Rule Change Cuts Demand for Canadian Oil
Tuesday August 14, 2018 - Canadian heavy oil producers are facing a new barrier to marketing their crude.
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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.
Rule Change Cuts Demand for Canadian Oil
Tuesday, August 14, 2018 Canadian heavy oil producers are facing a new barrier to marketing their crude.
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.
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.
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.
Saudi Cuts Oil Output As OPEC Points To 2019 Surplus
Monday, August 13, 2018 OPEC forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production.
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.
Europe Getting Serious About Buying US LNG
Friday, August 10, 2018 European nations are far behind Mexico and China when it comes to receiving liquefied natural gas from the US, but the region is making its biggest effort to date to change that.
Global O&G Pipeline Sector 'to Benefit from Growing Energy Demand'
Friday, August 10, 2018 The global oil and gas pipeline sector will continue to benefit from growing demand for energy, according to oil and gas analysts at Fitch Solutions Macro Research.
Cenovus Agrees to Sell Pipestone Business for $625M
Friday, August 10, 2018 Cenovus Energy enters into an agreement to sell the general partnership that holds the Pipestone and Wembley natural gas and liquids business in northwestern Alberta.
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.
At Iran's Risk, Trump Is Winning Over Fastest Growing Oil Market
Thursday, August 09, 2018 One of Iran's biggest oil customers is buying more US crude.
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+.
Value of Canada M&A Deals Slumps Amid Oil Rally
Wednesday, August 08, 2018 Investors have been pushing Canadian energy companies to merge so they can cut costs and combine resources. That isn't going so well this year.
Canada's Govt May Need to Pay More to Expand Trans Mountain
Wednesday, August 08, 2018 Kinder Morgan Canada said the Trans Mountain oil pipeline expansion will cost 26 percent more than estimated and take a year longer to complete.
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.
Sources: Saudi Aramco, Malaysia's Petronas Tap Banks for Jumbo Financing
Tuesday, August 07, 2018 Saudi Aramco and Petronas have approached banks to replace a short-term $8 billion loan raised earlier this year for a joint venture with long-term financing of approximately the same size.
Canada's Takeover of Trans Mountain Pipeline to Close in Late 2018 -Proxy
Tuesday, August 07, 2018 Kinder Morgan Canada now expects a takeover of its Trans Mountain crude oil pipeline to close in late 2018.
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.
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
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.
Enbridge Completes 40 Pct of Line 3 Work, Tops Profit Estimates
Friday, August 03, 2018 Enbridge Inc said on Friday it had completed 40 percent of replacement work on its massive Line 3 pipeline and reported a better-than-expected quarterly profit by reining in costs.
Canada's Top Heavy Oil Producer Eyes Lighter Crude
Friday, August 03, 2018 Canadian heavy oil is the weakest in almost five years.
Canada Crude Differential Seen Staying High As Refiners Take Downtime
Friday, August 03, 2018 The discount on Canada's heavy crude, which reached a nearly five-year high this week, looks to remain elevated.
OPEC Oil Output Climbs as Saudi Arabia Pumps Near Record
Thursday, August 02, 2018 OPEC's crude output increased last month as Saudi Arabia pumped near-record volumes.
Canadian Natural's Production Miss Clouds Profit Beat
Thursday, August 02, 2018 Canadian Natural Resources reports quarterly production that fell short of its own estimates.
Timing Differences Impact Oil Price Psychology
Thursday, August 02, 2018 Oil prices are sensitive to changes in the outlook for market balance.
TransCanada Sees Robust Oil Shipper Interest In Keystone XL
Thursday, August 02, 2018 TransCanada is seeing strong interest from oil shippers in locking up the remaining space on Keystone XL.
Crude Oil Rallies on Reported Cushing Drawdown
Thursday, August 02, 2018 'The news event was storage at Cushing,' Bob Yawger, director of the Futures Division with Mizhuo Americas, told Rigzone.
Big Oil's Winners and Losers Emerge
Wednesday, August 01, 2018 Crude prices rose to 3-year highs, operating costs were down and profit was growing by double or triple digits, but investors still found plenty to complain about in Big Oil's 2Q earnings.
Oil Falls 2% On Rising Supply, Concern About Trade Tensions
Wednesday, August 01, 2018 Oil prices fell about 2% as a surprise increase in US crude stockpiles fed concerns about global oversupply.
BP Confidently Pursues Growth
Tuesday, July 31, 2018 BP plc churned out more profit than expected in the second quarter.
Report Outlines Global Oil Demand, Production, Reserves Figures
Tuesday, July 31, 2018 Global oil demand grew by 1.7% in 2017, according to a new report released by Eni.
Which Soft Skills Are Most Important for Oil, Gas Professionals?
Tuesday, July 31, 2018 Oil, gas recruiters highlight the most important soft skills for the sector.
WTI Cracks $70 but Falters
Tuesday, July 31, 2018 Analyst contends oil markets 'are just correcting a bit.'
Reuters Survey: OPEC July Oil Output Hits 2018 Peak, But Outages Weigh
Monday, July 30, 2018 OPEC oil output has risen this month to a 2018 high as Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group, a Reuters survey found.
Oil Rises On Tight Supply Outlook
Monday, July 30, 2018 Oil prices rose, with US crude futures jumping more than 2%.
Saudi Aramco Weighing Global Bond Sale for First Time
Friday, July 27, 2018 If Aramco goes ahead with an international bond, the sale would force it to disclose its accounts to investors for the 1st time since nationalization 4 decades ago.
Global Discovered Resources Increase by 30%, Led by Guyana
Friday, July 27, 2018 Rystad Energy believes this sets the stage for an exciting recovery.
Oil Prices Fall With Stock Market; Brent Marks Weekly Gain
Friday, July 27, 2018 Oil prices fell, weighed down by a drop in the US equities market.
Results Roundup: Shell Launches $25B Share Buyback Program
Thursday, July 26, 2018 Total, Repsol and Shell report their latest financial results.
Cenovus To Hold Back Oil Output On Pipeline Woes, Suncor Weighs Hit
Thursday, July 26, 2018 Cenovus Energy says it would hold back on future oil production until pipeline bottlenecks have eased.
Crude Gets Lift from VLCC, Drone Attack Reports
Thursday, July 26, 2018 A pair of actions, one actual and another suspect, by Yemeni rebels helped to lift crude oil benchmark prices.
Majors 'On Pace' to Approve $37B+ in Projects During Calendar Year
Wednesday, July 25, 2018 Oil majors are 'on pace' to approve over $37 billion in projects during the calendar year, according to Rystad Energy.
Oil Gains As US Crude Stocks Fall To Lowest Since Feb. 2015
Wednesday, July 25, 2018 Oil prices rose for the second consecutive day after US government data showed domestic crude inventories fell to their lowest since February 2015.
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