Rigzone.com (74)

Oil Trades Above $51 as Heightened Risk Appetite Props Up Prices

Oil rebounded as a risk-on appetite is seen coming back into financial markets.

EPA Abandons Changes To US Biofuel Program After Lawmaker Pressure

The US EPA has backed off a series of proposed changes to the nation's biofuels policy after a massive backlash.

Venezuela's Deteriorating Oil Quality Riles Major Refiners

PDVSA is increasingly delivering poor quality crude oil to major refiners in the United States, India and China.

Kemp: US Natural Gas Prices Under Pressure Even As Stocks Tighten

US natural gas stocks continue to tighten, but most traders appear unconcerned.

US Regulator To Monitor Winter Natgas Supply In California, New England

US energy regulators will pay attention to natural gas supply issues in Southern California and New England this winter.

Could Mexico Be the Next Panama Canal for Gas? Drillers Think So

America's drillers are looking for a cheaper and quicker route.

Egypt Calls for Less LNG in Tender as Domestic Gas Boost Looms

Egypt is paring down its requests for liquefied natural gas.

Asian Prices Drop On Wary Buyers And Lackluster Egyptian Demand

Asian spot LNG prices fell this week.

Baker Hughes: US Oil Drillers Cut Rigs For A Third Week In A Row

The US oil rig count fell for a third week in a row, extending a two-month drilling decline.

Oil Barge Explosion Off Texas Kills One, Fire Now Out

At least one person was killed and another was missing on Friday after an oil barge being pulled by a tug boat caught fire and exploded.

Cash-Poor Alaska Eyes Foreign Capital To Jump-Start Energy Projects

Alaska is pursuing foreign investors for its oil and gas industry, hoping to advance recent discoveries.

How to Prepare for an Interview as a Drilling Consultant

From technical questions to soft skills, Rigzone shares tips on what drilling consultant job candidates can expect during their interview.

Chevron Approves New Tech Investment To Raise Output At North Sea Field

Chevron approves an investment to increase output from its Captain oilfield by using a new water-injection technology for the first time in the North Sea, the company says.

Top Oilfield Services Firms Signal Fourth-Quarter Uncertainty

The world's top two oilfield service firms warned of a slowdown in North America and a challenging year ahead.

BP Chairman Svanberg to Retire; Search Starts for Successor

BP's Chairman Carl-Henric Svanberg to retire.

Statement: Indonesia To Extend Inpex's Masela LNG Contract By 27 Years

Indonesia has agreed with Inpex to extend the company's contract to operate the Masela natural gas field by up to 27 years.

Eni Looks To Strengthen Ties With Rosneft, Maybe In LNG

Eni is keen to strengthen ties with Rosneft and could forge a partnership in the LNG sector.

Oil Drops More Than 1% On Profit Taking After 4 Days Of Gains

Oil prices fell more than 1%, breaking four days of gains.

Juncker: No EU Unity For Russia Nord Stream 2 Talks

The European Commission says that despite a lack of unity among member states over Russia's plans for a new gas pipeline to Germany, it would press ahead.

BLOG: What You Didn't Know about Millennials in the Workplace

A new study by Deloitte paints a very different millennial worker than we've been conditioned to believe.

World's Biggest Oil Traders See Wildly Diverging Crude Price

The world's biggest oil traders say crude could rise above $60 a barrel in a year as demand grows and OPEC keeps cutting.

In 'Energy City' USA, Hurricane Harvey's Fury Is Still Lingering

It took five weeks for the largest US oil refinery to get back to normal after Hurricane Harvey.

Thailand's PTTEP Delays Canadian Oil Sands Project At Cost Of $550MM

PTTEP says it was delaying plans investment for the Mariana Oil Sands in Canada.

Mexico Expects To Hold A Third Oil And Gas Auction In 2018

Mexico's oil regulator will likely add another oil auction featuring conventional onshore oil and gas blocks, a senior official says.

Iraq's Oil Exports via Turkey Dwindle as Kirkuk Fields Stay Shut

Crude exports from northern Iraq fell again, and output remained curtailed in the nation's disputed Kirkuk province.

OPEC Sends Strongest Signal Cuts Will Be Extended to End-2018

OPEC sent its strongest signal yet that output cuts will be extended until the end of 2018.

