Latest News Headlines

    Rigzone.com: Latest News Headlines

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

  • Commodity Corner: Weaker Dollar Boosts Crude Oil

    Encouraging news about Europe's economy helped the euro to gain ground against the dollar and lift September oil futures above $78 Thursday.
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  • National Oilwell Touts $2.94B in 2Q Revenues

    "Our Company achieved solid earnings this quarter, thanks to the hard work of our dedicated employees, who provide great service, quality products, and remarkable technology to the oil and gas industry worldwide, every day," said Pete Miller.
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  • Expro Creates Sonar Metering Centre of Excellence

    Expro has created a Centre of Excellence in Aberdeen, providing specialist training to employees on its innovative sonar metering systems.
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  • TAMM O&G Welcomes New CEO

    TAMM O&G announced the appointment of Mr. Donald W. Hryhor as the new President and CEO effective immediately.
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  • Baron, Kodiak Terminate Term Sheet

    Baron announced that it and Kodiak Capital have mutually agreed to terminate the non-binding term sheet to furnish a $10 million equity line.
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  • Pride Swings to Loss in 2Q Due to Jackup Lag

    Revenues totaled $350.3 million during the second quarter of 2010 compared to $362.8 million and $439.5 million during the first quarter of 2010 and second quarter of 2009, respectively.
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  • Northern Offshore Notes Resignations of Senior VPs

    Northern Offshore announced that the Company's Senior Vice President Marketing and Senior Vice President Operations have resigned from the Company effective in early September 2010.
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  • Entek Updates Green River Basin Ops

    Entek provided the following update on the Company's Green River Basin operations.
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  • Origin Energy Drills Ahead at Perth Basin

    This well is being drilled to appraise the extent of the gas accumulation discovered by the Redback South 1 well.
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  • CAMAC Waves Goodbye to CEO

    CAMAC announced Frank C. Ingriselli will retire from his position as Chief Executive Officer, President and member of the Board of Directors, effective August 1, 2010.
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  • SMD to Supply Quasar ROVs to Kreuz Subsea

    SMD announced a contract award from Kreuz Subsea of Singapore for the supply of two Quasar workclass ROV systems both rated to 2,000m water depth.
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  • Alamo US Wells Encounter Hydrocarbons

    Alamo provided an Update with all 7 new wells from the drilling campaigns in Texas, Kentucky and West Virginia encountering hydrocarbons.
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  • Sky Petroleum Finalizes Seismic Engagement on Albanian Blocks

    Sky Petroleum announced that it is finalizing the engagement of a firm to conduct a geophysical review of the seismic and log data for the three exploration blocks, Four, Five and Dumre.
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  • Seafox Group, Keppel FELS Enter JV in Singapore

    Seafox Group has officially entered into a joint-venture and construction agreement with Keppel FELS in Singapore for the Seafox 5.
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  • Casey Slips 'Fracking' Rules into Energy Bill

    A provision to require disclosure of all chemicals used in fracturing Marcellus Shale to extract natural gas could wind up as part of the scaled-down national energy bill the U.S. Senate might consider soon.
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  • Deepwater Beckons as ConocoPhillips Sells Other Assets

    ConocoPhillips may seek to expand in the deep-water Gulf of Mexico, where it is "under-represented" after regulatory uncertainty is cleared up.
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  • Baker Hughes Moves 300 Workers Out of Gulf

    The federal moratorium on deep-water offshore drilling has caused Baker Hughes to move hundreds of employees out of the Gulf of Mexico, said CEO Chad Deaton.
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  • Different Towns, Different Rules for Gas Drilling

    The mounting wave of Marcellus Shale gas drilling is creating a substantial challenge for local municipalities.
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  • BP In Talks to Sell Stakes in Venezuela Oil Projects

    BP is in talks to sell its stakes in oil projects in Venezuela to its Russian joint venture TNK-BP part of a $30 billion asset disposal program designed to help it meet the costs of the Gulf of Mexico oil spill.
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  • H&P to Build, Operate 9 Additional Rigs; Posts 2Q Results

    Helmerich & Payne has signed contracts to build and operate nine additional FlexRigs.
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