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Oil Turns Lower After Bigger-than-forecast US Crude Build
Wednesday, May 04, 2016 A bigger-than-expected build in US crude inventories to fresh record highs pushes oil markets lower after an early rally over concerns about production cuts in Canada's oil sands region due to a wildfire.
Why This Year's Oil Rally Might Be For Real
Wednesday, May 04, 2016 At first blush, the rally in oil to start 2016 bears some resemblance to the rally at the start of last year, which ultimately ended in tears.
OTC 2016: Deepwater Projects Delayed as Low Oil Prices Linger
Wednesday, May 04, 2016 E&P companies will continue to delay new deepwater projects in favor of less costly options as low oil prices linger.
Devon Ready to Boost Drilling, Spending If Oil Prices Keep Climbing
Wednesday, May 04, 2016 Devon Energy will ramp up drilling and spending if oil prices continue to recover, executives said on Wednesday, joining a growing list of companies expecting an increase in activity as the commodity price picture improves.
Five Jobs Set to Grow in Oil, Gas: Remote Vehicle Inspection
Wednesday, May 04, 2016 In the latest installment in our series examining potential areas of growth within oil and gas where employment could take off, we take a look at job opportunities presented by ROV and UAV inspection.
How to Wow Your Boss in the First 90 Days
Wednesday, May 04, 2016 New employees can take proactive steps to ensure they are successful in their first 90 days on the job.
Energy Transfer Rejects Williams' Proposals to Resolve Tax Issues
Wednesday, May 04, 2016 Pipeline company Energy Transfer Equity rejects two possible solutions that rival Williams Cos hoped would resolve tax issues that Energy Transfer believed threatened their $17 billion tie-up.
Obama to Meet Canada's Trudeau, Mexico's Pena Nieto June 29 in Ottawa
Wednesday, May 04, 2016 President Barack Obama will meet with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto in Ottawa for the North American Leaders' Summit on June 29, the White House said on Wednesday.
Noble Energy May Lift US Shale Spend if Oil Breaches $50 Per Barrel
Wednesday, May 04, 2016 US oil and gas producer Noble Energy says it expects to spend less than the $1.5 billion it had budgeted for the year, but would consider spending more on US shale assets if crude oil prices moved and stayed above $50 per barrel.
Technology Investment Remains Key for Industry Efficiency
Wednesday, May 04, 2016 While not a focus in the current market, emerging technologies could be a tool for enabling industry recovery.
Halliburton Aims to Boost Weak Businesses after Failed Baker Hughes Deal
Tuesday, May 03, 2016 Halliburton says it will consider acquisitions to bolster its weaker businesses as the oilfield services company looks to move on after a deal to buy smaller rival Baker Hughes fell through.
OTC 2016 Slideshow Features An Offering for Everyone
Tuesday, May 03, 2016 Day Two of the international gathering of the world's most serious offshore drilling players did not disappoint as the hall of the NRG Center was filled to the brim with enthusiasts.
OTC 2016: Getting Ahead By Turning Relationships into Sponsorships
Tuesday, May 03, 2016 An Offshore Technology Conference panel identifies the importance of sponsorship in today's oil and gas industry.
Oil Price Increase Appears Stable
Tuesday, May 03, 2016 An increase in oil prices is looking 'increasingly certain' says Colin Welsh, head of international energy investment banking at Simmons & Company International.
Five Jobs Set to Grow in Oil, Gas: Cybersecurity
Tuesday, May 03, 2016 After our first article on new employment opportunities being created by the upstream industry's increasing use of the Internet of Things and Big Data, this second article takes a look at cybersecurity.
Oil Down 2nd Straight Day, Rising Output Reignites Glut Worry
Tuesday, May 03, 2016 Oil prices fall for a second day, retreating further from the year's highs hit last week, as rising output renewed worries about the global glut of crude, the US dollar rebounded and equity markets weakened.
OTC 2016: An Industrial-scale Weapon Against Mosquito-borne Illnesses
Tuesday, May 03, 2016 Pesticide-treated fabric repels mosquitoes with burning sensation.
Proserv Awarded UKCS Services Contract by Apache
Tuesday, May 03, 2016 Proserv secures a multi-million dollar contract from Apache Corporation for work on the UK Continental Shelf.
Pathways to Good-Paying Careers in the Downstream - At No Cost to You
Tuesday, May 03, 2016 Recipient of major downstream contracts Fluor trains recent grads and career changers at new US Gulf Coast craft training center.
What Are The Top 5 Freebies at OTC?
Tuesday, May 03, 2016 Rigzone takes a look at the best swag offered at OTC 2016.
Baker Hughes to Buy Back Stock, Debt After Halliburton Deal Fails
Monday, May 02, 2016 Baker Hughes said it planned to buy back $1.5 billion of shares and $1 billion of debt, using the breakup fee it will receive following the collapse of its proposed buyout by fellow oilfield services provider Halliburton.
How Can Feds Help Oil, Gas Industry? Stay Out Of It, Insiders Say
Monday, May 02, 2016 From industry consultants to business owners, US oil and gas leaders say a deluge of government regulation and intrusion makes the downturn more challenging.
'Unfixable' Halliburton Bid Felled by Global Scrutiny
Monday, May 02, 2016 Halliburton's "unfixable" plan to merge with Baker Hughes finally collapsed under the weight of worldwide antitrust opposition.
OTC 2016 Video: Airswift COO on Jobs Outlook for Oil, Gas
Monday, May 02, 2016 Janette Marx, chief operating officer of oil and gas recruitment agency Airswift, talks to Rigzone about the prospects for workers in the upstream and in wider energy sector.
