Results50 articles shown
China Crude Oil Throughput Hits Daily Record In December And 2016
Friday, January 20, 2017 China's December refinery production touched new highs as facilities replenished stocks ahead of a long holiday break, lifting crude oil throughout for the year as a whole by 2.8% to another record.
Saudi Aramco To Boost Gas Production At Hawiyah, Haradh
Friday, January 20, 2017 Saudi Aramco plans to boost gas production at its Hawiyah and Haradh plants to meet growing domestic energy needs, industry sources say.
BLOG: Station Houston Offers Meeting Ground to Entrepreneurs, Industries
Friday, January 20, 2017 Station Houston brings together digital software entrepreneurs with Houston-based companies to solve their business challenges.
Indonesia Overhauls System For Future Oil, Gas Contracts
Thursday, January 19, 2017 Indonesia has adopted a new scheme for future oil and gas production sharing deals so that contractors shoulder the cost of exploration and production, rather than being reimbursed by the government.
Report: More than Half of Houston Employers to Add Staff in 2017
Thursday, January 19, 2017 Staffing firm Murray Resources' recent survey reveals an increase in hiring plans for Houston employers, specifically in manufacturing, operations and engineering roles.
Oil, Gas Firms Make Global 100 Most Sustainable Corporations List
Thursday, January 19, 2017 Ten oil and gas related companies have made Corporate Knights' 2017 Global 100 Most Sustainable Corporations list.
Big Oil Back On The Acquisition Trail As Outlook Brightens
Thursday, January 19, 2017 The world's top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves.
Mercuria Introduces Blockchain To Oil Trade With ING, Socgen
Thursday, January 19, 2017 Trading house Mercuria is working with banks ING and Societe Generale on the first large oil trade based on blockchain technology, as the tradition-bound oil industry tests out digital technology.
Norway Report Shows Net Jobs Creating Since 2013
Wednesday, January 18, 2017 Around 50,000 jobs have been lost in Norway's oil industry since 2013 as investments dry up amid a fall in crude prices.
Rystad Energy: Global Oil, Gas Discoveries Drop To 70-Year Low
Wednesday, January 18, 2017 Oil and gas discoveries around the world dropped last year to their lowest since the 1940s after companies sharply cut back in their search for new resources amid falling oil prices.
IEA Sees Significant Gains in US Shale Oil as Prices Rise
Wednesday, January 18, 2017 Oil-price gains will trigger a "significant" increase in US shale output as OPEC and other producers rein in supply, according to the head of the International Energy Agency.
Russia's Zapolyarye-Purpe Oil Link To Pump 7.5 MM T In 2017
Wednesday, January 18, 2017 Russia's Zapolyarye-Purpe oil pipeline will pump 7.5 million tons of oil in 2017.
Gazprom Neft Says Output At Badra Field In Iraq Near 3MM T In 2016
Wednesday, January 18, 2017 Russian oil producer Gazprom Neft says output at its Badra oil field in Iraq was approaching 3 million tons for 2016.
Oil Prices Might Eventually Feed Into Core Inflation, ECB's Nowotny Says
Tuesday, January 17, 2017 Core inflation in the euro zone has not increased significantly but a rise in energy prices might eventually drag it upwards, European Central Bank Governing Council member Ewald Nowotny says.
E&P Consultants Earning 27% Less than in 2013
Tuesday, January 17, 2017 Consultants currently working in the exploration and production sector are earning, on average, 27% less than they did in 2013, according to consultancy firm OPC.
China's Crude Oil Output Will Fall 7% By 2020
Tuesday, January 17, 2017 China's crude oil output is expected to drop by 7% by 2020 compared with the previous 5-year plan as output from some of the nation's largest, but oldest, wells falls.
China's Inescapable Oil Slide Is a Record-Breaking OPEC Gift
Tuesday, January 17, 2017 OPEC's campaign to prop up oil prices is getting unlikely support from its biggest customer.
Modest Recovery Within UK Upstream Sector Expected in 2017
Tuesday, January 17, 2017 There will be a modest recovery within the UK upstream oil and gas sector this year, according to global natural resources consultancy Wood Mackenzie.
Kemp: US Oil, Gas Industry Has Turned The Corner
Tuesday, January 17, 2017 US petroleum producers are looking forward to better times in 2017 as the industry has passed the low-point in the cycle and embarked on the road to renewed expansion.
Kemp: Oil Prices Stall as Hedge Funds Stop Adding to Longs
Monday, January 16, 2017 Hedge fund bullishness toward the price of crude oil appears to have peaked for the time being, with fund managers booking some profits after the strong rally in the final seven weeks of 2016.
Aker BP Positioned for Further Growth
Monday, January 16, 2017 Independent exploration and production company Aker BP ASA is positioned for further growth, according to the firm's CEO, Karl Johnny Hersvik.
Iran Oil Minister Certain That Oil Prices Will Rise
Monday, January 16, 2017 Iran's oil minister said that he was confident the OPEC and non-OPEC members would commit to the output cut deal agreed in November, noting that prices of oil would rise further as a result.
Russian Oil Output Averaged 11.1 MM Bpd From Jan. 1-15
Monday, January 16, 2017 Russian oil and gas condensate production averaged 11.1 million barrels per day (bpd) from Jan. 1-15.
EU Energy Watchdog: Serbia Should Rework Gas Deal With Gazprom
Monday, January 16, 2017 Serbia should renegotiate its long-term gas supply deal with Russia's Gazprom, a body in charge of extending the EU's energy policy says.
IMF Slashes Saudi Arabia Growth Forecast on Lower Oil Output
Monday, January 16, 2017 The IMF cuts its growth outlook for Saudi Arabia on lower oil production, underscoring the challenges facing the kingdom as it seeks to overhaul its economy.
