Latest News Headlines

    Rigzone.com: Latest News Headlines

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

  • Saudi Oil Minister Says Full Aramco IPO Is on Track for 2018

    Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company.
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  • African Petroleum Seeks Arbitration Over Gambia Oil Dispute

    African Petroleum Corp has begun arbitration proceedings over Gambia's decision to strip the company of its rights to explore for oil in two offshore areas.
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  • Angola Is Not The Next Venezuela, State Oil Firm Says As It Cuts Debt

    Angola is not the next Venezuela, the head of state oil firm Sonangol says.
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  • Oil Pares Gains Into Settlement; US Fuel Stockpiles Rise

    Oil prices settled slightly higher on Wednesday, with Brent touching three-week highs.
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  • LNG Producers Take Time To Relax Destination Clauses Despite Japan Ruling

    Global liquefied natural gas suppliers are taking time to revise destination clauses in supply contracts for Japanese buyers.
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  • America's Shale Gas Guru Seeks Buyers, Only Finds Partners

    The billionaire evangelist of US natural gas exports is finding himself having some surprising conversations these days.
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  • Kinder Morgan 3Q Revenue Dips On Harvey Impact

    Kinder Morgan reports a 1.5% fall in quarterly revenue, partly due to the impact of Hurricane Harvey.
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  • Storm In Western Canada Disrupts Crude Oil Pipelines

    Two crude oil pipelines in western Canada were shut down on Wednesday after stormy weather caused power outages in parts of Alberta and Saskatchewan.
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  • Iraq's Pipeline Exports Slump After Clash With Kurds at Kirkuk

    Oil exports from northern Iraq dropped by more than half as production in the country's disputed Kirkuk province slumped for a second day.
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  • Oil's Biggest Rigs Headed to Junkyard as Daily Losses Mount

    Transocean's recent move signals just how bleak the future looks for deepwater drilling.
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  • Encana Calls End to Permian Race as Focus Turns to Output

    Investors will focus on how profitably companies are able to produce from their current holdings, Suttles says.
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  • Republican Tactic Aims to Open Eastern Gulf, Arctic to Oil Rigs

    Congressional Republicans have found a way to use the federal budget to open the Arctic National Wildlife Refuge to oil drilling.
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  • Kremlin Oil Major Piles Up Investments In Iraq's Kurdistan Amid Crisis

    Rosneft has agreed to invest $400 million in five oil blocks in Iraqi Kurdistan, increasing Moscow's exposure to the semi-autonomous region.
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  • Total CEO: US Shale Oil Industry To See Wave Of Investment

    The US shale industry will see another production surge in 2018 as producers have sharply ramped up bets against a fall in oil prices, major oil executives and bankers say.
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  • Financial, Security Woes Put Libyan Oil Recovery On Shaky Ground

    Libya's oil production revival is being undermined by the same financial, economic and security problems that threaten the promise of stability.
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  • Oil Near $52 After Industry Data Shows Crude Stockpile Draw

    Oil was little changed after an industry report was said to show US crude stockpiles fell, while supplies of products gained.
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  • Emerson Expands Technology Footprint, Acquires Paradigm

    Emerson has agreed to acquire Paradigm, a leading provider of software solutions for the oil and gas industry.
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  • Capline Owners Gauge Interest in Pipeline Reversal

    Marathon Pipe Line, Plains All American, BP may convert crude pipeline's flow from northbound to southbound.
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  • Avenue Capital Urges Ocean Rig To Hire Advisers

    Ocean Rig UDW's fifth-biggest investor Avenue Capital Group urged the offshore driller to hire advisers to review 'opportunities.'
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  • CEO: MET International Plans To Boost LNG Trades In 2018

    MET International AG plans to boost its LNG trades in Europe next year.
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