Results50 articles shown
India's Feb Oil Output Falls 3.4% YoY
Wednesday, March 22, 2017 India's oil output in February fell 3.4% to about 2.80 million tons year-over-year.
Offshore Industry To Play 'Vital Role' in Scottish Independence Campaign
Wednesday, March 22, 2017 The offshore industry will play a vital role in a second Scottish independence referendum campaign, Wood Mackenzie says.
Oil Giants Upending Shale Turf Where Wildcat Drillers Once Ruled
Tuesday, March 21, 2017 ExxonMobil, Shell and Chevron are jumping into American shale with gusto, planning to spend a combined $10B this year, up from next to nothing only a few years ago.
Oil, Gas Job Recovery Much Slower Than Industry Rig Count, Spending Growth
Tuesday, March 21, 2017 Higher oil prices and a US rig count surge propel industry earnings toward recovery, but hiring is expected to lag behind, according to Moody's Investors Service.
Wood Group Aims to Grow Employment in Long-Term Following Amec Deal
Tuesday, March 21, 2017 Wood Group refuses to provide any detail on potential job losses as a result of its decision to buy Amec Foster Wheeler, but insists that its aim is on growing employment in the long term.
Ezra's Bankruptcy Move Adds To Singapore's Sorry Offshore Marine Story
Monday, March 20, 2017 Ezra Holdings Ltd's decision to file for U.S. bankruptcy protection gave investors another cause for concern as its downfall added to troubles in Singapore's offshore marine sector.
Armed With $11 Billion, Thai Oil Giants Hunt for Investments
Monday, March 20, 2017 The Asian energy companies sitting on the largest hoard of cash outside China are ready to put it to use.
Under-$50 WTI Oil Price Will Be 'Short Lived'
Monday, March 20, 2017 The WTI oil price of under $50 per barrel won't last for long, according to oil and gas analysts at GMP FirstEnergy.
MSP: Scotland Will Suffer If Supporting Action Is Not Taken Now
Friday, March 17, 2017 If action is not taken now by Westminster to support the North Sea oil and gas industry, the whole of Scotland will suffer, Gillian Martin, MSP for Aberdeenshire East says.
Kemp: OPEC Cuts Make Global Crude Supply Lighter And Sweeter
Friday, March 17, 2017 OPEC's production cuts have changed the quality of the global oil supply, shaking up the relationship between important crude benchmarks.
Study Like a CEO: Universities Attended by Europe's Top Oil, Gas Execs
Friday, March 17, 2017 Where, and what, did the CEOs of some of Europe's top oil and gas companies study?
BLOG: Filling the Petrotechnical Professionals Void in Oil, Gas
Thursday, March 16, 2017 Accenture Strategy executives discuss what the industry needs to do to address its impending shortage of upstream petrotechnical professional workers.
Texas Energy Museum Serves as Piece of History, Educational Resource
Thursday, March 16, 2017 Beaumont, Texas is home to a museum that tells the history of Texas oil.
OPEC Can't Count on American Drivers to Help Boost Oil Prices
Thursday, March 16, 2017 Rising US oil production isn't the only thing getting in the way of OPEC's efforts to drain a global glut. American drivers aren't helping either.
Industry Consultant: There's Still Oil to Find in East Africa
Thursday, March 16, 2017 There is still oil to discover in East Africa, suggests PetroMall consultant Mike Rego.
IEA Says Oil Market Could Tilt Into Deficit In 1H If OPEC Sticks To Cuts
Wednesday, March 15, 2017 If OPEC maintains its output cuts, demand should overtake supply in the first half of this year, the International Energy Agency says.
Time For Change: Meeting The Challenge Of Offshore Rig Moves
Wednesday, March 15, 2017 Rig moves have always been challenging tasks for offshore drilling organizations.
Russia's Lukoil Sees Hydrocarbon Output Growth Of 3-4% In 2017
Wednesday, March 15, 2017 Russian oil firm Lukoil forecasts its hydrocarbon output will grow 3-4% in 2017.
