Posts Categorized: Uncategorized

The Chancellor of the Exchequer Philip Hammond has outlined plans to help the North Sea oil and gas industry in his Spring Budget. Hammond has pledged to publish a discussion paper, and establish a panel of industry experts, to consider how tax can assist sales of oil and gas fields, helping to keep them productive… Read more »

That fateful December meeting in Vienna between OPEC and non-OPEC nations could be even more consequential than cutting a couple million barrels of oil per day from the worldwide oil glut. It just might reconfigure the relationship between the countries that export oil and those that consume it, according to OPEC Secretary General Mohammad Sanusi… Read more »

Confidence is slowly returning to the UK Continental Shelf (UKCS) following an intensive two-year drive to improve efficiency, streamline costs and boost productivity, according to Oil & Gas UK’s new Business Outlook Report (BOR). Domestic oil and gas production continues to rise and unit costs are improving, resulting in a more resilient and globally competitive… Read more »

Exxon Mobil Corp. is positioning itself for future growth and part of that will come from $20 billion worth of investments into the company’s Growing the Gulf initiative. Darren Woods CEO, ExxonMobil Through the initiative, which ExxonMobil CEO Darren Woods announced Monday during the CERAWeek conference in Houston, the company will invest $20 billion into… Read more »

Exxon Mobil will be recruiting in many locations this year, according to a statement from a company representative. “We can’t speak for the job market as a whole, but we plan our business over the long-term and ExxonMobil and its affiliates are recruiting in many locations,” the spokesperson told Rigzone, when asked if 2017 would… Read more »

College students and recent graduates around the globe value a positive organizational culture more than fiscal perks like a competitive salary or bonus, according to figures from Rigzone’s Ideal Employer Survey (IES). The survey, which included a total of 8,466 participants from more than 100 countries, showed that respondents who stated they were attending college/university,… Read more »

Voters are split on whether or not Aberdeen’s oil and gas industry is starting to see some positive developments, following the negative effects of the oil price crash in 2014. In a Rigzone Twitter poll, 48 percent of the 110 participants agreed with the statement above, while 52 percent disagreed. Although there has been a… Read more »

John Wood Group plc has cut its workforce by 36 percent over a two year period, the oilfield services company revealed Tuesday. “Following a sustainable overhead cost reduction of $148 million in 2015, we reduced overhead costs by a further $96 million in 2016,” Wood Group Chief Executive Robin Watson said in a statement. “This… Read more »

SANTA FE, N.M. (AP) — The New Mexico Legislature may restore the state’s authority to impose administrative penalties of up to $10,000 per day against oil and natural gas companies for violations of operating and environmental rules. A Senate panel is scheduled Tuesday to consider a bill that broadens civil enforcement of the state Oil and Gas… Read more »

From cyber attacks to internal security breaches, cybersecurity is an issue in oil and gas that has deservedly come to the forefront. Rigzone even identified cybersecurity as having the potential for significant job growth in coming years. Industry leaders convened Feb. 16 to discuss the future of cybersecurity in the oil and gas industry at a breakfast… Read more »