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News Topics: Analysis & Trends

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Vietnam's PV Drilling Shelves Fleet Expansion, Waits on Market Recovery
Friday, March 06, 2015 PV Drilling is putting fleet expansion on hold as operating dayrates soften on lower offshore drilling activity.

Progress, Challenges Seen in Implementing Digital Oilfield Technology
Friday, March 06, 2015 The oil and gas industry is only halfway in its journey towards implementing and gaining value from digital oilfield technology.

Oil Price Plunge Pulling Calgary's Housing Market Down With It
Thursday, March 05, 2015 A plunge in crude prices is pulling Calgary's housing market with it.

Small, Medium or 'Right-Sized', Incremental Projects Broaden LNG's Reach
Thursday, March 05, 2015 Smaller liquefaction projects represent a growth area for the LNG sector.

It's Time to Remove the Prohibition to Export Crude Oil
Thursday, March 05, 2015 The law banning crude oil exports prevents crude oil producers in the US from participating in free trade of a commodity that is traded worldwide, Alex Mills says.

Hays: Changing LNG Phase Helps Position Australia for Oil Plunge
Wednesday, March 04, 2015 Falling oil price has not only forced petroleum companies to shift their outlook, but also HR firms sourcing personnel for projects and operations, the Australian arm of Hays reveals.

Kemp: Lessons For US Oil Production From The Gas Industry
Wednesday, March 04, 2015 The gas industry's experience is especially relevant now given the plunge in oil prices and new drilling since June 2014.

Obama Administration Should Abide By 'All of the Above' Approach to Energy
Tuesday, March 03, 2015 IAGC President Ken Wells calls on the Obama Administration to truly commit to an "all of the above" energy policy.

Industrial Radio Cuts through Noise of Digital Oilfield
Tuesday, March 03, 2015 Industrial radio technology can help cut through the noise at oil and gas exploration and production sites as the industry employs more wireless systems.

Jackup Safety: Q&A with ABS
Monday, March 02, 2015 Rigzone talks to David Forsyth chief surveyor at the American Bureau of Shipping about jackup safety.

Cheap Oil Threatens Debt Squeeze for Smaller UK North Sea Producers
Monday, March 02, 2015 Small and mid-sized independent oil producers in the British North Sea could face a financing squeeze this year as banks cut lending linked to the value of oil reserves, following last year's oil price sell off.

E&P Oil Firms Using Stock Sales To De-Lever
Friday, February 27, 2015 Exploration and production companies are bracing for a sustained period of low commodity prices by deleveraging through stock sales - and well-funded firms are surprisingly leading the way.

Angola Hopes To Turn Around Falling Oil, Gas Output
Thursday, February 26, 2015 Angola plans to increase its oil production by 20% by next year after suffering a difficult 2014.

Top Oil Drillers Face Years Of Pain, Get A Grip On Cost
Thursday, February 26, 2015 The world's biggest offshore drillers reports plunging earnings and orders but manages to get a grip on costs to improve their chances of riding out a sectoral crisis that could last.

UK Oil & Gas Authority Issues 'Call to Action'
Wednesday, February 25, 2015 A report from the new Oil & Gas Authority issues a "call to action" to protect and sustain the UK oil and gas industry.

Kemp: Bakken Oil Drillers Retreat To The Core
Wednesday, February 25, 2015 North Dakota's oil producers pull back to the core areas of the Bakken formation to cut costs and maximize output amid the slump in prices.

Some Asian Drilling Firms Plan to Carve Niches in Current Downturn
Wednesday, February 25, 2015 While the fortunes of petroleum companies tumble in line with lower oil prices, some Asian drilling contractors hope to carve niches in this adverse business climate.

New Oil Rush? Private Equity Starts To Buy Into Energy Assets
Tuesday, February 24, 2015 A slump in oil prices has spurred activity among private equity investors around the world hoping for their own bumper returns by scooping up assets on the cheap.

Oil Prices Leave Uneven Impact on Offshore Sector
Tuesday, February 24, 2015 Despite cost reductions dominating news headlines in the petroleum industry, in reality, weak oil prices have an uneven impact on firms operating in the offshore sector.

Latest Activity Survey 'Paints Bleak Picture' of UK Oil, Gas Sector
Tuesday, February 24, 2015 Oil & Gas UK's latest Activity Survey report "paints a bleak picture" of the industry on the UK Continental Shelf.

Balance, Efficiency Key to Hess Weathering Low Oil Price Storm
Monday, February 23, 2015 Rigzone talks with Hess' Senior Vice President of Offshore Brian Truelove on the company's strategy for weathering the low oil price environment.

US Shale Oil's Crash Diet Likely To Bring Forward Output Dip
Monday, February 23, 2015 Shale oil producers are throttling back so quickly on drilling that US crude output could fall sooner than expected, within months, executives say.

Environmental Activists Target Flaring Of Natural Gas
Friday, February 20, 2015 However, allegations from environmentalists pick only certain information that is frequently undocumented and lacks scientific credibility.

GE Oil & Gas Adjusts Recruitment Strategy
Friday, February 20, 2015 Rigzone catches up with Harry Elsinga, VP Human Resources at GE Oil & Gas.

Kemp: Shale Producers Postpone Oil Well Completions
Friday, February 20, 2015 US shale producers are postponing well completions to conserve cash and defer production until prices recover, says John Kemp.

PwC: Energy CEOs Short-Term Growth Threats, Long-Term Optimism
Thursday, February 19, 2015 Energy CEOs are looking to tools such as digital technologies to weather the oil price downturn and prepare for future growth, according to a PwC survey.

