Companies will continue focus on technology to keep costs low while enhancing efficiency and safety, industry observers tell Rigzone.
Cost Reduction, Greater Efficiency Focus of Technology in 2017

Friday, January 13, 2017 Companies will continue focus on technology to keep costs low while enhancing efficiency and safety, industry observers tell Rigzone.
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Outlook & Insights
Cost Reduction, Greater Efficiency Focus of Technology in 2017
(Friday, January 13, 2017) Companies will continue focus on technology to keep costs low while enhancing efficiency and safety, industry observers tell Rigzone.

What's Next for Mexico's Energy Sector?
(Friday, January 13, 2017) Rigzone examines the possible long-term outlook for Mexico's energy sector.

The Oil Market Is a Story of Bulls Versus Squirrels: Gadfly
(Friday, January 13, 2017) The turn of the year is always a bit weird when it comes to oil inventories.

COLUMN-Volatility & Cyclicality in Oil Prices -Will This Time Be Different?
(Friday, January 13, 2017) Volatility and cyclicality are not incidental features of oil markets that can be wished or managed away. Volatility and cyclicality are fundamental characteristics of oil markets.

COLUMN-As Russia's Gas Market Gets Weaker, Europe Gets Stronger
(Thursday, January 12, 2017) The increase in global natural gas production, the buildup of new gas transport infrastructure, the decrease in natural gas prices, the growth of LNG trade are all already increasing the options for Europe's gas importer.

Russia's Tuapse Oil Refinery Resumes Production After Fire
(Friday, January 13, 2017) Russia's Tuapse oil refinery, which is owned by Rosneft and suffered a fire on Wednesday, has resumed production in full, including vacuum gasoil output, a Rosneft representative told Reuters on Friday.

Anger as Mexicans Fear Higher Food Prices to Follow Gasoline Hike
(Friday, January 13, 2017) Mexicans who already feel the pinch from a gasoline price hike share economists fears it will now drive up the cost of food and other basics, adding to the unpopularity of the government ahead of elections this year and next.

SNC-Lavalin Wins Contract Extension from Saudi Aramco
(Thursday, January 12, 2017) Projects will include onshore oil and gas production and processing facilities, building and infrastructure projects, as well as refining and petrochemical facilities.

Accident Kills Worker at Pemex Refinery, Output Not Affected
(Thursday, January 12, 2017) An accident at the Ciudad Madero refinery of Mexican state-owned oil firm Pemex killed one worker on Thursday, but the incident will not affect production, a company spokesperson said.

U.S. East Coast Refiners Binge on Algerian Crude
(Thursday, January 12, 2017) U.S. East Coast refiners are in the midst of their biggest buying spree of Algerian crude in years as they take advantage of cheap oil spilling out of the region, traders said on Thursday.

USDA Analysis Says Ethanol's Environmental Benefits Better Than Forecast
(Thursday, January 12, 2017) The U.S. government on Thursday said that ethanol made from corn is better for the environment than previously expected in a report boosting the country's biggest biofuel a week ahead of a new administration that has some in the industry concerned.

Africa's First Grid-connected Biogas Plant Powers Up
(Tuesday, January 10, 2017) A commercial farm in Kenya has become Africa's first electricity producer powered by biogas to sell surplus electricity to the national grid, cutting the carbon emissions associated with oil-powered generation.

China to Plough $360 Bln into Renewable Fuel by 2020
(Thursday, January 05, 2017) China will plough 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country's energy agency said on Thursday, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels.

U.S. EPA Seeks to Ban Genscape from Verifying Renewable Fuel Credits
(Thursday, January 05, 2017) Genscape has 60 days to oppose the EPA notice, and the company can continue to verify credits until the agency issues it final order.

SNC-Lavalin Wins Contract Extension from Saudi Aramco
(Thursday, January 12, 2017) Projects will include onshore oil and gas production and processing facilities, building and infrastructure projects, as well as refining and petrochemical facilities.

