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Oil Edges Up As China,US Set Trade Talks But Markets Wary Of Slowing Demand
Thursday, August 16, 2018 Oil prices on Thursday clawed back some of the previous day's losses.
Workers To Strike At Three Total North Sea Oil And Gas Platforms On Aug. 20
Thursday, August 16, 2018 Workers at three of Total's North Sea oil and gas platforms will go ahead with a 24-hour strike on Monday despite holding talks with the company.
BLOG: The Job of Keeping Offshore Workers Well-Fed Never Ends
Thursday, August 16, 2018 Find out what goes into keeping an offshore facility's galley operating 24/7.
Crude Oil Settles Near Intraday High
Thursday, August 16, 2018 The September WTI oil futures prices ended Thursday's session six cents shy of the intraday high.
US Safety Board Links Plugged Drill Pipe To Oklahoma Well Fire
Thursday, August 16, 2018 There were signs that a natural gas well was not fully sealed before it exploded in January, killing five workers, the US Chemical Safety Board says.
Billionaires Throw Weight Behind Oil Rally
Wednesday, August 15, 2018 The recovery in the oil industry is attracting some of the most recognized billionaires in money management.
Union, Total to Hold Discussions Thursday
Wednesday, August 15, 2018 UK union Unite will hold discussions with Total on August 16 to try and reach a resolution to a dispute which has seen Unite carry out strikes on the Alwyn, Dunbar and Elgin rigs in the North Sea.
Analysts: Oil Price Rise to Drive Up Drilling Globally
Wednesday, August 15, 2018 The rise in oil prices will continue to drive up drilling activity globally over the second half of the year and 2019, according to oil and gas analysts at Fitch Solutions Macro Research.
Focus On: Commodity Prices
Diamondback's Energen Acquisition Will Create Synergies in Permian
Wednesday, August 15, 2018 Diamondback's purchase of rival Energen signifies a move toward consolidation, according to Rystad Energy.
Exec: Upstream Culture Looking More Downstream
Wednesday, August 15, 2018 Pressure to drive down breakeven cost contributes to upstream culture shift.
Oil Tumbles on Surprise Build in US Crude Inventories
Wednesday, August 15, 2018 Oil futures slide, with U.S. crude settling 3 percent lower after government data showed a surprise weekly increase in domestic crude stockpiles, compounding worries about the global economic growth outlook.
Global Upstream Project Delivery 'Finally Hitting the Mark'
Tuesday, August 14, 2018 Global upstream project delivery is 'finally hitting the mark', according to Wood Mackenzie.
Unite Members Accept New Aker Mariner Offer
Tuesday, August 14, 2018 UK union Unite confirms that members working for Aker Solutions on the Statoil Mariner oil platform have accepted an improved pay offer.
After Billions in Blowouts, Mega Oil and Gas Projects Are Back
Tuesday, August 14, 2018 Investors are about to find out whether the world's largest oil companies have learned their lesson from $80B of cost blowouts in major projects during the era of $100 crude.
Hardcore Hedge Fund Bulls Say Iran Sanctions May See Oil At $150
Tuesday, August 14, 2018 Some of the world's most prominent energy investors are convinced the price will return to record highs.
Diamondback To Buy Energen In $9.2B Deal To Boost Permain Presence
Tuesday, August 14, 2018 Diamondback Energy says it will buy Energen Corp in an all-stock deal valued at $9.2 billion.
Dollar, Lira and Kingpin Weigh on Tuesday's Trading
Tuesday, August 14, 2018 A stronger US Dollar and a weakening Turkish lira factored into the oil market's performance on Tuesday.
Russia, Iran, And 3 Others Agree Caspian Status, But Not Borders
Monday, August 13, 2018 Iran and 4 ex-Soviet nations, including Russia, agree in principle how to divide up the potentially huge oil and gas resources of the Caspian Sea.
U.S.-Iran Sanctions Give China Lead in Globe's Top Gas Field
Monday, August 13, 2018 CNPC is expected to take the lead on a $5 billion project to develop Iran's share of the world's biggest gas deposit.
Unite Carries Out 12-Hour North Sea Strike
Monday, August 13, 2018 UK union Unite is carrying out a 12-hour strike on the Alwyn, Dunbar and Elgin platforms in the North Sea today, a union spokesperson has confirmed.
Oil Drops on Strong Dollar, Turbulence in Turkey
Monday, August 13, 2018 Oil drops as economic turbulence in Turkey and the strengthening greenback heightens concerns about global oil demand.
Signing of Convention on Legal Status of Caspian Sea a 'Landmark Event'
Friday, August 10, 2018 The signing of a convention on the legal status of the Caspian Sea is a 'landmark event' for Iran, Azerbaijan, Russia, Kazakhstan and Turkmenistan, says Verisk Maplecroft's Camilla Hagelund.
Take a Virtual Field Trip to An Offshore Platform
Friday, August 10, 2018 A Google Street View depiction of the Alpha platform's helideck. SOURCE: Neptune Energy
Baker Hughes: US Drillers Add Most Oil Rigs Since May
Friday, August 10, 2018 US energy companies this week added the most oil rigs since May as drillers follow though on plans to spend more on exploration and production.
Gulf Of Mexico Oil Lease Auction To Test Response To Trump-Era Regulations
Friday, August 10, 2018 A federal auction of exploration leases in the Gulf of Mexico next week will test energy companies' appetite for acreage.
