Oil And Gas Industry News

The latest upstream oil and gas news from around the world.

Oil Gas Salary Adjustments Amid Oil Price Decline

The downturn in crude oil prices is disproportionately affecting companies in the energy industry prompting a variety of budget revisions that could affect workers salaries

BSEE to Investigate Damage to Unmanned Platform off Louisiana Coast

BSEE is sending investigators to investigate a damaged platform off the coast of Port Fourchon Louisiana

Brent Closes Up US Crude Down After Saudi King Dies

Brent crude was buoyed by market uncertainty over the future of Saudi oil output while US crude fell on more signs of oversupply

Mexico Looks The Other Way As Contractors Fleece Oil Giant Pemex

A recent rig deal a Reuters examination finds is typical of the way Pemex and the government respond to widespread signs of fraud in the company s vast contracting budget by looking the other way

Wood Mac US Onshore Well Count to Fall by 26 in 2015

Oil prices under 50 barrel will results in a decline in North American well counts and rig day rates as operators scale back 2015 spending plans

Top Tips Applying for Your First Graduate Job in European Oil Gas

Rigzone talks to graduate recruiters at BP and OMV about their tips for university students applying for a graduate job in oil and gas

In Battered Oil Services Sector Smallest Look Weakest

Slammed by plunging oil prices oil services companies face a bleak outlook of cutbacks and contract cancellations

Technip Gains EDGE in Gender Equality Performance

French oilfield services firm becomes the first company from the energy industry to become certified for the EDGE gender equality standard

RIA Russia s Novatek Sees 2015 Gas Output Up 6

Russia s Novatek sees its 2015 gas output increasing by six percent and its production of liquids more than 40 percent greater

EnQuest Cuts Capital Spending by 40

EnQuest to spend only 600 million on capex in 2015 representing a reduction of 40 percent on its prior spending plan

Tethys Gets 15 Years Extension to Kyzyloi Production Contract

Tethys Petroleum gets permission from the Kazakh government to extend the Kyzyloi Gas Production Contract to December 2029

Gardline CGG Bags Deal from Spectrum for 2D Seismic Survey Off WA

Gardline CGG joint venture bags contract from Spectrum for a 2D multi client marine broadband seismic survey offshore Western Australia

Keppel O M s Net Profit in 4Q 2014 Rises to 229 5M Up 1 from a Year Ago

Keppel Offshore and Marine s net profit in the fourth quarter of 2014 rises to 229 5 million a marginal one percent increase from the previous year

Petrobras Says Use of SESV to Install Subsea Equipment Saves Time and Money

Petrobras says the use of a subsea equipment support vessel rather than a drillship to install equipment at Sapinhoa field in the pre salt layer of Santos Basin in Brazil has resulted in cost and time savings

Cue Energy Talks About Impact of Low Oil Price NZOG s Involvement in Firm

Cue Energy informs shareholders about the impact of the sharp fall in oil price on the company and the emergence of New Zealand Oil and Gas as a major shareholder in the firm

MEC Updates on Operations at Bonaparte Basin Sydney Basin in Australia

MEC Resources updates on operations by the firm s unit Advent Energy at the onshore Bonaparte Basin and offshore Sydney Basin in Australia

Santos Registers Record Sales Revenue of 874M in 4Q 2014 Up 2 YOY

Santos sales revenue reaches a record 874 million in the fourth quarter of 2014 up 2 percent from last year

Saudi Oil Minister Naimi To Stay For Now Policy Steady

Saudi Arabia s new King Salman was quick to keep veteran oil minister Ali al Naimi in a message aimed at calming a jittery energy market mindful of Naimi s powerful role within OPEC

KrisEnergy 2 Completes 2D Seismic Survey in SS 11 Block Off Bangladesh

KrisEnergy completes 2D seismic acquisition program in the SS 11 exploration block offshore Bangladesh

Oil Settles Lower After Large US Inventory Build

Crude oil prices settle lower after a government report shows the biggest build in US crude inventory in at least 14 years

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