Analysis & Trends News


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Exxon, Chevron Battle it Out in the Permian
Friday, March 22, 2019 New analysis by Rystad Energy explores which supermajor has the most potential in the prolific Permian Basin.

Total Increases Workforce by 6 Percent
Friday, March 22, 2019 Total increased its global workforce by six percent in 2018, the company's latest registration document has revealed.

Oil Set for Third Weekly Gain
Friday, March 22, 2019 Oil is poised for a third weekly advance, buoyed by the biggest drop in American crude stockpiles since July at a time when the OPEC+ coalition is pressing on with its output curbs.

US Emerging as a LNG Powerhouse
Friday, March 22, 2019 The LNG export market is projected to surge over the next three decades.

Texas Posts 15,000+ Industry Jobs During Jan-Feb
Thursday, March 21, 2019 From January through February, there were 90,718 total job postings for the Texas oil and natural gas industry, of which 15,375 were unique.

Oil Stays Above $60
Thursday, March 21, 2019 Oil held above $60 a barrel after the biggest withdrawal of crude in American storage tanks since July raised speculation that global supplies are tightening.

Trump Guides Don't See High Oil Prices as All Bad
Wednesday, March 20, 2019 Higher oil prices may not always be a bad thing for the U.S. economy, according to a White House report.

$264B Needed to Realize UK's Oil and Gas Vision
Wednesday, March 20, 2019 $264 billion will need to be spent by exploration and production companies in existing operations and new opportunities to realize the UK oil and gas industry's Vision 2035.

Oil's Rally Stalls Near $59
Wednesday, March 20, 2019 Oil's rally stuttered as uncertainty over the status of trade negotiations between the U.S. and China stoked concerns over global economic growth.

NGL Storage Transition Underway on Gulf Coast
Wednesday, March 20, 2019 Caliche Coastal's ethylene cavern surface facility near Beaumont, Texas. PHOTO SOURCE: CDP

BP Hopes Young Recruits Can Make Oil Cool Again
Tuesday, March 19, 2019 Some Big Oil companies are turning to younger hires for insight on competing with tech for talent.

Saudi-Russia Alliance Shows Signs of Strain
Tuesday, March 19, 2019 The partnership at the heart of the OPEC+ alliance showed further signs of strain after Russia pressured the Saudi-led group to delay a decision on the future of their production cuts.

When Will the Oil Service Market Match 2014 Highs?
Tuesday, March 19, 2019 When will the global oilfield service sector return to previous highs?

Oil Holds Gains
Tuesday, March 19, 2019 Oil held gains near the highest level this year after OPEC and its partners committed to continue production cuts until at least June.

Oil Slips
Monday, March 18, 2019 Oil slipped from near a four-month high as OPEC and its allies met in Azerbaijan Monday and recommended deferring a decision on whether to extend oil production cuts until June.

Market Fundamentals Improving But Much Left to Do
Monday, March 18, 2019 Market fundamentals have been slowly improving since the latter part of last year, but much more work still needs to be done, according to Saudi Arabia's energy minister.

OPEC Can Make or Break Oil's Bull Run
Monday, March 18, 2019 OPEC can make or break oil's bull run, and hedge funds are betting the cartel will keep fueling the rally.

ABB Execs Talk Tech's Impact on Oil, Gas and More
Friday, March 15, 2019 Rigzone spoke with ABB executives during the CERAWeek by IHS Markit conference about the oil and gas industry's technological evolution and sustainability in the industry.

Oil, Gas Looks to Create Value in Digital Transformation
Friday, March 15, 2019 Now seems to be the perfect time for the oil and gas industry to leverage digital capabilities to achieve success in the digital transformation.

Equinor Makes Close to 1,000 New Hires in 2018
Friday, March 15, 2019 Equinor made 905 new hires in 2018, according to the company's latest annual report.

Oil Expected to Rally into Summer
Friday, March 15, 2019 Merill Lynch expects oil to rally into the summer.

Oil Set for Weekly Gain
Friday, March 15, 2019 Oil's poised for the best weekly rally in a month as the world's top crude producers are scheduled to discuss about extending their pledged output curbs to avert a global glut.

Guaido to Appeal $8.7B ConocoPhillips Award
Friday, March 15, 2019 Venezuela's opposition leader Juan Guaido plans to appeal the $8.75 billion award issued to ConocoPhillips by the World Bank's arbitration tribunal last week.

Exxon Plans for $15 per Barrel Permian Costs
Thursday, March 14, 2019 Exxon plans to reduce the cost of pumping Permian oil to about $15 a barrel, a level only seen Middle East oil fields.

Shell CEO's Pay More Than Doubles in 2018
Thursday, March 14, 2019 Royal Dutch Shell CEO Ben van Beurden's total pay, including pension, more than doubled in 2018 compared to 2017.

