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.
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  • US 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.
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  • Russia Makes More Money from OPEC+ Deal than Saudis

    Russia has earned more money this year from the OPEC+ deal than Saudi Arabia.
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  • 3D 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.
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  • Oil 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.
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  • Oil 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.
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  • Billionaires 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.
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  • Total 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.
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  • Shell 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.
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  • EIA Raises Oil Price Forecast

    The U.S. Energy Information Administration has raised its Brent oil price forecast.
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  • Hacker 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.
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  • Oil 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.
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  • Oil Prices Finish Higher at Midweek

    The WTI and Brent crude oil benchmarks traded higher Wednesday.
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  • Oilfield 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.
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  • Oil Demand to Hit Plateau Around 2030

    Global oil demand will hit a plateau around 2030, the International Energy Agency predicts.
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  • Oil 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.
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  • Oil Prices Edge Downward Amid Ongoing 'Distraction'

    West Texas Intermediate (WTI) and Brent oil futures posted slight losses during Tuesday's trading.
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  • Offshore 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.
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  • 2019 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.
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  • OPEC+ 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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