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.
Read moreWill 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.
Read moreFoes 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.
Read moreChevron 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.
Read moreTexas 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.
Read moreXOM 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.
Read more85 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.
Read moreEquinor and BP Strike Oil Offshore Canada
Equinor and BP Canada have made two oil discoveries offshore Newfoundland, Canada.
Read moreOil Prices Under Pressure
Oil prices are under pressure all along the forward curve, according to Standard Chartered.
Read moreExxonMobil Announces US Job Cuts
ExxonMobil (NYSE: XOM) has announced that it plans to reduce staffing levels in the United States.
Read moreOil 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.
Read moreOil 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.
Read moreExxon Keeps Dividend High
Exxon Mobil Corp. is maintaining the third-highest dividend in the S&P 500 Index.
Read moreRepsol 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.
Read morePBF to Lay Off 250 at East Coast Refinery
The company will idle operations at the refinery for the foreseeable future.
Read moreBiden 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.
Read moreShell 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.
Read moreBorr 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.
Read moreExxonMobil Eyes Vietnam LNG Project
Hai Phong, Vietnam may become home to an integrated LNG-to-power project.
Read morePetronas 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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