Latest News Headlines

    Rigzone.com: Latest News Headlines

    The latest oil and gas news from around the world.

  • Oil Posts Another Weekly Gain Despite Doubts About China Growth

    Futures in New York slid 2 percent Friday but notched a 13 percent increase for the week.
    Read more
  • Completions Death Spiral Slows Down

    Rigzone panelists highlight their perspectives on the top oil market hits and misses for the week ending May 22, 2020.
    Read more
  • Enbridge Pipeline Hits More Government Pushback

    The $6.5B project would add 370,000 barrels of daily shipping capacity from Hardisty to Superior, Wisconsin.
    Read more
  • US LNG Cancellations Surge With Storage Space Dwindling

    US projects could get requests to cancel a total of 35-45 cargoes for July loading, higher than the number of shipments scrapped for June.
    Read more
  • Oil Takes Breather on China Economy Doubts

    "Great uncertainty" over the coronavirus has discouraged Beijing from setting an economic growth target.
    Read more
  • Big Jump Predicted for Nat Gas Prices

    Here are some of Rigzone's top stories during the last week, just in case you missed them…
    Read more
  • Saudi Petchems Contract Goes to McDermott

    A subsidiary of Advanced Petrochemical Co. has awarded McDermott International, Inc. a contract for a propane dehydrogenation unit.
    Read more
  • Trump Cautioned on Imposing Oil Tariffs

    A coalition of 23 free-market, small business and consumer groups is urging President Trump not to impose tariffs on imported crude oil.
    Read more
  • Offshore Australia 3D Seismic Survey Concludes

    Polarcus acquired the Petrel 3D seismic data using its Asima vessel. The geophysical firm's Nadia vessel appears in the above photo.
    Read more
  • $2.7B Cut of West Africa Contracts Bound for Saipem

    Here is a recap of the most popular downstream-related articles this past week on Rigzone.
    Read more
  • Total Still on Track for North Sea Divestments

    The sale is moving ahead, although Petrogas is no longer part of the transaction.
    Read more
  • Lamprell Wins EPIC Contract With Sharjah National Oil

    Scheduled for completion in early 2021, Lamprell's work will be specific to the Mahani extended well test project.
    Read more
  • Oil Sees Longest Streak of Gains in More Than a Year

    US supply data showed crude inventories fell for a second week after climbing steadily since January.
    Read more
  • Shell Planning Voluntary Job Losses

    Shell will have a clearer picture of what the reorganization of the company will look like by the end of the year.
    Read more
  • Industry Bodies Partner on Inclusive Campaign

    UK industry bodies AXIS Network and Step Change in Safety are partnering to develop guidance for operators and the supply chain on inclusive offshore working practises.
    Read more
  • NOCs to Slash Exploration Budgets by Over a Quarter

    National oil companies around the world will slash their exploration budgets by over a quarter on average in 2020, Wood Mackenzie estimates.
    Read more
  • PGS to Acquire 3 New Surveys in Eastern Canada

    PGS has revealed that it will acquire three new seismic surveys in Eastern Canada this year.
    Read more
  • Shale Faces Multibillion-Dollar Hedging Crunch

    U.S. shale drillers spooked by the epic meltdown in oil markets are trying to figure out how to protect themselves in the future.
    Read more
  • Oil Heads for 6th Daily Rise on US Stockpile Draws

    Oil was headed for its longest run of daily gains in 15 months.
    Read more
  • Three-year Middle East Contract Goes to Oceaneering

    Oceaneering has won an asset integrity contract for onshore and offshore work from a Dubai-based operator.
    Read more