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Russian Daily Oil Production Stays at Post-Soviet High in June
Thursday, July 02, 2015 Russian oil output remains at a post-Soviet high of 10.7 million barrels per day for the fourth month in a row.

Shale Drillers Lose Most-Precious Asset - the $90 Hedge
Thursday, July 02, 2015 The insurance that producers bought before the collapse in oil - much of which guaranteed minimum prices of $90 a barrel or more - is expiring.

Rig Trends: Eastern Canada Rig Market Changing
Thursday, July 02, 2015 With operations moving into deeper waters and more harsh environments, the list of suitable rigs for Eastern Canada is shrinking.

Bankruptcy and More Layoffs Could Threaten Industry Even After Downturn
Wednesday, July 01, 2015 Experts consider the long-term toil that bankruptcy and the inevitable layoffs take on the oil and gas industry.

Kemp: Oil Prices Settle Into New Equilibrium
Wednesday, July 01, 2015 Benchmark crude oil prices have barely moved for more than two months, implying the market has found a temporary equilibrium after the enormous price shock in the second half of 2014 and early 2015.

Iran Faces Slow Road Back to Oil Market Even With Nuclear Deal
Wednesday, July 01, 2015 As Iran nears a deal to ease oil sanctions after almost two years of talks, selling more crude remains a long way off.

Algeria's 1Q Oil, Gas Output Down 6%, Investment Up
Wednesday, July 01, 2015 Algeria's oil and gas output fell by six percent during the first quarter of 2015 in spite of an increase in investment.

Top Social Media Dos and Don'ts When Looking for a Job
Wednesday, July 01, 2015 Rigzone shares best practices for job candidates on maintaining their social media channels while seeking employment.

Rig Rout Puts Smaller Drillers in Front as Oil Majors Scale Back
Tuesday, June 30, 2015 Crude oil's plunge is leaving drilling rigs idle from Africa to Latin America as the world's biggest energy companies curtail spending and stall projects.

Lessons from ATP Bankruptcy There for Those Who Listen
Tuesday, June 30, 2015 Oil and gas transactions lawyers share ways to remain solvent during tough economic times.

EU Offshore Safety Regulations: Guidance on New Rules
Tuesday, June 30, 2015 With new EU offshore safety regulations due to come into force July 19, Rigzone offers tips and guidance for companies on how to deal with the new rules.

On The Brink: Upstream Companies Increasingly Vulnerable To Collapse
Monday, June 29, 2015 Extended period of downturn in oil prices stretches energy finances to the point only the strongest may survive.

Baker Hughes: US Weekly Oil Rig Count Decline Slows
Friday, June 26, 2015 Energy firms report the smallest drop in 5 weeks, a sign the collapse in drilling is coming to an end as crude prices recover after falling 60% from last June to March.

A $500 Billion Maybe: Why Big Iran Moment May Be Years Away
Friday, June 26, 2015 For every investor who sees opportunity in a post-sanctions Iran, there are others who see the same old legal morass.

Survey: Oil Prices Expected to Go Lower for Longer
Friday, June 26, 2015 Oil's new normal may be $60 per barrel, but investors are concerned prices could go lower for a longer period of time than previously expected.

Offshore Ireland Still Makes Sense in a Low Oil Price World
Thursday, June 25, 2015 A low tax regime for oil and gas explorers means that fields offshore Ireland that would be uneconomic if they were in UK waters remain viable.

Norwegian Production Figures Hit Lowest Point since September 2014
Wednesday, June 24, 2015 The Norwegian Petroleum Directorate's preliminary production figures for May 2015 reveal that average daily production of oil, NGL and condensate hit its lowest point last month since September 2014.

Germany's E.ON Puts North Sea, Algeria Assets on the Block
Tuesday, June 23, 2015 German utility E.ON wants to sell its North Sea and Algerian oil and gas assets, according to several banking sources, and hopes to raise around $2 billion as it restructures.

The Future of Ice Gas
Tuesday, June 23, 2015 Rigzone takes a look at what the future holds for exploiting the potential gas resource of methane hydrate, aka ice gas, particularly focusing on developments offshore Japan, the Arctic and New Zealand.

North Dakota's Oil Rig Count Appears To Have Hit Bottom
Tuesday, June 23, 2015 The drilling rig count in North Dakota's oil patch, a closely watched metric through which many attempt to divine future crude production, appears to have hit a bottom.

Siberian Oil Deal Sees BP Bet on Russia's Pivot Toward China
Monday, June 22, 2015 BP's $750 million purchase of a Siberian oilfield stake is as much a bet on China as it is on Russia.

Sound Savings & Investment Advice for Offshore Oil, Gas Workers
Monday, June 22, 2015 Financial expert Rashonner Lillie offers saving and investment advice to offshore oil and gas workers.

Indonesia Seeks Regulatory Overhaul to Mitigate Energy Shortfall
Monday, June 22, 2015 Indonesia's petroleum sector is at a crossroad as the government has yet to pass a revised oil and gas law to provide greater certainty for the industry.

Seplat Chairman: Nigeria's Buhari Should Sell Stakes In Oil, Gas JVs
Monday, June 22, 2015 Nigeria's new government should sell its stakes in joint ventures in the country's energy industry, the chairman of Seplat Petroleum says.

Petrobras CEO Is Shutting Up Critics But Big Challenges Remain
Friday, June 19, 2015 For Petrobras investors battered by years of mismanagement, a new CEO went from villain to hero in a matter of weeks. The critical question now: Can he keep his reformist streak going -- and with it a strong rally in Petrobras shares?

