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OGA Awards New Contracts to Help Stimulate UKCS Exploration Activity
Wednesday August 08, 2018
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The UK's Oil and Gas Authority (OGA) has awarded new contracts through government funding 'to continue to stimulate exploration activity on the UK Continental Shelf (UKCS)'.
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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.
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.
Iraq And Petrofac Sign $369MM Deal To Build Majnoon Crude-Processing Plant
Monday, August 13, 2018 Iraq signs a $369 million contract with Petrofac to build a new crude-processing facility in the giant Majnoon oilfield.
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.
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+.
OGA Awards New Contracts to Help Stimulate UKCS Exploration Activity
Wednesday, August 08, 2018 The UK's Oil and Gas Authority (OGA) has awarded new contracts through government funding 'to continue to stimulate exploration activity on the UK Continental Shelf (UKCS)'.
Despite Lower Crude Exports, Iran's Tanker Dependence Growing
Wednesday, August 08, 2018 It is still nearly three months until U.S. sanctions on Iran's oil exports snap back into force, but they are already having a big impact on the Persian Gulf country's trade.
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.
Minister: Exxon 'Very Hopeful' of Success in Discovering 'Big Cache' of Oil
Tuesday, August 07, 2018 ExxonMobil is 'very hopeful' of success in discovering a 'big cache' of oil off the Indus Delta, the Pakistan minister for maritime affairs and foreign affairs, Abdullah Hussain Haroon, said in a press statement.
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.
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.
OPEC Sources: Saudis Cut July Production
Friday, August 03, 2018 Saudi Arabia, which recently pledged oil-supply increases to tame rallying crude prices, cut production last month, according to OPEC delegates.
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.
Timing Differences Impact Oil Price Psychology
Thursday, August 02, 2018 Oil prices are sensitive to changes in the outlook for market balance.
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.
Iraq To Take Over Development Of Mansuriyah Gas Field, Nassirya Oilfield
Tuesday, July 31, 2018 Iraq will develop its Mansuriyah gas field near the Iranian border using state-run firms after the 'delay and failure' of international companies to resume work at the field.
Yemen's Houthis Halt Red Sea Attacks For Two Weeks
Tuesday, July 31, 2018 Yemen's Houthi group says it is unilaterally halting attacks in the Red Sea.
WTI Cracks $70 but Falters
Tuesday, July 31, 2018 Analyst contends oil markets 'are just correcting a bit.'
Iran Oil Ministry Limits Senior Managers to 4-Year Terms
Monday, July 30, 2018 Iran's Oil Minister Bijan Namdar Zanganeh is imposing 4-year term limits for all top oil managers at state-run energy companies.
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.
Saudi's SABIC Expects 2H Positive Growth; Eyes Overseas Expansion
Monday, July 30, 2018 SABIC expects positive growth in the second half of this year.
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.
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.
Houthi Attack Damages Saudi Ship Off Yemen's Coast
Wednesday, July 25, 2018 Yemen's Houthis attacked a Saudi oil tanker in the Red Sea, causing slight damage, an Arab coalition says.
Saudi Aramco Taps Saipem for Pipeline System Contract
Wednesday, July 25, 2018 Saipem has won onshore contracts in Asia, Europe, North America and Africa totaling approximately $800 million.
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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