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.
Read moreOil Prices Fall Sharply
WTI and Brent crude oil prices dropped sharply during midweek trading amid ongoing concerns about key market indicators.
Read moreOil, Gas Bankruptcy Filings Climb in 2019
The price of oil has been stubbornly immune to sustained increases despite key geopolitical catalysts.
Read moreManufacturers 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.
Read moreLNG Sector Enters Unprecedented Territory
The LNG industry achieved six all-time highs last year, according to IHS Markit.
Read moreAre 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".
Read moreKuwait to Resume Oil Output in Area Shared With Saudis
Khafji was shut down in 2014 after a spat between the neighbors.
Read moreAramco International Listing Still on the Cards
Saudi Aramco is still considering listing shares abroad, the kingdom's Finance Minister Mohammed Al-Jadaan said.
Read moreOil 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.
Read morePhillips 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.
Read moreMcDermott 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.
Read moreOil 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.
Read moreOil Prices Settle Lower Amid Libya and Iraq Tensions
WTI and Brent crude oil prices posted modest declines during Tuesday's session.
Read moreEgypt 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.
Read moreValaris and Aramco Order Newbuild Jackups
A Valaris-Saudi Aramco joint venture has ordered two newbuild jackup rigs from International Maritime Industries.
Read more2020 Off to Rocky Start for Refiners
Though less than a month in, the new year has been difficult for oil refiners.
Read moreNord 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.
Read moreMcDermott 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.
Read moreUS 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.
Read moreEnergy 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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