Latest News Headlines

    Rigzone.com: Latest News Headlines

    The latest oil and gas news from around the world.

  • Alarm Over Virus Pushing Down Oil

    Oil extended declines from the lowest close in seven weeks on speculation China's coronavirus outbreak may dent demand as the market tackles a glut of global crude supplies.
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  • Oil Prices Fall Sharply

    WTI and Brent crude oil prices dropped sharply during midweek trading amid ongoing concerns about key market indicators.
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  • Oil, Gas Bankruptcy Filings Climb in 2019

    The price of oil has been stubbornly immune to sustained increases despite key geopolitical catalysts.
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  • Manufacturers Seek Broader FERC Pipeline Authority

    A trade group representing US manufacturers is urging Congress to grant FERC authority to oversee the reliability of interstate gas pipeline capacity.
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  • LNG Sector Enters Unprecedented Territory

    The LNG industry achieved six all-time highs last year, according to IHS Markit.
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  • Are US Anti-OPEC Efforts Fading?

    The current view within the White House is that OPEC's clout "is already waning and there's no pressing need for action".
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  • Kuwait to Resume Oil Output in Area Shared With Saudis

    Khafji was shut down in 2014 after a spat between the neighbors.
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  • Aramco International Listing Still on the Cards

    Saudi Aramco is still considering listing shares abroad, the kingdom's Finance Minister Mohammed Al-Jadaan said.
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  • Oil Chiefs at Davos Debate Tougher CO2 Cuts

    The bosses of some of the world's biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos on Wednesday.
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  • Phillips 66 and REG Scrap Renewable Diesel Project

    Phillips 66 and Renewable Energy Group have announced that they are discontinuing their joint effort to construct a large-scale renewable diesel plant in Ferndale, Washington.
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  • McDermott Expects to Keep Paying Wages and Benefits

    All of McDermott's businesses are expected to continue to operate as normal for the duration of its recently announced restructuring, the company has confirmed.
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  • Oil Down as Virus Concern Seen Countering Disruptions

    Oil declined as Goldman Sachs Group said demand concerns over a potential coronavirus epidemic would counter fears of supply disruptions in OPEC producers Libya, Iran and Iraq.
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  • Oil Prices Settle Lower Amid Libya and Iraq Tensions

    WTI and Brent crude oil prices posted modest declines during Tuesday's session.
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  • Egypt Pulling Back on Selling LNG Cargoes

    The country canceled several LNG tenders in 2019 because the prices that it received didn't even match the cost of production.
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  • Valaris and Aramco Order Newbuild Jackups

    A Valaris-Saudi Aramco joint venture has ordered two newbuild jackup rigs from International Maritime Industries.
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  • 2020 Off to Rocky Start for Refiners

    Though less than a month in, the new year has been difficult for oil refiners.
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  • Nord Stream 2 Counting on Germany for EU Gas Rule Hurdle

    Nord Stream 2's owners are looking for an appraisal that grandfathers in earlier provisions that helped make the project economic.
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  • McDermott to Seek Bankruptcy and Sell Lummus Unit

    The company will file for bankruptcy after it reached an agreement with creditors to tackle debt acquired through a botched acquisition.
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  • US Shale Suffering From Sustained Contraction

    Slower output growth would have global ramifications, given additional US barrels are forecast to account for most of the increase in 2020 worldwide supply.
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  • Energy Chiefs Tout CO2 Capture

    Capturing carbon dioxide from the fossil-fuel industry is key to slowing dangerous global warming, energy chiefs said in Davos.
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