Greater Collaboration behind Investment in GE's Mebane, N.C. Plant
Friday, June 19, 2015 GE enhances North Carolina facility to enhance customer collaboration and accelerate product development and manufacturing of large industrial products.

Saudi Arabia Pumps Oil Flat Out in Citi, Goldman's New Oil Order
Friday, June 19, 2015 Not content with the blow it's dealt to US oil drillers, Saudi Arabia is set to escalate the battle for market share by raising production to maximum levels.

Shale Fallout Torments Nigeria as Flagship Oil at Decade-Low
Friday, June 19, 2015 The shale boom that's reduced US dependence on overseas crude is reverberating in Nigeria as Africa's biggest oil producer cuts the pricing for its flagship grade to the lowest in a decade.

Oil-Sands Megaproject Era Wanes as Suncor to Imperial Scale Down
Thursday, June 18, 2015 Canadian oil-sands spending is poised to drop 30% to $19B this year while total oil production will be 17% lower by 2030 compared with last year's estimates.

Upstream M&A Deal Values Continue To Slip
Thursday, June 18, 2015 GlobalData figures show mergers and acquisitions activity is still reined in by low oil prices and depressed market.

S. Korea Companies Proceed at Different Pace in Securing Upstream Assets
Thursday, June 18, 2015 South Korean firms remain focused on enhancing energy security through upstream acquisitions overseas but progress on this front hinges on individual company's current priorities.

Cowen & Co: Small, Mid-Cap E&P Companies to See $16B Funding Gap in 2016
Wednesday, June 17, 2015 Cowen & Co analysts say that small to mid-cap exploration and production firms in the US will see a gap of $16 billion between spending estimates and projected cash flows for 2016.

Could Crowdfunding Become New Way to Finance Oil, Gas Activity?
Wednesday, June 17, 2015 Rigzone looks into whether crowdfunding could play a major role in financing oil and gas projects.

Mid-Year Survey Projects Much Improved E&P Spending Outlook in 2016
Wednesday, June 17, 2015 Rising global oil prices could spur E&P spending growth by the global oil and gas industry in 2016, according to a recent mid-year survey.

CEO: Russia's Rosneft to Maintain Hydrocarbon Output in 2015-2017
Wednesday, June 17, 2015 Russia's Rosneft plans to keep its hydrocarbon production stable between 2015 and 2017, according to the firm's CEO.

Report: Canada Could Lose 185,000 Oil, Gas Jobs in 2015
Tuesday, June 16, 2015 A study finds that Canada may lose 185,000 oil and gas jobs in 2015 due to falling commodity prices.

Low Oil Price Hits $200 Billion In Mega-Projects
Tuesday, June 16, 2015 Deepwater oil projects and complex gas facilities worth around $200B have been canceled or put on hold worldwide in recent months, consultancy Ernst and Young says.

Kemp: North Dakota's Oil Production Has Peaked
Tuesday, June 16, 2015 North Dakota's crude oil output peaks, according to the latest data published by the US state's government.

Musings: Weekly Oil Data Confusing, But Optimism High About Prices
Tuesday, June 16, 2015 While the decline in the drilling rig count continues, the puzzling issue is the continued increase in domestic oil output, G. Allen Brooks says.

How to Make Bitumen 'Glide' Through a Pipeline
Monday, June 15, 2015 Coating technology would enable crude bitumen to "slide effortlessly" through a pipeline, says developer.

Canadian Drillers' Group Sees More Than 25,000 Jobs Lost
Monday, June 15, 2015 The Canadian Association of Oilwell Drilling Contractors slashed its 2015 drilling forecast for a second time, forecasting that more than 25,000 jobs will disappear because of weak oil prices.

Chevron: Services Companies Critical to Australia's LNG future
Friday, June 12, 2015 Chevron Australia's Managing Director Roy Krzywosinski has stressed the importance of maintaining strong relationships between LNG operators and services companies.

Study: US Can Profit from Unconventionals While Protecting Environment
Friday, June 12, 2015 Reaping the economic benefits of US shale development and protecting the environment are not a zero-sum tradeoff as some believe, a recent report finds.

Research Sheds New Light on Bakken Gas Flare Images
Friday, June 12, 2015 Researchers at the University of North Dakota investigate the accuracy of satellite photos showing the North Dakota sky as bright as New York City.

Norway's Oil Investment Outlook Better Than Feared
Friday, June 12, 2015 The slump in investment in Norway's oil and gas sector is seen leveling off from 2016, according to data from Statistics Norway.

Aluminum Could Power AUV Operations in Oil, Gas
Thursday, June 11, 2015 A technology that harnesses the energy from a reaction of aluminum and water could serve as the future power source for AUVs.

Hackers' Favorite Target: Big Oil and That Deadly Equipment
Thursday, June 11, 2015 Hackers have made the energy industry a favorite target.

IEA Report Suggests Global Oil Demand May Creep Up on Production
Thursday, June 11, 2015 Moderation may be on the horizon, but industry analysts say global demand may actually be understated.

Kemp: Operational Excellence Becomes Oil Industry Watchword (Again)
Wednesday, June 10, 2015 Cost-cutting is set to remain the main focus for the oil industry for at least the next two years as petroleum producers adjust to an environment of much lower prices.

With American Energy Buy, Gulfport Grows Utica Footprint
Wednesday, June 10, 2015 Gulfport Energy expands its dry gas Utica acreage by almost 30% in first half of 2015.

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