the world's biggest energy user, it's the tussle for second place that's too close to call.

Downturn Winners, Victims Determined by Response to Key Cost Changes
Tuesday, September 15, 2015 Oil price recovery will take at least a year, and it won't be painless or quick, analysts at A.T. Kearney said in a note.

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