Industry Headlines News for South America

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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.

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.

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.

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.

Venezuela Suggests Ready To Pay After Conoco Moves On Its Caribbean Assets
Thursday, May 10, 2018 Venezuela rejected ConocoPhillips's moves to seize the country's Caribbean assets to collect on a $2 billion arbitration award.

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.

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.

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.

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.

Man Who Ran Venezuelan Oil Giant for Decade Predicts Fast Demise
Friday, May 04, 2018 Rafael Ramirez says the state producer he ran for almost 10 years is on the brink of collapse.

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.

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

Guyana's Production Ramp-up Demands Compliance Changes, New Infrastructre
Wednesday, May 02, 2018 ExxonMobil anticipates 450,000 barrels per day of oil production from the South American country by 2020.

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.

ExxonMobil Misses, Chevron Crushes Estimates in Mixed Day for Big Oil
Friday, April 27, 2018 For the biggest US oil explorers, the first quarter was a study in contrasts.

OPEC Cuts May Go Deeper as Another Member Sees Output Slump
Friday, April 27, 2018 While plunging output in Venezuela captures the oil world's attention, problems are quietly festering in another OPEC nation.

TECH SHOWCASE: Promoting 'Cybersecurity Hygiene'
Friday, April 27, 2018 Oil and gas companies' digital and IoT systems can succumb to an ongoing threat.

Oil Stuck Near $68 as Questions Swirl Around Iran Nuclear Deal
Friday, April 27, 2018 Oil circles around $68 a barrel as traders sift mixed messages on the Iran nuclear deal.

Venezuela Hails $2B Award As 'Tough Lesson' For Conoco
Thursday, April 26, 2018 Venezuela says a $2.04 billion award to ConocoPhillips over a decade-old nationalization was a 'tough lesson.'

Analysts: Utility Investment Will Become Increasingly Favored by Oil Majors
Thursday, April 26, 2018 Investment into the utility space will become an increasingly favored strategy by oil majors, according to analysts at BMI Research.

Jobs in Engineering Rank High for Fresh Graduates
Thursday, April 26, 2018 Of more than 100 entry-level jobs, engineering jobs are best for recent graduates, according to WalletHub.

Oil Prices Gain On Iran Sanctions Worries
Thursday, April 26, 2018 Oil prices gain as the risk of renewed US sanctions on Iran.

Total, Google Cloud Team Up to Develop Oil, Gas AI Solutions
Wednesday, April 25, 2018 Total and Google Cloud sign an agreement to jointly develop AI solutions.

Oil Prices Rise On Geopolitical Worries, Shrugs Off US Build
Wednesday, April 25, 2018 Oil prices rose despite data showing rising US inventories.

Report: EMU Deal Activity Shifting Toward Power, Utilities
Tuesday, April 24, 2018 Energy, mining and utilities deals have long been dominated by oil and gas transactions, but now they appear to be moving closer toward the power and utilities space.

Frackers Preach Patience on Payoff From $70 Oil, Growth in Shale
Tuesday, April 24, 2018 The world's biggest oilfield service companies have a message for investors: There's a payoff for patience.

More Countries Needed In OPEC, Non-OPEC Pact - UAE's Al Mazrouei
Friday, April 20, 2018 Further oil producers need to join OPEC and non-OPEC producers in curbing supply, UAE oil minister Suhail Mohamed Al Mazrouei tells a German newspaper.

Does a Digitization Domino Effect Await Oil and Gas?
Thursday, April 19, 2018 AspenTech survey reveals major obstacles in oil and gas firms' quest to digitize.

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