Venezuela Will Circulate New Proposal To Support Oil Prices Next Week
Monday, January 16, 2017 Venezuela will next week circulate a new proposal to crude producers in a bid to support oil prices, President Nicolas Maduro said, without providing details.
Despite Saudi Signals, OPEC Unlikely To Deliver All Promised Oil Cuts
Friday, January 13, 2017 OPEC is unlikely to deliver fully on its target to cut production despite Saudi Arabia saying it had trimmed more than it had committed to, OPEC delegates say.
BLOG: Should the US Cut Oil Production in Line With OPEC, NOPEC?
Friday, January 13, 2017 OPEC's subtle message that the US should join its production cut pledge with other non-OPEC nations - in the interest of global market stability - is unlikely to get an affirmative response.
Ideal Employer Survey Reveals Midstream's Picks for Top Companies
Friday, January 13, 2017 Rigzone's latest survey finds what's most important to midstream professionals and Deloitte's vice chairman John England provides a midstream outlook for 2017.
Russia's Novatek Says Gas Output Down 2.7% In 2016
Friday, January 13, 2017 Russia's No.2 natural gas producer Novatek says its gas output declined by 2.7% in 2016, while gas condensate and oil production jumped by almost 37% as it commissioned new fields.
Oil Currencies Uncoupled From Crude Swings Likely to Renew Link
Friday, January 13, 2017 Some breakups just aren't meant to last. That's what currency strategists are saying about the split between the price of oil and money.
China's CNPC Forecasts Record Oil Demand, Warns On Product Glut
Thursday, January 12, 2017 China's crude oil demand will grow by 3.4% this year to a record of almost 12 million barrels per day as refiners in the world's second-biggest oil user ramp up output.
Ithaca Energy: Stella Production Start-up Delayed
Thursday, January 12, 2017 Ithaca Energy Inc. reveals that the start-up of the Stella field, located in the central North Sea, has been pushed back to February.
Education: A Key Ingredient for Expanding Gas Infrastructure
Thursday, January 12, 2017 Now may be the right time to build new gas infrastructure, but formidable forces prevent the execution of growth plans.
Premier Oil Expects Weak Pound To Help Bottom Line
Thursday, January 12, 2017 Premier Oil expects to continue reaping benefits from weak sterling this year, as the depreciating currency has brought down the cost of investments in Britain at a time of low oil prices.
What's Next for Mexico's Energy Sector?
Thursday, January 12, 2017 Rigzone examines the possible long-term outlook for Mexico's energy sector.
Saudi Energy Minister Says Output Below 10 MMBpd, Cut Will Deepen
Thursday, January 12, 2017 Saudi Arabia has cut its oil production to slightly below 10 million barrels per day and plans a deeper cut in February under an agreement among global producers to reduce output.
NPD: 2017 Set to be Another Demanding Year
Thursday, January 12, 2017 The next 12 months will be yet another demanding year for the industry, according to the Norwegian Petroleum Directorate, although the decline in investments is slowing.
Cruise Line Exec: LNG Represents the Future
Wednesday, January 11, 2017 Carnival opting for LNG instead of marine diesel oil.
Big Oil Hits Sweet Spot as Projects Reap Rewards of Recovery
Wednesday, January 11, 2017 Big Oil is poised to reap rewards this year as investments made before the crude-price slump pay off just as the recovery starts.
BLOG: Houston Profitable Area for STEM Grads
Wednesday, January 11, 2017 A recent analysis by WalletHub finds that the Houston metropolitan area ranks first in the annual media salary for STEM workers.
Total UK Production Increases 2.1% on Growing Oil, Gas Output
Wednesday, January 11, 2017 The monthly estimate of total UK production increased by 2.1% in November 2016, mainly due to an increase in oil and gas output, according to figures from the Office for National Statistics.
Oil, Gas Investment to Grow in 2017 for First Time since Price Crash
Wednesday, January 11, 2017 The oil and gas investment cycle will show the first signs of growth in 2017 since the oil price crash in 2014, according to a new report from Wood Mackenzie.
Iraq Cuts Oil Production By 160,000 Bpd Under OPEC Deal
Tuesday, January 10, 2017 Iraq has cut oil production by 160,000 barrels per day (bpd) since the beginning of January in line with an OPEC decision to lower output.
New Chapter in NGV Story About to Unfold
Tuesday, January 10, 2017 Natural gas vehicle (NGV) advocate sees emerging opportunities to gain market share.
Texas $1B Carbon Project To Curb Emissions, Up Oil Recovery
Tuesday, January 10, 2017 NRG Energy and JX Nippon Oil & Gas Exploration begin operations at a $1.04 billion carbon capture facility at a Texas coal-fired power plant and use the emissions to extract crude from a nearby field.
SNP: UK Government's New Energy Department Suffering from Confusion
Tuesday, January 10, 2017 The UK government's new energy department is suffering from widespread confusion amongst its own staff about its role and responsibilities, the SNP has claimed.
Total's Uganda Expansion 'Significantly De-risks' Project Sanction
Tuesday, January 10, 2017 Total's decision to increase its stake in Uganda's Lake Albert oil development significantly de-risks the project's sanctioning, analysts at investment bank Jefferies said.
AkerBP, Cairn Energy Make Jefferies Top Pick List
Monday, January 09, 2017 AkerBP ASA and Cairn Energy plc have made investment bank Jefferies' 'top pick' list, while Genel Energy plc and Tullow Oil plc have been given an 'underperform' rating by the firm.
Barclays Forecasts Investors May Shift, Favor Oilfield Services
Monday, January 09, 2017 Analysts upgrade oilfield services from neutral to positive as under-owned sector poised to benefit from North America's 27% E&P spending boost.
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