Latest News Headlines

    Rigzone.com: Latest News Headlines

    The latest oil and gas news from around the world.

  • Oil Futures Slide As Dollar Gets Stronger

    Oil fell the most since November.
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  • Pemex Turns Another Profit

    Petroleos Mexicanos had its first back-to-back quarterly gains in four years.
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  • Texas Freeze Highlights Energy Paradox

    Rigzone recaps some oil and gas market hits and misses for the week ending Feb. 26, 2021.
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  • Ecopetrol Chief Defends $4B Utility Deal

    Investors see the deal as a cash-strapped federal government forcing a state-run company to bail it out.
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  • Offshore Bill Would Give States More Say in Oil and Gas Leasing

    The bipartisan bill would give coastal state governors a bigger role in opening offshore oil and gas development.
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  • China Oil Reserves Close to Capacity

    China's oil stockpiles have risen to around 100 days worth of net imports, making it increasingly challenging to find extra storage tanks and facilities to hold supplies.
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  • International Oil Cos Primed for V-Shape Recovery

    International oil companies are primed for a V-shaped recovery in free cash flow and may generate record figures this year if oil prices average $55 a barrel, according to Wood Mackenzie.
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  • Cheniere to Provide Emissions Data to LNG Customers

    Cheniere Energy (NYSEAmerican: LNG) has announced that it plans to begin providing its LNG customers with greenhouse gas emissions data.
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  • Oil Set for Fourth Monthly Gain

    Oil is heading for a fourth monthly gain with the global market tightening as investors await the OPEC+ meeting next week.
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  • ERCOT Directors Resign

    Four unaffiliated directors from the Electric Reliability Council of Texas (ERCOT) board have resigned, according to a filing seen by Rigzone on the Public Utility Commission of Texas website.
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  • Oil Prices Mixed Amid Tighter Market Signals

    Oil flipped between small gains and losses.
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  • Granholm to Champion Biden Climate Agenda

    DOE oversees the USA's nuclear warhead arsenal, the Strategic Petroleum Reserve, and billions of research dollars.
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  • New Postal Delivery Vehicle Omits Natural Gas Option

    A common fleet vehicle fuel, natural gas, will not power the US Postal Service's new delivery vehicles. IMAGE SOURCE: USPS
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  • Texas Fuel Outlets Still Dealing with Shortages

    One in every seven Texas gas stations is without fuel a week after the historic freeze crippled refineries and trucking.
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  • Exxon Filing Shows 98% Oil Sands Reserves Drop

    Exxon Mobil Corp. erased almost every drop of oil-sands crude from its books in a sweeping revision of worldwide reserves.
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  • Scoop Stack Oil Output Slashed

    Production in Oklahoma's Scoop Stack shale play is forecasted to hit 342,000 barrels of oil per day and 5.8 billion cubic feet per day this month, according to GlobalData's latest report.
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  • DOE Awarding up to $46MM for Geothermal Projects

    The U.S. Department of Energy's Frontier Observatory for Research in Geothermal Energy Initiative has selected 17 projects to receive up to $46 million in funding.
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  • ADNOC Shipping Arm Buys 6 Very Large Crude Carriers

    ADNOC's shipping and maritime logistics arm, ADNOC Logistics & Services, has announced the acquisition of six Very Large Crude Carriers.
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  • Oil Benchmark Revamp Sees Opaque Swaps Trading Surge

    A planned overhaul of how the world's most important benchmark crude price is calculated has caused a surge in trading of swaps used to hedge North Sea oil prices.
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  • Exxon in $1B+ North Sea Deal

    ExxonMobil (NYSE: XOM) has signed an agreement with HitecVision for the sale of most of XOM's non-operated upstream assets in the UK central and northern North Sea.
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