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Category Archives: Outlook

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Texas’ Permian Crude Transport Backlog Should Subside

March 10, 2015

West Texas’ economy has been based on oil and gas for nearly a century. Because the Permian Basin is invested so heavily in the oil and gas industry, the region’s businesses are used to its ups and downs. The Permian Basin area has helped Texas become one of the United States’ leaders in oil production,… Continue Reading »

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Progress, Challenges Seen in Implementing Digital Oilfield Technology

March 9, 2015

The oil and gas industry’s progress in implementing digital oilfield technology into their operations can be summed up in a quote by science fiction writer William Gibson – “The future is already here, it’s just not evenly distributed.” Some players in the oil and gas industry have successfully “crossed the chasm” in implementing digital oilfield… Continue Reading »

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Hays: Changing LNG Phase Helps Position Australia for Oil Plunge

March 8, 2015

Albeit “accidentally”, Australia was better prepared than other regions from a human resource perspective for the recent dramatic changes to the global oil and gas industry, according to Paula Kirwan, business director at Hays Oil and Gas in Australia. The global recruitment firm this month released its sixth annual Oil & Gas Salary Guide, which… Continue Reading »

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Experts Disscuss UK Wave and Tidal Energy in Plymouth

March 8, 2015

Over 60 industry professionals from across the UK will gather at Plymouth University today, Thursday 5th March, to discuss the future development of the UK wave and tidal energy sector. The annual meeting of the Marine Energy Programme Board (MEPB), which was established in 2011, provides a strategic forum for UK industry, regional stakeholders and… Continue Reading »

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Wintershall Assumes Control of Vega

March 7, 2015

Wintershall has taken over the operatorship of the subsea oil and gas field Vega from Statoil. Vega is the BASF subsidiary’s first operated subsea tie-in field in Norway. With this transfer Wintershall now operates two production fields on the Norwegian Continental Shelf, Brage and Vega. The takeover of the Vega operatorship is part of the… Continue Reading »

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Obama Administration Should Abide By ‘All of the Above’ Approach to Energy

March 6, 2015

This opinion piece presents the opinions of the author. It does not necessarily reflect the views of Rigzone. The administration released in late January its draft five-year plan for offshore oil and gas leasing, the game plan for what areas will be open for exploration and how they will be managed. By no small coincidence,… Continue Reading »

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Saudi Arabia Expects Oil Price To Stabilize

March 5, 2015

Saudi Arabia’s oil minister said on Wednesday he expected oil prices, which hit a near six-year low in January, to stabilize, signalling cautious optimistism about the market outlook. Giving a speech in the German capital, Ali al-Naimi also urged non-OPEC producers to help balance the oil market, saying it was not up to Saudi Arabia… Continue Reading »

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Albatern Gets Fund for Wave Energy Development

March 4, 2015

Scottish Enterprise has supported Albatern through a £400k investment from the Renewable Energy Investment Fund, which it administers of behalf Scottish Government.  The funding will enable the company to complete verification of existing units and position it to commercialise and scale up their array based WEC – WaveNET. The WaveNET technology  is built from individual… Continue Reading »

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Havyard Sinks into Red

March 3, 2015

Havyard Group has slipped into loss in the fourth quarter 2014, despite significant growth in operating revenues, due to cost overruns in construction. The Norwegian vessel designer and builder reported loss of NOK 13.3 million for the quarter, compared to NOK 12 million profit in the corresponding period of 2013. Earnings per share were negative… Continue Reading »

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