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Kemp: Cheaper Gasoline Should Give Limited Boost to US Fuel Consumption
Friday, June 23, 2017 Gasoline consumption depends on the volume of traffic and the average fuel-economy of the cars on the road.

Big Oil Turns To Big Data To Save Big Money On Drilling
Friday, June 23, 2017 In today's U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth.

S.Korea's KOGAS To Receive First LNG Cargo Under Contract With US Exporter
Friday, June 23, 2017 Korea Gas Corp (KOGAS) will early next month receive its first liquefied natural gas (LNG) cargo under a long-term supply deal with U.S. exporter Cheniere Energy.

Mystique of Engineering Needs to be Removed
Friday, June 23, 2017 The 'mystique' of engineering needs to be removed by getting women engineers and more young male engineers to engage in schools more frequently.

French Energy Minister Confirms No New Permits for Exploration
Friday, June 23, 2017 The French energy minister Nicolas Hulot confirms that there will be no new permits for oil and gas exploration in the country.

Brexit Pledge 'Positive' for UK Oil, Gas Industry
Friday, June 23, 2017 The UK Prime Minister Theresa May's pledge that EU citizens currently living in the UK will be given the right to remain in the country after Brexit is positive news.

UK Wants To Revive Gas Extraction In Oldest Part Of North Sea Oil Basin
Thursday, June 22, 2017 Britain wants oil and gas drillers to recover pockets of gas that are more difficult to reach in a part of the North Sea.

Softer UK Immigration Stance Welcomed by Industry
Thursday, June 22, 2017 A 'softer' stance on immigration in the UK will be welcomed by the oil and gas industry, according to Peter Searle, CEO of Airswift.

Rig Trends: Offshore Rig Market Recovery Reports Premature
Thursday, June 22, 2017 For quite some time now, many oilfield analysts have reported the beginning of a recovery in offshore rig demand.

Price Drop Marks 'Concerning Time' for Producers
Thursday, June 22, 2017 The drop in oil prices recently marks a concerning time for a lot of producers, Michael Burns, an oil and gas partner at law firm Ashurst told Rigzone.

Protest-Hit Ethiopia Region Plans Oil Company To Calm Unrest
Wednesday, June 21, 2017 A central Ethiopian region that's seen almost two years of sporadic anti-government protests is planning a new private oil company and is in talks to import Middle Eastern crude.

Are Oil, Gas Workers Happy With Their Current Jobs?
Wednesday, June 21, 2017 A Rigzone poll on social media platform Twitter reveals worker happiness rates.

Oil Firms Could Waste Trillions If Climate Targets Reached
Wednesday, June 21, 2017 Energy giants including ExxonMobil and Shell risk wasting more than a third of their budgets on projects that will not be needed if climate targets are to be met.

Fuel Oil Margins Rise To 5-Year High, Potential Boon For Simple Refiners
Wednesday, June 21, 2017 Fuel oil profit margins have surged to their highest in more than five years on lower supplies and rising demand from electric power generators.

Norwegian Production Declining
Wednesday, June 21, 2017 Norwegian production is decreasing, according to preliminary output figures released by the Norwegian Petroleum Directorate.

Faroe Islands Looks To Restart Hunt For Oil And Gas
Wednesday, June 21, 2017 Oil companies are interested in restarting the hunt for oil and gas in the scarcely explored seas off the Faroe Islands.

Kemp: Saudi Arabia Eases Austerity Just As Oil Prices Decline
Wednesday, June 21, 2017 Saudi Arabia's decision to reverse some of last year's austerity measures coincides with a renewed decline in oil prices and complicates the financial and economic outlook.

Cenovus To Replace CEO, Plans Asset Sales After Unpopular Deal
Tuesday, June 20, 2017 Cenovus Energy says it would replace Chief Executive Brian Ferguson, who championed an unpopular purchase.

Britain's Reliance On Imported Gas To Jump As Giant Storage Site Axed
Tuesday, June 20, 2017 Britain is set to lose its largest natural gas storage site, increasing the country's reliance on imported energy, after Centrica said it would close its ageing Rough facility.

Canada Oil, Gas Assets Beat US in Clash for Foreign Cash
Tuesday, June 20, 2017 As energy mergers and acquisitions activity in North America heats up, Canada's attitude toward foreign investors welcomes cash from China, other nations.

BLOG: Day Of Reckoning in 2018? US Rig Count Poised For Loss
Tuesday, June 20, 2017 E&Ps' continued austerity, coupled with swelling oilfield service costs, will choke off the US rig count surge and bring down as many as 100 rigs by the end of 2017, analysts at Barclays say.

Shell Nigeria Considering Investment In Gas Project In Niger Delta
Tuesday, June 20, 2017 Shell is considering whether to invest in a gas project in Nigeria's southern Niger Delta energy hub.

Alaska Field Hits 40 Years of Production
Tuesday, June 20, 2017 The BP-operated Prudhoe Bay oil field in Alaska reaches 40 years of production, generating more than 12.5 billion barrels of oil in the process.

Mexico Oil Sector Accidents Raise Doubts About Deep Water Exploration
Monday, June 19, 2017 As Mexico opens its energy market to more private investment, the country's drive to exploit untapped deepwater oil riches has raised safety concerns.

China's 2017 Crude Oil Quotas Exceed Last Year's, Teapots Take A Cut
Monday, June 19, 2017 China last week issued a second batch of crude oil import quotas under the so-called "non-state trade" that is higher than for all of the allowances in 2016.