Midstates Petroleum, Ultra File for Bankruptcy Amid Weak Oil Price
Monday, May 02, 2016 Midstates Petroleum and Ultra Petroleum file for Chapter 11 bankruptcy protection, joining several companies that have been unable to meet debt obligations after a steep decline in energy prices.
Graduate Recruitment Slows, but Still Present in Oil, Gas
Monday, May 02, 2016 Oil and gas companies adjust their graduate recruitment strategies to deal with the industry downturn.
Oil Down 3% on OPEC Output Hike, Speculative Ramp-up in Brent
Monday, May 02, 2016 Oil prices fall about 3 percent as production from OPEC neared all-time peaks and record speculative buying in global benchmark Brent sparked profit-taking on last month's outsized rally.
OTC 2016 Video: Employment Trends Show Resilience in Oil, Gas Sector
Monday, May 02, 2016 Petroplan's US regional Director Huw Rothwell discusses employment trends and opportunities in North America's oil and gas sector.
OTC 2016 Video: Sponsors Offer A Gateway to Career Advancement
Monday, May 02, 2016 Pink Petro CEO opens up about sponsorship during the Offshore Technology Conference in Houston.
Five Jobs Set to Grow in Oil, Gas
Monday, May 02, 2016 Rigzone takes a look at five potential areas of growth where employment could take off.
OTC 2016 Slideshow: Check Out Day One
Monday, May 02, 2016 Rigzone walks the floor of OTC 2016 and features the world's largest offshore gathering in pictures.
OTC 2016: Efficient Application Key for Subsea Separation Future
Monday, May 02, 2016 The obstacles facing adoption of subsea separation technology have been overcome. Now, industry must focus on efficient application of existing technologies.
OTC 2016: BP Says Oil Price Not Lower Forever
Monday, May 02, 2016 The oil price will not stay lower forever, says BP's Upstream Chief Executive Bernard Looney.
US Supreme Court rejects appeal in shareholder suit against BP
Monday, May 02, 2016 The US Supreme Court declines a request from shareholders seeking to revive their class action lawsuit against BP claiming the British oil company misrepresented its safety procedures prior to the 2010 Gulf of Mexico oil spill.
GE Focuses on Digital Technology amid Downturn
Friday, April 29, 2016 GE Oil & Gas continues technology investment through downturn, with a focus on digital technology for offshore operations.
Five Things to Do at OTC 2016
Friday, April 29, 2016 From planning your next career move to planning your next vacation, OTC's not your typical conference.
ConocoPhillips Tables Asset Sales As Rout Worsens Buyer's Market
Friday, April 29, 2016 ConocoPhillips is pulling some of its assets off the market as a prolonged industry downturn makes it harder to get the desired prices.
ExxonMobil Profit Beats Expectations On Big Cost Cuts
Friday, April 29, 2016 ExxonMobil reports a higher-than-expected 1Q profit as it slashes costs to offset plunging crude prices and weak refining margins.
UPDATE: Western Pennsylvania Natgas Pipeline Explodes, Injuring One
Friday, April 29, 2016 A natural gas pipeline outside Pittsburgh exploded on Friday, setting off a fire that destroyed a home, injuring one person inside it and forcing the evacuation of nearby residents, state and local officials said.
Polls: Most Oil, Gas Pros Believe they Can Enjoy Long Career
Friday, April 29, 2016 In a series of Twitter polls, Rigzone finds that oil and gas professionals are hopeful they can enjoy a career in oil and gas despite many having considered leaving the industry recently.
Oil Ends Steady Near $50; Best Monthly Gain in Brent in 7 years
Friday, April 29, 2016 Oil prices ended steady on Friday after hitting 2016 highs but finished April trading about 20 percent higher, with Brent crude having its best monthly gain in seven years.
COLUMN: Technology is the Key to a Sustainable Oil, Gas Industry
Friday, April 29, 2016 Rigzone Editor-in-Chief Jon Mainwaring mulls the wisdom of Norway's energy leaders ahead of this year's Offshore Technology Conference in Houston.
EY Survey: Work Still Needed in Oil, Gas Workforce's Gender Diversity
Friday, April 29, 2016 Though progress has been made in the oil and gas industry's gender diversity issue, a recent EY survey reveals opportunities for improvement.
OTC 2016: Want to Drink Like A Local? Rigzone Sets The Bar(s)
Friday, April 29, 2016 To help our out-of-town OTC friends navigate Houston's lively night life, Rigzone's bar-hoppers put their heads together to compile a list just for you.
OTC 2016: Get To Know Houston Like An Insider
Friday, April 29, 2016 With thousands of visitors descending on Houston for the Offshore Technology Conference, Rigzone offers up a listing of some activities that show off the city's other assets.
Oil, Gas Companies Interested in Technology Offering Quick Return
Thursday, April 28, 2016 A telematics company is seeing early interest its tracking technology set to debut at the Offshore Technology Conference.
Study: Fracking Effects on Water Not Systematic
Thursday, April 28, 2016 A recent study finds that potentially hazardous effects of shale exploration and production on groundwater are not systematic.
BSEE Tests Technology for Oil Spill Exercise in Arctic
Thursday, April 28, 2016 BSEE tests technology to locate oil spills as it participates for first time in oil spill exercise run by US Navy.
Kemp: Rising Oil Prices Throw Lifeline to Shale Producers
Thursday, April 28, 2016 Brent prices for 2017 ended trading above $50 per barrel on Wednesday for the first time since mid-December following the largest and most sustained rally in prices since the oil slump started.
Weir Sees 70% Of North American Fracking Fleet Idle
Thursday, April 28, 2016 Oil equipment maker Weir Group reports a 47% fall in 1Q oil and gas orders and estimates that 70% of North America's fracking fleet is currently idle as low crude prices slow investment in the sector.
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