Oil Industry Headlines
Rigzone.com: Industry Headlines
The latest upstream oil and gas news from around the world.
MMS Cites Less Than Half of Gulf Oil Production Shut-In
MMS reported that as of Friday, October 3, personnel were evacuated from 116 platforms and 1 rig, and approximately 48.2% of Gulf oil production was still shut-in.
Read moreOPEC Crude Price Plunges
The price for crude oil produced by OPEC fell by $2.91 last Friday, as global oil prices were pushed down by the financial crisis, the Vienna-based cartel reported on Monday.
Read moreIran Wants More Than $100/Barrel for Oil
A price for a barrel of crude oil that is below $100 is unacceptable, Iranian Oil Minister Gholam Hossein Nozari said.
Read moreCrude Oil Plummets Below $90
Crude oil prices fell more than $4.40, dipping Monday to less than $90 a barrel for the first time since February.
Read moreBrazil ANP Cuts Number of Oil E&P Blocks in 10th Auction
Brazil's National Petroleum Agency reduced the number of exploration and production concession blocks scheduled to be auctioned at the so-called 10th round scheduled for December.
Read moreOPEC Crude Price Lowers Again
The price for crude oil produced by OPEC eased by a further $0.72 Thursday, OPEC said Friday.
Read moreCrude Oil Prices Up Slightly
Crude oil prices gained slightly early Friday on the New York Mercantile Exchange, in spite of worries that global demand is declining.
Read moreNorth West Shelf Venture Fires Up Gas Production at Angel Platform
The North West Shelf Venture's third major offshore gas production facility, the new Angel Platform, is now operational and producing gas for processing at its Karratha Gas Plant in Western Australia.
Read moreUS Crude Futures Settle Lower on Demand Concern
U.S. crude oil futures settled sharply lower on Thursday on mounting concerns about curbed demand in a slowing economy and on the continued strength of the dollar.
Read morePDVSA,Gazprom to Develop Venezuela Deltana Gas Areas
PDVSA and Russia's OAO Gazprom plan to develop several areas in the Plataforma Deltana offshore natural gas project, a PDVSA official said Thursday.
Read moreZambia Revises Oil Act to Attract International Bids
Zambia has revised its petroleum laws in a bid to attract international oil exploration companies, the minister of mines and minerals development said.
Read moreRowan Snags Shell Commitment for Tarzan Newbuild in Egypt
Rowan received a letter of intent from Shell Egypt for the new Tarzan Class jackup, J. P. Bussell. The commitment is for two wells with options for three additional wells.
Read moreOPEC Crude Price Slides Below $90
The price for crude oil produced by OPEC slid below the $90 on Wednesday, OPEC said on Thursday.
Read moreOil Flutters Near $98 on U.S. Bailout Hopes
Oil prices were wavering near $98 a barrel Thursday as expectations the U.S. Congress will pass a revised $700 billion financial industry bailout this week battled to overcome concerns over slowing demand for crude in the world's biggest economy.
Read moreCrude Oil Prices Drop on U.S. Supply Jump
Crude oil prices retreated on Wednesday as a bigger-than-expected increase in U.S. fuel stockpiles added to traders' worries about slowing demand.
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