Oil Industry Headlines

    Rigzone.com: Industry Headlines

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

  • Offshore Oil Recovery Beginning in World's Harshest Environments

    The improved financial condition for explorers is now emboldening rig contractors to push for better pricing.
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  • Oil, Gas Will Account for Over Half of World's Energy by 2040

    Oil and gas will account for over half of the world's energy by 2040, according to BP plc's latest Energy Outlook.
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  • Crude Rises to Two-Week High as World Tugs on US Oil Supplies

    Crude in New York rose to a two-week high.
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  • Maersk Energy Sees Uptick In Offshore Oil Drilling, Profit Still Squeezed

    Prospects for the offshore oil drilling market are improving but profits for drillers are still under pressure and rates will not rise.
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  • OPEC, Russia Said to See Oil Glut Dissipating at a Faster Rate

    The latest discussions between OPEC and its oil-producer allies concluded that the supply glut is dissipating at a faster pace than previously anticipated.
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  • BHP Sees Faster Shale Sale in Race to Exit $10 Billion Unit

    BHP Billiton Ltd. is accelerating plans to exit its $10 billion US shale unit.
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  • Libya, Nigeria at 'High Risk' of Oil Sector Disruption

    Libya and Nigeria are at 'high risk' of oil sector disruption, especially towards the end of 2018, according to oil and gas analysts at BMI Research.
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  • Oil Posts a Weekly Rise as Stocks Recover, Dollar Flounders

    Oil posted its first weekly increase since last month.
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  • Baker Hughes: US Drillers Add Oil Rigs For Fourth Consecutive Week

    US energy companies add oil rigs for a fourth week in a row.
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  • OPEC Considers Moving the Goalposts - Here's Where They Might Go

    The 24-country alliance wants to reduce oil stockpiles to their five-year average.
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  • UK Shale Industry Prospects Remain 'Widely Bearish'

    Prospects for the UK shale industry remain 'widely bearish', according to oil and gas analysts at BMI Research.
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  • How to Move up the Ladder in Oil, Gas

    Rigzone readers outline the best way to move up the ladder in the oil and gas world.
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  • US Spending Bill Expands Carbon Tax Credit, Boosting Oil Producers

    A little-noticed addition to the US budget deal approved last week will help Oxy and other oil producers by more than tripling a tax credit.
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  • Brent Crude Settles Flat, US Oil Up On Short Covering

    Oil markets were mixed with Brent flat even though the dollar slid.
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  • EU Majors Not Committing to Increase Staff Numbers, Despite Profit Boost

    European oil and gas majors are not committing to raise staff numbers in 2018, despite reporting increasing profits.
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  • Oil Rallies On Saudi Comments, Weak Dollar

    Oil prices rallied, shaking off earlier weakness.
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  • Philippines, China To work Out How To Tap Oil, Gas That Both Sides Claim

    The Philippines and China have agreed to set up a special panel to work out how they can jointly explore oil and gas in part of the South China Sea.
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  • Woodside To Raise $2B, Look To Offshore Gas Project For Growth

    Woodside launches a surprise share sale to raise funds to take control of and develop a long-stranded gas field off the country's west coast.
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  • Kemp: OPEC Pact Likely To Evolve Rather Than Terminate

    Ministers from OPEC have been anxious to counter speculation about an early end to production curbs.
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  • Oil Prices Flat Amidst Oversupply Concerns, Weak Dollar

    Oil prices ended largely unchanged as a weaker dollar spurred a rebound.
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