Results50 articles shown
Russell: Oil Exporters Focus On Supply, But What Of China Demand?
Tuesday, September 27, 2016 Major oil exporters clearly would like higher crude prices and may even be getting closer to some sort of coordinated action, but they should be careful what they wish for as they may choke off demand growth in top importer China.
In Oil Price Battle With Saudi Arabia, It's Advantage Iran
Tuesday, September 27, 2016 Saudi Arabia swaps its traditional role as price dove with regional foe Iran, for years OPEC price hawk.
UKCS In Urgent Need of Fresh Investment
Tuesday, September 27, 2016 The UK Continental Shelf is in urgent need of fresh investment to boost exploration and drive activity, says Deirdre Michie, Oil & Gas UK's chief executive.
BLOG: Keeping Experienced Staff in Downturn a Tough Call for Asian Services
Monday, September 26, 2016 Asian offshore oil and gas services companies are caught in a dilemma of retaining experienced staff in the current industry amid cost-cutting pressure.
Malaysian Banks Brace For Profit Hits As O&G Firms Restructure Debt
Monday, September 26, 2016 Malaysian lenders are bracing for a hit to profits this year as they bump up provisions for sour loans to the local oil and gas services sector that has been battered by the slump in energy prices and cutbacks in projects.
Saudi Aramco Sees Oil Demand 'Steady' as Supply Growth Slows
Monday, September 26, 2016 Slower growth in oil supply is helping the crude market to re-balance, and prices are set to increase over time, according to the head of the world's biggest producer.
Crude Oil Export Trends in the Middle East
Friday, September 23, 2016 August movements exemplify a shift within the landscape of Middle East exports.
Pioneer CEO Scott Sheffield: Lessons Learned from a 40-Year Career
Friday, September 23, 2016 Pioneer Natural Resources CEO Scott Sheffield shares important lessons learned in the oil patch with audience at Deloitte conference in Houston.
Russia's Rosneft To Sell 96M Tons Of Crude Oil To Petrovietnam
Friday, September 23, 2016 Rosneft signs a contract to supply 96 million tons of crude oil to PV Oil, an affiliate of state oil and gas PetroVietnam, starting next year.
Russian Finmin: No Revolutionary Changes To Oil, Gas Tax Regime
Friday, September 23, 2016 Russian Finance Minister Anton Siluanov says any changes in the oil and gas tax regime would not be "revolutionary" but energy taxes were to increase.
Saudis Offer Oil Cut For OPEC Deal If Iran Freezes Output
Friday, September 23, 2016 Saudi Arabia has offered to lower its own oil production if rival Iran agrees to cap its output this year, in a major compromise ahead of talks in Algeria next week.
Statoil To Improve Helicopter Safety Following Fatal Crash
Friday, September 23, 2016 Statoil has vowed to improve helicopter safety following the release of an investigation into a fatal helicopter crash which occurred on the NCS earlier this year.
Oil Firms Seen Spending More Next Year For First Time Since 2014
Friday, September 23, 2016 The oil industry may be ready to open its wallet after two years of slashing investments.
Accenture: Remote AU Workforces Must Connect with Technology
Thursday, September 22, 2016 Applying emerging technologies to operations will be important for Australia to overcome the remoteness of its LNG industry to remain globally competitive, Accenture says.
Lamprell Expects Challenging Environment to Continue Through 2017
Thursday, September 22, 2016 Middle East-based rig maker Lamprell plc expects the challenging environment, which is impacting the industry through project delays and cancellations, to continue through 2017.
Russia Says 'In Theory' It Can Cut Oil Output By 5%
Thursday, September 22, 2016 Russia can "in theory" reduce its oil output by 5%, Russian Deputy Energy Minister Kirill Molodtsov said on Thursday.
Analysts: OPEC Production Freeze Never Likely To Happen
Thursday, September 22, 2016 The Organization of Petroleum Exporting Countries (OPEC) will not impose a production freeze at a meeting next week, say oil and gas analysts at FirstEnergy Capital.
