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WTI, Brent Gain at Cusp of Tight Market
Monday, September 24, 2018 "The market is starting to realize that strong global demand and the lack of spare production capacity is going to lead to one of the tightest markets we've seen in a long time," said one analyst.
Deepwater's Happy Days Almost Here Again
Monday, September 24, 2018 Deep-sea oil drillers are once again riding the wave of investor enthusiasm that next year will be better for profits.
Lower for Longer's Days May Be Numbered
Monday, September 24, 2018 The commitment to live with "lower for longer" oil might not last that long after all.
OPEC Gives Tepid Response to Trump Demand
Monday, September 24, 2018 Brent crude climbed above $80 a barrel to its highest level since November 2014 after OPEC and its allies signaled less urgency to boost output, despite U.S. pressure to temper prices.
$11 Trillion Needed in Oil Sector to 2040
Monday, September 24, 2018 In the period to 2040, the required global oil sector investment is estimated at $11 trillion.
Strike Action Ballot Confirmed by UK Union
Monday, September 24, 2018 UK union Unite confirms that its members covered by the Offshore Contractors Association agreement are to be balloted on industrial action.
Return of $100 Oil Seen by Top Traders
Monday, September 24, 2018 Major oil trading houses are predicting the return of $100 crude for the first time since 2014.
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.
Executive Tackles Disruptions in Energy Transition
Friday, September 21, 2018 Oil and gas executives discuss possible disruptions the industry faces during the Houston Energy Breakfast.
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.
Russia's Biggest Oil Producers Enjoy Record Production and Ruble Rally
Friday, September 21, 2018 Russia's oil and gas companies are living through the best of times.
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.
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.
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.
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.
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!'
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.
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.
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.
WTI Passes $71 Mark on Crude Stocks Draw
Wednesday, September 19, 2018 WTI crude oil benchmark rose by nearly 2%.
Does Private Equity Have a Future in Deepwater Gulf of Mexico?
Wednesday, September 19, 2018 New analysis by Wood Mackenzie takes a look at private equity in the US Gulf of Mexico, exploring operational strategies and potential risks.
The $13 Billion Offshore Jobs Engine
Wednesday, September 19, 2018 There's plenty of work available sunsetting offshore platforms.
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.
WTI Up 1.4 Percent But Stays Sideways
Tuesday, September 18, 2018 West Texas Intermediate benchmark continues trend.
Trump Relaxes Obama Curbs on Flaring Gas From Wells on US Land
Tuesday, September 18, 2018 The Trump administration finalized a rollback of Obama-era limits on methane that is leaked, vented or flared from oil and gas wells on federal lands.
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.
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.
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.
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.
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.
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.
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.
Safety, Not Fashion, is Main Driver Behind New Women's Gear in Oil and Gas
Monday, September 17, 2018 Entrepreneur Jane Henry sets her sights on solving the issue of ill-fitting women's PPE by creating products that will help them work safer and more efficiently.
Oil Magnate Riddell Dies at Age 81
Sunday, September 16, 2018 Clayton Riddell, who founded Canadian oil company Paramount Resources Ltd. and co-owned the NHL's Calgary Flames ice hockey team, has died.
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.
Venezuela Hands China More Oil Presence, But No Mention Of New Funds
Friday, September 14, 2018 Venezuela gave China another stake in the OPEC member's oil industry and signed several other deals in the energy sector.
Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
Friday, September 14, 2018 US energy companies this week added oil rigs for the second time in the last three weeks.
Permian Highways Desperate for Traffic Relief
Friday, September 14, 2018 US Highway 285 is a major north-south route within the Permian Basin of West Texas and southeastern New Mexico, and it's seen better days.
Iran Says Oil Market Is Too Tight For US Zero Exports Target
Friday, September 14, 2018 The US will find it difficult to cut Iran's oil exports completely as the oil market is already tight and rival producers cannot make up the shortfall, official says.
Crude Oil Whipsaws on Demand Concerns
Thursday, September 13, 2018 October WTI fell by 2.5%, erasing earlier gains this week.
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.
The $20B Race to Eclipse Norway's Elite Oil Producers
Thursday, September 13, 2018 The race is on to become Norway's biggest non-state oil company.
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.
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.
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.
Meet the Shalennials: CEOs Under 40 Making Millions in Texas Oil
Wednesday, September 12, 2018 Dozens of young entrepreneurs, mostly in their 30s, are running private-equity-backed companies in the frenzied boom in West Texas and New Mexico that may each be worth billions of dollars.
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.
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 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.
Norway Poised to Tussle with Global Giants in German Gas Market
Wednesday, September 12, 2018 After supplying Europe's biggest economy with natural gas for more than 4 decades, Norway is preparing to defend its share as the world's biggest producers all vie for a larger slice of the $21 billion market.