Latest News Headlines
Rigzone.com: Latest News Headlines
The latest upstream oil and gas news from around the world.
Oil in Bear Market Declines for Fifth Week as Supply Climbs
"It's becoming bearish mania," said one analyst.
Read moreGreece Approves Offshore Applications by Total-ExxonMobil, Energean
Greece approved applications submitted by a consortium of Total, ExxonMobil and Hellenic Petroleum, its energy ministry said.
Read moreArgentina's YPF Says Technology Lowering Its Shale Costs
Loma Campana is the first productive field in Argentina's Belgium-sized Vaca Muerta shale formation.
Read moreUS Drillers Add Oil Rigs for Record 23rd Week in a Row -Baker Hughes
U.S. energy firms added 11 oil rigs in the week of June 23, Baker Hughes said Friday.
Read moreKemp: Oil Market Flashes Warning About Stock Levels in 2018
The emergence of a large contango implies many hedgers and speculators now expect stocks to remain higher than before.
Read morePetrobras Revives Plan for IPO of Fuel Distribution Unit
Petrobras' CEO said the company is reviving an initial public offering of its fuel distribution unit to cut its debt.
Read moreRussia's Novatek Aims Topple Qatar from LNG Top Spot
Qatar and Russia have long been rivals in global gas markets.
Read moreGazprom Smells Opportunity as UK's Biggest Gas Store Shuts
While Britain's import needs are mostly met by Norway, it also receives Russian fuel indirectly through pipelines.
Read moreFour of Canada's Biggest Banks Are Key Trans Mountain Lenders -Filings
Energy infrastructure projects in Canada have faced opposition from environmental groups and aboriginal communities.
Read moreChina, India, Japan Hamper Asia Oil Demand Growth
Faltering demand growth in key Asian crude importers is further hampering efforts to restore market balance.
Read moreMexico's Pemex Sees Restart of Salina Cruz Refinery on July 30
The Pacific coast refinery is Mexico's biggest, with a daily processing capacity of 330,000 barrels of crude oil.
Read moreKemp: Cheaper Gasoline Should Give Limited Boost to US Fuel Consumption
Gasoline consumption depends on the volume of traffic and the average fuel-economy of the cars on the road.
Read moreShale 'Jedi' Who Turned Enron Reject Into Gold Builds Again
"It's 'Return of the Jedi,'" said one analyst.
Read moreWhat Are the Qualifications to Become a Welder?
Learn about basic qualifications to become a welder.
Read moreS.Korea's KOGAS To Receive First LNG Cargo Under Contract With US Exporter
Korea Gas Corp (KOGAS) will early next month receive its first liquefied natural gas (LNG) cargo under a long-term supply deal with U.S. exporter Cheniere Energy.
Read moreHellenic Petroleum Five-Month Pretax Profit At 246MM Euros
Greece's biggest oil refiner Hellenic Petroleum had a pretax profit of 246 million euros ($274.8 million).
Read moreBig Oil Turns To Big Data To Save Big Money On Drilling
In today's U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth.
Read moreEssar Oil's Creditors Approve $12.9B Rosneft Takeover
Creditor banks to India's Essar Oil approve the acquisition of the company by a group including Russia's Rosneft.
Read moreFrench Energy Minister Confirms No New Permits for Exploration
The French energy minister Nicolas Hulot confirms that there will be no new permits for oil and gas exploration in the country.
Read moreTRACE Secures INPEX Deal, Creates Jobs
TRACE has been awarded a 6-year contract by INPEX for maintenance services to support the operation of the Ichthys LNG onshore facilities in Darwin.
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