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.
Read moreBrazil Extends Customs Perks For Oil Industry Through 2040
Brazil extended through 2040 a preferential customs regime for the oil and gas industry called Repetro.
Read moreWhat Kind of Salary Can You Get as an Electrical Engineer in the US?
Rigzone explores potential salaries of electrical engineers in the United States.
Read moreFracking 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.
Read moreOil 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.
Read moreWhy 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'.
Read moreOil 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.
Read moreRussian 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.
Read moreWhat 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.
Read moreKemp: 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.
Read morePullback 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.
Read moreOil Prices Settle Flat After Testing 3-Week Lows
Oil prices settle little changed after slumping to three-week lows.
Read moreUS 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.
Read morePhilippines 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.
Read moreAutomation 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.
Read moreAmerica's Shale Natural Gas Production Is Taking Off - Sort Of
America's shale gas production is about to surge 12%. Sort of.
Read moreOPEC'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.
Read moreOil 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.
Read moreMore than 100 Oil, Gas Job Cuts Coming in Texas
More layoffs are on the horizon for three companies with operations in Texas.
Read moreEIA: 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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