Industry Headlines News for Middle East


Results 50 articles shown

Iran Sanctions and the Oil Market: Three 'What If' Scenarios
Friday, May 25, 2018 It's unclear whether the US will have company in re-imposing sanctions on Iran.

Under Pressure From Trump, Saudis Put Brakes on Oil's Rally
Friday, May 25, 2018 The world's largest oil exporter just made quite a policy swerve.

Oil Plunges Most in 11 Months as Saudis Hint Taps Will Open Up
Friday, May 25, 2018 Oil prices fell the most in 11 months in New York as Saudi Arabia said it expects OPEC and its partners to boost supplies.

Three Drilling Contractors Advance in Rigzone Employer Survey
Thursday, May 24, 2018 Three drilling contractors posted year-on-year gains in the ranking for that industry group in Rigzone's 2018 Ideal Employer Survey.

ExxonMobil CEO's Solution on Shares: Drill Big, Drill Better
Thursday, May 24, 2018 Darren Woods is mounting a strong defense of his plan to rescue ExxonMobil from its share-price slump.

BLOG: Connectivity Threatens to Hinder IoT in Energy Sector
Thursday, May 24, 2018 While the energy industry pushes forward with newer technologies, there do lie some challenges.

Oil Slips Further Below $80/Bbl On Talk OPEC May Lift Output
Thursday, May 24, 2018 Oil prices fell about $1, with expectations building that reduced supplies from Venezuela and Iran could prompt OPEC to wind down output cuts.

The $100 a Barrel Oil Wager Comes Back to the Options Market
Wednesday, May 23, 2018 Talk that prices could top that barrier over the next 12 months is gaining traction.

Oil Falls On Shock US Stock Builds, OPEC Supply Worries
Wednesday, May 23, 2018 Oil benchmarks fell after an unexpected build in US crude and gasoline inventories.

Top 10 Drilling Contractors Oil, Gas Professionals Want to Work For
Tuesday, May 22, 2018 Rigzone outlines the top 10 drilling contractors oil and gas professionals want to work for, according to its latest Ideal Employer Survey.

BP To Cut 3% Of Upstream Jobs By Year-End
Tuesday, May 22, 2018 BP says it plans to cut 3% of jobs in exploration and production.

Goldman Sachs: Oil Producers Boost 2019 Hedging
Tuesday, May 22, 2018 Oil producers have picked up the pace in hedging against further production in 2019, Goldman Sachs says.

Oil Holds Near 3-Year High Amid Venezuela Sanction Concerns
Tuesday, May 22, 2018 Oil settled slightly lower after trading near the highest price in almost 3 1/2 years.

Saudi Arabia Assures On Supply As Oil Hits $80 A Barrel
Friday, May 18, 2018 Saudi Arabia says it is consulting other oil producers in and outside OPEC to ensure the world has adequate supplies to support economic growth.

Oil Prices Fall, Brent Notches Sixth Week Of Gains
Friday, May 18, 2018 Oil prices fell, but Brent crude marked its sixth straight week of gains.

Kemp: Rising Oil Prices Herald Next Phase In Cycle
Thursday, May 17, 2018 Oil prices are now in the top half of the cycle, with benchmark Brent trading above $80 per barrel for the first time since November 2014.

Oil Steady After Retreating From 2014 Highs On Dollar Strength
Thursday, May 17, 2018 Oil prices climbed above $80 a barrel for the first time since November 2014.

Analysts: 'We See Prices Trading Into the $80-90 Per Barrel Range'
Wednesday, May 16, 2018 The price of Brent Crude oil will average between $80 and $90 per barrel in the 2020s, according to oil and gas analysts at BMI Research.

IEA Warns Global Oil Demand May Suffer As Crude Nears $80
Wednesday, May 16, 2018 Global demand for oil is likely to moderate this year, as the price of crude nears $80 a barrel and many key importing nations no longer offer consumers generous fuel subsidies, the IEA says.

Total Stops Iran Gas Project as Risk From Sanctions Too High
Wednesday, May 16, 2018 Total says it will not risk investing in Iran following the return of US sanctions, unless it can secure a waiver.

Oil Reaches Highest Since Late 2014 After US Surplus Shrinks
Wednesday, May 16, 2018 Crude settled at the highest since 2014 as shrinking US oil, gasoline and diesel stockpiles signaled tightening global supplies.

Analysts: Risk of OPEC, NOPEC Output Deal Compliance Slippage Increases
Tuesday, May 15, 2018 The risk of OPEC, non-OPEC production deal compliance slippage has increased with U.S. President Trump's decision to withdraw from the Iranian nuclear accord, analysts say.

BLOG: Poor Mental Health in Oil, Gas Industry 'At All-Time High'
Tuesday, May 15, 2018 Poor mental health in the oil and gas industry is at an all-time high, says The Sober Advantage's David Steward.

Rigzone Survey Spotlights Midstream Workers' Top Companies
Monday, May 14, 2018 Results from Rigzone's Ideal Employer Survey reveal the top companies, according to midstream respondents.

Total, Shell Sign Energy Development Agreements with Oman
Monday, May 14, 2018 Total and Shell sign energy development agreements with the government of Oman.

