Oil Industry Headlines
Rigzone.com: Industry Headlines
The latest oil and gas news from around the world.
Oil Prices Higher for the Week
WTI and Brent finished higher Friday, also showing week-on-week increases.
Read moreUS Drops Eleven Oil, Gas Rigs
The U.S. dropped 10 oil rigs and one gas rig for a net loss of 11 rigs this week, according to data from Baker Hughes Company.
Read moreRussia Makes More Money from OPEC+ Deal than Saudis
Russia has earned more money this year from the OPEC+ deal than Saudi Arabia.
Read more3D Printing On Track to Become Vital in Oil and Gas
3D printing is on track to become a vital component within oil and gas, according to data and analytics company GlobalData.
Read moreOil Up as Market Weighs Trade Deal Against Supply
Oil pared a weekly loss as investors weighed signs of progress in the U.S.-China trade war against swelling American crude inventories.
Read moreOil Prices Stay Range-Bound and Boring
WTI and Brent crude oil prices showed some positive momentum early Thursday but ultimately posted day-on-day-losses.
Read moreBillionaires Circle Distressed US Oil, Gas Patch
Billionaires are circling the distressed U.S. oil and gas patch, looking to pick up assets on the cheap at a time when the state of the industry is scaring off other investors.
Read moreTotal and ADNOC Plan Seismic Drone Project
The project will use a fleet of drones to drop off thousands of seismic sensors throughout Abu Dhabi and unmanned ground vehicles to retrieve them.
Read moreShell Affirms Commitment to Canada as Other Oil Majors Flee
Royal Dutch Shell Plc is reassuring investors, workers and anyone else who will listen that it's the international oil major that's staying in Canada as others pull up stakes.
Read moreEIA Raises Oil Price Forecast
The U.S. Energy Information Administration has raised its Brent oil price forecast.
Read moreHacker Wants Near $5MM Ransom from Pemex
The hacker behind a cyberattack that has crippled Petroleos Mexicanos's computer systems since the weekend is hoping to squeeze almost $5 million out of the company.
Read moreOil Up After Report Points to US Inventory Drop
Oil rose for a second day after an industry report pointed to a drop in U.S. inventories.
Read moreOil Prices Finish Higher at Midweek
The WTI and Brent crude oil benchmarks traded higher Wednesday.
Read moreOilfield Hired Hands Seek CFO Heft to Sustain Downturn
The hired hands of the oil patch are demanding a tighter rein from the CFO suite in order to survive lower oil prices.
Read moreOil Demand to Hit Plateau Around 2030
Global oil demand will hit a plateau around 2030, the International Energy Agency predicts.
Read moreOil Down After Trump Damps Trade-Deal Optimism
Oil fell for a third day as President Donald Trump failed to provide any fresh details on trade negotiations with China.
Read moreOil Prices Edge Downward Amid Ongoing 'Distraction'
West Texas Intermediate (WTI) and Brent oil futures posted slight losses during Tuesday's trading.
Read moreOffshore Oil to Peak in 2020, Then Slow Down
Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slowdown that could dramatically rewrite market supply predictions.
Read more2019 Marks Nadir of Oil Demand Growth
This year will mark the nadir of oil demand growth over the next five years, according to a new report from Fitch Solutions Macro Research.
Read moreOPEC+ Risks Oil Slump Below $50
With their next meeting just weeks away, OPEC and its partners are showing no impetus for stronger action to support oil prices.
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