T. Boone Pickens Passes Away  | Rigzone

T. Boone Pickens Passes Away  | Rigzone

by  Matthew V. Veazey | Rigzone Staff | Wednesday, September 11, 2019 The long-time energy executive and philanthropist died Tuesday at age 91. Long-time energy executive and philanthropist T. Boone Pickens died Tuesday at the age of 91. Pickens, an Oklahoma native and long-time Dallas resident, died of natural causes surrounded by family and friends,
Is the OFS Sector Headed Toward a Recession?  | Rigzone
by  Valerie Jones | Rigzone Staff | Wednesday, September 11, 2019 Rystad Energy forecasts the global oilfield services sector will experience a recession in 2020. A recession lies ahead for the global oilfield services sector, according to a forecast by energy research firm Rystad Energy. Audun Martinsen, head of oilfield services research at Rystad anticipates
Oil Prices Down at Midweek  | Rigzone

Oil Prices Down at Midweek  | Rigzone

by  Matthew V. Veazey | Rigzone Staff | Wednesday, September 11, 2019 The WTI and Brent crude oil benchmarks fell more than two percent Wednesday. The West Texas Intermediate (WTI) and Brent crude oil benchmarks fell more than two percent Wednesday. The October WTI contract price lost $1.65 during midweek trading, settling at $55.75 per
Oil Up as New Saudi Minister Signals Cut Commitment  | Rigzone
by  Bloomberg | Tsuyoshi Inajima | Tuesday, September 10, 2019 Oil extended gains from the highest level in almost six weeks as Saudi Arabia’s new energy minister signaled his commitment to output cuts. (Bloomberg) — Oil extended gains from the highest level in almost six weeks as Saudi Arabia’s new energy minister signaled his commitment
Iran Oil Exports to Withstand Renewed US Pressure  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Tuesday, September 10, 2019 Iranian oil exports will withstand renewed U.S. pressure, according to a new research note from Fitch Solutions Macro Research. Iranian oil exports will withstand renewed U.S. pressure, according to a new research note from Fitch Solutions Macro Research. The note, which was sent to
Is Salary Becoming Less Important in Oil and Gas?  | Rigzone
by  Andreas Exarheas | Rigzone Staff | Tuesday, September 10, 2019 Rigzone’s latest Ideal Employer Survey showed a drop in ranking for the attribute of a competitive salary. In Rigzone’s latest annual Ideal Employer Survey (IES), the attribute of a competitive salary ranked third in a list of top 23 attributes, scoring 81 percent out of
Citi Sees More Oil Pain  | Rigzone

Citi Sees More Oil Pain  | Rigzone

by  Bloomberg | Sharon Cho | Tuesday, September 10, 2019 The U.S.-China trade war has already almost halved oil demand growth and things are only going to get worse, according to Citigroup Inc. (Bloomberg) — The U.S.-China trade war has already almost halved oil demand growth and things are only going to get worse, according
Oil Extends Gain Before OPEC Meeting  | Rigzone
by  Bloomberg | Tsuyoshi Inajima | Monday, September 09, 2019 Oil extended gains into a fourth day as OPEC and its allies prepare to meet later this week. (Bloomberg) — Oil extended gains into a fourth day as OPEC and its allies prepare to meet later this week to discuss compliance with output cuts amid
Iran Dark Tanker Fleet Poses Biggest Industry Mystery  | Rigzone
by  Bloomberg | Grant Smith | Monday, September 09, 2019 Serious oil watchers remain absorbed by a big mystery. (Bloomberg) — While one Iranian tanker is attracting global attention, serious oil watchers remain absorbed by a bigger mystery: the hunt for the rest of Iran’s fleet. The quest has led to ever more inventive methods of tracking
Paulson Says Callon Should Walk Away from Carrizo Purchase  | Rigzone
by  Bloomberg | Scott Deveau | Monday, September 09, 2019 Paulson & Co. has come out against Callon Petroleum Co.’s $1.2 billion deal to buy Carrizo Oil & Gas Inc., arguing the Permian Basin energy explorer should walk away from the deal and put itself up for sale. (Bloomberg) — Paulson & Co. has come