A Newcomer's Guide to Oil and Gas: The Upstream Zoo
Monday, June 19, 2017 Here's a breakdown of some of the 'critters' you can find on a drilling rig.

Libya's Oil Output Rises To 885,000 Bpd Following Wintershall Deal
Monday, June 19, 2017 Libya's oil production has risen by over 50,000 barrels per day (bpd) to 885,000 bpd after the state oil firm settled a dispute with Germany's Wintershall.

Oil Tankers Store Most Oil This Year as Glut Won't Die
Monday, June 19, 2017 Oil traders are resorting to storing more and more oil at sea amid swelling output in the Atlantic region.

Woodmac: Only the 'Very Best' Projects Sanctioned
Monday, June 19, 2017 Only the very best deepwater projects have been sanctioned during the oil price downturn, which speaks volumes of the Liza field's potential.

Funds Pull Back From Permian As US Shale Oil Firms Go Into Overdrive
Friday, June 16, 2017 Cash, people and equipment are pouring into the prolific Permian shale basin in Texas as business booms in the largest US oilfield.

India's 2017 Diesel Imports May Rise To Highest Since At Least 2011
Friday, June 16, 2017 India's diesel imports this year may rise to the highest since at least 2011.

Mercuria, Petrochina Selling Fuel Oil Stored Offshore Singapore, Malaysia
Friday, June 16, 2017 Mercuria and Chinese state oil giant PetroChina are selling fuel oil stored in vessels off Singapore and southern Malaysia, several trade sources say.

Commodity Weekly: OPEC Cuts not Cutting It
Friday, June 16, 2017 The fall in oil prices over the past week is indicative of the consensus view that the coordinated output cut among OPEC and non-OPEC is inadequate.

Scotland's Oil Skills, Experience In Demand Across Globe
Friday, June 16, 2017 There was continued strong demand across the globe for Scotland's oil skills, experience and expertise during 2015/16.

Drax Says May Convert Coal Units To Run On Gas
Thursday, June 15, 2017 British power producer Drax is assessing whether to convert its remaining coal-fired power units to run on gas.

Germany, Austria Tell US Not to Interfere in EU Energy
Thursday, June 15, 2017 Germany and Austria condemn a proposed expansion of US sanctions on Russia.

India's Oil Imports From Iran Plunge Over Gas Field Row
Thursday, June 15, 2017 India's oil imports from Iran have fallen to their lowest since June 2016.

Natural Gas Is King of America's Power Mix, for Now
Thursday, June 15, 2017 Natural gas is the king of the US power market - but that may not last.

Norway Holds 'Significant Remaining Resources'
Thursday, June 15, 2017 Norway's 'significant remaining resources' can create value for the Norwegian society for many decades to come, according to the Norwegian Petroleum Directorate's new report.

Production Efficiency on UKCS Rises Again
Thursday, June 15, 2017 Production efficiency on the UK Continental Shelf (UKCS) rises for a 4th consecutive year to 73%.

Scottish Unemployment Figures Change Amid Growing Sector Confidence
Thursday, June 15, 2017 Scotland's unemployment fell to its lowest rate since the recession over the last quarter.

Oil Guru Who Foresaw Crash Says OPEC Should Have Cut Deeper
Thursday, June 15, 2017 The oil guru who predicted the market rout in 2014 said OPEC and its allies should have gone much further when they extended their supply deal last month.

Abu Dhabi's Dana Gas Gets Injunction Blocking Claims On $700 MM Sukuk
Wednesday, June 14, 2017 Dana Gas obtains an injunction in a United Arab Emirates court blocking claims for payments on its $700 million of outstanding sukuk.

Shale Drillers Digging Themselves a Hole as Oil Breaches $45
Wednesday, June 14, 2017 Drillers are suddenly contemplating the possibility of retrenchment as a stubborn global supply glut is keeping prices near $46.

Global Oil Consumption Rate Grows
Wednesday, June 14, 2017 Global oil consumption grew above the 10-year average rate for a second consecutive year in 2016.

Iraq Is New Oil King, Beats Saudis in Fastest Growing Market
Wednesday, June 14, 2017 Iraq is gaining the edge over Saudi Arabia in the world's fastest-growing oil consumer amid an intensifying race among producers to retain their most-prized markets.

Malaysia's Petronas Set To Auction Kimanis Crude On Dubai Exchange
Wednesday, June 14, 2017 Malaysia's Petronas is set to auction one of its crude grades on the Dubai Mercantile Exchange, according to sources familiar with the matter.

EIA: US Crude Stockpiles Dip, Gasoline Builds Unexpectedly
Wednesday, June 14, 2017 US crude oil inventories fell last week, but an unexpected build in gasoline stocks and weak demand for the motor fuel offset market optimism over the crude drawdown, the EIA says.

The Lonely Drifting Oil Tanker That Signals OPEC's Struggle
Tuesday, June 13, 2017 Across the world, the plight of the Saiq, now idling off the coast of Mauritania, reflects a broader trend in the physical oil market.

Abu Dhabi's Dana Gas Seeks Restructuring Of 'Unlawful' $700 MM Sukuk
Tuesday, June 13, 2017 Abu Dhabi's Dana Gas said it would propose restructuring $700 million of outstanding Islamic bonds to a committee of holders of the sukuk, which it said was not sharia-compliant.

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