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Cheap Coal Threatens LNG's Toehold in Fast Expanding Philippines
Wednesday, November 25, 2015 The Philippines is set to import liquefied natural gas for the first time next year as it bids to replace fast-fading local gas supplies, but cheap coal is blowing off course Manila's vow to lift the use of cleaner fuels.

Eastern Europe Focused Energy Firms Increase CAPEX
Tuesday, November 24, 2015 Nostrum Oil & Gas and PJSOC Bashneft increase capital expenditure in 9M 2015, bucking the trend of CAPEX reduction among energy firms amid the current lower oil price.

Lukoil Predicts its Russian Output Will be Unchanged Next Year
Tuesday, November 24, 2015 Oil producer aims to maintain output in Russia at this year's level of 86-to-87 million tons before increasing it by up to two million tons in 2017.

The Upstream Investment Outlook of European Oil, Gas Firms
Tuesday, November 24, 2015 Rigzone looks at the current state of upstream investment among European oil and gas firms.

Statistics Norway: Number of Active Rigs on Norwegian Shelf to Fall in 2016
Tuesday, November 24, 2015 The number of active rigs on the Norwegian Shelf is expected to decrease in 2016 due to low oil prices and operator processes to cut rig costs, according to a new survey by Statistics Norway.

Kemp: Hedge Fund Short Positions And Oil Prices In 2015
Tuesday, November 24, 2015 There have been at least three cycles in WTI prices and hedge fund positions in the main NYMEX light sweet crude contract since the turn of the year.

IRG: Lower Oil Price Presents Increasing Number of Opportunities
Monday, November 23, 2015 Independent Resources plc believes that the lower oil price environment presents "an increasing number of opportunities".

Evercore: Super Majors Ripe for Consolidation and Other Restructuring
Monday, November 23, 2015 Among the major themes of upcoming cycle will be the recovery of US land drilling, offshore restructuring and more risk to service industries, Evercore analysts say.

Oil Deal of the Year: Mexico Set for $6B Hedging Windfall
Monday, November 23, 2015 Mexico is set to get a record payout of at least $6 billion from its oil hedges this year, according to data compiled by Bloomberg.

Statoil CEO: Oil, Gas Will Remain 'Critically Important' Through to 2040
Monday, November 23, 2015 Statoil CEO Eldar Saetre says oil and gas will remain "critical important" energy resources through to 2040 in Oslo speech.

Investors Bet on Rebound as Holdings in Oil ETF Jump to Record
Friday, November 20, 2015 Investors are piling into the United States Oil Fund on speculation prices may have bottomed near $40 a barrel.

Africa Oil Boom Fades as $50 Crude Shuts Door on High-Cost Deals
Friday, November 20, 2015 Oil below $50 has made more than two out of three investment projects in Africa non-viable.

Petrobras Extends Rally On Capital Plan
Friday, November 20, 2015 Petrobras leads LatAm credit markets higher following news that the Brazilian government considers plan to inject fresh capital into the beleaguered oil company.

SD-WAN Technology Can Improve Oil, Gas Communications
Friday, November 20, 2015 SD-WAN technology could enhance operational efficiency of communications the oil and gas industry, an SD-WAN technology provider says.

SNC-Lavalin Bullish on India, Offsets Job Slowdown Elsewhere
Friday, November 20, 2015 SNC-Lavalin is optimistic about the upstream sector in Asia, especially India, as it seeks to offset the adverse impact of a slowdown in other regions.

Oil Crash Means Biggest Boomers Halt Supply Growth in 2016
Friday, November 20, 2015 The US and Iraq, whose extra crude this year equates to about 80 percent of the global surplus, will fail to boost output in 2016, according to the world’s biggest forecasters.

Scant Signs Of Russia-OPEC Output Cut Deal Ahead Of Vienna Meeting
Friday, November 20, 2015 There is little likelihood Russia will work with OPEC on cutting oil output ahead of or on the sidelines of a meeting of the exporter group in Vienna next month, officials and industry insiders say.

US Oil Drillers Cut Rigs For 11th Week In The Last 12
Friday, November 20, 2015 US energy firms cut oil rigs for an 11th week in the last 12, a sign drillers were still waiting for higher prices before returning to the well pad.

Russell: India, Not China, Powering Growth in Fuel Demand
Thursday, November 19, 2015 China's fuel usage tends to gather headlines as an indicator of the strength of global crude oil demand, and while this has been justified, the real growth action is happening over the Himalayas in India.

Oil, Gas Cyber Attacks Increasing
Thursday, November 19, 2015 Cyber attacks in the upstream oil and gas sector are increasing, according to Eric Knapp, the global director of cyber security solutions and technology for Honeywell Process Solutions.

NOC, IOC Technology Maturity Leaders Pressured By Volatile Market Outlook
Thursday, November 19, 2015 The pressure is on NOCs and IOCs to qualify the most cost-effective technologies that can solve their immediate challenges and enhance production in the near term.

Wood Mac: Vaca Muerta Shale Play to Double Output by 2018
Thursday, November 19, 2015 Wood Mackenzie expects production from Latin America's Vaca Muerta shale play to double by 2018.

Plunge In Norway's Oil Investments Could Hurt Economy
Wednesday, November 18, 2015 Investments in Norway's oil and gas sector will drop by almost 40% from 2014 to 2017, an industry lobby group predicted.

Companies Piggyback on Monitoring Technology to Save Money in Oil Patch
Wednesday, November 18, 2015 One of the world's largest seismic arrays has set the stage for cost-effective microseismic monitoring.