An Oil Legend's Biggest Hunt Ever: 10 Billion Barrels in Alaska
Tuesday, March 14, 2017 Everyone in Alaska knows firsthand that the fracking revolution in the Lower 48 has crushed Alaskan oil, that '70s-era answer to OPEC.
Kemp: Brent Spreads Become Battleground Amid Doubts Over Oil Rebalancing
Tuesday, March 14, 2017 Global oil markets are gradually rebalancing, but progress has been slower and more uneven than the Organization of the Petroleum Exporting Countries and bullish hedge funds expected.
Norway Government Cuts 2017 Oil Investment Forecast
Tuesday, March 14, 2017 Investments by Norway's oil industry will decline more than expected in 2017 and economic growth is now seen fractionally lower than forecast.
Kremlin Says No Decision Yet On Prolonging Global Oil Output Cuts
Tuesday, March 14, 2017 It is too early to decide on a unified position about the possible extension of a global pact to cut oil output, a Kremlin spokesman says.
Nigeria's Proposed Sale of Oft-Bombed Oil Assets Not Easy
Monday, March 13, 2017 Nigerian President Muhammadu Buhari's government proposed a plan to jump start the economy by, among other things, selling stakes in joint-venture oil projects within the next three years.
Chevron's Watson: US Should Be More Competitive, But Not Burden Imports
Friday, March 10, 2017 Chevron CEO John Watson discusses regulatory environment in the US and around the world with chairman Daniel Yergin during CERAWeek by IHS Markit in Houston.
Race to Bottom on Costs May Cause Oil to Choke on Supplies
Friday, March 10, 2017 Houston hosted two events this week: the nation's largest energy conference and the town's famous rodeo.
Oil, Gas CEOs Optimistic about Future of E&P in North America
Friday, March 10, 2017 Oil and gas CEOs Harold Hamm, Jeff Ventura and Al Walker are ready to ramp up US exploration and production activity and hope the industry is equipped.
Canada Oil Dependence on US Loosens in Age of Donald Trump
Friday, March 10, 2017 The Canadian oil patch's half-century bond to the US market is loosening one tanker load at a time in Donald Trump's "America First" era.
BLOG: Industry 'Low Priority' in Brexit Talks, Says Leaked Govt Document
Friday, March 10, 2017 The UK government has branded the oil industry a "low priority" in Brexit talks, according to a "leaked list" obtained by The Times.
Baker Hughes: US Oil Rig Count Rises To Most Since Sept. 2015
Friday, March 10, 2017 US drillers added oil rigs for an eighth week in a row to the most since September 2015, extending a ten-month recovery.
Oil Ministry: Iraq Exports 3.32 MMbpd Oil In Jan, 3.269 MMbpd In Feb.
Thursday, March 09, 2017 Iraq's daily oil exports stood at 3.269 million barrels per day in February and 3.320 million bpd in January, the oil ministry says.
Premier Oil Makes Annual Pre-Tax Loss Despite Cost Cuts, Higher Output
Thursday, March 09, 2017 North Sea focused Premier Oil missed analysts' annual profit forecasts as it made its third consecutive annual loss before tax despite a heavy squeeze in costs and higher production.
Kemp: US Oil Production Forecasts Revised Higher
Thursday, March 09, 2017 US oil production forecasts for 2017 and 2018 have been boosted significantly as a result of rising prices as well as improved modelling techniques for predicting output down to the well level.
China Says First Draft Of South China Sea Code Of Conduct Ready
Wednesday, March 08, 2017 A first draft of a code of conduct for behaviour in the disputed South China Sea has been completed, Chinese Foreign Minister Wang Yi says.
Tanker's U-Turn Shows How Shale Is Changing World Gas Trade
Wednesday, March 08, 2017 A cargo of chilled natural gas hauled from Louisiana in late December has become a symbol of how global trade is changing.
Oil Majors Still Years From Repairing Balance Sheets After Price War
Wednesday, March 08, 2017 Financially strapped oil producers are spending billions to boost production before it's clear that recent crude price gains brought on by OPEC output cuts can be sustained.