Oil Up On Iran Sanctions But Set For Weekly Decline
Friday, August 10, 2018 Crude oil prices rose more than 1% as US sanctions against Iran looked set to tighten supply.
Scottish Government Announces Decommissioning Fund Boost
Thursday, August 09, 2018 An additional $6.4 million has been made available to the supply chain in Scotland 'to help maximize the economic benefit from the decommissioning of North Sea infrastructure'.
BLOG: The Good Deeds of Oil, Gas
Thursday, August 09, 2018 Rigzone celebrates some recent good deeds of oil, gas companies.
After Wednesday's Wild Ride, Crude Oil Stabilizes
Thursday, August 09, 2018 A day after hitting a nearly seven-week nadir, crude oil futures regained traction on Thursday but still ended the day lower.
OPEC Plus or OPEC Minus?
Wednesday, August 08, 2018 Since late 2016, the Organization of Petroleum Exporting Countries and other nations, including Russia, Kazakhstan and Mexico, have managed the oil market, giving birth to a group popularly known as OPEC+.
Analysts: Venezuela's Oil Sector Continues to Unravel
Wednesday, August 08, 2018 Venezuela's oil sector 'continues to unravel', according to oil and gas analysts at Fitch Solutions Macro Research.
Shanghai Crude Benchmark: 'Eccentric Outlier' Rather Than Contender?
Wednesday, August 08, 2018 The crude futures contract that China launched with ambitions to challenge U.S. and European benchmarks is proving to be an eccentric outlier rather than a legitimate rival.
Crude Tumbles to Lowest Point in Nearly Seven Weeks
Wednesday, August 08, 2018 Crude tumbled to a nearly seven-week low as the escalating trade dispute between the world's biggest economies overshadowed a decline in U.S. crude stockpiles.
Five Ways to Age-Proof Your Resume
Wednesday, August 08, 2018 You have the power to divert a recruiter's attention.
WoodMac Sees 'Loosening' of Oil Market Towards Year-End
Tuesday, August 07, 2018 Wood Mackenzie sees a 'loosening' of the oil market towards the end of the year, Sushant Gupta, a director at the research and consultancy business, reveals in an interview with CNBC on Tuesday.
Phase II of 'Prolific' UKCS Field Receives Full Sanction to Move Forward
Tuesday, August 07, 2018 The Buzzard Phase II project has received full sanction to move forward.
Silvertip Subsea Contract Goes to McDermott
Tuesday, August 07, 2018 Silvertip is one of three fields – the others being Great White and Tobago – in Shell's Perdido development.
Shell Looks to Gas in Nigeria After Decades of Oil Struggles
Tuesday, August 07, 2018 After decades of difficulties in Nigeria over crude theft, pollution and oil-related corruption, Royal Dutch Shell Plc still feels optimistic a fossil fuel can improve life in the country.
WTI, Brent Edge Upward on Sanctions Rumblings
Tuesday, August 07, 2018 The WTI for September posted a 16-cent gain Tuesday.
Pioneer Natural Resources Profit Hurt By Higher Costs, Hedging Loss
Tuesday, August 07, 2018 Pioneer Natural Resources Co posted lower-than-expected quarterly profit due to higher spending and a hedging loss of $358 million that kept the U.S. shale oil producer from fully benefiting from higher crude oil prices.
Continental Resources Raises 2018 Production, Spending Outlook
Tuesday, August 07, 2018 Shale oil producer Continental Resources raised its 2018 production outlook, citing improved performance in North Dakota and operational efficiencies, as well as increased drilling activity in Oklahoma.
Iran's Oil-Market Realities: How Buyers Are Positioning for Sanctions
Monday, August 06, 2018 In 3 months' time, U.S. sanctions on Iran are due to enter into force that could drive the Persian Gulf nation's exports down toward zero and upend the global oil market.
Unite Carries Out Strike in North Sea
Monday, August 06, 2018 UK union Unite is carrying out a strike on the Alwyn, Dunbar and Elgin platforms in the North Sea today, a union spokesperson confirms.
Fatal Helicopter Crash Occurs at Vankor
Monday, August 06, 2018 A fatal helicopter crash has occurred in the area of Vankor airfield, the Interstate Aviation Committee (IAC) has announced.
3D Printers Poised to Shrink Distance Between Wellsite, Spare Parts
Monday, August 06, 2018 AdditiveNow is developing printing technology to make additive manufacturing more practical and affordable for oil and gas operations.
Saudi Arabia Crude Flows to U.S. Surge While Venezuela Output Declines
Monday, August 06, 2018 The world's largest oil exporter loaded 1 million barrels a day onto tankers bound for the U.S. in July. That's a 36 percent jump from June and the single biggest monthly flow to the U.S. since April 2017.
Stena Getting Offshore Rigs Back to Work with Simulators
Monday, August 06, 2018 The Stena Don semi-submersible. SOURCE: Stena Drilling
Oil Rises After OPEC Sources Say Saudi Crude Output Fell
Monday, August 06, 2018 Oil futures gained after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about global oil supplies as the United States prepares to reinstate sanctions against major exporter Iran.
How to be a Good Manager in Oil, Gas
Friday, August 03, 2018 Rigzone talks to several oil and gas experts to find out what makes a good manager in the industry.
China Rejects U.S. Request to Cut Iranian Oil Imports
Friday, August 03, 2018 The U.S. has been unable to persuade China to cut Iranian oil imports, according to 2 officials familiar with the negotiations.
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