Latest News Headlines

    Rigzone.com: Latest News Headlines

    The latest upstream oil and gas news from around the world.

  • Oil Jumps 3% As Dollar Falls, US Rig Count Drops

    Oil prices rose sharply, as the dollar fell and US drillers cut rigs.
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  • Dutch Oil Storage Firm Vopak Sees 2017 Profit Down On Lower Occupancy

    Vopak says its core profit in 2017 would be lower than last year.
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  • Norway's Record July Gas Sales Could Lift Statoil Earnings

    Norwegian gas sales hit a record July high, which analysts said would deliver strong quarterly earnings for top producer Statoil.
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  • TANEKO Head: Tatneft To Double TANEKO's Refining Capacity In 2017

    Russian mid-sized oil producer Tatneft plans to double the capacity of its TANEKO oil refinery to 14 million tonnes this year, TANEKO says.
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  • Vietnam Crude Oil Imports To Hit Record As Refinery Gets Ready To Start

    Vietnam's crude oil imports will soar to record highs in August as the country ramps up fuel refining at a time when local crude output is dwindling.
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  • Report: Petrobras, Brazil Dispute Transfer Of Rights Worth $30B

    Brazil's government and Petrobras are locked in a dispute over the value of offshore oil blocks involving an estimated $30 billion.
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  • Brazil Extends Customs Perks For Oil Industry Through 2040

    Brazil extended through 2040 a preferential customs regime for the oil and gas industry called Repetro.
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  • Venezuela's Oil Company Says 'Financial Blockade' Hurts Payments

    A US-led 'financial blockade' has hurt PDVSA's capacity to collect payment for crude cargoes
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  • Baker Hughes: US Drillers Cut Oil Rigs For Second Week In Three

    US energy firms cut oil rigs for a second week in three, data shows, with drillers cutting spending plans in reaction to declining crude prices.
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  • What Kind of Salary Can You Get as an Electrical Engineer in the US?

    Rigzone explores potential salaries of electrical engineers in the United States.
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  • Mexican Government Raises Pemex Deductions To Continue Oil Output

    Mexico's finance ministry says Pemex will be allowed to deduct more costs for developing some projects so the firm can maintain production.
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  • Some Gas With That Sandwich? Convenience Dominates Fuel Market

    Now the two models are coming together, combining the strength of fuel brand recognition with new consumer preferences for a broader buying experience.
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  • Local Media: Local Firm Wins Shale Gas Block Auction In China's Guizhou

    A local firm on Friday won the right to explore and develop a shale gas block in the southwestern Chinese province.
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  • Fracking Jobs Prove Elusive for Coal Miners Looking to Switch

    Dennis is learning a hard lesson of fracking: While it has created a bonanza of jobs, displaced coal miners and their communities are sometimes left out of the boom.
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  • Oil Closes Near $47 as Traders Assess US Stockpiles, Output

    Oil in New York closed near $47 a barrel, a new 'battle line' for bullish and bearish traders.
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  • Governor Urges Trump To Drop Virginia From Offshore Drilling Plan

    Virginia Governor Terry McAuliffe urged the Trump administration to exclude his state from a federal offshore oil and gas drilling plan.
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  • Glencore, Chevron Enter Mexico's Recently Opened Fuel Market

    Chevron and trading firm Glencore announced separate plans to enter Mexico's fuel market.
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  • Blackstone Adds $10 Billion in Energy Assets With Harvest Deal

    Blackstone Group LP will add $10 billion in assets by buying energy investor Harvest Fund Advisors.
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  • New American Oil Tankers Are Great for Traders, Lousy for Owners

    Once rare American-built oil tankers are now plentiful, changing US gasoline flows and giving shipowners headaches.
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  • China's Blue Skies Target May Make for Winter Gas Crunch

    The growing global LNG market will help the country meet any surge in demand this winter, says Liu Ming Hui, executive chairman of China Gas Holdings Ltd.
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