Latest News Headlines

    Rigzone.com: Latest News Headlines

    The latest oil and gas news from around the world.

  • Light Crude Down 11% for the Month

    Oil posted its largest monthly drop since March.
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  • Will Bigger Be Better for Oil and Gas Players?

    Check out Rigzone's review of oil and gas market hits and misses for the week ending Oct. 30, 2020.
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  • Foes of $3.8B Pipeline Seek Payback If Biden Wins

    A Biden administration could make an example of an oil pipeline project that has been in the crosshairs of climate activists, celebrities and Native Americans.
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  • Chevron Stuns Analysts with Earnings Surprise

    Chevron Corp. posted a surprise profit as the oil supermajor slashed capital spending to cope with the pandemic-driven collapse in crude demand.
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  • Texas Swings Back to Upstream Jobs Gain

    The Texas Oil and Gas Association reported this week that the state’s upstream oil and gas sector added 700 jobs in September.
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  • XOM Warns of $30B Shale Writedown

    Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields after posting a historic loss despite sweeping budget and job cuts.
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  • 85 Percent of US GOM Oil Output Offline

    The BSEE has estimated that, as of Thursday, approximately 84.8 percent of the current oil production in the U.S. Gulf of Mexico has been shut-in.
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  • Equinor and BP Strike Oil Offshore Canada

    Equinor and BP Canada have made two oil discoveries offshore Newfoundland, Canada.
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  • Oil Prices Under Pressure

    Oil prices are under pressure all along the forward curve, according to Standard Chartered.
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  • ExxonMobil Announces US Job Cuts

    ExxonMobil (NYSE: XOM) has announced that it plans to reduce staffing levels in the United States.
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  • Oil Set for Worst Month Since March

    Oil is poised for the biggest monthly slide since March on concern a resurgent pandemic in the U.S. and Europe will keep people hunkered down, crimping demand for auto and aviation fuel.
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  • Oil Prices Fall Amid Demand Destruction Fears

    Oil futures fell to multi-month lows as record growth in coronavirus cases in the US and Europe raised the specter of more demand destruction.
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  • Exxon Keeps Dividend High

    Exxon Mobil Corp. is maintaining the third-highest dividend in the S&P 500 Index.
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  • Repsol Seeks Contract for Canadian Crude

    The Spanish company has typically sourced heavy crude supplies from Latin America and has been the biggest buyer of Mexican crude in 2020.
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  • PBF to Lay Off 250 at East Coast Refinery

    The company will idle operations at the refinery for the foreseeable future.
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  • Biden Win Could Create Iran Headache for OPEC

    For fragile oil markets, the outcome of next week's US election poses yet another risk: the prospect that major producer Iran may regain its role in international trade.
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  • Shell Raises Dividend

    Royal Dutch Shell set out to woo disgruntled investors by raising its dividend and pledging to grow it steadily, just six months after slashing the payout.
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  • Borr Drilling Sells Rig to Unnamed Buyer

    Borr Drilling Limited (NYSE: BORR, OSE: BDRILL) has entered into an agreement to sell its cold stacked jack-up drilling rig 'Atla' to an independent operator.
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  • ExxonMobil Eyes Vietnam LNG Project

    Hai Phong, Vietnam may become home to an integrated LNG-to-power project.
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  • Petronas Investigating Vessel-Rig Collision

    Petronas has announced that investigations are ongoing into the cause of the incident involving the MV Dayang Topaz vessel, which collided with platform structures at the Baram field on October 27.
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