UK North Sea Oil Decommissioning Costs Set to Rise
Wednesday, November 18, 2015 The cost of dismantling oil production facilities in the UK North Sea over the next decade will be higher than previously forecast, according to a group representing the British industry.

Analyst: Oil Supply and Demand to Rebalance in 2016
Tuesday, November 17, 2015 Evercore ISI expects oil prices next year to settle in the $60s per barrel, once demand increases and supply finally declines.

No Keystone, No Problem: TransCanada Turns to Mexico Expansion
Tuesday, November 17, 2015 Days after the US spurned TransCanada's proposal to expand its Keystone pipeline network across North America, Mexico opened its arms.

IEA Sees Southeast Asia Facing More Challenging Environment for Production
Monday, November 16, 2015 The International Energy Agency expects Southeast Asia to encounter a more challenging environment for oil and gas production in the coming decades.

Military Response to Paris Terror Attacks Could Hit Iraqi Oil Production
Monday, November 16, 2015 The West's response to deadly terror attacks in Paris may generate risk to one quarter of Iraq's oil production.

Oil Producers Hungry for Deals Drool Over West Texas 'Tiramisu'
Monday, November 16, 2015 The worst oil market in decades would be hard to spot in West Texas, where two-lane county roads are still jammed with trucks and energy companies are on the prowl for deals.

Oil Dealmakers Find Slim Pickings Among Premium-Priced Explorers
Monday, November 16, 2015 Wannabe dealmakers in the oil industry are stymied by a fundamental problem: there's a mismatch between the price of crude and the value of companies.

Fulcher: Cybersecurity Ranks as Top Long-Term Threat to Statoil
Friday, November 13, 2015 Cyberattacks pose the biggest long-term threat to Statoil's assets, operations and personnel, a company official tells attendees at the API Cybersecurity Conference 2015.

Changing Human Behavior Key to Thwarting Cybersecurity Attacks
Friday, November 13, 2015 Changing human behavior and not spending on the latest cybersecurity gadgets is key to detecting cybersecurity attacks.

Norwegian Production Rises
Friday, November 13, 2015 Norwegian output rises for the first time in 4 months in October, according to preliminary figures from the Norwegian Petroleum Directorate.

Searching in Senegal: Exploration Activity through 2020
Friday, November 13, 2015 Rigzone highlights the key upcoming confirmed, and potential, exploration activity in Senegal over the next 5 years.

Why Are Oil And Gas Companies Calling For More Action On Climate Change?
Thursday, November 12, 2015 BP's Chief Executive Bob Dudley gives his views on the role oil and gas companies can play in the transition to a lower carbon future.

Anadarko's Bid for Apache Drives Down Share Prices for Both E&Ps
Thursday, November 12, 2015 Analysts say major M&A activity remains a couple of quarters away, when companies feel "maximum pain" of the downturn.

Kemp: US Shale Oil Output Will Be Less Resilient Than Gas
Thursday, November 12, 2015 The failure of gas production to respond to lower prices and a falling rig count has left many analysts wondering if it heralds the same problem in the oil market - worsening oversupply.

Recruiters Reveal How to Answer Tricky Interview Questions
Wednesday, November 11, 2015 Rigzone explores why recruiters ask certain interview questions and offers candidates advice on how to answer them.

Empty Floors, Shadow Vacancies New Norm for Calgary Tower Owners
Tuesday, November 10, 2015 Office-tower owners in Canada's energy hub are about to feel the full force of the oil-price crash.

IEA: Oil Price To Rise Only Gradually To $80 By 2020
Tuesday, November 10, 2015 Oil is unlikely to return to $80 a barrel before the end of 2020 despite unprecedented declines in investment, as yearly demand growth struggles to top 1 million barrels per day, according to the IEA.

Evercore: The Middle East Is A Bright Spot
Tuesday, November 10, 2015 Plummeting rig counts and "frack-cations" are expected to have major implications for US production well into 2016.

Oil Majors See Low Prices Persisting For Months Ahead
Tuesday, November 10, 2015 The global oil glut is likely to take longer than expected to clear and may depress oil prices for many more months if not years despite steep investment cuts and project cancellations around the world.

Snyder Q&A: First Half 2016 to be Hard on Oil, Gas
Monday, November 09, 2015 Corporate restructuring expert William Snyder tells Rigzone there is more pain ahead during the first two quarters of 2016.

Maersk Expects Drilling Companies Will Continue to Face 'Headwinds'
Monday, November 09, 2015 Maersk Drilling expects offshore drilling companies around the world to continue to face "significant headwinds" in the future.

The Eastern Adriatic: An Opportunity Missed?
Monday, November 09, 2015 Rigzone takes a look at the eastern Adriatic Sea after two independent oil firms, initially enthused by the opportunity in the region, handed back their licenses this summer.

ABS Grants AIP for New FPSO Design, Construction Concept
Friday, November 06, 2015 ABS grants AIP to Mitsui for a new FPSO vessel design and construction concept.

UOG 2015: Oil, Gas Executives Set to Converge on Tel Aviv
Friday, November 06, 2015 Rigzone looks ahead to this month's UOG 2015 conference in Tel Aviv, Israel.

US Shale Producers See Big Budget Cuts for 2016
Friday, November 06, 2015 US shale oil producers risk cutting to the bone next year as they pare spending further to get ready for a prolonged downturn.

Halliburton Presses on With M&A Bond Deal Amid Regulatory Doubts
Thursday, November 05, 2015 Halliburton is plowing ahead with plans to sell $7.5B in bonds to finance its $34.6B takeover of Baker Hughes, shrugging off concerns that the deal faces regulatory hurdles.

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