News Topics: Analysis & Trends
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Offshore to Office: Transitioning from a Rig to Office in Oil, Gas
Friday, March 27, 2015 Industry veterans and experts offer tips and advice for offshore workers who are considering transitioning from working on a rig to working in an office.
Baker Hughes: US Oil Rig Decline Smallest Since December
Friday, March 27, 2015 The number of rigs drilling for oil in the US declined by 12 this week to 813, the smallest decline since December, according to Baker Hughes.
Drilling Activity to Rebound in 2016 after Exploration Cuts this Year
Thursday, March 26, 2015 Drilling activity across the global oil and gas industry could return to 2014 levels next year, according to a new report from research firm Wood Mackenzie.
Sensor Technology Allows Better Visibility in Tracking Fluids
Thursday, March 26, 2015 A sensor technology allows oil and gas operators to better understand the movement of oil and water in reservoirs.
Energy-Focused Agent Sees Patience, Caution in Houston's Real Estate Market
Wednesday, March 25, 2015 For many who work in the oil and gas industry, relocation is a given.
As Oil Prices Slide, North Dakota Sees Manufacturing In Its Future
Wednesday, March 25, 2015 Business and community leaders in North Dakota's western oil patch launch an aggressive campaign to convince more manufacturers to set up shop locally.
Wood Mac: Demise of Unconventional Oil 'Exaggerated'
Wednesday, March 25, 2015 The economics of Lower 48 oil projects remain robust in spite of lower oil prices, Wood Mackenzie reports.
US Shale Oil Firms Raise Enough Equity To Avoid Loan Reset Squeeze
Tuesday, March 24, 2015 A surge in equity issuance so far this year by oil and gas companies has surprised many who in December thought the price drop would hurt the ability of producers to tap capital markets.
Scotland, Australia: a Long-Held Partnership, but More to be Done
Tuesday, March 24, 2015 Neil McInnes, head of SE Asia and Australasia at Scottish Development International, gives an overview of the long partnership between Scotland and Australia, and the value it can deliver in the future.
US Drillers Scrambling To Thwart OPEC Threat
Monday, March 23, 2015 Companies are leaning on new techniques and technology to get more oil out of every well they drill, and furiously cutting costs in an effort to keep US oil competitive with much lower-costing oil.
Schlumberger Sees Prudence As New Normal For US Shale Oil
Monday, March 23, 2015 Prudence will be the new normal for the US shale oil industry, which has quickly abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger says.
Deloitte: Time Right to Reinvent Human Resources Profession in Oil, Gas
Friday, March 20, 2015 An Australian oil and gas industry in transition has provided a platform for human resources professionals to deliver a more valuable service, Deloitte says.
CIMC Raffles to Co-Finance Semisub Construction Ahead of Demand Uptick
Thursday, March 19, 2015 Chinese rig builder CIMC Raffles is chipping in to tide over rig owners on financing newbuild semisubmersible projects.
Venture Taranaki: NZ Oil & Gas Industry Adds More Jobs in Recent Years
Thursday, March 19, 2015 Venture Taranaki says in a study that New Zealand's oil and gas industry created more jobs and generated more income for the country's economy last year compared to 2010.
Cybersecurity Activity Generating its Own Set of Big Data
Wednesday, March 18, 2015 Cybersecurity analytics is generating its own Big Data, industry experts tell Rigzone.
US Shale Oil Firms Brace For More Pain As Crude Resumes Slide
Wednesday, March 18, 2015 With the prospect of another plunge in crude prices looming after two months of stability, US shale oil producers may face another round of spending cuts to conserve cash and survive the downturn.
Colombia Economy Grew 4.6% In 2014; Hit By Oil In Final Quarter
Tuesday, March 17, 2015 Colombia's economy grew 4.6% in 2014, just below the government forecast, with construction providing much of the momentum in the face of falling oil prices, though 4Q weakness surprises analysts.
Minister: Low Prices Will Hamper Nigeria's Bid To Boost Output
Tuesday, March 17, 2015 Oil Minister Diezani Alison-Madueke says consistently low oil prices will hamper Nigeria's bid to boost output to 4 million bpd.
Rig Trends: Floating Rig Market Facing High 2015 Contract Rollovers
Tuesday, March 17, 2015 The challenge for floating rig owners in 2015 will be trying to keep all the rigs coming off contract working, but the likely decline in operator drilling plans will make it nearly impossible.
Government Agencies to Monitor Offshore Marine, Energy Sector Cyber Threats
Tuesday, March 17, 2015 The US government is seeking to step up its monitoring of oil and gas infrastructure against cyberthreats, an industry observer tells Rigzone.
Are The Good Times Over For Growth In US Shale Gas?
Tuesday, March 17, 2015 US natural gas production could decline in 2016 for the first time in 10 years, driven by low oil prices after a decade of gangbusters growth from shale plays.
Wood Mackenzie: Gas Poses More Competition to Coal in Asia's Power Sector
Tuesday, March 17, 2015 Wood Mackenzie says gas poses increasing competition to coal as a fuel choice for the power sector in Asia.
Douglas-Westwood: 'Offshore Accommodation Market - A Focus on Welfare'
Monday, March 16, 2015 Douglas-Westwood discusses the offshore accommodation market, with a focus on welfare, in its latest edition of DW Monday.
Will Low Oil Prices Prompt Cutbacks in Cybersecurity Spending?
Monday, March 16, 2015 Rigzone speaks with experts about the latest trends taking place in the oil and gas industry's efforts to address cybersecurity.
Careers in Sales in High Demand for N. American Oil, Gas Industry in Feb.
