Industry Headlines News for Mediterranean/N. Africa

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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.

Oil Rises To 3-Week High On Mideast Tensions, Venezuela Concerns
Tuesday, March 20, 2018 Oil prices climbed to their highest level in 3 weeks as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the impact of growing US crude production.

'Netflix for Oil' Setting Stage for $1 Trillion Data Battle
Monday, March 19, 2018 The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never before realized could be valuable.

IEA: Global Oil Demand Picks Up But Still Lags Rising Supply
Thursday, March 15, 2018 Global oil demand is expected to pick up this year but supply is growing at a faster pace, leading to a rise in inventories in 1Q 2018, IEA says.

BLOG: Employment-Related Happiness Increasing Among Oil, Gas Workers
Thursday, March 15, 2018 Oil and gas workers are now happy with their current oil and gas jobs, according to a new Rigzone poll.

OPEC Sees Oil Supply Surge From Rivals, Countering Its Cuts
Wednesday, March 14, 2018 OPEC raises its forecast for oil supply from non-member countries in 2018 as higher prices encourage US shale drillers to pump more.

Gasoline Inventory Drain Buoys Oil Despite Rising Crude Supply
Wednesday, March 14, 2018 Futures were little changed after falling and rising as much as 1% in New York.

Oil Pares Decline as Industry Data Show US Fuel Inventory Drop
Tuesday, March 13, 2018 Oil reduced its decline after the industry report showed US fuel stockpiles fell last week.

Oil Slides as Growing Shale Supply Seen Stabilizing US Hub
Monday, March 12, 2018 Oil fell on speculation that growing shale production will stem the drawdown of inventories from the biggest US hub.

Future Energy Leaders Able to Earn Energy-Focused MBA Online
Monday, March 12, 2018 The Energy Providers Coalition for Education and Excelsior College partnered to offer online MBAs to working energy professionals who aspire to be leaders at their companies.

Oil Prices Rise Nearly $2 Amid Broad Market Optimism
Friday, March 09, 2018 Oil prices rose nearly $2, rebounding from two days of declines as Wall Street climbed on strong US jobs data.

BLOG: 4 Reasons why 2018 is (Finally) a Good Year for Oil
Thursday, March 08, 2018 Guest blogger shares 4 reasons that 2018 will really be a positive year for our industry.

Oil Hits Three-Week Low Amid Heightened Supply, Dollar Strength
Thursday, March 08, 2018 Crude spiraled to the lowest level in three weeks as rising US supply and dollar strength eclipsed bullish demand outlooks.

HOW COOL IS THAT!: Subsea Engineer
Wednesday, March 07, 2018 BP's Rigoberto Lopez helps to construct deepwater wells in the Gulf of Mexico.

Analysts Expect Oil Price to Average $75 Per Barrel in 2019
Tuesday, March 06, 2018 The price of Brent crude oil will average $75 per barrel next year, according to the latest forecast from oil and gas analysts at BMI Research.

Oil Dips as Data Shows Biggest US Crude Build Since January
Tuesday, March 06, 2018 Crude slipped after industry data showed US crude stockpiles rose by more than expected last week.

Gadfly: Trump Tariffs Are a Gift for OPEC and Russia. Not Shale
Monday, March 05, 2018 President Donald Trump's planned 25% import tariff on steel is a gift to OPEC and Russia.

Oil Gains Most in Two Weeks as Storage in Key Hub Seen Shrinking
Monday, March 05, 2018 Crude rose the most in two weeks as stockpiles at the largest US storage hub are seen draining further.

OPEC Sec Gen: Lack of Investment 'Sowing Seeds for Future Energy Crisis'
Monday, March 05, 2018 IEA executive director Fatih Birol and OPEC secretary general Mohammad Sanusi Barkindo discuss challenges facing the oil and gas industry during the CERAWeek by IHS Markit conference in Houston.

BLOG: Bribery in the Energy Market - More than Bags of Cash
Thursday, March 01, 2018 Parker Drilling's Kelly Thorman discusses bribery and corruption in oil and gas and how companies can equip themselves with compliance measures.

Oil Prices Are Sensitive to Drilling Activity
Thursday, March 01, 2018 The Permian Basin is now the world's swing oil producer, with a lag.