With Glut Almost Gone, OPEC Still Cuts More Than Oil Pact Demands
Monday, May 14, 2018 A global oil glut has been virtually eliminated, figures published by OPEC show.

Oil Gains While US Crude's Discount To Brent Deepens
Monday, May 14, 2018 Oil prices rose as OPEC reported that the global oil glut has been virtually eliminated.

An Upstream Comeback with Less Splash but More Cash?
Friday, May 11, 2018 Capital spending with free cash flow, rather than debt, is a hallmark of the 'new normal.'

Oil Prices Fall As Iran Nuclear Deal Retains Support
Friday, May 11, 2018 Crude prices fell in a see-saw session, retreating after early gains.

Rigzone's Employer Survey Reveals the Best Oil, Gas Company to Work For
Thursday, May 10, 2018 Find out which company ranked as the number one oil and gas company to work for.

Crude Holds Above $71 With Global Turmoil Seen at Bay for Now
Thursday, May 10, 2018 Oil holds on to its gains above $71.

WTI Crude Price 'Will Struggle' to Stay Above $75
Wednesday, May 09, 2018 West Texas Intermediate (WTI) crude oil prices will struggle to move sustainably above $75 per barrel this year, analysts say.

Big Gulf Arab Economies May Be Winners As US Exits Iran Deal
Wednesday, May 09, 2018 Now, Riyadh faces an ideal situation.

Oil Jumps as Supplies Shrink, Trump Seeks Curbs on Iranian Crude
Wednesday, May 09, 2018 Crude surges past $71 for the first time since 2014.

Iran Prepares To Export New Oil Grade Amid Sanctions Threat- Sources
Tuesday, May 08, 2018 Iran is readying the first commercial exports of its West Karoun crude oil grade for May or June, 2 sources familiar with the matter said, even as fresh economic sanctions against the country loom.

Oil Rebounds as Trump Dumps Iran Deal, Promises New Sanctions
Tuesday, May 08, 2018 Crude rebounded from earlier losses after President Trump withdrew from the Iranian nuclear accord and said new sanctions will be imposed.

Oil Faces a Month of Mayhem as Geopolitical Risks Proliferate
Monday, May 07, 2018 There are several dates coming up which could have a significant impact on global oil supply and demand.

Total at Risk of Losing Gas Field Stake to CNPC If It Quits Iran
Monday, May 07, 2018 Total, the only Western energy major investing in Iran, will lose its stake in the South Pars natural gas field to its Chinese partner if the Paris-based company withdraws from the country.

BLOG: Four Things You Need to Know About Living Offshore
Monday, May 07, 2018 Here are a few pieces of advice for newcomers to life offshore.

Oil Surges On Venezuela-Conoco Dispute, Iran Sanction Worries
Monday, May 07, 2018 Oil prices rose for the fourth straight day to hit levels not seen since late 2014.

Oil Hits Highest Since Nov. 2014 As Iran Tensions Mount
Friday, May 04, 2018 Oil prices rose about 2% with US crude hitting its highest in more than three years.

OTC 2018: McDermott Exec Sees More Enthusiasm in Middle East
Thursday, May 03, 2018 The outlook for oil and gas operators and technology and service providers in the Middle East is growing rosier and more competitive, an executive with McDermott told Rigzone.

Oil Up On OPEC Output Cuts, Worries About Iran Sanctions
Thursday, May 03, 2018 Oil prices rose, boosted by OPEC production cuts and the potential for new US sanctions against Iran, but gains were limited

Saudi Arabia's Economic Revamp Is Still an Oil Story
Wednesday, May 02, 2018 Saudi Arabia's efforts to shore up public finances and revive economic growth are still pretty much dependent on oil prices.

Oil Gains Slightly After Fed Sees Economy Growing At A 'Moderate Rate'
Wednesday, May 02, 2018 Oil prices strengthens slightly ahead of the settlement Wednesday.

Big Oil Investors Show They Want More Than Just Profit
Tuesday, May 01, 2018 Big Oil's investors took a bruising for nearly three years as oil prices bumped along decade lows. Now they want payback.

Oil Slumps as Traders Brace for Supply Increase, Stronger Dollar
Tuesday, May 01, 2018 Oil falls the most in more than 3 weeks as traders anticipate another rise in US storage, while a stronger dollar takes the shine off commodities.

Hackers Hit 'Cyber Blind Spot' While US Energy Industry Naps
Monday, April 30, 2018 How much is cyber security worth to the US energy industry? Not a whole lot apparently.

OTC 2018: Optimism Around Offshore Sector Increasing
Monday, April 30, 2018 There's an increasingly optimistic mood around the oil and gas industry, Chevron says.

Oil Rises as 'Alarm Bells' Sound Over Unraveling Iran Nuke Deal
Monday, April 30, 2018 Crude rose after Israeli intelligence about Iranian nuclear ambitions heightened concern an international accord may unravel.

Find More Articles with an Advanced Search
The results on this page are limited to showing the 50 most recent articles for this category, region, and date range combination.For more articles, please perform an Advanced Article Search.