East & South Africa News


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OPEC Considers Moving the Goalposts - Here's Where They Might Go
Friday, February 16, 2018 The 24-country alliance wants to reduce oil stockpiles to their five-year average.

Oil Posts a Weekly Rise as Stocks Recover, Dollar Flounders
Friday, February 16, 2018 Oil posted its first weekly increase since last month.

How to Move up the Ladder in Oil, Gas
Thursday, February 15, 2018 Rigzone readers outline the best way to move up the ladder in the oil and gas world.

Kemp: OPEC Pact Likely To Evolve Rather Than Terminate
Wednesday, February 14, 2018 Ministers from OPEC have been anxious to counter speculation about an early end to production curbs.

As KOGAS Goes Into LNG Arbitration, Others May Follow
Tuesday, February 13, 2018 KOGAS' recent move could herald a shake-up of the region's LNG market as other buyers follow suit.

IEA: Surge In Global Oil Supply May Overtake Demand In 2018
Tuesday, February 13, 2018 The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.

OPEC President Says Shale Won't Thwart Plan to Clear Glut
Monday, February 12, 2018 Surging output of US shale oil won't be a 'huge distorter' of efforts by global crude producers to clear a glut, according to OPEC's president.

Booming Asian Gas Demand Ripples All the Way to Norway
Monday, February 12, 2018 Asia's rapacious thirst for liquefied natural gas is sucking supplies from surprising places.

ExxonMobil's Reserves Jump 19% On Growth In US Shale, UAE
Friday, February 09, 2018 ExxonMobil says its oil and gas reserves surged 19% last year, thanks to growth in US shale, the United Arab Emirates and Guyana.

How to Create Your Environmental Engineer Resume
Friday, February 09, 2018 Here are some resume tips to help recent college graduates get a job as an environmental engineer.

US Gas Drillers Are Missing Out on Asia's Oil-Driven Boom
Thursday, February 08, 2018 If you're pumping natural gas in the US, you're probably missing out on Asia's boom.

BLOG: What Not to Do as a Job Applicant
Thursday, February 08, 2018 Recruiters share some of the wildest things they've heard and experienced from job candidates.

Oil Hits 7-Week Low On Expectations Of Higher US, Iran Output
Thursday, February 08, 2018 Oil prices fall to their lowest in seven weeks.

Tullow Swings Into Profit As Focus Shifts To Kenya
Wednesday, February 07, 2018 Tullow Oil swung back into profit in 2017 after 3 years in the red.

Oil World Turns Upside Down as US Sells Oil in Middle East
Wednesday, February 07, 2018 The United Arab Emirates isn't the most obvious customer for Texan oil.

Mozambique Approves Anadarko's $20 Billion Natural Gas Plan
Wednesday, February 07, 2018 Mozambique's council of ministers approved the development plan for Anadarko's LNG project.

Experts Predict Brent Trends in 2018: A Wrap Up
Tuesday, February 06, 2018 Rigzone outlines the price direction and drivers of Brent crude oil in 2018.

Analysts Expect Brent Crude Price to Continue Rising Over Next Few Years
Monday, February 05, 2018 Oil and gas analysts at BMI Research expect the value of Brent Crude oil to continue rising over the next few years, according to a new report published by the company.

Applicant Tracking Systems: The Good, Bad & Misunderstood
Monday, February 05, 2018 Rigzone gets oil and gas recruiters and HR personnel to weigh in on their use of the ATS and how it affects the recruiting process for employers and job candidates.

Next-Wave LNG Terminals Get Smaller To Offer Flexible Supply Deals
Monday, February 05, 2018 The liquefied natural gas market is growing every year, but the terminals that ship and receive the fuel are shrinking.

Oilfield Services Companies 'On An Upswing'
Friday, February 02, 2018 Oilfield services companies around the globe will face stronger demand for their services in 2018, according to a new report from BMI Research.

Crude Gains First Time This Week After Gasoline Supplies Drop
Wednesday, January 31, 2018 Oil rose for the first time this week as a surprise decline in US gasoline supplies helped ease concerns about lackluster demand.

Oil, Gas 'Might Need a Tesla' to Attract Best Talent
Tuesday, January 30, 2018 The oil and gas industry might need to see the emergence of a company like Tesla to attract the best talent to the sector.

Kemp: US Oil And Gas Drilling Costs Rise As Rig Count Climbs
Tuesday, January 30, 2018 US shale producers are facing rising costs for everything from drilling rigs to pressure pumping equipment and labour.

Oil Prices Have Limited Upside
Tuesday, January 30, 2018 The 40% increase in oil prices since August is likely to stimulate a strong production response.

Oil Falls A Second Day On Stock Market Sell-Off, US Output
Tuesday, January 30, 2018 Oil prices slid for a second day, driven by ongoing evidence of rising US crude output.

