Caspian/Central Asia News


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More Countries Needed In OPEC, Non-OPEC Pact - UAE's Al Mazrouei
Friday, April 20, 2018 Further oil producers need to join OPEC and non-OPEC producers in curbing supply, UAE oil minister Suhail Mohamed Al Mazrouei tells a German newspaper.

Does a Digitization Domino Effect Await Oil and Gas?
Thursday, April 19, 2018 AspenTech survey reveals major obstacles in oil and gas firms' quest to digitize.

Petroplan Appoints New CEO
Wednesday, April 18, 2018 Petroplan Group appoints Philippa Barnes as its new CEO.

Oil Rises Amid Shrinking US Surplus as OPEC Prepares to Gather
Wednesday, April 18, 2018 Crude climbed to the highest since 2014.

CAPEX Among World's Largest O&G Firms to Rise to Just Under $500B in 2018
Tuesday, April 17, 2018 Capital expenditure (CAPEX) among the world's largest oil and gas companies is due to increase 11.5% year-on-year in 2018 to just under $500 billion, according to oil and gas analysts at BMI Research.

Analyst: Switch To LNG For Shipping Fuel Not Enough To Meet Regulations
Tuesday, April 17, 2018 Switching to LNG to fuel ocean-going vessels may not be enough for shippers to comply with long-term emissions regulations, JBC Energy says.

Big Oil Bids to Burnish Credentials in War on Climate Change
Tuesday, April 17, 2018 The world's biggest oil companies, for long typecast as villains of climate change, are seeking to reinvent themselves.

Crude Gains as Industry Is Said to Report Surprise Crude Draw
Tuesday, April 17, 2018 Oil edged higher after an industry report showed US crude stockpiles and supplies at the nation's largest storage hub both declined.

Kuwait Says Market Conditions To Determine Any Extension Of OPEC-Led Cuts
Monday, April 16, 2018 Kuwait's oil minister says the pact between OPEC and non-OPEC producers to curb supplies will run to the end of the year and market conditions will determine whether to extend it further.

Oil Drops As Syria Risk Seen Muted After Weekend Air Strikes
Monday, April 16, 2018 Oil prices dropped as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend.

IEA Says 'Mission Accomplished' For OPEC As Oil Stocks Shrink
Friday, April 13, 2018 OPEC and its allies appear to have accomplished their mission of bringing global oil stocks to desired levels, the International Energy Agency says.

Oil Posts Biggest Weekly Gain Since July Amid Global Conflict
Friday, April 13, 2018 Crude posted its largest weekly gain since July as geopolitical tensions threatened to accelerate the tightening of global supplies.

Shell Sees No Risk Of 'Stranded Assets' As Reserves Life Shrinks
Thursday, April 12, 2018 Royal Dutch Shell says it sees little risk of having 'stranded assets' in its portfolio as the world shifts to low carbon energy.

UAE Says Most Countries In Oil Cut Deal Like Idea Of Long-Term Alliance
Thursday, April 12, 2018 A majority of the OPEC and independent oil producers participating in a current deal to cut supply like the idea of a long-term producers' alliance, the energy minister of the United Arab Emirates says.

OPEC Sees Oil Markets Tighten Further Even As US Shale Booms
Thursday, April 12, 2018 The global oil stocks surplus is close to evaporating, OPEC says.

BLOG: Will We See More Andeavors and Equinors?
Thursday, April 12, 2018 A company re-branding is much more than a new name and logo.

Oil Steady, Near 3-Year Highs On Syria Tensions, Tighter Supply
Thursday, April 12, 2018 Oil prices held steady, remaining close to highs last reached in late 2014.

Report Identifies Emerging Decommissioning Hotspots
Wednesday, April 11, 2018 The Boston Consulting Group identifies several emerging decommissioning hotspots in a new report released Wednesday.

US Crude Hits Highest Since 2014 On Missile Concerns
Wednesday, April 11, 2018 Oil prices jumped, hitting their highest in more than three years.

Bechtel: LNG Demand May Need $200 Billion Investment
Tuesday, April 10, 2018 The world may need an investment of as much as $200 billion in new liquefied natural gas terminals by 2025 to satisfy a growing appetite for cleaner-burning fuels, according to Bechtel Group Inc.

Kazakhstan Hopes To Resolve Profit Sharing Dispute With Oil Majors By June
Friday, April 06, 2018 Kazakhstan hopes to settle a profit sharing dispute with global energy companies developing the Karachaganak gas condensate field by June, its deputy energy minister says.

Three Reasons Why You Should Automate Your Emergency Response Technology
Friday, April 06, 2018 Quickly and effectively responding to potential serious incidents is a major challenge for the oil and gas industry.

Summer of LNG Starts With a Bang in UK as US Ramps Up
Friday, April 06, 2018 The start of spring has heralded the return of liquefied natural gas to the UK.

Crude Dives Lower as Trump Predicts 'Pain' in China Dispute
Friday, April 06, 2018 Crude posted its worst week in two months.