Forget Peak Demand, Norway's Oil Chief Wants More Crude to Pump

The renewable energy revolution doesn't scare the man overseeing western Europe's biggest crude oil spigot.

Schlumberger's Latest Asset Deal Raises Fresh Concerns Ahead Of 3Q

Schlumberger seals a deal to buy oil and gas assets worth $1 billion from Cenovus Energy.

Energean: Montenegro In 'Sweet Spot' Of Untapped Adriatic O&G Potential

Two blocks offshore Montenegro awarded to Greece's Energean Oil & Gas are estimated to have 1.8 trillion cubic feet of recoverable natural gas reserves, Energean says.

Iraq Turmoil Threatens Billions in Oil Traders' Kurd Deals

The crisis unfolding around the Iraqi city of Kirkuk has left some of the world's largest commodity trading houses worried.

Saudi Oil Minister Says Full Aramco IPO Is on Track for 2018

Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company.

African Petroleum Seeks Arbitration Over Gambia Oil Dispute

African Petroleum Corp has begun arbitration proceedings over Gambia's decision to strip the company of its rights to explore for oil in two offshore areas.

Angola Is Not The Next Venezuela, State Oil Firm Says As It Cuts Debt

Angola is not the next Venezuela, the head of state oil firm Sonangol says.

Oil Pares Gains Into Settlement; US Fuel Stockpiles Rise

Oil prices settled slightly higher on Wednesday, with Brent touching three-week highs.

LNG Producers Take Time To Relax Destination Clauses Despite Japan Ruling

Global liquefied natural gas suppliers are taking time to revise destination clauses in supply contracts for Japanese buyers.

America's Shale Gas Guru Seeks Buyers, Only Finds Partners

The billionaire evangelist of US natural gas exports is finding himself having some surprising conversations these days.

Kinder Morgan 3Q Revenue Dips On Harvey Impact

Kinder Morgan reports a 1.5% fall in quarterly revenue, partly due to the impact of Hurricane Harvey.

Storm In Western Canada Disrupts Crude Oil Pipelines

Two crude oil pipelines in western Canada were shut down on Wednesday after stormy weather caused power outages in parts of Alberta and Saskatchewan.

Iraq's Pipeline Exports Slump After Clash With Kurds at Kirkuk

Oil exports from northern Iraq dropped by more than half as production in the country's disputed Kirkuk province slumped for a second day.

Oil's Biggest Rigs Headed to Junkyard as Daily Losses Mount

Transocean's recent move signals just how bleak the future looks for deepwater drilling.

Encana Calls End to Permian Race as Focus Turns to Output

Investors will focus on how profitably companies are able to produce from their current holdings, Suttles says.

Republican Tactic Aims to Open Eastern Gulf, Arctic to Oil Rigs

Congressional Republicans have found a way to use the federal budget to open the Arctic National Wildlife Refuge to oil drilling.

Kremlin Oil Major Piles Up Investments In Iraq's Kurdistan Amid Crisis

Rosneft has agreed to invest $400 million in five oil blocks in Iraqi Kurdistan, increasing Moscow's exposure to the semi-autonomous region.

Total CEO: US Shale Oil Industry To See Wave Of Investment

The US shale industry will see another production surge in 2018 as producers have sharply ramped up bets against a fall in oil prices, major oil executives and bankers say.

Financial, Security Woes Put Libyan Oil Recovery On Shaky Ground

Libya's oil production revival is being undermined by the same financial, economic and security problems that threaten the promise of stability.

Oil Near $52 After Industry Data Shows Crude Stockpile Draw

Oil was little changed after an industry report was said to show US crude stockpiles fell, while supplies of products gained.

Emerson Expands Technology Footprint, Acquires Paradigm

Emerson has agreed to acquire Paradigm, a leading provider of software solutions for the oil and gas industry.

Capline Owners Gauge Interest in Pipeline Reversal

Marathon Pipe Line, Plains All American, BP may convert crude pipeline's flow from northbound to southbound.

Avenue Capital Urges Ocean Rig To Hire Advisers

Ocean Rig UDW's fifth-biggest investor Avenue Capital Group urged the offshore driller to hire advisers to review 'opportunities.'

CEO: MET International Plans To Boost LNG Trades In 2018

MET International AG plans to boost its LNG trades in Europe next year.