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UKCS Player Signs $400MM Acquisition Agreement
Friday September 21, 2018
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Verus Petroleum signs an agreement for the acquisition of Cieco Exploration & Production (UK) Limited, a wholly owned subsidiary of ITOCHU Corporation.
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UKCS Player Signs $400MM Acquisition Agreement
Friday, September 21, 2018 Verus Petroleum signs an agreement for the acquisition of Cieco Exploration & Production (UK) Limited, a wholly owned subsidiary of ITOCHU Corporation.
OPEC Squabbles Lose Relevance as Saudis and Russia Set the Agenda
Friday, September 21, 2018 OPEC and its allies seem poised for another contentious meeting in Algeria this weekend.
BP Launches Skills Refinery to Improve Student Employability
Friday, September 21, 2018 BP launches the Skills Refinery, a new global online portal that aims to improve students' employability.
Trump's Blow to Iranian Oil Sparks Curious Price Divergence
Friday, September 21, 2018 The relationship between two major oil benchmarks is charting an unexpected course.
Shipping Lobby Proposes Phased Start to Historic Fuel Change
Friday, September 21, 2018 The shipping industry is pressing for a phased start when tough new rules governing vessel fuel get under way in fewer than 16 months' time.
Oil Rises as Supples Wane at America's Key Inland Storage Site
Friday, September 21, 2018 Oil climbed in New York as the supplies stowed at the biggest US storage hub dwindled.
Machine Learning to Transform Oil and Gas Industry
Thursday, September 20, 2018 In the age of Big Data, the oil and gas industry is taking cues from technology companies to transform its E&P operations.
OPEC's Decade of Turmoil Leaves Cartel Seeking a New Way Forward
Thursday, September 20, 2018 OPEC's 60-year history has rarely confronted a more challenging period than the past decade.
UK Union Members Ask Total CEO to Intervene in Dispute
Thursday, September 20, 2018 Members of UK union Unite at Total E&P have written an open letter to Patrick Pouyanne, chairman and CEO of Total, requesting his personal intervention in a dispute.
Trump Presses OPEC to Reduce Prices as Crude Trades Near $80
Thursday, September 20, 2018 US President Donald Trump resumes his criticism of OPEC, saying on Twitter that the cartel 'must get prices down now!'
RWE Adds African Producers to Talks on Supplying German Terminal
Thursday, September 20, 2018 Africa is joining Qatar and the US on the list of potential suppliers of liquefied natural gas to Germany's first import terminal for the fuel.
Offshore Investments to Outpace Shale in 2019
Thursday, September 20, 2018 Rystad reports that investments in offshore projects will be higher than shale investments, shake-up from previous years.
Exxon, Chevron and Occidental Oil and Gas Climate Group
Thursday, September 20, 2018 Supermajors Exxon and Chevron along with Occidental Petroleum are the latest three companies to join group committed to addressing climate change.
Crude Oil and Gasoline Tumble in Twitterverse Tizzy
Thursday, September 20, 2018 Just one of the four commodity benchmarks Rigzone tracks was unfazed by a tizzy in the Twitterverse.
Oil Near Week's High as Supply Data Tempers Saudi View on Prices
Wednesday, September 19, 2018 Brent oil held near the highest level in a week as investors weighed a potential gain in US crude stockpiles against Saudi Arabia's comfort with prices rising above $80 a barrel.
The $13 Billion Offshore Jobs Engine
Wednesday, September 19, 2018 There's plenty of work available sunsetting offshore platforms.
WTI Passes $71 Mark on Crude Stocks Draw
Wednesday, September 19, 2018 WTI crude oil benchmark rose by nearly 2%.
OPEC Warns of Threats to Oil Supply from Iran and Other Producers
Tuesday, September 18, 2018 The Organization of Petroleum Exporting Countries is concerned by threats to crude supply from large producers such as Iran, according to the group's top official.
Shell UK Outlines New Work Rota for Central North Sea Assets
Tuesday, September 18, 2018 Shell UK reveals Tuesday that it will change its offshore operating model on its central North Sea assets.
Oil Rises as Saudis Said to Be Content with Prices Over $80
Tuesday, September 18, 2018 Oil rose as Saudi Arabia was said to be comfortable with Brent crude exceeding $80 a barrel.
WTI Up 1.4 Percent But Stays Sideways
Tuesday, September 18, 2018 West Texas Intermediate benchmark continues trend.
OPEC Sees Need to Keep Oil Supply Deal as Demand Faces Headwinds
Monday, September 17, 2018 OPEC needs to keep working with other oil producers to manage global supplies as demand for crude faces 'headwinds,' the head of the organization said.
UK Union Postpones North Sea Strike
Monday, September 17, 2018 UK union Unite postpones a 12-hour strike scheduled for Monday on the Alwyn, Dunbar and Elgin platforms in the North Sea.
Shell Outlines Methane Emissions Intensity Target for O&G Assets
Monday, September 17, 2018 Royal Dutch Shell plc announces a target to maintain methane emissions intensity below 0.2% by 2025.
UK West Shetland Seismic Survey Acquisition Commences
Monday, September 17, 2018 CGG commences the acquisition of a seismic survey in the UK West Shetland basin.
