Analysis & Trends News


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BP Sees Electric Future With Oil Demand Peaking in 2030s
Tuesday, February 20, 2018 The future is electric for BP, though it's not giving up on oil just yet.

UK's EnQuest Expects Higher Production This Year
Monday, February 19, 2018 EnQuest Plc expects higher production in 2018, helped by its flagship Kraken oilfield and its acquisition of a 25% stake in BP's Magnus oilfield.

For Timing Of Aramco IPO, Watch Forward Oil Price Curve
Monday, February 19, 2018 It's the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock market listing?

UK Shale Industry Prospects Remain 'Widely Bearish'
Friday, February 16, 2018 Prospects for the UK shale industry remain 'widely bearish', according to oil and gas analysts at BMI Research.

Oil Output Cuts And Electric Car Influx Could Hit Russian Economy
Friday, February 16, 2018 Russia's oil-dependent economy could be hit in 2018 by cuts.

Baker Hughes: US Drillers Add Oil Rigs For Fourth Consecutive Week
Friday, February 16, 2018 US energy companies add oil rigs for a fourth week in a row.

EU Majors Not Committing to Increase Staff Numbers, Despite Profit Boost
Thursday, February 15, 2018 European oil and gas majors are not committing to raise staff numbers in 2018, despite reporting increasing profits.

Kemp: OPEC Pact Likely To Evolve Rather Than Terminate
Wednesday, February 14, 2018 Ministers from OPEC have been anxious to counter speculation about an early end to production curbs.

America Wants to Make Its Own Massive Offshore Wind Turbines
Wednesday, February 14, 2018 With state officials eyeing $56B of wind farm projects off the American coastline, developers are worried the turbines will need to be stamped with a big 'Made in the USA.'

Asia's Soaring Gas Demand Opens Window For New LNG Projects
Wednesday, February 14, 2018 Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for years.

'Spark' Is Back in Oil Industry
Tuesday, February 13, 2018 The 'spark' seems to be back in the oil industry, according to Tethys Oil's managing director Magnus Nordin.

As KOGAS Goes Into LNG Arbitration, Others May Follow
Tuesday, February 13, 2018 KOGAS' recent move could herald a shake-up of the region's LNG market as other buyers follow suit.

OPEC President Says Shale Won't Thwart Plan to Clear Glut
Monday, February 12, 2018 Surging output of US shale oil won't be a 'huge distorter' of efforts by global crude producers to clear a glut, according to OPEC's president.

US Gas Drillers Are Missing Out on Asia's Oil-Driven Boom
Thursday, February 08, 2018 If you're pumping natural gas in the US, you're probably missing out on Asia's boom.

UK Oilfield Services Sector Outlook 'More Positive'
Wednesday, February 07, 2018 After years of declining turnover, the outlook for the UK oilfield services sector is more positive in 2018.

'Increasing Signs' of Oilfield Services Recovery
Wednesday, February 07, 2018 There are increasing signs of a recovery in the oilfield services sector, particularly offshore Norway and in the brownfield segment.

Oil World Turns Upside Down as US Sells Oil in Middle East
Wednesday, February 07, 2018 The United Arab Emirates isn't the most obvious customer for Texan oil.

BP's Profits Surge As It Leaves Downturn Behind
Tuesday, February 06, 2018 BP's profits more than doubled in 2017 to $6.2 billion, powered by higher prices and output of oil and gas.

Experts Predict Brent Trends in 2018: A Wrap Up
Tuesday, February 06, 2018 Rigzone outlines the price direction and drivers of Brent crude oil in 2018.

ONZ-7 Results Confirm Sebou Permit can be 'Highly Cash Generative'
Tuesday, February 06, 2018 The latest results of the ONZ-7 well onshore Morocco confirm that the Sebou permit has the potential to be 'highly cash generative' for SDX Energy Inc, according to the company's president and CEO, Paul Welch.

US Natgas Output, Demand Seen Rising to Record Highs in 2018
Tuesday, February 06, 2018 The latest February output projection for 2018 was down from the EIA's 80.42-bcfd forecast in January.

Analysts Expect Brent Crude Price to Continue Rising Over Next Few Years
Monday, February 05, 2018 Oil and gas analysts at BMI Research expect the value of Brent Crude oil to continue rising over the next few years, according to a new report published by the company.

Applicant Tracking Systems: The Good, Bad & Misunderstood
Monday, February 05, 2018 Rigzone gets oil and gas recruiters and HR personnel to weigh in on their use of the ATS and how it affects the recruiting process for employers and job candidates.

Permian Seen Second to Saudis for Spare Oil-Output Capacity
Monday, February 05, 2018 The Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri.

ExxonMobil, Chevron Disappoint by Missing Out on Industry Rebound
Friday, February 02, 2018 ExxonMobil and Chevron, usually trendsetters in the oil industry, are woefully off the pace.

Shell Poised To Dethrone Exxon In Oil Titans' Cash Clash
Thursday, February 01, 2018 Shell could usurp its largest rival ExxonMobil as the energy sector's biggest cash generator.