Oil at Two-Week Low as Equities Dip, Concerns Linger Over Shale
Thursday, March 01, 2018 Oil closed lower amid a selloff in equity markets and growing concern about increasing US crude production.

Government Instability in Several Oil, Gas Producing Countries Set to Rise
Wednesday, February 28, 2018 Government instability is set to rise over the next 3 years in oil and gas producing countries including Russia, Kazakhstan, Egypt, Kenya and Uganda, a new report highlights.

Oil, Gas Players Adjust Aim Toward $2.5T Moving Target
Wednesday, February 28, 2018 Oil and gas companies are reassessing how to meet compliance demands.

Oil Drops On Large Inventory Increase, Profit Taking
Wednesday, February 28, 2018 Oil prices fall, after official data shows a larger-than-expected increase in US crude inventories.

Saudi Arabia Won't Substantially Raise Output if Agreement Isn't Extended
Tuesday, February 27, 2018 Saudi Arabia will not substantially increase its oil output over the next 2-3 years if the OPEC production cut agreement is not extended, say analysts at BMI Research.

Oil Services CEO: Market Activity Will Increase in 2018
Tuesday, February 27, 2018 Market activity will increase in 2018, according to John Lechner, chief executive officer of oil services company Archer.

Algerian Energy Minister Says Oil Producers Seek Market Stability
Tuesday, February 27, 2018 Algerian Energy Minister Mustapha Guitouni says oil producers are seeking market stability.

Westwood Global Energy Group Acquires RigLogix
Tuesday, February 27, 2018 Westwood Global Energy Group announces it has acquired RigLogix from DHI Group, Inc.

Oil Dips as Industry Report Shows Swelling Spare US Oil Supply
Tuesday, February 27, 2018 Crude slipped after an industry report was said to show an increase in US crude stockpiles.

Saudi Oil Minister Says Oil Market Is Rebalancing
Friday, February 23, 2018 Saudi Arabia's Oil Minister Khalid al-Falih says oil markets are rebalancing.

What Women Really Want on the Job? Ask Big Oil's Only Female CEO
Friday, February 23, 2018 Flexible working hours and maternity leave are all well and good, but what women really want is...

Oil Climbs As Libyan Outage, Saudi Comments Support
Friday, February 23, 2018 Oil prices rose to their highest in more than two weeks, supported by the shutdown of the El Feel oilfield in Libya and upbeat comments.

OPEC President: We're Not A Secretive Cartel
Thursday, February 22, 2018 OPEC's president says the group is not a secretive cartel.

International Markets to Return to Growth in 2018
Thursday, February 22, 2018 International markets will return to growth in 2018, although at a more moderate pace than North America.

Oil Prices Climb After Unexpected Drawdown In US Crude Stocks
Thursday, February 22, 2018 Oil prices rose to two-week highs on Thursday.

Oil, Gas Will Account for Over Half of World's Energy by 2040
Wednesday, February 21, 2018 Oil and gas will account for over half of the world's energy by 2040, according to BP's latest Energy Outlook.

OPEC, Russia Said to See Oil Glut Dissipating at a Faster Rate
Tuesday, February 20, 2018 The latest discussions between OPEC and its oil-producer allies concluded that the supply glut is dissipating at a faster pace than previously anticipated.

Maersk Energy Sees Uptick In Offshore Oil Drilling, Profit Still Squeezed
Tuesday, February 20, 2018 Prospects for the offshore oil drilling market are improving but profits for drillers are still under pressure and rates will not rise.

Libya, Nigeria at 'High Risk' of Oil Sector Disruption
Monday, February 19, 2018 Libya and Nigeria are at 'high risk' of oil sector disruption, especially towards the end of 2018, according to oil and gas analysts at BMI Research.

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.

Erdogan Tells Cyprus Not To Test Turkey Over Gas Standoff
Tuesday, February 13, 2018 Tempers flaring up in eastern Mediterranean over exploration rights.

Standoff In High Seas As Cyprus Says Turkey Blocks Gas Drill Ship
Monday, February 12, 2018 Cyprus accuses the Turkish military of obstructing a ship contracted by Italian oil company Eni.

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.

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.

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.

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