Latest News Headlines

    Rigzone.com: Latest News Headlines

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

  • Offshore Oil Recovery Beginning in World's Harshest Environments

    The improved financial condition for explorers is now emboldening rig contractors to push for better pricing.
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  • Oil Producer EQT Corp To Spin Off Midstream Operations

    Oil and gas producer EQT Corp will separate its upstream and midstream businesses, finally giving in to months of investor pressure.
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  • Thailand's PTTGC To Invest $952 Mln For Expansion In 2018

    Thailand's PTT Global Chemical Pcl will invest 30 billion baht ($951.78 million) this year to expand its business.
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  • ONGC Short-Lists Three Oil Service Majors To Lift Output From Two Fields

    India's Oil and Natural Gas Corp is set to hire international oil service giants for the first time to boost output from domestic oil fields.
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  • Austrian Oil And Gas Firm OMV Plans To Grow Via Takeovers -CEO

    Austrian oil and gas company OMV aims to grow its business with acquisitions in 2018 and increase its earnings by further cutting costs.
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  • Sparrows Group Secures Five Year Contracts with TAQA

    Sparrows Group secures 2 five-year contracts with TAQA to deliver crane operations, maintenance, rigging loft and fixed lifting inspection services to its UK Continental Shelf assets.
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  • CGG, PCJ Announce Discovery of Live Oil Seeps in Jamaica

    CGG GeoConsulting and the Petroleum Corporation of Jamaica announce the discovery of 2 independent live oil seeps from different parts of the island.
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  • Oil, Gas Will Account for Over Half of World's Energy by 2040

    Oil and gas will account for over half of the world's energy by 2040, according to BP plc's latest Energy Outlook.
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  • Aberdeen-Headquartered Xodus Group Welcomes Subsea 7 as Shareholder

    Aberdeen-headquartered engineering and advisory consultancy, Xodus Group, welcomes Subsea 7 as a new shareholder.
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  • Concho Resources Tops Profit Estimates

    Concho Resources posts a better-than-expected quarterly profit, helped by higher crude prices.
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  • Crude Rises to Two-Week High as World Tugs on US Oil Supplies

    Crude in New York rose to a two-week high.
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  • US Oil's Costly Again as It's Stored Less and Shipped More

    Dwindling volumes at the biggest US oil storage hub and the potential for bigger cargoes to sail overseas is giving American crude a premium sheen once again.
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  • TAP Gas Pipeline To Get 1.2B Euros In Loans From EBRD In 2018

    The European Bank for Reconstruction and Development plans to allocate loans for the Trans-Adriatic Pipeline (TAP) this year.
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  • Mexico's Gas Pipeline Woes Yield Binational Challenges

    Analyst tells Rigzone 10 projects experiencing 'some sort of delays.'
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  • Thai Energy Giant PTT FY Profit Up 43% At $4.3B, Beats

    PTT FY credits profit increase to higher selling prices for oil and a strong performance at its chemical and refining businesses.
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  • Total's Bayport Site to Add PE Unit in Venture with Borealis, Nova

    Total-Novealis JV to own equal shares in US Gulf Coast endeavor.
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  • Five-year Ichthys Contract Goes to Wood

    Wood wins Ichthys engineering services contract.
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  • Refiner Goes Belly-Up After Big Payouts To Carlyle Group

    Although little oil flowed, plenty of money did.
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  • Egypt's Potential Gas Surplus Could Feed Global LNG Glut

    Egypt may turn its surplus into liquefied natural gas and export it to a market currently glutted with LNG.
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  • BP Sees Electric Future With Oil Demand Peaking in 2030s

    The future is electric for BP, though it's not giving up on oil just yet.
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