November 30, 2016

Australia Takes Aim At Oil And Gas Industry In Tax Review

MELBOURNE, Nov 30 (Reuters) – Australia is targeting the oil and gas industry for a tax review ahead of next year’s budget, in a push to […]
November 30, 2016

EnQuest Achieves First Oil from North Sea Scolty/Crathes Project

Independent energy firm EnQuest announced Monday that it has achieved first oil from the Scolty/Crathes development, located in the central North Sea. “EnQuest is pleased to […]
November 21, 2016

Concho picks up more Delaware basin acreage

Concho Resources Inc., Midland, Tex., has agreed to acquire 24,000 gross (16,400 net) acres in the northern Delaware basin from an undisclosed buyer for $430 million. […]
November 21, 2016

Iran: Oil May Rise to $55 if All Producers Cooperate

DUBAI, Nov 19 (Reuters) – Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump to […]
November 16, 2016

Report: Growing Confidence in North Sea Oil, Gas Industry

There is a growing confidence that the industry has seen the worst of the current market downturn, according to a new report on the North Sea […]
November 16, 2016

IEA Sees Global Market Awash With Oil In 2017 If No OPEC Cut

LONDON, Nov 10 (Reuters) – The oil market risks running another surplus in 2017 without an output cut from OPEC, as producers around the globe ramp […]
November 9, 2016

Rigzone Poll Says Trump Would Create More Oil, Gas Jobs

Trump has made big promises to the industry in the build-up to the Nov. 8 elections, pledging to create 500,000 jobs each year through new energy policies. […]
November 9, 2016

GE, Baker Hughes $30 Billion ‘Shrewd Move’ Could Avert Anti-Trust Issues

Positioning itself to become the second largest oilfield services provider is one thing, but whether the mega-merger of GE Oil & Gas and Baker Hughes signals an abrupt […]
November 8, 2016

The State of Cybersecurity in Today’s Oil, Gas Industry

The convergence of digital technology with existing supervisory control and data acquisition (SCADA) infrastructure has increased the oil and gas industry’s risk to cyberattacks, industry insiders […]
November 8, 2016

SNP Calls for Government to Incentivize North Sea Exploration, Development

The Scottish National Party (SNP) has joined calls for the UK government to use the Autumn Statement on November 23 to incentivize North Sea exploration and development. On […]