Latest News Headlines

    Rigzone.com: Latest News Headlines

    The latest oil and gas news from around the world.

  • Oil Prices Higher for the Week

    WTI and Brent finished higher Friday, also showing week-on-week increases.
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  • Shell Traders Rake In $1B Profit in Fuel Oil Market

    Royal Dutch Shell Plc has made $1 billion from trading fuel oil this year, making it one of the standout winners from rules designed to make the shipping industry greener.
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  • US Drops Eleven Oil, Gas Rigs

    The U.S. dropped 10 oil rigs and one gas rig for a net loss of 11 rigs this week, according to data from Baker Hughes Company.
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  • BHP Names New CEO

    Australian miner BHP has appointed Mike Henry as its new CEO and executive director.
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  • Jennings Returning to CEO Role at HollyFrontier

    Michael Jennings previously served as HollyFrontier's CEO from 2011 to 2016.
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  • Brazil FPSO Starts Production

    This photo, released in September of this year, shows the newly completed P-68 FPSO at the EJA shipyard in Aracruz, Brazil. PHOTO SOURCE: Sembcorp Marine
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  • Russia Makes More Money from OPEC+ Deal than Saudis

    Russia has earned more money this year from the OPEC+ deal than Saudi Arabia.
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  • Equinor Buys Inspection Services for Over $380MM

    Equinor has chosen suppliers for inspection services on all its offshore installations on the Norwegian continental shelf and onshore plants in Norway.
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  • 3D Printing On Track to Become Vital in Oil and Gas

    3D printing is on track to become a vital component within oil and gas, according to data and analytics company GlobalData.
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  • Saipem to Consider Combining with Subsea 7

    Saipem is considering a combination with rival Subsea 7 to create a larger European oil services provider, people with knowledge of the matter said.
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  • Oil Up as Market Weighs Trade Deal Against Supply

    Oil pared a weekly loss as investors weighed signs of progress in the U.S.-China trade war against swelling American crude inventories.
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  • Oil Prices Stay Range-Bound and Boring

    WTI and Brent crude oil prices showed some positive momentum early Thursday but ultimately posted day-on-day-losses.
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  • Are Investors Really Leaving Oil and Gas?

    The reality is the oil and gas sector is way too big and diverse for major institutional investors to not incorporate.
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  • Venezuela is Secretly Exporting Millions of Barrels of Oil

    Secret ships are boosting Venezuelan oil exports despite sanctions.
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  • Billionaires Circle Distressed US Oil, Gas Patch

    Billionaires are circling the distressed U.S. oil and gas patch, looking to pick up assets on the cheap at a time when the state of the industry is scaring off other investors.
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  • Total and ADNOC Plan Seismic Drone Project

    The project will use a fleet of drones to drop off thousands of seismic sensors throughout Abu Dhabi and unmanned ground vehicles to retrieve them.
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  • US Shale Operators Show 'Impressive Execution' in 2019

    U.S. shale companies are set to grow their 2019 oil production by 16%, thanks to impressive execution.
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  • Shell Affirms Commitment to Canada as Other Oil Majors Flee

    Royal Dutch Shell Plc is reassuring investors, workers and anyone else who will listen that it's the international oil major that's staying in Canada as others pull up stakes.
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  • ExxonMobil Awards Guyana Subsea Contract

    Saipem will begin limited activities under its latest contract from ExxonMobil's Guyana subsidiary.
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  • Callon, Carrizo Amend Acquisition Deal Amid Shareholder Opposition

    Following months of opposition from one of its largest shareholders, Callon Petroleum Company has lowered its acquisition offer for rival Permian player Carrizo Oil & Gas, Inc.
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