True Grit: Surging Sand Demand Could Boost Jobs in Oil, Gas
Thursday, September 22, 2016 With more sand used to produce more oil from a single well, demand is increasing and stands to bring jobs back to the oil patch.
ExxonMobil: Population, Economic Growth Driving Future Energy Demand
Wednesday, September 21, 2016 ExxonMobil's Rob Gardner says the world's energy demand will be driven primarily by population and economic growth.
BLOG: An Appalachian Spring?
Wednesday, September 21, 2016 A "very informal, very unscientific survey" suggests some optimism returning to Marcellus/Utica.
Still Significant Interest in Mature Area Exploration Within NCS
Wednesday, September 21, 2016 There is still significant interest in exploring mature areas within the Norwegian Continental Shelf, says the Norwegian Petroleum Directorate.
Thailand's Decom Sector Will Need Workers, Government Policy
Wednesday, September 21, 2016 With decommissioning assuming greater significance in Thailand as offshore infrastructure ages, the services industry prepares to cope with issues that may arise in the market.
OPEC Chief: Oil Market Stabilization Deal May Last One Year
Tuesday, September 20, 2016 A possible deal to support oil prices by the world's leading producer countries may last for one year, the secretary-general of OPEC says.
At $500 Million A Pop, It's An Oil Gamble That Has No Precedent
Tuesday, September 20, 2016 In a far corner of the Caribbean Sea, billions of dollars worth of the world's finest oil equipment bobs quietly in the water.
Norwegian Production Decreasing
Tuesday, September 20, 2016 Norwegian production is decreasing according to preliminary production figures from the Norwegian Petroleum Directorate.
Oil Prices Fall As Venezuela Says Market Is 10% Oversupplied
Tuesday, September 20, 2016 Oil prices fell on Tuesday after Venezuela said that global crude supplies needed to fall by 10% in order to bring production down to consumption levels.
OGA Releases Technology Strategy In Bid to Maximize UKCS Economic Recovery
Tuesday, September 20, 2016 The OGA releases its Technology Strategy Tuesday in a bid to maximize economic recovery from the UK Continental Shelf.
Thailand Looks Ahead: Gears Up for Oil, Gas Decommissioning Work
Tuesday, September 20, 2016 Work is slowly getting underway in Thailand to prepare the country for the decommissioning of ageing oil and gas infrastructure.
MEI: Oil Market Rebalance Will Take Another 6 Months
Monday, September 19, 2016 Data and analytics specialist McKinsey Energy Insights (MEI) forecasts that it will take more than 6 months for the oil markets to fully rebalance.
Kemp: Hedge Funds Scale Back Short Positions As Oil Steadies
Monday, September 19, 2016 Hedge funds scaled back some of their short positions in crude oil futures and options after prices failed to fall further, suggesting the market was running out of negative momentum.
Goldman Sachs: Big Oil Was Never That Big A Money-Maker
Monday, September 19, 2016 Oil companies longing for the glory days of ultra-high crude prices might wish to think again.
OPEC May Hold Formal Oil Talks If Members Agree in Algiers
Monday, September 19, 2016 OPEC may convene an extraordinary meeting if the group's ministers reach a consensus on oil markets at an informal gathering next week in Algiers, Secretary General Mohammed Barkindo says.
Tethys Increases Oil Production in Oman
Monday, September 19, 2016 Tethys Oil AB increases production from Blocks 3 and 4 onshore the Sultanate of Oman to 387,174 barrels of oil, or 12,489 barrels of oil per day, in August.
Andalas, Pertamina Team-Up Could See Huge Employment Spin-Off in Indonesia
Friday, September 16, 2016 Andalas Energy and Power plc's recently announced partnership with Pertamina could result in a huge employment spin-off in Indonesia, suggests Andalas CEO David Whitby.
