Rigzone.com (93)

Crude Slips as Worries Soften Over North Sea Oil Pipeline Crack

Fears subsided that a hairline crack in one of the world's most important oil pipelines would cause a major supply disruption.

Ineos Says Grangemouth Oil Refinery Running Amid Forties Pipeline Closure

Scotland's 200,000 bpd Grangemouth oil refinery has enough crude to keep running.

After Europe's Gas Market Disasters, LNG May Come to the Rescue

After all the craziness in Europe's gas markets this week, some relief supplies may already be on their way from deep in the Russian Arctic.

Canadian Oil Collapses Amid Pipeline and Rail Bottleneck

Heavy Canadian crude fell to a three-year low against benchmark prices as bottlenecks on pipelines and rail networks crimped exports.

Permian Basin Refinery Project Doubles in Capacity

With project expansion, region's refining capacity to grow from 300,000 to 400,000 bpd. SOURCE: MMEX Resources Corp.

US Fuels the World as Shale Boom Powers Record Oil Exports

The world's largest oil consumer exported more hydrocarbons than ever before in 2017 and shows no signs of slowing down.

Rigzone Poll: Age Discrimination a Concern in Oil and Gas

Two-thirds of poll participants report first-hand experience with age discrimination.

Deadly Blast At Austrian Pipeline Hub Slashes Gas Flow To Italy

An explosion and fire that ripped through Austria's main gas pipeline hub kills one and injures 21.

Russia Aims To Win 15-20% Of Global LNG Market - Novatek CEO

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

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

Oil and gas investments in Norway are expected to fall for a fourth consecutive year in 2018 but will turn higher in 2019.

Austrian Gas Hub Blast Hits Deliveries To South, Southeast -Operator

An explosion and fire at the Baumgarten gas hub has disrupted deliveries to Austria's southern and southeastern borders.

Saffron Energy Unveils Board Changes

Saffron Energy plc announces a number of changes to its board.

CML to Acquire 65% Interest in Esmond Transportation System

CATS Management Limited agrees to acquire a 65% interest in the Esmond Transportation System .

Industry Body Welcomes Arrival of New North Sea Player

Industry body Oil & Gas UK welcomes the arrival of new exploration and production joint venture Spirit Energy.

Oil, Gas Firms Could Lose Millions Due to Forties Pipeline Shutdown

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.

Brent Reaches Highest Since 2015 After Forties Pipeline Shutdown

Brent crude jumps to its highest since June 2015 as a key North Sea pipeline shut down.

Oasis Petroleum Adds More Acreage In Delaware Basin For $946MM

Oasis Petroleum says it would buy more acreage in the Delaware Basin.

UAE's ADNOC Proposes Change To Oil Price Mechanism

ADNOC seeks feedback from Asian buyers on whether it should change its monthly pricing mechanism.

Shell Says Fire Extinguished At Singapore Refinery-Petchem Plant

Shell says a fire at its Singapore refinery-petrochemical site was extinguished on Sunday.

CB&I Gets Go-ahead for Kazakhstan Petchem Project

KPI gives CB&I full notice to proceed for project management services.

Nodding Donkeys Fail as Long Shale Wells Make Pumping Oil Harder

Some of oil reserves may get stuck underground if the industry's pumps keep failing.

Britain's Biggest Oil Pipeline Shut 'For Weeks' For Repairs

Britain's largest oil pipeline could shut down for weeks for unscheduled repair work.

Phillips 66, Enbridge Launch Open Season for Texas Pipeline System

Crude oil pipeline system to link West Texas to Gulf Coast refineries, export facilities.

Robotics Process Automation Benefits and Challenges Oil, Gas Workforce

The oil and gas industry has used RPA to solve many workforce problems following the downturn, but challenges still exist.

Iraq Boosts Output Capacity At Kirkuk Oil Refinery-Oil Ministry

Iraq's Oil Ministry has added a new processing unit to the Kirkuk oil refinery, increasing the plant's capacity to 56,000 barrels per day.

Premier Oil To Sell North Sea Pipeline Stake To CATS

Premier Oil Plc will sell its 30% stake in a North Sea pipeline to UK gas infrastructure company CATS Management Ltd for up to 23.6 million pounds .

UAE Says OPEC, Allies To Announce Exit Strategy From Oil Cuts In June

United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui says OPEC and non-OPEC oil producers plan to announce in June an exit strategy from global supply cuts.

Kuwait Replaces Oil And Finance Ministers - State News Agency

Kuwait replaced its oil and finance ministers in a cabinet reshuffle on Monday, state news agency KUNA reported.

Subsea UK Unveils New Board for 2018-19

Industry body Subsea UK has unveiled its new board for 2018-19, following a members' ballot at its Annual General Meeting.

AWE receives acquisition proposal from Mineral Resources Limited

AWE Limited receives an acquisition proposal from Mineral Resources Limited.

DNO Triples Production at Peshkabir Field

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

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.

White House Pressures Big Corn To Meet On US Biofuels Policy

President Trump's administration called lawmakers from the US corn belt to convince them to join talks about potential changes to biofuels policy.

Petrobras Eyes Adjustments In Fuel Pricing To Fight Importers

Petrobras could make more adjustments to its fuel pricing policy, its executive manager for fuel sales says.

Oil Rises Nearly 2% On China Demand, But Weekly Losses Loom

Oil prices rose almost 2%, helped by rising Chinese crude demand and threats of a strike in Africa's largest oil exporter.

Kinder Morgan Canada Rises Most Since IPO on Pipeline Decision

Shares in Kinder Morgan Canada Ltd rose as much as 9.5% to a 4-month high early Friday.

Oil, Gas Investment Resources Ramping Up in 4Q

Select energy funds are anticipating a pick-up in investments in 2018.

S&P Director of Analytics: Energy Sector Balanced on a Knife Edge

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

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

GE points to the growth of renewables as a factor in its decision to cut jobs.

US Jobs Report: Slight Increase in Oil, Gas Jobs

After a month of slight declines, oil and gas employment inches up in November.

Eni Can Restart Production At Arctic Goliat Oilfield -Norway Regulator

Italian oil firm Eni receives permission to restart production at its Goliat oilfield in the Arctic Barents Sea.

Vietnam Signs Crude Oil Supply Deals With SOCAR, Glencore

Vietnam's state-run Binh Son Refining and Petrochemical Co and state oil marketer PV Oil sign non-binding term agreements with 2 western trading companies to buy crude.

Petrochina Conducts Major Internal Transfer Of Oil, Gas Blocks

PetroChina conducts its first major internal transfer of mining rights between subsidiaries to allow those with mature fields to look for oil and gas in under-developed regions.

One Dead, Output Shut After Accident At Norway's Tambar Oilfield

One person has been confirmed dead following an accident on Thursday on a Maersk-owned drilling rig at Aker BP's Tambar oilfield off Norway.

CHC Lands Centrica Helicopter Support Contract

CHC Group secures a contract from Centrica to provide helicopter services in support of the forthcoming drilling program at the Fogelberg field in the Norwegian Sea.

Seismic Survey Offshore Mozambique Commences

Seismic imaging specialist Spectrum announces the commencement of a 2D seismic survey offshore Mozambique on behalf of the Institute of National Petroleum.

Wintershall, DEA Signal Intention to Merge

BASF and LetterOne sign a letter of intent to merge their oil and gas subsidiaries Wintershall and DEA.

Global Oil Sector Will Shift to Upcycle in 2018

The global oil and gas sector will shift from downcycle to upcycle in 2018, according to a new report from BMI Research.