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Analysts: Oil Demand Faces Mounting Risks
Wednesday, July 18, 2018 Oil demand faces mounting risks as escalating global trade tensions begin to drag on global trade and economic activity.
WoodMac: Global Decom Spend Could Hit $105B Over Next Decade
Wednesday, July 18, 2018 Up to $105 billion could be spent on decommissioning worldwide over the next decade, according to a new report from Wood Mackenzie.
Here's Why Investors in Oil Don't Care About Crude's Price Drop
Wednesday, July 18, 2018 Crude prices are down yet European oil companies are weathering the slump.
Oil & Gas UK: Industry Must Hold Firm in 'Relentless' Pursuit of Efficiency
Wednesday, July 18, 2018 Preventing production losses and improving efficiency is a 'vital cog' in efforts to maximize economic recovery from the UK Continental Shelf, says Oil & Gas UK.
Colombia's President-Elect Names Maria Fernanda Suarez Energy Minister
Wednesday, July 18, 2018 Colombia's President-elect Ivan Duque named Maria Fernanda Suarez as mining and energy minister when he takes office in August.
Crude Edges Up as Fuel Supply Drop Outweighs Rising Crude Stocks
Wednesday, July 18, 2018 Crude rose as investors assessed conflicting supply-and-demand signals in the world's biggest economy.
SAFE: 1,550 Members on Strike
Tuesday, July 17, 2018 A representative from Norwegian union SAFE confirms that 1,550 members are on strike.
Electricity Investments Surpass Oil, Gas for Second Year Running - IEA
Tuesday, July 17, 2018 Global electricity investments exceeded those in oil and gas for the second year running in 2017, the International Energy Agency says.
Focus On: Oil Sands
BSEE's Angelle: SafeOCS Participation Up Dramatically
Tuesday, July 17, 2018 BSEE releases 2017 stats for SafeOCS data sharing program.
ICE to Launch Permian WTI Crude Oil Futures Contract
Tuesday, July 17, 2018 The contract is expected to launch in third quarter of 2018 and will have physical delivery in Houston.
Oil Steadies On US Stockpile Forecasts, Venezuela Worries
Tuesday, July 17, 2018 Crude oil futures steadied as the focus turned to falling inventories in the US and further output constraints in Venezuela and Libya.
WoodMac: OPEC Will Continue to Play Important Role in Oil Market to 2040
Monday, July 16, 2018 OPEC will continue to play an important role in the oil market to 2040, according to a new report by Wood Mackenzie.
Norwegian Shipowner's Association: Norwegian Offshore Rig Strike Escalates
Monday, July 16, 2018 A strike on Norwegian offshore oil and gas rigs has escalated, the Norwegian Shipowner's Association revealed Monday.
Protesters At Iraq's Siba Gas Field Demand Jobs, Better Services
Monday, July 16, 2018 About 200 protesters gathered at the main entrance to Iraq's Siba natural gas field on Monday, police sources say.
Tidewater To Buy GulfMark As Offshore Drilling Eyes Recovery
Monday, July 16, 2018 Tidewater says it will buy smaller rival GulfMark Offshore in an all-stock deal to create a $1.25 billion company.
Companies Can't Put Cart Before Horse When It Comes to Digital Innovation
Monday, July 16, 2018 A new survey finds that oil and gas companies are implementing new technologies, but some lack proper strategy.
Brent Oil Falls 4% To 3-Month Low As Supply Outage Concerns Ease
Monday, July 16, 2018 Oil prices slump more than 4%, with Brent reaching a three-month low.
BOEM Sets August Gulf Lease Sale
Friday, July 13, 2018 August 15 lease sale to be livestreamed from New Orleans.
Russia Says May Step Up Oil Output to Tackle Deficit
Friday, July 13, 2018 Russia and other leading oil producers may boost oil output further if supply shortages hit the global oil market, Russia's energy minister said Friday.
Oil Rises But Declines for the Week As Supply Concerns Ease
Friday, July 13, 2018 Oil prices rose on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline.
Argentina to Include New Companies in Vaca Muerta Labor Deal
Friday, July 13, 2018 The Vaca Muerta play in Patagonia is one of the world's largest reserves of unconventional hydrocarbons.
BLOG: Oil and Gas Industry Survival Tips
Thursday, July 12, 2018 Here are some recommendations for surviving the industry's highs and lows.
World's Oil Cushion Could Be Stretched To The Limit, IEA Warns
Thursday, July 12, 2018 The world's oil supply cushion could be stretched to the limit due to prolonged outages, supporting prices and threatening demand growth, the International Energy Agency says.
Analysts Revise Oil Price Outlook to 2019
Thursday, July 12, 2018 BMI Research revises its oil price outlook for the next 2 years.
SAFE 'Back at the Table' if it Receives 'Any Serious Contact' from NR
Thursday, July 12, 2018 If Norway's SAFE union receives 'any serious contact' from the Norwegian Shipowner's Association, it will be 'back at the table' a SAFE union representative says.
Booming LNG Market Steps Out Of The Dark As Transparency Push Grows
Thursday, July 12, 2018 The $230 billion liquefied natural gas industry is slowly seeing light as global traders push for more transparency in the booming market.
