Oil Industry Headlines

    Rigzone.com: Industry Headlines

    The latest oil and gas news from around the world.

  • OPEC+ Likely to Retain Output Targets in Dec

    OPEC+ seems 'increasingly likely' to retain its production targets at its next meeting, according to a new research note from Jefferies.
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  • Oil Eases as Investors Monitor Trade War

    Oil eased after the biggest increase in more than two weeks as investors monitor developments in the U.S.-China trade war.
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  • Oil Rises as Key US Storage Hub Shows Biggest Draw in Months

    Oil jumps the most since the first of the month as American crude stockpiles at a key storage hub shrank by the most since August.
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  • Canadian Heavy Crude Weakens Amid Worker Rail Strike

    The price of Canadian heavy crude weakened Tuesday as a worker strike at the nation's largest railway curbed oil shipments, exacerbating a supply glut that's crippled Canada’s oil industry.
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  • Petrofac Breaks Into Permian Shale Market with Latest Acquisition

    International oilfield services provider Petrofac Limited announced Wednesday that it has entered into the world's largest producing basin with the acquisition of W&W Energy Services.
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  • Asia's Richest Man Breaks into Oil Elite Club

    Reliance Industries Ltd, run by Asia's richest man Mukesh Ambani, has eclipsed BP to break into an elite club of energy supermajors.
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  • Oil Holds Near 2-Week Low as Supplies Swell

    Oil held losses near a 2-week low on signs of swelling American crude inventories.
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  • Oil Falls Most in Seven Weeks

    Oil drops the most in seven weeks as American crude stockpiles are forecast to rise and U.S.-China trade talks stall.
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  • Baker Hughes, C3.ai, Microsoft Team up to Boost Energy AI

    The JV will help customers adopt scalable AI solutions for the energy industry that promote safety, reliability, and sustainability.
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  • Salaries Growing Faster in Texas Than NY

    The New York city area may boast the largest share of personal income in the U.S. but pay is growing the fastest in the much smaller oil-boom towns of Odessa and Midland.
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  • EIB to End Fossil Fuel Financing From 2021

    The European Investment Bank will end financing for fossil fuel energy projects from the end of 2021.
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  • Oil Down as US Crude Supply Seen Rising

    Oil dropped for a second day on indications American crude stockpiles and shale output will keep expanding.
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  • Oil Falls as Pessimism Clouds Chance of Trade War Settlement

    Oil falls the most in about two weeks from an eight-week high amid dimming prospects for resolution to the long-running U.S.-China trade war.
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  • Exxon Says NY Used Fraud Claims to Land Political Points

    You'd expect most companies accused of a longstanding fraudulent scheme to be thrilled if the government dropped those claims against them. Not so for Exxon.
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  • Paulson No Longer Opposes Callon-Carrizo Deal

    Hedge fund Paulson & Co. Inc. is dropping its opposition to U.S. shale producer Callon Petroleum Company's buyout of rival Permian player Carrizo Oil & Gas.
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  • Oil Short-Selling Unwinds

    Hedge-fund managers unwound bets that crude will fall at the fastest pace in 16 months.
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  • Supermajor Asset Sale Could Fetch $27B

    Oil and gas supermajors are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy.
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  • Oil Holds Near 8-Week High on Trade Deal Optimism

    Oil held gains near the highest close in eight weeks on signs of progress toward a breakthrough in the prolonged U.S.-China trade war.
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  • Oil Prices Higher for the Week

    WTI and Brent finished higher Friday, also showing week-on-week increases.
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  • US Drops Eleven Oil, Gas Rigs

    The U.S. dropped 10 oil rigs and one gas rig for a net loss of 11 rigs this week, according to data from Baker Hughes Company.
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