Oil Industry Headlines

    Rigzone.com: Industry Headlines

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

  • Oil Jumps 3% As Dollar Falls, US Rig Count Drops

    Oil prices rose sharply, as the dollar fell and US drillers cut rigs.
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  • Brazil Extends Customs Perks For Oil Industry Through 2040

    Brazil extended through 2040 a preferential customs regime for the oil and gas industry called Repetro.
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  • What Kind of Salary Can You Get as an Electrical Engineer in the US?

    Rigzone explores potential salaries of electrical engineers in the United States.
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  • Fracking Jobs Prove Elusive for Coal Miners Looking to Switch

    Dennis is learning a hard lesson of fracking: While it has created a bonanza of jobs, displaced coal miners and their communities are sometimes left out of the boom.
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  • Oil Closes Near $47 as Traders Assess US Stockpiles, Output

    Oil in New York closed near $47 a barrel, a new 'battle line' for bullish and bearish traders.
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  • Why Would Oil Demand Peak, Contrary to Peak Oil Supply?

    People find it hard to believe that there is another side of the 'Peak Oil Supply' theory, which is 'Peak Oil Demand'.
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  • Oil Slides Despite Steep Draw In US Crude Stocks

    Oil prices fell more than 1% even though US crude stockpiles declined by the most in a year.
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  • Russian Watchdog Says Schlumberger-Eurasia Drilling Deal 'Has Big Problems'

    The acquisition of a 51% stake in Russia's EDC by Schlumberger 'has big problems' in the current political situation.
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  • What Will Happen to Experienced Oil, Gas Workers?

    Rigzone's worker exodus survey finds that highly experienced oil and gas professionals are struggling with whether or not to return to the industry in the wake of a new normal.
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  • Kemp: Goodbye Contango? Oil's Long March Towards Backwardation

    The IEA's evident frustration about the slow and uneven pace of rebalancing, and the conflicting signals about whether it is happening at all, is shared by many traders, analysts and investors.
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  • Pullback In US Fracking Sand Use Pressures Producers

    US shale oil companies are pulling back on the amount of sand they use to hydraulically fracture new wells.
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  • Oil Prices Settle Flat After Testing 3-Week Lows

    Oil prices settle little changed after slumping to three-week lows.
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  • US To Sell 14 Million Barrels Of Crude Oil From Emergency Reserve

    The US Department of Energy says it will sell 14 million barrels of crude oil from the nation's emergency reserve.
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  • Philippines Weighs China Energy Deal in Disputed South China Sea

    The Philippines is considering potential ways to jointly develop oil and gas resources with China in a disputed part of the South China Sea, according to Foreign Affairs Secretary Alan Peter Cayetano.
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  • Automation is the Key to the Future of Oil and Gas

    With an increasingly diverse energy market and a shortage in skilled labor, automation of daily operations will be a key factor for sustainable growth in the oil and gas industry.
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  • America's Shale Natural Gas Production Is Taking Off - Sort Of

    America's shale gas production is about to surge 12%. Sort of.
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  • OPEC's Long-Sought Success Spoiled by 2018 Oil Supply Worry

    Oil investors are already worrying over the potential fallout when OPEC's deal to cut output expires, marring emerging signs that the accord to shrink a glut is finally succeeding.
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  • Oil Falls by Most in Five Weeks Amid Fear of Chinese Demand Drop

    Oil tumbled by the most in more than five weeks as fears of falling oil demand in China overshadowed news that Libya's crude supply was disrupted.
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  • More than 100 Oil, Gas Job Cuts Coming in Texas

    More layoffs are on the horizon for three companies with operations in Texas.
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  • EIA: US Shale Output Seen Posting 9th Straight Monthly Rise

    US shale oil production for September which includes a new regional data input, is forecast to rise by 117,000 barrels per day, its ninth consecutive monthly rise, the US EIA says.
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