California methane leak ‘permanently sealed’
A leaking gas well near the US city of Los Angeles which has been polluting the air for four months has been “permanently sealed,” officials say. The Southern California Gas Continue Reading
Oil production in federal Gulf of Mexico projected to reach record high in 2017
U.S. Gulf of Mexico (GOM) crude oil production is estimated to increase to record high levels in 2017, even as oil prices remain low. EIA projects GOM production will average Continue Reading
Oilfield Services: the Offshore Wind Opportunity
Times are tough for oilfield services companies. Rigzone has spent much of the last year reporting on how the industry downturn has affected many of the larger oilfield engineers and Continue Reading
Foiled by Oil
People do use their oil shares to buy houses, cars, planes and college educations. When crude oil prices hit $140 per barrel, pension funds and college endowments rejoiced. Our 2006 Continue Reading
The Decline Of The Coal Industry Is “Long-Term” And “Irreversible”
Demand for thermal coal is declining, a trend that appears to be “irreversible.” That is the conclusion from Goldman Sachs, which published a new report on the global coal and Continue Reading
Russian oil output under ‘freeze pact’ could rise 1.9% on year: official
* Daily output growth in January at 1.7%-1.9% * Uncertainty remains on output growth pace through 2016 * Authorities ‘can regulate production volume’ A preliminary agreement between Russia and three Continue Reading
Oil is now so cheap even pirates aren’t stealing it any more
Stealing the oil from a ship is no mean feat. Oil tankers are enormous, and ships that carry expensive cargo are designed to be difficult to board. Stealing can mean Continue Reading
Oil Rises Slightly in Asia Trade
Crude oil prices climbed in Asia trade Thursday as traders were cheered by Iran’s position on a tentative output freeze agreement between four major producers, even though the country has Continue Reading
Oil prices climb as Iran endorses oil output cap
Crude futures rose in Asian trade on Thursday after Iran welcomed plans by Russia and Saudi Arabia to cap production, although analysts said the move would not lead to any Continue Reading
Iran and Iraq Under Pressure to Cap Oil Output to Help Raise Prices
A day after Saudi Arabia, Russia and other oil producers agreed to limit their production, the pressure was turned up on Iran and Iraq to join the agreement and help Continue Reading