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Oil Falters Below $70
Tuesday, October 23, 2018 Oil faltered below $70 a barrel as Saudi Arabia said it has no intention of using its oil wealth as a political tool and as American crude stockpiles were seen gaining for a fifth week.
First LNG Shipment Departs Ichthys
Tuesday, October 23, 2018 Inpex confirms that the first shipment of liquefied natural gas has departed from its operated Ichthys LNG project.
More UK FIDs Before End of Year?
Tuesday, October 23, 2018 There could be 2 more UK final investment decisions before the year is over, Sillimanite and Columbus.
OPEC in Maximum Production Mode
Tuesday, October 23, 2018 Saudi Arabia says OPEC and allies are in a 'produce as much as you can mode'.
Four Things to Do with $100+ Oil
Tuesday, October 23, 2018 How can oil companies apply in a boom period what they were forced to learn in the most recent bust?
Crude Oil Down Four Percent
Tuesday, October 23, 2018 Front-month crude oil futures each lost more than 4%.
Oil Closes Below $70
Monday, October 22, 2018 Crude settles below $70 a barrel for a fourth straight session as Saudi Arabia backs away from using its oil wealth as a diplomatic hammer and American inventories expand at the fastest pace in more than a year and a half.
Saudi Arabia Has No Plans to Repeat 1973 Oil Crisis
Monday, October 22, 2018 Saudi Arabia has no intention of using its oil wealth as a political tool in the controversy over the killing of journalist Jamal Khashoggi.
Oil Set for Weekly Loss
Friday, October 19, 2018 Oil is poised for a second weekly drop after a larger than expected gain in American crude stockpiles eclipsed tensions between the United States and Saudi Arabia.
US Rig Count Reaches Highest Level in Two-and-a-Half Years
Friday, October 19, 2018 The US adds four rigs this week, making this week's count the highest since March 2015.
Crude Oil Down for Second Straight Week
Friday, October 19, 2018 The WTI and Brent futures prices finished the day higher Friday but ended the week lower.
Analysts Forecast Oil Prices to 2022
Thursday, October 18, 2018 Analysts at Fitch Solutions forecast that the price of Brent Crude Oil will average $91 per barrel in 2022.
US, Saudi Tensions Warrant Oil Market Attention
Thursday, October 18, 2018 U.S. and Saudi Arabia tensions warrant the oil market's attention, but there is no cause for alarm – yet.
Big Oil's Hired Hands Chase Foreign Boom
Thursday, October 18, 2018 The biggest providers of oilfield services are surfing a wave of international spending on the back of higher prices.
Oceaneering Rides Recovery Wave With New ROV Technology
Thursday, October 18, 2018 Technology is increasingly becoming more important for oilfield services companies to gain an edge in what's still a recovering market.
Oil Prices Continue Descent
Thursday, October 18, 2018 The recent downward movement of crude oil futures continued Thursday.
Oil Steady as Data Shows Drop in Inventories
Wednesday, October 17, 2018 Oil held gains after an industry report showed an unexpected drop in American crude stockpiles.
Global LNG Demand to Outperform
Wednesday, October 17, 2018 Demand for LNG will post strong growth to 2027, outperforming the wider energy complex, according to oil and gas analysts at Fitch Solutions Macro Research.
Dramatic Decom Cost Cuts Needed
Wednesday, October 17, 2018 Oil and gas operators worldwide need to dramatically slash the costs of decommissioning wells and installations, according to a new report from the Boston Consulting Group.
WTI Falls Below $70
Wednesday, October 17, 2018 The midweek dip in the WTI following a US government report showing a higher-than-expected rise in crude stocks.
Tight Oil, Shale to Drive Majors' Output to New Highs
Tuesday, October 16, 2018 By the middle of the next decade, US unconventionals will generate up to $20 billion of annual cash flow for the Lower 48.
Natural Gas Helps Texans Save Almost $60B in 10 Years
Tuesday, October 16, 2018 A new report by the Consumer Energy Alliance finds that Texas residents saved billions of dollars, thanks to natural gas production.
Abu Dhabi Scraps Cepsa IPO
Monday, October 15, 2018 Abu Dhabi shelves plans for an initial public offering of a 25% stake in Spanish oil refiner Cepsa.
APAC Oil and Gas Sector Set to Rebound
Monday, October 15, 2018 APAC's oil and gas sector looks set to rebound over the next 12 months, according to Wood Mackenzie.
Saudis Break 45-Year Taboo with Veiled Oil Threat
Monday, October 15, 2018 Riyadh makes what many read as a veiled threat to use the kingdom's oil wealth as a political weapon.