Petroplan: Oil, Gas Recruitment Looks Set to Pick Up
Wednesday, March 08, 2017 Global oil prices are now around the level where demand for talent looks set to pick up again, according to a new report from Petroplan.
Holy Vaca Muerta! There Is Life Beyond The Permian
Wednesday, March 08, 2017 Industry heavy-hitters reveal their top assets outside of the prolific Permian Basin during a CERAWeek by IHS Markit discussion in Houston.
PETRONAS CEO: Industry Needs to Advocate for Benefits of Gas
Wednesday, March 08, 2017 PETRONAS CEO Datuk Wan Zulkiflee Wan Ariffin and Tellurian's Charif Souki say more advocacy is needed on behalf of gas benefits in order to meet global demand growth.
Hammond Outlines Plans to Help North Sea Oil Industry in Budget
Wednesday, March 08, 2017 The Chancellor of the Exchequer Philip Hammond uses his budget to outline plans to help the North Sea oil and gas industry.
Chesapeake CEO: Downturn Challenges Helped Oil, Gas Companies
Tuesday, March 07, 2017 Doug Lawler, chief at shale gas forerunner Chesapeake Corp., tells CERAWeek audience the commodity price downturn forced independent upstream companies to become stronger.
ConocoPhillips CEO Talks Talent Shortage and Learning in the Downturn
Tuesday, March 07, 2017 ConocoPhillips' CEO Ryan Lance addresses the oil and gas industry's impending talent shortage during Houston's CERAWeek by IHS Markit conference.
Confidence Slowly Returning to UKCS
Tuesday, March 07, 2017 Confidence is slowly returning to the UK Continental Shelf (UKCS) following an intensive 2-year drive to improve efficiency, streamline costs and boost productivity, Oil & Gas UK says.
Saudi Energy Minister: Oil, Gas Cash Infusion Critical for Demand
Tuesday, March 07, 2017 Cooperation between OPEC and non-OPEC nations important to global energy economy, Saudi Arabia's Khalid Al-Falih says during CERAWeek gathering in Houston.
OPEC Crude Export Average Rises in February
Tuesday, March 07, 2017 OPEC crude exports average 25.32 million barrels per day (bpd) in February, 1.72 million bpd higher compared to January levels, according to the latest research and forecasts report from Reuters.
OPEC, Non-OPEC Agreement Strives For Oil Price Stability
Tuesday, March 07, 2017 OPEC Secretary General Mohammad Sanusi Barkindo tells CERAWeek historic production cut agreement with non-OPEC countries develops new relationship between crude producing and consuming nations.
Russia's Putin, Turkey's Erdogan To Discuss Energy Issues In Moscow
Tuesday, March 07, 2017 Russian President Vladimir Putin and Turkish President Tayyip Erdogan will discuss the TurkStream gas pipeline and the Akkuyu nuclear plant when they meet in Moscow on Friday.
Burning Less Oil At Home Will Help Saudi Exports And Aramco IPO
Tuesday, March 07, 2017 Saudi Arabia is likely to reduce the amount of oil it burns to generate power this summer as the kingdom hikes domestic energy prices and uses more natural gas in power stations.
Novak: Energy Mix Rebalancing, But Russia Remains Hydrocarbon Champion
Monday, March 06, 2017 Alexander Novak, Russia's Energy Minister, tells standing-room crowd at CERAWeek that natural gas is key to resolving climate change problems; global cooperation is crucial.
ExxonMobil Gulf Initiative to Create 45,000 Jobs
Monday, March 06, 2017 A new initiative by ExxonMobil will build and expand manufacturing facilities along the US Gulf Coast.
Azerbaijan Cuts Oil Output To 776,400 Bpd In Feb
Monday, March 06, 2017 Azerbaijan cut oil production to 776,400 barrels per day in February, sticking to its pledge to reduce output as part of a global deal.
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|Brent Crude Oil :||$50.64/BBL||0.62%|
|Light Crude Oil :||$48.04/BBL||1.47%|
|Natural Gas :||$3.01/MMBtu||2.58%|
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