Saudis Reluctant to Do Trump's Bidding
Thursday, March 14, 2019 Four months ago, Saudi Arabia's devotion to its decades-old oil partnership with the U.S. was stronger than ever.

Oil Pierces 4-Month High
Thursday, March 14, 2019 Oil held gains after breaching $58 a barrel for the first time this year.

OPEC Is Said to Warn Wall Street on NOPEC
Wednesday, March 13, 2019 OPEC is sending a clear message to Wall Street banks and big investors.

Oil Extends Gains
Wednesday, March 13, 2019 Crude rose for a third day after an industry report showed an unexpected drop in U.S. stockpiles at a time when the world's top producers are said to be looking at a plan to extend their output curbs.

What Does an Election Mean for UK Oil and Gas?
Wednesday, March 13, 2019 If there was a general election in the not too distant future, what would it mean for the UK oil and gas industry?

Chevron CEO Talks Permian, Diversity at CERAWeek
Tuesday, March 12, 2019 Chevron's Mike Wirth speaks about the surge in Permian production and why the company hasn't forgotten about its other resources.

Perry Says Venezuelan Oil Output Will Decline Until Regime Changes
Tuesday, March 12, 2019 The IEA says it expects Venezuelan output to fall to 800,000 barrels a day this year.

OPEC Splits Appetizer with Shale Adversaries
Tuesday, March 12, 2019 OPEC's secretary general met with senior executives from North America's booming shale oil industry for dinner in Houston.

Oil Extends Gain
Tuesday, March 12, 2019 Oil rose for a second day as Saudi Arabia was said to plan extending deep supply curbs and a nationwide blackout sparked a production collapse in Venezuela.

OPEC Will Be Squeezed by US Shale Until Mid-2020s
Monday, March 11, 2019 By 2024, OPEC's capacity to pump crude will shrink because of declines in Iran and Venezuela, according to the International Energy Agency.

Permian Shale Primed For Mergers and Acqusitions
Monday, March 11, 2019 The Permian Basin is on the cusp of a radical transformation with one simple premise: bigger is better.

US to Drive Oil Supply Growth to 2024
Monday, March 11, 2019 The United States will drive global oil supply growth over the next 5 years, according to the IEA.

Oil Rises
Monday, March 11, 2019 Oil rose as Saudi Arabia was said to extend deep supply cuts into April.

Hedge Funds Keep Betting on Oil Rally
Monday, March 11, 2019 Hedge funds keep betting on an oil rally, even with prices stuck in neutral.

Big Oil Dodges Bullet in Norway
Friday, March 08, 2019 Norway takes a partial step in divesting oil and gas stocks in its massive $1 trillion wealth fund, approving the sale of smaller exploration companies while sparing the biggest producers.

Oil Endures Stormy Week
Friday, March 08, 2019 Oil struggled to sustain a rally as prices continued to get whipsawed by fears over the health of the global economy and OPEC's progress in averting a market glut.

Oil, Gas Companies Aim to Curb Truck Order Backlog
Friday, March 08, 2019 Truck procurement has been the foremost challenge for private fleets, for-hire carriers and organizations that rely on trucking across many industries, including gas, construction, oil and energy.

US to Export More Oil, Liquids than Saudi Arabia in 2019
Thursday, March 07, 2019 The U.S. is poised to export more oil and liquids than Saudi Arabia by year-end, according to Rystad Energy.

China Oil Use Seen Peaking in 2025
Thursday, March 07, 2019 The country that's driven global oil demand since the turn of the century may hit the brakes sooner than expected.

Colorado Passes Bill Threatening 100,000+ Jobs
Thursday, March 07, 2019 The Colorado State Senate Transportation and Energy Committee passes a bill which the American Petroleum Institute says 'threatens hundreds of thousands of jobs'.

Oil Stays Near $56
Thursday, March 07, 2019 Oil traded near $56 a barrel as investors weighed a U.S. crude-stockpile surge that threatens to undermine OPEC's bid to avert a glut against a drop in fuel inventories.

Permian Still Booming Despite Hurdles
Thursday, March 07, 2019 The Permian's oil pipeline network is expected to grow 60-70 percent in the next five years.

PDVSA's Caribbean Footprint Is Waning
Wednesday, March 06, 2019 Despite sitting on top of the world's largest crude reserves, the reach of Venezuela's state-owned oil company is receding.

Oil Falls as Global Glut Fears Revived
Wednesday, March 06, 2019 Oil declined after an industry report showed a massive increase in U.S. crude stockpiles, reviving fears of a global glut.

Analysts Lower Oil Price Forecast for 2019
Wednesday, March 06, 2019 Analysts at Fitch Solutions Macro Research lower their average annual price forecast for Brent for 2019.