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US Fuels the World as Shale Boom Powers Record Oil Exports
Tuesday, December 12, 2017 The world's largest oil consumer exported more hydrocarbons than ever before in 2017 and shows no signs of slowing down.
Russia Aims To Win 15-20% Of Global LNG Market - Novatek CEO
Tuesday, December 12, 2017 Russia's government has set a target of winning between 15 and 20 percent of the global market for liquefied natural gas.
Saudi Aramco Lifts Spending Plans To $414B Over Next Decade
Tuesday, December 12, 2017 Saudi Aramco plans to raise its spending to $414 billion over the next 10 years.
Norway Oil Investment To Fall Less Than Expected - Lobby Group
Tuesday, December 12, 2017 Oil and gas investments in Norway are expected to fall for a fourth consecutive year in 2018 but will turn higher in 2019.
Oil, Gas Firms Could Lose Millions Due to Forties Pipeline Shutdown
Tuesday, December 12, 2017 Oil and gas firms could lose millions of dollars in the event of a prolonged shut down of the Forties Pipeline System, oil and gas analysts at GMP FirstEnergy have confirmed.
Nodding Donkeys Fail as Long Shale Wells Make Pumping Oil Harder
Monday, December 11, 2017 Some of oil reserves may get stuck underground if the industry's pumps keep failing.
Robotics Process Automation Benefits and Challenges Oil, Gas Workforce
Monday, December 11, 2017 The oil and gas industry has used RPA to solve many workforce problems following the downturn, but challenges still exist.
DNO Triples Production at Peshkabir Field
Monday, December 11, 2017 Production from the Peshkabir field in the Kurdistan Region of Iraq's Tawke license has tripled to 15,000 barrels of oil per day.
Oil, Gas to Continue to Play Key Role in North East Scotland Growth
Monday, December 11, 2017 The oil and gas industry will continue to play a key role in North East Scotland's growth, Derek Leith, EY office managing partner for Aberdeen, has confirmed.
Oil, Gas Investment Resources Ramping Up in 4Q
Friday, December 08, 2017 Select energy funds are anticipating a pick-up in investments in 2018.
S&P Director of Analytics: Energy Sector Balanced on a Knife Edge
Friday, December 08, 2017 From the prolific shales of the Permian to the prevailing peace within OPEC, the global oil industry seems to have come to a place of balance.
Mexico Says Deepwater Oil Tender Doomed By Brazil Competition
Friday, December 08, 2017 Pemex blames the cancellation of a potentially lucrative deepwater Gulf of Mexico project on weak investor appetite.
GE's 12,000 Job Cuts Highlight Uneasy Shift to Renewable Energy
Friday, December 08, 2017 GE points to the growth of renewables as a factor in its decision to cut jobs.
Global Oil Sector Will Shift to Upcycle in 2018
Friday, December 08, 2017 The global oil and gas sector will shift from downcycle to upcycle in 2018, according to a new report from BMI Research.
Texas' Austin Chalk Booms While Shale Plays Remain Mostly Dormant
Thursday, December 07, 2017 New technology applications are breaking records in the Austin Chalk.
CNPC Warns Of China Gas Shortages If Extreme Weather Hits
Thursday, December 07, 2017 China National Petroleum Corp warns there could be natural gas shortages in China this winter if the country is hit by 'extreme' weather.
Brunei Oil Production to Grow Over Next 5 Years
Thursday, December 07, 2017 Brunei's oil production will grow over the next 5 years, supported by output maintenance works at mature assets.
JPMorgan Calls $60/Bbl Magic Number for New Shale Surge
Wednesday, December 06, 2017 For America's shale drillers, the tipping point to boost production looks to be $60 a barrel.
Energy Bonds Trade Like Stocks as Wildcatters Get Religion
Wednesday, December 06, 2017 For the first time in months, energy bond and stock investors are both feeling good.
Thailand's Gulf Energy Marks Market Debut with 27.8% Jump
Wednesday, December 06, 2017 Gulf Energy Development PCL makes its market debut with shares trading at 27.8 percent above their initial public offer.
Britain's Genel Energy Seeks To Cut Bond Debt To $300 Mln
Wednesday, December 06, 2017 Iraqi Kurdistan-focused oil producer Genel Energy plc is seeking to reduce its bond debt to $300 million from the currently outstanding $421.8 million.
Hungary's MOL looking to exit UK North Sea - Sources
Wednesday, December 06, 2017 Hungarian oil and gas group MOL is seeking to exit the UK North Sea four years after entering the basin as a drop in oil prices has put margins under pressure, banking sources said.
Report: Offshore Oil, Gas Helicopter Expenditure to Hit $16B to 2022
Wednesday, December 06, 2017 Offshore oil and gas helicopter expenditure will total $16 billion over 2018-2022, according to a new report published by Westwood Global Energy Group.
UKCS Supply Chain Collaboration Improving
Tuesday, December 05, 2017 Collaboration within the UKCS upstream supply chain is improving, according to an annual sector survey published by Deloitte and Oil & Gas UK.
Report: LNG Project Sanction Uptick in 2018
Tuesday, December 05, 2017 There will be an uptick in the number and capacity of LNG projects sanctioned in 2018, according to a new report.
