Oil Industry Headlines

    Rigzone.com: Industry Headlines

    The latest oil and gas news from around the world.

  • Oil Prices Finish Week Higher Amid Summer Demand Optimism

    Oil futures edged upward Friday and posted a gain for the week.
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  • Oil and Gas Industry Success Fuels Energy Transition

    Rigzone reviews some oil and gas market hits and misses for the week ending May 7, 2021.
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  • Rig Sinks and More

    Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
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  • Big Oil Braces for Climate Votes

    As Europe's oil majors prepare to host their annual shareholder meetings, one topic is garnering almost all the attention.
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  • Oil Heads for Back to Back Weekly Gain

    Oil headed for a second straight weekly advance as investors bet on rising energy demand amid a broader rally in commodities.
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  • Analysts Raise 2021 Oil Price Forecast

    Analysts at Fitch Solutions Country Risk & Industry Research have raised their average Brent oil price forecast for 2021.
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  • Velesto Provides Update on Sunken Rig

    Velesto Energy Berhad has provided an update on the Velesto Naga 7 rig, which was revealed to have submerged on May 4.
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  • Oil Prices Decline Amid Uneven Recovery Signs

    Oil declined amid the coronavirus crisis in India and a slowing demand rebound in the USA.
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  • Gulf Coast LNG Players Pursue Risky Carbon Capture Route

    They are seeking to burnish their green credentials via a costly and largely untested technology.
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  • Oil Slides Amid Uneven Consumption Recovery

    Oil slipped below $69 a barrel as traders assessed an uneven recovery in global demand.
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  • Texas Oil Group Welcomes Bill Passage

    The Texas Independent Producers & Royalty Owners Association (TIPRO) has welcomed the passage of senate bill 13.
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  • Oil Futures Show Modest Moves

    Oil was little changed during midweek trading.
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  • Suncor Sees Vaccines as Canada Demand Lag Solution

    Canada's oil demand isn't bouncing back like it is in the U.S. as the country fights to contain the coronavirus, the chief executive of Suncor Energy Inc. said.
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  • Oil Up as Sagging Stockpiles Aid Bull Bets

    Oil extended a rally after U.S. stockpiles fell and reopening drives in the U.S. and Europe showed signs of boosting demand.
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  • Oil Prices Continue Ascent

    Oil climbed to the highest since the middle of March.
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  • Rig Sinks After Incident Offshore Sarawak

    The board of directors of Velesto Energy Berhad has revealed that an incident involving its Naga 7 rig has occurred offshore Sarawak.
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  • Very Likely Oil Will Rise Towards $70

    It's very likely that oil will claw back towards $70 per barrel in the coming months, according to Rystad Energy.
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  • Oil Futures Settle Higher Amid Reopening Shift

    Oil climbed as optimism over progress in reopening some of the world's largest economies outweighed deepening coronavirus risks elsewhere.
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  • What Will Virus Surge Mean for Oil Demand Outlook?

    Check out this preview of what to watch this week in the oil and gas markets.
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  • Oil Prices Show Monthly Increase

    Oil rose this month with a slew of positive economic data and signs of a budding fuel consumption revival in key economies.
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