Republicans Pass Sweeping Bill to Reform 'Abusive' U.S. Regulation
(Thursday, January 12, 2017) In a 238-183 vote, the House passed the "Regulatory Accountability Act," which combined eight bills aimed at changing how the vast government bureaucracy runs. Only five Democrats voted for it.

Process Safety Management: Overcoming the Silo Factor
(Wednesday, January 11, 2017) Review of process safety risk assessments detects a common culprit.

Slumping Fertilizer Makers Turn to High-margin Industrial Uses
(Wednesday, January 11, 2017) Makers of fertilizers that boost corn and palm growth are taking advantage of higher profit margins for uses in other industries, such as oil drilling and livestock feed, to ride out a severe slump.

Iran Seeks Investors for 25 Petrochemical Projects
(Monday, January 09, 2017) Iran is seeking investment to build 25 petrochemical projects, an official at the state-run National Petrochemical Company (NPC) was quoted on Saturday as saying.

U.S. Pipeline Regulator Completes Rule to Boost Safety Standards
(Friday, January 13, 2017) The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) said on Friday it has passed a rule to boost safety requirements on the country's oil and refined products pipelines.

Kinder Morgan Clears Pipeline Hurdle With Billion-Dollar Pledge
(Thursday, January 12, 2017) Kinder Morgan won environmental approval from British Columbia for the Trans Mountain expansion after it promised to share part of the spoils with the province.

Thailand's PTT Picks Marubeni-Itochu Venture to Supply Natural Gas Pipeline
(Thursday, January 12, 2017) Thailand's largest energy firm PTT Pcl has chosen a Marubeni and Itochu joint venture to supply a natural gas pipeline, the Thai company said on Thursday.

ExxonMobil Licenses New Gas Dehydration Technology
(Wednesday, January 11, 2017) ExxonMobil unveils technology it says makes the dehydration of natural gas more efficient.

Enbridge May Face Tough Legal Battle to Keep 60-yr-old Piipeline Running
(Wednesday, January 11, 2017) Enbridge Inc may be set for a bruising legal battle in Wisconsin after a Native American tribe voted against renewing land use agreements on a major crude oil pipeline, legal experts said.

Terminals & Storage
As OPEC Cuts, Traders Send European Oil Volumes to Asia
(Thursday, January 12, 2017) European and Chinese traders are shipping a record 22 million barrels of crude from the North Sea and Azerbaijan to Asia this month, seeking to plug any supply gap left by OPEC production cuts.

Freezing Med Attracts Unusual Diesel Cargoes
(Wednesday, January 11, 2017) At least one tanker carrying diesel en route to New York has been diverted in the mid-Atlantic to the Mediterranean, where freezing weather from North Africa to the Balkans has boosted demand for heating oil and sharply lifted prices.

U.S. Crude, Fuel Stockpiles Soar Amid Record High Refining - EIA
(Wednesday, January 11, 2017) U.S. inventories of crude and refined oil rose sharply and more than expected last week, with stocks of distillates hitting six-year highs, as crude imports and refining hit record highs, government data showed on Wednesday.

Canadian Crude-by-rail Exports Climb 48 Pct in October
(Wednesday, January 11, 2017) Canada shipped 102,554 barrels per day of crude oil by rail in October, up from 69,292 bpd the previous month.

Mexico's Pemex Says Protests Cause 'Critical' Border City Fuel Shortage
(Tuesday, January 10, 2017) Mexico vowed to keep a lid on prices as part of an economic plan set out on Monday to dampen widespread outrage over a major fuel price hike, though it failed to win universal backing among business groups.

LNG Deals Struck to Aid Gas-starved Southern France
(Friday, January 13, 2017) A natural gas supply crunch has turned a quiet corner of southern France into a premium market rivalling Asia in terms of attractiveness for global LNG shipments, with several due to arrive over the coming weeks, traders said.

Russia Acknowledges Threat from Trump's Energy Policy on EU Gas Market
(Friday, January 13, 2017) Russia's Gazprom has acknowledged for the first time a threat to its dominant position in European gas market from an expected influx of LNG gas produced in the United States under Donald Trump's administration.

