Oil Industry Headlines

    Rigzone.com: Industry Headlines

    The latest oil and gas news from around the world.

  • Seadrill Bags GOM Contracts and More

    Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
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  • OPEC+ Calls Last Minute Talks

    Saudi Arabia and Russia summoned OPEC+ ministers who oversee their oil production cuts for last-minute talks on Saturday.
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  • Oil Rally Stalls Amid OPEC+ Tensions

    Brent oil edged lower, but was on track for a fourth weekly gain, amid signs of division among OPEC+ members just days before a key policy meeting.
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  • Mexico Oil Executive Asked to Resign

    A director at the trading arm of Mexico's state oil company was asked to resign after authorizing payments under a profit-sharing plan, according to a person familiar with the matter.
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  • Saipem Supports Women Empowerment Principles

    Saipem (BIT: SPM) revealed Thursday that it has signed a declaration of support for the Women Empowerment Principles (WEP) and the Manifesto for female employment of the Valore D association.
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  • API and NABTU Urge Senate Action on NAC

    The American Petroleum Institute (API) and North America's Building Trades Unions (NABTU) have urged the U.S. Senate to act on the National Apprenticeship Act.
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  • Eni Pitches Supercomputer Against Virus

    Eni (NYSE: E) has announced that its HPC5 supercomputer has run the most complex molecular computation test ever conducted in the world in order to identify new treatments against the virus.
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  • Oil Prices Surge Amid Weaker Dollar and Surprise Draw

    Oil closed at an eight-month high.
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  • Oil Price Comeback Seems Unstoppable

    The oil price comeback seems unstoppable since news of positive vaccine trials arrived.
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  • IEF Condemns Jeddah Attack

    The International Energy Forum has condemned the attack on a fuel tank facility in Jeddah, Saudi Arabia.
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  • UK Oil Sector Business Confidence Slashed

    Business confidence across the UK's oil and gas sector has been slashed, according to Aberdeen & Grampian Chamber of Commerce's 32nd oil and gas survey.
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  • Oil Keeps Going Up on Demand Optimism

    Oil kept rising after closing at an eight-month high on increasing optimism that recent Covid-19 vaccine breakthroughs will lead to a swift recovery in global energy demand next year.
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  • Light Crude Crosses $45 Mark

    Oil reclaimed heights not seen since the pandemic pummeled prices in the spring.
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  • Oil Futures Curve Signals Tighter Market

    The oil futures curve, an important gauge of trader bullishness, has strengthened to levels last seen in the early days of the pandemic.
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  • Aramco Says No One Hurt in Blast

    Saudi Aramco needed about 40 minutes to put out the fire caused by a missile strike on a fuel depot in the Red Sea city of Jeddah.
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  • Oil Prices Start Week on a Positive Note

    Oil prices started the week on a positive note, capitalizing on recent Covid-19 vaccine news.
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  • Oil Highest Since March on Vaccine and Biden News

    Oil traded at its highest level since March as markets broadly rallied on the start of the U.S. presidential transition process and with the demand outlook strengthening after a string of positive vaccine breakthroughs.
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  • WTI Settles Above $43 a Barrel

    Global oil prices hit the highest level since March.
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  • Oil Up on US Vaccination Optimism

    Oil pushed higher after closing at the strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand outlook.
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  • Light Crude Ends Week Above $42

    Oil rose to the highest in nearly three months.
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