3Q Energy Activity Accelerates and Growth Strong, Survey Finds
Monday, October 15, 2018 Respondents to the Kansas City Fed's quarterly energy survey express an increase in drilling and business activity.
Oil Pares Weekly Loss
Friday, October 12, 2018 Oil pared a weekly loss as investor focus shifted from broader market turmoil and returned to looming shortages from Iran's dwindling exports.
Oil Demand and Supply Close to New Peaks
Friday, October 12, 2018 Both global oil demand and supply are now close to new, historically significant peaks at 100 million barrels per day, according to the International Energy Agency.
FAMILY AFFAIR: Oil and Gas Has Driven Govia Family to Success
Thursday, October 11, 2018 There's decades of oil and gas excellence in the Govia family. Thirty-five year industry veteran Delfina Govia shares her family's experiences.
Oil Set for Worst 2-Day Drop Since July
Thursday, October 11, 2018 Oil headed for the biggest 2-day drop since July, with fuels from diesel to gasoline also declining as fears over a worsening trade war rattled markets across the board.
Up to 6 More UK North Sea FIDs in 2018
Thursday, October 11, 2018 Up to 6 more final investment decisions can be expected within the UK North Sea this year, according to Wood Mackenzie.
Wildcatters Still a Gamble for Investors Despite Oil's Rise
Thursday, October 11, 2018 Even with talk that prices of $100 a barrel could again be in sight, investors are wary before taking the gamble.
WTI Crude Oil Falls 3%
Thursday, October 11, 2018 The bears reigned in crude oil markets Thursday.
Oil Price to be Highly Volatile Going Forward
Wednesday, October 10, 2018 A model that has 'correctly predicted the oil price increase seen over the last months' now shows that the oil price will be 'highly volatile' going forward, according to Rystad Energy.
Oil, Gas CEOs Sold on Tech Benefits, but Unprepared for Disruption
Wednesday, October 10, 2018 A new report by KPMG examines how oil and gas CEOs feel they fare in their technology efforts and what still needs work.
Oil Prices Settle Lower
Wednesday, October 10, 2018 Crude oil prices lost some of their recent upward momentum Wednesday.
Crude Prices Get Bump from Iran and Michael
Tuesday, October 09, 2018 A weakening Iranian export position and a strengthening hurricane were two of the global developments supporting bullish trading Tuesday.
Big Oil to Bury Skeptical Investors in Cash Piles
Tuesday, October 09, 2018 With oil above $80 a barrel as costs languish at an 8-year low, the industry is seeing green.
Oil Climbs as Storm Halts Output
Tuesday, October 09, 2018 Crude traded near $75 a barrel as storm Michael in the US strengthened and shut some oil output.
UKCS Pronounced Cost Reduction Period May be Over
Tuesday, October 09, 2018 The recent period of pronounced cost reduction on the UKCS may be over, according to a new report.
Saudi Crown Prince Vows Aramco IPO by 2021
Monday, October 08, 2018 Saudi Arabia's crown prince insists the stalled plan to sell shares in oil giant Aramco will go ahead, promising an initial public offering by 2021.
Analysts Bearish on UK Shale Prospects
Monday, October 08, 2018 Analysts at Fitch Solutions Macro Research remain 'widely bearish' on the prospects of UK shale gas.
Crude Touches One-Week Low as Iranian Shortage Fears Are Eased
Monday, October 08, 2018 Oil slipped to a one-week low amid signs that Iranian supply disruptions may not be as severe as expected.
Oil Poised for Fourth Weekly Gain
Friday, October 05, 2018 Oil headed for the longest run of weekly gains since the start of 2018.
Oil and Gas Cyber Attacks Increased in Past Year
Friday, October 05, 2018 Cyber attacks in the oil and gas sector increased over the past year, according to Mike Spear, industrial cyber security global operations director at Honeywell.
Petrochemicals Becoming Largest Oil Demand Drivers
Friday, October 05, 2018 Petrochemicals are becoming the largest drivers of global oil demand, according to a major study by the International Energy Agency.
Canadian Crude Hits Record Low
Friday, October 05, 2018 Canadian crude plunged to a record low relative to US crude.
Tech Expert on Challenges of IIoT in Oil and Gas
Friday, October 05, 2018 According to one technology expert, security is just one of several challenges facing oil and gas companies deploying IIoT strategies.
Crude Oil Futures Down for the Week
Friday, October 05, 2018 The stage could be set for lower prices ahead.
Oil Halts Gain Near 4-Year High
Thursday, October 04, 2018 Oil halted gains on emerging concerns prices have rallied too fast.