Oil Industry Headlines

    Rigzone.com: Industry Headlines

    The latest oil and gas news from around the world.

  • Oil Prices Fall As Market Weighs Virus Impact

    WTI and Brent crude oil prices finished lower for the third straight trading day.
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  • Focus Projects Strained McDermott Finances

    'Focus projects', namely Freeport and Cameron LNG, significantly strained McDermott's finances.
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  • Alarm Over Virus Pushing Down Oil

    Oil extended declines from the lowest close in seven weeks on speculation China's coronavirus outbreak may dent demand as the market tackles a glut of global crude supplies.
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  • Oil Prices Fall Sharply

    WTI and Brent crude oil prices dropped sharply during midweek trading amid ongoing concerns about key market indicators.
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  • Are US Anti-OPEC Efforts Fading?

    The current view within the White House is that OPEC's clout "is already waning and there's no pressing need for action".
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  • Oil Chiefs at Davos Debate Tougher CO2 Cuts

    The bosses of some of the world's biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos on Wednesday.
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  • McDermott Expects to Keep Paying Wages and Benefits

    All of McDermott's businesses are expected to continue to operate as normal for the duration of its recently announced restructuring, the company has confirmed.
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  • Oil Down as Virus Concern Seen Countering Disruptions

    Oil declined as Goldman Sachs Group said demand concerns over a potential coronavirus epidemic would counter fears of supply disruptions in OPEC producers Libya, Iran and Iraq.
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  • Oil Prices Settle Lower Amid Libya and Iraq Tensions

    WTI and Brent crude oil prices posted modest declines during Tuesday's session.
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  • Energy Chiefs Tout CO2 Capture

    Capturing carbon dioxide from the fossil-fuel industry is key to slowing dangerous global warming, energy chiefs said in Davos.
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  • Oil Slides on Plentiful Supply

    Oil fell below $65 a barrel as ample global supplies offset the loss of exports from Libya.
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  • Oil Pares Gains

    Oil pares gains after rising to the highest in more than a week as projections of plentiful world supplies countered concern about disruptions in Iraq and Libya.
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  • Evolution Well Services Inks 2-Year Electric Frac Deal

    Evolution Well Services has landed a 24-month deal providing electric fracking services to an unnamed onshore oil and gas producer beginning this quarter.
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  • Higher Non-OPEC Output Will Keep Oil Prices Honest in 2020

    OPEC and its allied producers might be cutting output, but incremental non-OPEC production and demand doubts are likely to prevent oil benchmarks from overshooting current trading ranges.
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  • SNC-Lavalin Wins UAE Haliba Field Contract

    Execs from the Al Dhafra joint venture commemorate first oil from the Haliba field in this ADNOC photo from July 2019. PHOTO SOURCE: ADNOC
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  • OPEC, IEA or EIA Completely Wrong in 2020 Oil Market Analysis

    Somebody big has got their analysis of the 2020 oil market flat wrong.
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  • Oil Up After Unrest Hits Key OPEC Producers

    Oil jumped back above $65 a barrel as supply disruptions in Iraq and Libya reignited concerns over the market's vulnerability to geopolitical risk in key production regions.
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  • Oil Prices Nearly Flat for the Week

    WTI and Brent crude oil futures posted small gains Friday but are down slightly for the week.
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  • US Adds 15 Oil, Gas Rigs

    The U.S. rig count increased for the first time this year as the nation added 14 oil rigs and one gas rig.
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  • Oil Heads for Weekly Drop Amid Demand Concerns

    Oil is headed for a weekly drop amid persistent demand concerns.
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