Tale of Two Oil Markets: Brent Bulls Split From US Optimists
Monday, September 17, 2018 For oil investors, this is both the best of times and the worst of times, depending on which crude benchmark you trade.
Crude See-Saws as Supply Crunch Muted by Impending Demand Drop
Monday, September 17, 2018 Oil capped recent gains as international supply concerns were overshadowed by a looming demand drop.
Crude Caps Weekly Advance as Iran Sanctions Bite Into Supply
Friday, September 14, 2018 Crude posted a third weekly advance out of four as Iranian sanctions take center stage.
Oil Slips as Economic Concerns Counter Tightening Supplies
Thursday, September 13, 2018 Oil prices fell on Thursday, reversing some of the strong gains from the previous session.
Saudis Hire Ex-Solicitor General Olson to Lobby Against NOPEC
Thursday, September 13, 2018 Saudi Arabia is taking no chances with the longshot NOPEC bill, hiring former Solicitor General Ted Olson as a lobbyist to campaign against the act.
Lancaster EPS Subsea Installation Completed
Thursday, September 13, 2018 Hurricane Energy says the installation of subsea umbilical, risers and flowlines for the Lancaster Early Production System has been 'successfully completed'.
Lyon Well Offshore UK Deferred Until 2019
Thursday, September 13, 2018 The drilling of the offshore UK Lyon exploration well has been deferred until 2019, Siccar Point Energy has revealed.
IEA Warns of Higher Oil Prices as Iran and Venezuela Losses Deepen
Thursday, September 13, 2018 The IEA warns that oil prices could break out above $80 a barrel unless other producers act to offset deepening supply losses in Iran and Venezuela.
Crude Oil Whipsaws on Demand Concerns
Thursday, September 13, 2018 October WTI fell by 2.5%, erasing earlier gains this week.
UK Union Members Emphatically Reject Revised Total Pay Offer
Wednesday, September 12, 2018 UK union Unite says its members have 'emphatically rejected' a revised pay offer by Total.
Oil and Gas Sales Value in Scotland Rises Almost 20 Percent
Wednesday, September 12, 2018 The approximate sales value of oil and gas produced in Scotland in the 2017-18 financial year is estimated to be $26 billion (GBP 20 billion), according to a new report released Wednesday.
OPEC Sees Slower 2019 Oil Demand Growth, Warns On Economy
Wednesday, September 12, 2018 OPEC further trimmed its forecast for 2019 global oil demand growth and said the risk to the economic outlook was skewed to the downside.
Oil Hovers Near $80 A Barrel As Concern Grows Over Global Supply
Wednesday, September 12, 2018 Oil eased, having neared its highest level this year after a drop in US crude inventories.
WTI Clears $71, Brent Flirts with $80
Wednesday, September 12, 2018 The latest batch of US crude inventory figures from the API contributes to bullish oil price movements during midweek trading.
Oil Prices Climb Ahead of US Sanctions on Iran
Tuesday, September 11, 2018 Oil prices rose on Tuesday as US sanctions squeezed Iranian crude exports.
West of Shetland Touted as Place to be for UK Growth
Tuesday, September 11, 2018 For UK growth, the West of Shetland is the place to be, according to a new report by Wood Mackenzie.
Shippers Fear Engine Failures as Industry is Forced to Upgrade its Fuel
Tuesday, September 11, 2018 Add oil tankers breaking down at sea to the list of things shipping companies are worrying about as they brace for a once-in-a-generation overhaul to the kind of fuel the industry must consume.
WTI Rises 2.5 Percent on Hurricane Threat
Tuesday, September 11, 2018 Crude oil and reformulated gasoline surged as three named tropical systems churned in the Atlantic Ocean.
New Report Predicts When Gas Will Become Dominant Energy Source
Monday, September 10, 2018 New report from DNV GL outlines when gas will overtake oil demand to become the dominant energy source.
Oil Steadies As US Inventory Concerns Curb Gains
Monday, September 10, 2018 Oil prices were mixed, pulling back from an early rally after data suggested US crude inventories might build, weighing on the market.
EnQuest Launches $138MM Rights Issue To Buy All Of Magnus Oilfield
Friday, September 07, 2018 EnQuest, which already owns a quarter of the Magnus oilfield, launches a rights issue to help it buy the rest from BP.
New Study Reveals UKCS Could Save $1.9B Annually through Data Analytics
Friday, September 07, 2018 Adopting data analytics and digital technologies for asset maintenance and operations could increase production and lower maintenance costs worth $1.9 billion annually to the UKCS, according to a new study.
UK Offshore Oil Industry Welcoming Over 100 Apprentices in September
Friday, September 07, 2018 A total of 105 students will join the industry in September through the Oil and Gas Technical Apprentice Program.
Serica Agrees with BP to Extend Completion Timetable for BKR Transaction
Friday, September 07, 2018 Serica Energy agrees with BP to extend the completion timetable for the BKR transaction to early November.
5 Reasons Your Wells Are Not Delivered On Time
Friday, September 07, 2018 As the oil and gas market begins to swing up, this article troubleshoots the roadblocks to timely well delivery that industry leaders face.
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