Google, Facebook 'Wouldn't Have a Clue' How to Run Oil, Gas Industry
Monday, January 29, 2018 Companies like Google and Facebook wouldn't have a clue about how to run the oil and gas business, according to Rapidan Energy Group CEO Bob McNally.

Statoil Quits Talks Over Stake In Mozambique Offshore Gas Block
Monday, January 29, 2018 Statoil pulls out of negotiations to take a 25.5% stake in a gas block off Mozambique.

Oil Is Looking Unstoppable as Hedge Funds Take Bets to New High
Monday, January 29, 2018 Hedge funds reported record wagers on continued price increases for both US and global oil benchmarks, along with gasoline and diesel.

Oil settles lower after dollar strengthens, rising U.S. output
Monday, January 29, 2018 Oil prices settled lower, pressured by a strengthening dollar and rising US crude output.

Shell Buying Spree Cranks Up Race For Clean Energy
Friday, January 26, 2018 Royal Dutch Shell has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points.

Sharp Rise in Oil, Gas Industry Confidence in 2018
Thursday, January 25, 2018 There has been a sharp rise in industry confidence in 2018, according to a new study by DNV GL, a technical advisor to the oil and gas sector.

BLOG: Are Rigzone Readers For or Against the Rise in Renewables?
Thursday, January 25, 2018 Are Rigzone readers for or against oil and gas companies strengthening investment in renewable energy?

Big Oil Flush With Cash Again, But No Party Yet
Wednesday, January 24, 2018 The world's top oil companies are expected to generate more cash in 2018 than at any other time this decade, but it isn't party time yet.

Total To Buy Shares In Kenyan Oil Blocks From A.P. Moeller-Maersk
Tuesday, January 23, 2018 Total SA is to buy shares in 3 Kenyan oil blocks from A.P. Moeller-Maersk.

South Africa's Sasol Expects H1 Earnings To Rise Up To 6%
Tuesday, January 23, 2018 Sasol expects half-year profit to lift as much as 6% on the back of higher crude oil prices.

What to Look for in Oil, Gas in 2018
Tuesday, January 23, 2018 Brian Williams of Carl Marks Advisors shares insights on what the industry can expect regarding E&P investment, M&A deals and trends for 2018.

Big Oil Said to Plan Tenfold Expansion of Cost-Cut Collaboration
Tuesday, January 23, 2018 The world's largest energy companies plan to significantly widen a two-year effort to standardize the kit they use to pump oil and gas.

Oil Jumps As Brent Tops $70, With Inventory Data On Tap
Tuesday, January 23, 2018 Oil rose more than 1%, with benchmark Brent crude hitting $70 a barrel for the first time in a week.

Oil Market 'Heading In The Right Direction' - Iraq
Monday, January 22, 2018 The global oil market is stabilising as crude inventories are falling, Iraqi Oil Minister Jabar al-Luaibi says.

Big Global Oil Projects Are Starting to Get Off the Ground
Monday, January 22, 2018 The global oil industry's backlog of big drilling projects is starting to shrink as prices improve.

Oil Rises on Saudi-Russian Alliance Talk After Market Hesitates
Monday, January 22, 2018 Oil closed higher after Saudi Arabia and Russia signaled production cuts may be extended into 2019.

Kemp: Peak Oil Demand And Its Implications For Prices
Friday, January 19, 2018 Even if oil consumption reaches a peak and then starts to fall, the world will still need large quantities of oil for many decades to come.

IEA Sees Oil Markets Tightening As Venezuelan Output Collapses
Friday, January 19, 2018 Global oil markets are tightening quickly on falling supply from Venezuela, IEA says.

Nigeria Passes Major Oil Reform Bill After 17 Year Struggle
Thursday, January 18, 2018 Nigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation.

Exploration to Increase in 2018 but Investment Constraints Remain
Wednesday, January 17, 2018 Exploration activity will increase in 2018, but market uncertainty and the need to manage debt levels will remain key constraints to investment.

China Fuel Blenders,Independent Refiners to Feel Squeeze from New Tax Rules
Wednesday, January 17, 2018 The rules address a long-held complaint by China's state-owned oil companies.

Wentworth Appoints New CEO
Monday, January 15, 2018 East Africa-focused oil and gas company, Wentworth Resources Limited, appoints Eskil Jersing as its new CEO.

Oil, Gas Majors to Boost Renewable Spend
Friday, January 12, 2018 Oil and gas majors will continue to strengthen investment into renewable energy and low carbon technology through 2018.

Oil Crosses $70 Threshold in London as Worldwide Glut Dwindles
Thursday, January 11, 2018 Oil briefly topped $70 a barrel in London for the first time in three years.

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