What Oil, Gas Companies Want from IoT Startups
Friday, September 16, 2016 Industry officials discuss what oil and gas companies are looking for in terms of Internet of Things technologies.
Japan PM Adviser Says No Gov't Plan To Invest In Saudi Aramco
Friday, September 16, 2016 Japan's government has no plan to invest in state-run oil firm Saudi Aramco's planned initial public offering, an adviser to Japanese Prime Minister Shinzo Abe said on Friday.
Exxon's Accounting Practices Said to Be Reviewed by New York
Friday, September 16, 2016 New York Attorney General's probe into Exxon includes scrutiny of why it didn't write down the value of oil fields during a global collapse in prices that prompted billions in write-offs by rival drillers.
BLOG: Hollywood's Deepwater Horizon Focuses on People, Not Preaching
Friday, September 16, 2016 The Peter Berg Film based on the Deepwater Horizon incident stars Mark Wahlberg and Kate Hudson as a rig worker and his wife impacted by the rig explosion.
Global Oil Glut Set To Worsen As Nigeria, Libya Fields Restart
Thursday, September 15, 2016 Amid the most enduring global oil glut in decades, two OPEC crude producers whose supplies have been crushed by domestic conflicts are preparing to add hundreds of thousands of barrels to world markets within weeks.
Deloitte: End-to-End Automation Real Value of IIoT Technology
Thursday, September 15, 2016 Deloitte sees potential for Industrial Internet of Things technology to transform the oil and gas industry beyond equipment failure monitoring.
Offshore Drillers Brace for More Pain Even With Bottom in Sight
Thursday, September 15, 2016 Offshore oil-rig operators, grappling with the biggest industry downturn in a generation, say they finally have the bottom in sight.
Ophir Energy Prepares for 'Prudent' Exploration Drilling Campaign
Thursday, September 15, 2016 Ophir Energy plc is preparing to return to a considered, prudent pace of exploration drilling from late 2016 to take advantage of lower exploration costs, says the company's chief executive Nick Cooper.
Russell: Australia's Natgas Bans Risk Replicating Springsteen's Rust Belt
Thursday, September 15, 2016 When government policies are driven by populist politics, it is almost certain to lead to poor outcomes and a low standard of debate, as shown by the current conundrum in Australia's natural gas sector.
BLOG: What Happens to Oil, Gas If GOP Loses Congress?
Wednesday, September 14, 2016 Down-ballot voting in US presidential election between Hillary Clinton and Donald Trump could impact Congress' action on energy policy.
China Crude Buying Seen Buoyed As Output Drop Lures Imports
Wednesday, September 14, 2016 China's crude oil imports may rise further in the coming months as tumbling domestic output leaves refiners looking overseas for supplies, helping ease a persistent global glut.
Timing of $2B Anadarko-Freeport Deal Makes GOM Assets a Bargain
Wednesday, September 14, 2016 Morgan Stanley analysts say deepwater Gulf of Mexico assets that Anadarko bought in August could've been priced at a $5 billion valuation if the market had more time to recover.
Det Norske Increases Production Guidance for 2016
Wednesday, September 14, 2016 Norway-focused exploration and production company Det norske oljeselskap ASA increases its production guidance for 2016.
Scottish Oil, Gas Production Increases 21.4% YoY
Wednesday, September 14, 2016 Scottish oil and gas production increased by 21.4% this year, compared to 2014-15, according to official figures from the Scottish Government.
Kemp: Persistence Of Instability In The Oil Market
Wednesday, September 14, 2016 Volatility appears to be an intrinsic quality of oil markets rather than an incidental problem to be solved through improved forecasting, management and coordination.
Demand For Groningen Gas Will Fall 'Sharply' From 2020
Tuesday, September 13, 2016 Demand for gas from Groningen will "fall sharply from 2020" as production at the northern Dutch field is reduced.
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