Ports Chase Natural Gas Boost as Marine Emissions Rules Tighten
(Thursday, January 12, 2017) The tightening of emissions limits for deep-water ships has some of North America's busiest ports chasing a new opportunity.

India's Petronet LNG Sees Kochi Terminal At 40% Capacity By 2019
(Wednesday, January 11, 2017) India's biggest gas importer Petronet LNG expects its 250 mile pipeline connecting the Kochi LNG terminal in the south to industries further north to be ready in 2 years.

French South. Gas Contract Hits Highest Level Since Dec. 2013 on Congestion
(Wednesday, January 11, 2017) The French southern gas hub contract touched its highest level since December 2013 on Wednesday due to congestion, while the spread with prices in the north widened.

U.S. EPA Locks in 2025 Fuel Efficiency Rules
(Friday, January 13, 2017) U.S. EPA chief Gina McCarthy on Friday finalized a determination that the landmark fuel efficiency rules instituted by President Barack Obama should be locked in through 2025, a bid to maintain a key part of his administration's climate legacy.

Oil Falls On China Concerns, Down 3% For The Week On OPEC Doubts
(Friday, January 13, 2017) Oil prices fall and end the week 3% lower on lingering doubts over the extent of OPEC cuts.

PetroVietnam, Exxon Mobil Sign Deal on Gas Generation
(Friday, January 13, 2017) The Blue Whale project aims to produce the first gas for power plants by 2023

India's 2016 Iran Oil Imports Hit Record High - Trade
(Friday, January 13, 2017) India's annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran, according to ship tracking data and a report.

Oil Rises On Supply Cuts, Record China Demand Forecast
(Thursday, January 12, 2017) Oil prices rose more than 1% on news that key crude exporters were cutting production to reduce a global crude glut.

Finance & Acquisition
Mexico's Pemex Says New Procurement Rules Aimed at Combating Graft
(Thursday, January 12, 2017) Pemex said on Wednesday that updated procurement policies, such as renegotiating service contracts and fewer no-bid purchases, have led to more than 24 billion pesos ($1.10 billion) in savings for the cash-strapped firm.

Australian Regulator to Review BP Purchase of Woolworths' Petrol Stations
(Thursday, January 12, 2017) Australia's competition regulator said on Thursday it will review BP Plc's A$1.8 billion purchase of 527 petrol stations from Australia's top grocer, Woolworths Ltd.

The Tiny Gulf Country With a $335 Billion Global Empire
(Wednesday, January 11, 2017) The world's largest LNG exporter is back in the deal-making business.

Petrobras to Invest $19 Bln, Has Cash for Over Two Years
(Wednesday, January 11, 2017) Petróleo Brasileiro SA expects to spend 30 percent more in exploration, production and refining projects this year.

Peru Aims to Close Deals on $3 Bln for State Energy Company
(Wednesday, January 11, 2017) Peru's finance minister said Wednesday that he will seek to close deals on $3 billion in financing for state energy company Petroperu, including a loan from Spanish state-backed insurer Cesce, during a trip to Europe next week.

People on the Move
Jesse Norman to Take on Full Energy Brief at UK Energy Department
(Friday, January 13, 2017) UK MP Jesse Norman has confirmed through social media site Twitter that he will take on the full energy brief at the UK Department for Business, Energy & Industrial Strategy.

Marathon Petroleum Names Retired Shell Exec HR and Labor Relations VP
(Thursday, January 12, 2017) Marathon Petroleum Corp. Thursday announced the appointment of Dave Sauber to the position of vice president of Human Resources and Labor Relations, effective Feb. 1.

BLOG: Houston Profitable Area for STEM Grads
(Thursday, January 12, 2017) A recent analysis by WalletHub finds that the Houston metropolitan area ranks first in the annual media salary for STEM workers.

BLOG: Study Shows US Residents Leaving the South for New Jobs
(Wednesday, January 11, 2017) An United Van Lines study shows that the south had a large exodus of residents in 2016.

Outlook: Energy Employment Trends to Look for in 2017
(Monday, January 09, 2017) Regina Mayor of KPMG identifies what the industry can expect in regard to employment in 2017.

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