Kuwait Petroleum To Spend Over $500B By 2040 As It Lifts Oil Capacity
Wednesday, January 31, 2018 Kuwait Petroleum Corp expects to spend over $500 billion as it boosts its crude oil production capacity to 4.75 million barrels per day in 2040.

Western Europe's Biggest Oil Producer Is Getting Another Fix
Wednesday, January 31, 2018 A rally in the price of black gold is giving Norway another fix.

Oil, Gas 'Might Need a Tesla' to Attract Best Talent
Tuesday, January 30, 2018 The oil and gas industry might need to see the emergence of a company like Tesla to attract the best talent to the sector.

Woodmac: Asia's 2018 Refined Oil Product Demand To Rise 2%
Tuesday, January 30, 2018 Asia's fuel demand will grow by 2% in 2018 as the region's economies expand at a healthy level, energy consultancy Wood Mackenzie says.

Kemp: US Oil And Gas Drilling Costs Rise As Rig Count Climbs
Tuesday, January 30, 2018 US shale producers are facing rising costs for everything from drilling rigs to pressure pumping equipment and labour.

Oil Prices Have Limited Upside
Tuesday, January 30, 2018 The 40% increase in oil prices since August is likely to stimulate a strong production response.

Google, Facebook 'Wouldn't Have a Clue' How to Run Oil, Gas Industry
Monday, January 29, 2018 Companies like Google and Facebook wouldn't have a clue about how to run the oil and gas business, according to Rapidan Energy Group CEO Bob McNally.

Why Canada Is The Next Frontier For Shale Oil
Monday, January 29, 2018 Canada is the first country outside the United States to see large-scale development of shale resources.

Oil Is Looking Unstoppable as Hedge Funds Take Bets to New High
Monday, January 29, 2018 Hedge funds reported record wagers on continued price increases for both US and global oil benchmarks, along with gasoline and diesel.

Top Norway Fund Manager Is Betting on Rigs for 200% Return
Monday, January 29, 2018 After more than 3 years of taking a hammering, drillers are set to rise.

BHGE CEO: Oil, Gas Industry Outlook 'A Lot Brighter' in 2018
Monday, January 29, 2018 The outlook for the oil and gas industry is a lot brighter now than it was in 2017.

Shell Buying Spree Cranks Up Race For Clean Energy
Friday, January 26, 2018 Royal Dutch Shell has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points.

Sharp Rise in Oil, Gas Industry Confidence in 2018
Thursday, January 25, 2018 There has been a sharp rise in industry confidence in 2018, according to a new study by DNV GL, a technical advisor to the oil and gas sector.

Texas Oil Economist Predicts Record Output in 2018
Thursday, January 25, 2018 Oil production in 2018 is set to break records, according to oil economist Karr Ingham.

After Hot Start, 2017 M&A Activity Ends with Whimper
Thursday, January 25, 2018 PwC reports a lackluster end of 2017 regarding deal-making as companies shifted their focus.

Saudi Regulator Asked To Study Local Market Impact Of Aramco IPO
Wednesday, January 24, 2018 An advisory council to Saudi Arabia's government has asked the kingdom's securities regulator to study the impact of listing Saudi Aramco on the local bourse.

Big Oil Flush With Cash Again, But No Party Yet
Wednesday, January 24, 2018 The world's top oil companies are expected to generate more cash in 2018 than at any other time this decade, but it isn't party time yet.

US Tells Russia, Saudi Shale Oil Won't be Oil Market 'Spoiler'
Wednesday, January 24, 2018 US Energy Secretary Rick Perry told oil super-powers Russia and Saudi Arabia he believed US shale oil boom would not become a spoiler for oil markets.

What to Look for in Oil, Gas in 2018
Tuesday, January 23, 2018 Brian Williams of Carl Marks Advisors shares insights on what the industry can expect regarding E&P investment, M&A deals and trends for 2018.

Big Oil Said to Plan Tenfold Expansion of Cost-Cut Collaboration
Tuesday, January 23, 2018 The world's largest energy companies plan to significantly widen a two-year effort to standardize the kit they use to pump oil and gas.

Oil Rises As Saudi Arabia Says Producers Will Cooperate Beyond 2018
Monday, January 22, 2018 Oil prices climb higher after comments from Saudi Arabia that cooperation between oil producers would continue beyond 2018.

Oil, Gas Will Help Scottish Economy Grow in 2018
Monday, January 22, 2018 Scotland's economy is expected to continue growing in 2018, supported by an improved outlook for the oil and gas sector.

Oil Companies Limiting Risk Offshore Norway
Monday, January 22, 2018 Oil companies are proceeding with caution offshore Norway, according to a new report from BMI Research.

Oil Market 'Heading In The Right Direction' - Iraq
Monday, January 22, 2018 The global oil market is stabilising as crude inventories are falling, Iraqi Oil Minister Jabar al-Luaibi says.