Stocks, Commodities Regain Footing After Dropping on Trade Worries
Thursday, July 12, 2018 Oil steadied on Thursday after taking a wild ride.
Norwegian Oil, Gas Strike Going 'Very Well'
Wednesday, July 11, 2018 The strike on Norwegian offshore oil and gas rigs is going 'very well', according to Hilde-Marit Rysst, a union leader at SAFE.
Trump Slams Gas Pipeline Deal, Calls Germany Russian 'Captive'
Wednesday, July 11, 2018 U.S. President Donald Trump launches a forceful public attack on German support for a Baltic Sea gas pipeline deal with Russia.
Crude Oil Benchmark Brent Sees Biggest One-Day Fall In Two Years
Wednesday, July 11, 2018 Global benchmark Brent crude oil had its biggest one-day drop in two years.
Hundreds Of Norway Oil Workers Go On Strike, Shell Shuts Knarr Field
Tuesday, July 10, 2018 Hundreds of workers on Norwegian offshore oil and gas rigs strike after rejecting a proposed wage deal.
Do Not Blame OPEC, Oil Producer Group Says Of Trump Criticism
Tuesday, July 10, 2018 The president of OPEC defends the oil producer group against President Trump's recent demands for higher oil output, saying OPEC does not shoulder the blame.
S. Arabia will be 'Reluctant to Exhaust' its 'Substantial' Spare Capacity
Tuesday, July 10, 2018 Saudi Arabia will be 'reluctant to exhaust' its 'substantial' spare capacity, according to oil and gas analysts at BMI Research.
West Texas Sand Currently Bringing in Billions
Tuesday, July 10, 2018 There is perhaps no industry that better captures the money-multiplying effect of the Permian boom.
Oil Rises On Supply Disruptions, Large US Crude Stock Drawdown
Tuesday, July 10, 2018 Oil rose, supported by a larger-than expected US stock draw and supply concerns in Norway and Libya.
Gabon Oil Workers Start 15-Day Strike At Total Facilities
Monday, July 09, 2018 Gabon oil workers' union ONEP begins a 15-day strike at the facilities of French oil producer Total on Monday.
Oil Prices Gain On Supply Concerns In Iran, Libya, Canada
Monday, July 09, 2018 Oil prices gained, with US crude ending a choppy session higher on expectations for a Canadian production outage lasting until September.
Digital Finance Broadens Roles for Oil and Gas CFOs
Friday, July 06, 2018 In the oil and gas industry, digital finance is transforming the kinds of services that finance has traditionally delivered to the business.
Unite Announces Strike Days on Total E&P Operated North Sea Platforms
Friday, July 06, 2018 UK union Unite announces a series of strike days on North Sea oil and gas platforms operated by Total E&P.
Airbus Helicopters Doesn't See Major Recovery In Demand From Oil,Gas Market
Friday, July 06, 2018 Airbus is not expecting a major recovery in demand for helicopters from the oil and gas industry, despite a recent increase in oil prices, the head of its helicopter division says.
New EPA Boss Same as the Old Boss: Pruitt Policy to Stay Intact
Friday, July 06, 2018 The replacement of Scott Pruitt may mean a change in style but not substance at the EPA, claims a former agency official.
Fredriksen Is Back in Rigs After $5 Billion Vanished in Seadrill
Friday, July 06, 2018 The Norwegian-born "Big Wolf" is placing a new wager on offshore drilling.
US Jobs Report: Mining Adds 5,000 Jobs in June
Friday, July 06, 2018 Mining employment continues to trend upward as the U.S. adds thousands of jobs in June.
Iran Access to Oil, Financial Markets Unresolved in Vienna Talks
Friday, July 06, 2018 The bulk of Iran's oil revenues and banking ties will be at stake if neither can be protected by the EU.
Oil Mixed As Saudi Output Rises, Equities Rebound
Friday, July 06, 2018 For the week, WTI futures lost about 0.5 percent after hitting a 3-1/2-year high on Tuesday, while Brent lost about 3 percent.
Chevron Selling UK Central N.Sea Assets 'Would Continue Trend of Majors'
Thursday, July 05, 2018 Chevron selling its assets in the UK Central North Sea would continue the trend of majors divesting non-core UK assets, according to Wood Mackenzie North Sea upstream research analyst Kevin Swann.
Trump To OPEC: 'Reduce Pricing Now!' - Twitter
Thursday, July 05, 2018 U.S. President Donald Trump again accuses the Organization of Petroleum Exporting Countries of driving gas prices higher on Twitter on Wednesday.
Iran's OPEC Boss Says Trump's Tweets Have Added $10 To Oil Prices -SHANA
Thursday, July 05, 2018 U.S. President Donald Trump has raised prices through his tweets, Iranian OPEC Governor Hossein Kazempour Ardebili was quoted as saying by news agency SHANA on Thursday.
Forget Tech, Big Oil is Doling Out America's Fattest Paychecks
Thursday, July 05, 2018 Move over Wall Street titans and Silicon Valley giants. When it comes to paychecks, Big Oil now looks like the best bet for U.S. workers.
UKCS Decommissioning Cost Cut Target 'Ambitious'
Thursday, July 05, 2018 The target set in 2016 to reduce UKCS decommissioning costs by at least 35% has been labelled 'ambitious' by sector experts.
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