Global Factors Weigh Against Bolivia In Gas Contract Negotiations
Monday, December 04, 2017 Bolivia's declining natural gas reserves, rising global supplies and more flexible sale terms in the international market all count against South America's top gas exporter
Big Shale Turns OPEC Ally From Foe With Focus on Oil Returns
Monday, December 04, 2017 Don't expect Big Shale to rush and fill the hole left by OPEC in the oil market.
Will Capital Allocation Get More Exciting in 2018?
Monday, December 04, 2017 Will the upward trend in commodity prices prompt more risk-taking?
Private Equity Firm Blue Water Energy Raises $1.1B For Oil Investment
Monday, December 04, 2017 Blue Water Energy raises $1.1 billion for a fund to invest in oil and gas, the latest sign of growing appetite for the industry as crude prices recover from a downturn.
Indian Oil Refiners Issue Tenders Aimed At Boosting Domestic Shipping
Monday, December 04, 2017 Two of India's state-owned oil refiners have issued tenders seeking to charter tankers for at least 5 years while giving preference to Indian companies, tender documents reviewed by Reuters showed.
HSBC: Important to Turn Positive Sentiment Into Benefits for North Sea
Monday, December 04, 2017 It is important to turn positive sentiment into lasting, tangible benefits for the North Sea oil and gas sector.
Oilfield Services Collaboration Set to Continue
Monday, December 04, 2017 The collaboration employed by services and equipment companies in the oil and gas sector during the oil price downturn is set to continue.
US Vastly Overstates Oil Output Forecasts, MIT Study Suggests
Friday, December 01, 2017 Turns out, America's decade-long shale boom might just end up being a little too good to be true.
Oil Price to Rise in 2H18 with OPEC, NOPEC Cut Extension
Friday, December 01, 2017 Supply-demand balance expected to tighten in second half of 2018.
Vietnam's PV Oil Plans Jan IPO That Aims To Raise At Least $122 Mln
Friday, December 01, 2017 Vietnam state oil distribution firm PetroVietnam Oil Corp (PV Oil) plans to offer 20% of its shares in an initial public offering (IPO) in January.
Norway Oil Region's Business Outlook Strongest Since 2014 -Survey
Friday, December 01, 2017 Business conditions have levelled out in Norway's western oil-producing regions during the last three months.
BLOG: Does Energy Hit High Marks with Diversity in Leadership?
Thursday, November 30, 2017 A recent report by Owler reveals how diverse energy leadership is perceived.
Denmark Passes Law That Could Ban Russian Pipeline Going Through Its Waters
Thursday, November 30, 2017 Denmark passes a law that could allow it to ban Russia's Nord Stream 2 gas pipeline from going through its waters on grounds of security or foreign policy.
Survey: Oil Sector Confidence Increasing
Thursday, November 30, 2017 Confidence in the oil sector is increasing, according a new industry survey by Aberdeen & Grampian Chamber of Commerce (AGCC).
Beware of the Dip: Oil Prices Could Go Lower
Wednesday, November 29, 2017 Without high geopolitical risk or an actual supply reduction, oil prices have a downside risk.
Iraq Aims To Raise Rumaila Oilfield Output To 1.5 MMBpd In 2018
Wednesday, November 29, 2017 Iraq is planning to increase production from the giant Rumaila oilfield to about 1.5 million barrels per day (bpd) in 2018.
UKCS Decom a $22B Industry to 2025
Wednesday, November 29, 2017 A total of $22 billion is forecast to be spent on decommissioning on the UKCS from 2017 to 2025.
Kemp: Hedge Funds Lighten Bullish Positions In Oil
Tuesday, November 28, 2017 Hedge funds started to reduce their record bullish position in crude and refined products in the week to Nov. 21 amid growing concerns about the possibility of a sharp price reversal.
IEA Chief Sees Oil Markets Tightening Towards Second Half Of 2018
Tuesday, November 28, 2017 The global oil market could tighten towards the second half of 2018 if demand remains robust and key producers continue their current policies.
Supply Chain Pro Foresees 2018 Oil and Gas Ramp-up
Monday, November 27, 2017 Oil and gas companies seeking more value closer to consumer, DHL exec tells Rigzone.
Q&A: Big Data Could Bring Upside to Renewables Investors
Wednesday, November 22, 2017 Technology and big data will change how electric grids are organized and water is transported, says Lara Banks.
Chancellor Helps UK Oil Industry with 'Innovative' Tax Policy
Wednesday, November 22, 2017 The Chancellor of the Exchequer, Philip Hammond, pledges to help the UK oil and gas industry by delivering an 'innovative' tax policy from November 2018.
Trafigura's Purchases From State Oil Firms Rose In 2016 - Report
Wednesday, November 22, 2017 Trafigura's aggregate direct purchases of crude, refined products and natural gas from national oil companies rose in 2016 to a third of its traded volumes.
Colombia's Ecopetrol To Invest Up To $4B In 2018
Wednesday, November 22, 2017 Ecopetrol will invest between $3.5 billion and $4 billion during 2018, the majority in production and exploration projects.
Gulf Energy Raises $733MM, Biggest Thai Corporate IPO In Over A Decade
Wednesday, November 22, 2017 Thailand's Gulf Energy Development Pcl raises $733 million after its initial public offering priced at the top end of expectations.