Latest News Headlines

    Rigzone.com: Latest News Headlines

    The latest upstream oil and gas news from around the world.

  • Oil in Bear Market Declines for Fifth Week as Supply Climbs

    "It's becoming bearish mania," said one analyst.
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  • Greece Approves Offshore Applications by Total-ExxonMobil, Energean

    Greece approved applications submitted by a consortium of Total, ExxonMobil and Hellenic Petroleum, its energy ministry said.
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  • Argentina's YPF Says Technology Lowering Its Shale Costs

    Loma Campana is the first productive field in Argentina's Belgium-sized Vaca Muerta shale formation.
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  • US Drillers Add Oil Rigs for Record 23rd Week in a Row -Baker Hughes

    U.S. energy firms added 11 oil rigs in the week of June 23, Baker Hughes said Friday.
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  • Kemp: Oil Market Flashes Warning About Stock Levels in 2018

    The emergence of a large contango implies many hedgers and speculators now expect stocks to remain higher than before.
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  • Petrobras Revives Plan for IPO of Fuel Distribution Unit

    Petrobras' CEO said the company is reviving an initial public offering of its fuel distribution unit to cut its debt.
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  • Russia's Novatek Aims Topple Qatar from LNG Top Spot

    Qatar and Russia have long been rivals in global gas markets.
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  • Gazprom Smells Opportunity as UK's Biggest Gas Store Shuts

    While Britain's import needs are mostly met by Norway, it also receives Russian fuel indirectly through pipelines.
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  • Four of Canada's Biggest Banks Are Key Trans Mountain Lenders -Filings

    Energy infrastructure projects in Canada have faced opposition from environmental groups and aboriginal communities.
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  • China, India, Japan Hamper Asia Oil Demand Growth

    Faltering demand growth in key Asian crude importers is further hampering efforts to restore market balance.
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  • Mexico's Pemex Sees Restart of Salina Cruz Refinery on July 30

    The Pacific coast refinery is Mexico's biggest, with a daily processing capacity of 330,000 barrels of crude oil.
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  • Kemp: Cheaper Gasoline Should Give Limited Boost to US Fuel Consumption

    Gasoline consumption depends on the volume of traffic and the average fuel-economy of the cars on the road.
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  • Shale 'Jedi' Who Turned Enron Reject Into Gold Builds Again

    "It's 'Return of the Jedi,'" said one analyst.
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  • What Are the Qualifications to Become a Welder?

    Learn about basic qualifications to become a welder.
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  • S.Korea's KOGAS To Receive First LNG Cargo Under Contract With US Exporter

    Korea Gas Corp (KOGAS) will early next month receive its first liquefied natural gas (LNG) cargo under a long-term supply deal with U.S. exporter Cheniere Energy.
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  • Hellenic Petroleum Five-Month Pretax Profit At 246MM Euros

    Greece's biggest oil refiner Hellenic Petroleum had a pretax profit of 246 million euros ($274.8 million).
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  • Big Oil Turns To Big Data To Save Big Money On Drilling

    In today's U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth.
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  • Essar Oil's Creditors Approve $12.9B Rosneft Takeover

    Creditor banks to India's Essar Oil approve the acquisition of the company by a group including Russia's Rosneft.
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  • French Energy Minister Confirms No New Permits for Exploration

    The French energy minister Nicolas Hulot confirms that there will be no new permits for oil and gas exploration in the country.
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  • TRACE Secures INPEX Deal, Creates Jobs

    TRACE has been awarded a 6-year contract by INPEX for maintenance services to support the operation of the Ichthys LNG onshore facilities in Darwin.
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