Activist Investors Dig Deep In Energy Company Bets
Thursday, February 19, 2015 Elliot Management and Omega Advisors are among activist hedge funds buying stakes in North American oil and gas producers whose stock has fallen because of weaknesses exposed by the collapse of energy prices.

Project Would Nearly Triple Eaglebine/Woodbine Oil Pipeline Capacity
Thursday, February 19, 2015 A $300 million pipeline would give Texas Gulf Coast refineries better access to coveted Eaglebine/Woodbine crude oil.

BP Says 2014 Oil Output At Azeri Projects Slightly Down, Gas Up
Thursday, February 19, 2015 Oil output from BP-led oilfields in Azerbaijan falls, driving a decline in the country's total oil production.

Opportunity to Grow Indigenous Employment in Australia
Wednesday, February 18, 2015 Australia's oil and gas industry has focused on increasing Indigenous participation, but, as Rigzone finds out, more could be done.

Study: Oil Price Downturn Creates Need for 'Cost Culture' in Industry
Tuesday, February 17, 2015 Companies across all sectors of the oil and gas industry will need to create a "cost culture" to survive the recent downturn in oil prices, according to a study by AlixPartners.

BP's 2035 Outlook Sees OPEC Oil Gaining Ground As US Shale Slows
Tuesday, February 17, 2015 OPEC will regain ground and exceed its historic record production levels by 2030 as US shale oil growth flattens out in the coming years, BP says.

IEA's Birol Says Middle East Militancy Poses 'Major Challenge' For Oil
Tuesday, February 17, 2015 The rise of the Islamic State (IS) in Iraq and Syria presents a major challenge for the investment necessary to prevent an oil shortage in the next decade, the IEA's top economist says.

Thanks to Shale Production, Permian is the Economic Gift That Keeps Giving
Monday, February 16, 2015 Even with the recent oil price decline, shale energy is helping spur economic opportunity throughout the Texas.

Kemp: US Shale On More Sustainable Course After Price Rally
Monday, February 16, 2015 US shale producers respond even more quickly to lower oil prices than analysts expected.

Safety, Efficiency Features Smooth Way for Offshore Helicopter Flights
Friday, February 13, 2015 Automation will play a greater role in helicopter technology to meet the needs for greater safety and efficiency.

Production Gain, Price Decline Lead To News Stories
Friday, February 13, 2015 Many news stories have surfaced about the increase in oil and natural gas production in the US, the resulting decline in price, and the fallout that comes with such a dramatic drop in oil prices.

Kemp: Mass Layoffs Complicate Oil Industry's Long-Term Plans
Friday, February 13, 2015 The challenge is recruiting, training and retaining workers and maintaining an appropriate long-term labor force in an industry stuck with a profound boom-bust cycle, analyst John Kemp says.

Southeast Asian NOCs Adapt to Lower Oil Prices
Thursday, February 12, 2015 Southeast Asian national oil companies are dealing with uncertainties caused by the current slump in oil prices, with several re-prioritizing their objectives despite rising energy demand.

Rig Trends: Idle Times Ahead for Offshore Rig Fleet
Wednesday, February 11, 2015 Rig owners are retiring older rigs and making plans to cold stack others in an effort to reduce costs in the current market climate.

UK Subsea Sector Set for Two Tough Years
Wednesday, February 11, 2015 Trade body Subsea UK says the UK subsea industry is set for two years of tough times, but the sector could see a significant recovery between 2017 and 2019.

WoodMac: SCOOP Core 'On Par' with Eagle Ford, Bakken Plays
Tuesday, February 10, 2015 Although the South-Central Oklahoma Oil Province (SCOOP) region will see setbacks, Wood Mackenzie analysts "expect it to bounce back quickly in 2016," according to its latest key play analysis.

Falling Oil Prices, Unrest Threaten Nigeria's Credit Rating
Tuesday, February 10, 2015 Standard & Poor's Ratings Services warns that it might downgrade Nigeria's credit rating, citing tumbling oil prices and political unrest.

Musings: Falling Rig Count Gives Hope For Oil Industry Recovery
Tuesday, February 10, 2015 Below the surface, there may be some variances in the pace of decline of the various drilling rig types that could moderate the optimism of a quick production reaction.

JDC Lines Fleet Expansion, Eyes Drilling Demand Recovery
Tuesday, February 10, 2015 Japan Drilling Co. embarks on fleet expansion as it believes rig demand will improve in the offshore drilling market within the next couple of years.

Genel's Hayward Warns Over Iraq's Oil Growth Amid Low Prices
Tuesday, February 10, 2015 The head of Iraqi Kurdistan-focused oil producer Genel says Iraq's crude output will grow far slower than many expect as the drop in oil prices reduces investment in the country.

Rosneft's Sechin Slams OPEC, Warns on Possible Oil Shortage
Tuesday, February 10, 2015 The head of Russia's leading oil producer, Igor Sechin, warns lower oil output may leads to a supply shortage as early as the fourth quarter of this year.

Oil on Wild Ride; How Will It End?
Tuesday, February 10, 2015 The price of oil is on a wild ride, and there is little agreement on where it's headed.

Kemp: US Businesses Brace For Oil Investment Downturn
Tuesday, February 10, 2015 The sharp downturn in prices will have a negative impact on business investment in the short term before the positive impact on consumer spending takes over further down the line.

IEA: US Oil Output 'Party' to Last to 2020
Tuesday, February 10, 2015 The US will remain the world's top source of oil supply growth up to 2020, even after the recent collapse in prices, the IEA says, defying expectations of a more dramatic slowdown in shale growth.

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