Monday, March 16, 2015 Rigzone takes a snapshot of available oil and gas jobs in North America for the month of February, and it shows that careers in sales are in highest demand.
INSIGHT: Its Red Shirts Fading, Venezuela's Oil Giant Embraces Pragmatism
Friday, March 13, 2015 A subtle change in office attire may be the most telling symbol of a quiet revolution taking place inside Venezuela's troubled economic engine, giant oil firm PDVSA.
IEA Sees Renewed Pressure On Oil Prices As US Glut Worsens
Friday, March 13, 2015 Oil prices might have stabilized only temporarily as the global oil glut is worsening due to production in the US showing no sign of slowing, the IEA says.
Slow Year Ahead for Floating Production as Industry Downturn Bites
Friday, March 13, 2015 Orders for floating production systems may see a slowdown in 2015 as companies hold back on new orders amid an uncertain business environment.
Offshore Croatia: Developing the Eastern Adriatic
Friday, March 13, 2015 The Croatian government wants to catch up with Italy when it comes to developing oil and gas resources in its part of the Adriatic Sea.
Shell, Chevron Improve Australian LNG Competitiveness with Technology
Thursday, March 12, 2015 In Australia's high-cost environment Chevron and Shell are focusing on technological developments to keep their LNG projects competitive on a global scale.
Kemp: Britain's North Sea Oil, Gas Firms Must Look To Future Abroad
Thursday, March 12, 2015 For North Sea operators and their supporters, the remaining reserves provide a compelling economic reason to keep producing to avoid leaving value locked in the ground, analyst John Kemp says.
DNV Calls for Arctic Emergency Response Collaboration
Thursday, March 12, 2015 DNV GL calls for collaboration over Arctic emergency response and rescue strategies as operators look to more remote areas of the Barents Sea.
Azerbaijan's Oil Output Seen Down 4% In 2015
Wednesday, March 11, 2015 Azerbaijan is likely to cut oil production by 4% to 806,000 barrels per day this year, according to an official.
Kemp: Oil Market Shrugs Off Worries About Crude Stocks
Wednesday, March 11, 2015 The structure of futures prices suggests traders see little danger of a storage crisis in the second half of the year, analyst John Kemp says.
Kemp: OPEC Is Winning Its Battle With US Shale
Tuesday, March 10, 2015 Kemp: OPEC Is Winning Its Battle With US Shale
Africa's Oil 'Sweet Spots' Still Viable After Price Rout
Tuesday, March 10, 2015 African oil explorers will keep drilling in select locations such as onshore East Africa and less-complex projects offshore West Africa.
Exxon, Shell's Spending Patterns May Help Them Through Oil Price Drop
Tuesday, March 10, 2015 ExxonMobil and Shell may withstand the oil price collapse better than their rivals because they are closer to finishing expensive investment projects while others must keep spending.
Kuwait Expects OPEC to Continue Policy beyond June
Tuesday, March 10, 2015 OPEC is likely to maintain its production policy at a meeting in June, according to Kuwaiti official.
Chevron To Boost Asset Sales As Sticks By Outlook Amid Cheap Oil
Tuesday, March 10, 2015 Seeking to generate more cash, Chevron seeks to boost its asset sales 50% to $15B by 2017. Moreover, the company plans a 20% production increase.
EIA Raises 2015 US Oil Production Forecast, Cuts 2016 Outlook
Tuesday, March 10, 2015 The US EIA revised upward its 2015 domestic oil production outlook, but lowered its 2016 forecast because it expects the slump in global prices to weigh on the country's shale boom next year.
Texas' Permian Crude Transport Backlog Should Subside
Monday, March 09, 2015 Despite a cautious 1Q start for some Permian Basin operators, there's still oil in the pipeline and work to get it to the Gulf Coast.
Schlumberger Seeks Greater Innovation in Digital Oilfield Technology
Friday, March 06, 2015 An oilfield services firm expert highlights how Schlumberger is seeking to advance digital oilfield technology.
Vietnam's PV Drilling Shelves Fleet Expansion, Waits on Market Recovery
Friday, March 06, 2015 PV Drilling is putting fleet expansion on hold as operating dayrates soften on lower offshore drilling activity.
Progress, Challenges Seen in Implementing Digital Oilfield Technology
Friday, March 06, 2015 The oil and gas industry is only halfway in its journey towards implementing and gaining value from digital oilfield technology.
Oil Price Plunge Pulling Calgary's Housing Market Down With It
Thursday, March 05, 2015 A plunge in crude prices is pulling Calgary's housing market with it.
Small, Medium or 'Right-Sized', Incremental Projects Broaden LNG's Reach
Thursday, March 05, 2015 Smaller liquefaction projects represent a growth area for the LNG sector.
It's Time to Remove the Prohibition to Export Crude Oil
Thursday, March 05, 2015 The law banning crude oil exports prevents crude oil producers in the US from participating in free trade of a commodity that is traded worldwide, Alex Mills says.
Hays: Changing LNG Phase Helps Position Australia for Oil Plunge
Wednesday, March 04, 2015 Falling oil price has not only forced petroleum companies to shift their outlook, but also HR firms sourcing personnel for projects and operations, the Australian arm of Hays reveals.
Kemp: Lessons For US Oil Production From The Gas Industry
Wednesday, March 04, 2015 The gas industry's experience is especially relevant now given the plunge in oil prices and new drilling since June 2014.
Industrial Radio Cuts through Noise of Digital Oilfield
Tuesday, March 03, 2015 Industrial radio technology can help cut through the noise at oil and gas exploration and production sites as the industry employs more wireless systems.
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