Index News

 

12-year oil price lows mark start to 2016

Jan 11, 2016

Oil prices have been extremely volatile since the first trading day of 2016 and hit 12-year lows last week with Brent dropping below US$33/bbl for the first time since 2005. The fall in the Chinese manufacturing index, the Saudi-Iran…

BG Group finalizes QCLNG pipeline sale

Jun 03, 2015

BG Group completed the sale of its wholly-owned 543km pipeline network linking natural gas fields and the Queensland Curtis Liquefied Natural Gas (QCLNG) export facility to APA Group. This transaction has resulted in gross proceeds for BG Group of around US$4…

UK oil and gas industry looks gloomy

May 01, 2015

Optimism continues to fall in the UK oil and gas industry according to the 1Q 2015 Oil & Gas UK Business Sentiment Index published 30 April 2015, which shows confidence in the sector has dropped from minus 23 points to minus 31 on a -50/+50 scale…

UK offshore oil and gas industry pessimistic

Oct 30, 2014

The 3Q 2014 Oil & Gas UK Business Sentiment Index published on 30 October shows that optimism in the sector continues to decline with a drop from two points above zero on the -50 to +50 index to seven points below zero. Published quarterly…

ONS: DNV GL launches interactive arctic risk map

Aug 26, 2014

ONS, Stavanger: The world’s need for energy is driving interest in further industrial activity in the Arctic, yet the region’s conditions are highly variable depending on the type of activity, location and time of year. This creates a complex risk picture…

North Sea optimism falls

Aug 06, 2014

Oil & Gas UK's Q2 2014 Business Sentiment Index has revealed that industry optimism has fallen for the fifth consecutive quarter, but remains positive, just, at two points above zero on the -50 to +50 index. The industry body described…

UK well services bright spot

May 26, 2014

UK offshore oil and gas industry optimism continues to decline amid rising operating costs and a decline in exploration activity.  But, despite the declining optimism, sentiment in the industry still remains positive, according to Oil & Gas UK’s Q1 2014 Business Sentiment Index…

North Sea slowdown predicted

Jan 13, 2014

Wood Mackenzie’s annual UK upstream oil and gas review concluded that 2013 was a mixed year for the industry.Capital investment continued to increase, however, this was set against the backdrop of project delays, production underperformance and poor exploration success…

Transocean to join S&P 500 Index

Oct 22, 2013

Standard & Poors said that Transocean Ltd. (RIG) would replace computer maker Dell Inc. (DELL) in the S&P 500 index, effective 28 Oct 2013. The S&P 500 index one of the most commonly followed stock market (equity) indices and it is based…

Baker Hughes Introduces Well Count for US

Jul 19, 2013

Baker Hughes Inc.  has introduced the Baker Hughes Well Count, a new index that provides key U.S. onshore well count data. The proprietary count will be available on a quarterly basis.  The Baker Hughes Well Count is a natural extension of the Baker Hughes Rig Count…

Seeking new opportunities

Jun 18, 2013

Subsea Index creates business opportunities in English and Portuguese with high quality, business relevant data on subsea companies and organizations. The Brazilian companies União Engenharia and CP+ were among the first to register in the new Subsea Index…

The Future of Solutions

Jun 18, 2013

Since the 1980’s, the Norwegian subsea industry has evolved to become a world-leading supplier of underwater equipment and technology. Oil and gas production across the world happens in ever deeper water, and the wells are increasingly complicated to operate…

Contractors lead UK optimistm

Mar 12, 2013

The confidence of Britain’s oil and gas industry is steadily increasing according to Oil & Gas UK’s business confidence index published today.Oonagh Werngren of Oil & Gas UKAn analysis of data gathered in February reveals that the sector has…

Upstream costs climb

Aug 01, 2012

High demand for goods and services helped push up building and operating costs for upstream oil & gas facilities over the six-month period covering 3Q 2011 to 1Q 2012, according to two IHS cost indexes. The IHS Upstream Capital Cost index rose 2…

Reducing uncertainty in the riskiest part of operations

Jun 01, 2012

stakeholder expectation of operational performance continues to rise exponentially and as a result, operational risk management is now firmly ensconced as a board level challenge. Petrotechnics CEO Phil Murray explains how his company's newly…

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