As the year approaches the fourth quarter, many industry observers are dusting off their forecasts for 2016 and re-thinking, Douglas-Westwood, an energy intelligence group, has said in its DW Monday report. Last week, HSBC lowered its oil price outlook to $60/bbl for 2016. The EIA, in its latest Sho
Popular News, September 7 – 13, 2015
Crude oil prices fell on Friday as a stronger dollar, Saudi Arabia’s dismissal of a producer summit and a lower price forecast by Goldman Sachs weighed, with prices headed for a weekly loss despite rallying in the previous session.
Gas found in Cyprus could be transferred to Europe through Eni’s facility in Egypt. That possibility was brought up Thursday during a meeting in Nicosia between Cypriot president and the Italian oil and gas company’s CEO. During his meeting with president Nicos Anastasiades, Eni’s Claudio Descalzi s
After a tough year, the Egyptian government recently received some good news. Italy’s ENI announced that it has discovered the “largest ever” offshore natural gas field in the Mediterranean off the Egyptian coast.
Oil prices fell on Thursday as weak Japanese and Chinese economic data fuelled concerns that growth could be grinding to a halt.
The International Marine Contractors Association (IMCA) has appointed new Chief Executive who will be joining on October 1, 2015. Allen Leatt will be the new Chief Executive, coming from Subsea 7, where he has been Senior VP for Engineering and Project Management. Leatt said: “I am delighted to be j
Crude oil prices stabilized on Wednesday as Asian stock markets caught a tailwind from a strong performance in the United States and Europe, although fuel markets remained generally dogged by oversupply.
The worldwide offshore rig count moved to 308 active units in August, up by 9 from 299 in July 2015, and down 73 from August 2014, Baker Hughes reported Tuesday. According to the report, the international offshore rig count for August 2015 (excluding the U.S. and Canada) was 270, up 6 from the 264 c
Indonesia has submitted an official request to the Organization of the Petroleum Exporting Countries (OPEC) to reactivate its full membership in the organization. The request has been circulated to all OPEC Member Countries for their consideration and approval. OPEC has announced that the Indonesian
International Marine Contractors Association (IMCA) has named new Technical Director to replace Jane Bugler, who retires at the end of September 2015, after 18 years in the role. According to the IMCA, Richard Benzie has been appointed Technical Director, and will join the association in the near fu
Rigzone, an oil and gas news and data provider, today announced the results of its recent survey, finding shifts in workplace preferences between the Millennial and the Baby Boomer generations. According to the survey, more than 20 percent of Millennials indicate that they rank challenging projects
Gardline CGG, a Singapore-based joint venture formed between Gardline and CGG, has been awarded a contract by the Ministry of Foreign Affairs of the Sultanate of Oman for the Oman continental shelf extension survey. The agreement aims to prepare a comprehensive file to complete the extension of the
New field developments, job cuts, giant gas discovery, strike threats, and even a prison sentence…
