Oil Industry Headlines
Rigzone.com: Industry Headlines
The latest upstream oil and gas news from around the world.
Crude Regains Upward Momentum, Tops $82
NYMEX crude topped $82 a barrel Wednesday as last week's drawdown in fuel supplies spurred traders to open wallets for energy commodities late in the session.
Read moreLand Rig Review: North Dakota and the Bakken Shale Rig Fleet Profile
Rigzone profiles key aspects of North Dakota exploration activity and the Bakken shale rig fleet.
Read moreExxonMobil Exec: Natural Gas to Play Key Role in Energy Future
The development of natural gas resources from around the world will play an important role in the future global economy, Tom Walters, president of ExxonMobil Gas & Power Marketing Company, said.
Read moreIHS CERA Spotlights 'Shale Gale' Sweeping across N.A.
Fueling North America's Energy Future says that the emergence of shale gas has the potential to be a "game changer," dramatically augmenting natural gas supply and opening new opportunities for competition among different energy sources.
Read moreHouston American Energy's Stake in Colombia May Pay Off
Houston American Energy may soon reap big rewards from its well-established presence in Colombia.
Read moreEast Africa Shines as Oil Exploration Bright Spot
East Africa has become a promising new frontier for oil exploration and major multinationals are jostling for the rights to search for black gold.
Read moreMissing AGL Executive Found Deceased in New Orleans
Sequent Energy Management President Douglas N. Schantz was found deceased yesterday after apparently falling accidentally into the Mississippi River in New Orleans.
Read moreOil Pares 8-Week High; Steadies above $81
NYMEX crude oil futures maintained a bullish price tag above $81 a barrel Tuesday, despite a stronger dollar and forecasts for an additional build in crude stocks.
Read moreLand Rig Review: Land Rig Utilization Trends
Although the land rig hiring spree has improved utilization, there is still capacity on the sidelines. Rigzone highlights utilization trends and digs deeper into the statistics and drivers.
Read moreBP Exec: International Oil Cos Must Keep Frontier Spirit
Ever since national oil companies began asserting their muscle, international oil companies have stayed relevant by pushing back the frontier of hydrocarbon exploration, a BP executive said Tuesday.
Read moreSaudi Aramco to Invest $90B in O&G Projects to 2015
"Global demand for petroleum will recover very strongly" as population and living standards grow," Saudi Aramco Chief Executive Khalid Al-Falih said Tuesday.
Read moreMusings: Gas Shales May Change More Than U.S. Energy Markets
G. Allen Brooks takes a look at the impact of North American gas shale developments on the domestic natural gas industry.
Read moreAzerbaijan's $6B Chirag Oil Project Sanctioned
The $6 billion development plan is the next major step in the ongoing development of the ACG field in the Azerbaijan sector of the Caspian Sea.
Read moreChevron Drives Upstream Growth with LNG Projects
Chevron enters the decade with an upstream portfolio of major capital projects that uniquely positions the company for future growth, executives said today at a meeting with financial analysts in New York.
Read moreOil Stays Strong above $81; Natural Gas Retreats
Spurred by a weaker greenback against the euro and light-volume trade, NYMEX crude soared above $81 a barrel for a second consecutive session.
Read moreLand Rig Review: Rebound Predicated on Oil/Horizontal Drilling
The rig count recovery to date has centered around oil focused and horizontal directed drilling activity. However, so far in 2010 the gas rig count has been playing some catch up.
Read morePetrobras CEO Sees 'Bigger' Capex for 2010-2014
CEO Jose Sergio Gabrielli said Monday that Petrobras' pending capital spending plan will likely trump the allocated amounts for 2009-2013.
Read moreCNOOC, Sinochem Sign Initial Agreement with Iraqi Oil Ministry
A consortium led by CNOOC has signed an initial agreement with the Iraqi oil ministry to develop the 2.5 billion-barrel Missan oil field complex.
Read morePetroChina, Shell in $3B Bid for Australian Gas Firm
Shell and PetroChina reportedly made a joint bid of $3 billion to acquire Arrow Energy in line with surging international interest in Australia's unconventional natural gas.
Read moreChevron, Exxon Expected to Continue Aggressive Spending
ExxonMobil and Chevron are expected to unveil this week business plans that point toward continued aggressive capital spending and improved production.
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