Wood Mackenzie: 'Bigger Projects Are Coming'
Thursday, April 05, 2018 The industry will see a return to bigger project sanctions, Angus Rodger, Wood Mackenzie's research director for Asia Pacific upstream oil and gas, has confirmed.

The Saudis Are Determined to Keep the Market in Balance
Thursday, April 05, 2018 It is doing all it can to support the recovery in oil prices with a focus on surplus oil inventories, particularly in the US.

Jan-March Oil Shipments From Georgia's Batumi Down 54% YOY
Wednesday, April 04, 2018 Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell 53.7 percent.

Oil Down Slightly; US Inventory Draw Offsets Trade War Fears
Wednesday, April 04, 2018 Oil prices settled slightly lower, as a surprise draw in US crude stockpiles triggered a rebound from session lows.

Novak: Turkish Permit For Land Section Of TurkStream Pipeline Still Pending
Tuesday, April 03, 2018 Russian Energy Minister Alexander Novak says that Turkey's approval for Gazprom's onshore portion of the TurkStream gas pipeline's second line is still pending.

Time to Regulate Social Media's FANG?
Tuesday, April 03, 2018 Should Facebook, Google and others be regulated like natural gas utilities?

Oil Gains Hold as Industry Said to Report Surprise Storage Drop
Tuesday, April 03, 2018 Oil clung to its gains following an industry report that US stockpiles unexpectedly shrank.

Consortium Aims to Disrupt Oil and Gas Supply Chains - In a Good Way
Monday, April 02, 2018 Platform designed to make supply chains more transparent, efficient and cost-effective.

Land Organization Headcount and Drivers of Land Activity
Friday, March 30, 2018 The recent PwC Land Operations and Land Administration benchmarking study uncovers the often overlooked and difficult-to-quantify role that basin complexity plays in appropriate land department staffing.

Oil, Gas Talent Managers Find Unique Value in Competency Programs
Friday, March 30, 2018 The use of workforce solutions software has enabled oil and gas leaders to develop competency measures that help right-size their workforce.

BLOG: Oil, Gas CEOs Confident of Their Company Growth, PwC Survey Finds
Thursday, March 29, 2018 A recent survey by PwC reveals that oil and gas CEOs have a growing optimism in the future of their companies and the industry as a whole.

Gadfly: Kinder Morgan Should Stop Hanging With Those MLP Kids
Thursday, March 29, 2018 Kinder Morgan Inc. is back in Warren Buffett territory.

Crude Rebounds as OPEC Hints at Longer Oil Output Cuts
Thursday, March 29, 2018 Oil climbed as top crude-exporting countries suggest they may extend output curbs beyond this year, adding momentum to a monthly rebound.

What to Expect in Your Environmental Engineer Interview
Wednesday, March 28, 2018 We've got tips on how to ace your environmental engineer interview.

Oil Falls About 1% After Surprise US Crude Build
Wednesday, March 28, 2018 Oil prices fell about 1% after data showed US crude inventories unexpectedly rose 1.6 million barrels last week.

Oil Extends Loss as Industry Said to Report US Storage Jump
Tuesday, March 27, 2018 Oil extends its slide following an industry report that American crude storage surged.

A Newcomer's Guide to Oil and Gas: 'Airbnb' for Oil and Gas Futures
Monday, March 26, 2018 Here's a concept that's likely unfamiliar to some newbies as well as industry veterans.

Goldman Sachs: Oil's Seven Sisters Enter a 'Golden Age'
Monday, March 26, 2018 The world's largest oil companies have survived a life-changing crisis, and are now poised to reap the rewards, Goldman Sachs says.

Oil Prices Dip On Profit Taking After Last Week's Rally
Monday, March 26, 2018 Crude oil futures slipped as investors cashed in some profits from last week's rally.

TechnipFMC, Magma Global in Collaboration Agreement
Friday, March 23, 2018 TechnipFMC agrees the terms of a collaboration agreement with Magma Global Ltd. to develop a new generation of hybrid flexible pipe for use in offshore applications.

Big Data Goes Bust
Friday, March 23, 2018 Despite a few years of boom for the concept of 'Big Data,' the term itself is old news.

Oil Rises As Saudi Backs Extending Output Cuts Into 2019
Friday, March 23, 2018 Crude prices rose on Friday, hitting their highest since late January.

Oil Retreats After Failing To Hit $70/Barrel
Thursday, March 22, 2018 Oil prices fell as investors took profits after this week's rally.

Rich Rewards Await Top Oil Refiners as Ships Made to Switch Fuel
Wednesday, March 21, 2018 The world's most sophisticated refineries are about to enjoy great times thanks to what might seem like a minor tweak in rules for the type of fuel ships consume.

OPEC Supply Cut Compliance Hits Record, Oil Glut Going Fast
Wednesday, March 21, 2018 Compliance with a global deal to cut oil supply hit a new high in February and an inventory glut is shrinking fast.

Oil Rallies to Six-Week High After Surprise US Storage Slump
Wednesday, March 21, 2018 Oil climbed to the highest level in six weeks.

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