Industry News

Rigzone delivers the latest headlines for Oil and Gas industry news; analysis of issues and events; practical technology for design, operation and maintenance; and important statistics on international markets and activity.

11/19/2019: Petrofac Breaks Into Permian Shale Market with Latest Acquisition

International oilfield services provider Petrofac Limited announced Wednesday that it has entered into the world's largest producing basin with the acquisition of W&W Energy Services.

11/19/2019: Asia's Richest Man Breaks into Oil Elite Club

Reliance Industries Ltd, run by Asia's richest man Mukesh Ambani, has eclipsed BP to break into an elite club of energy supermajors.

11/19/2019: Oil Holds Near 2-Week Low as Supplies Swell

Oil held losses near a 2-week low on signs of swelling American crude inventories.

11/18/2019: Oil Falls Most in Seven Weeks

Oil drops the most in seven weeks as American crude stockpiles are forecast to rise and U.S.-China trade talks stall.

11/18/2019: Baker Hughes, C3.ai, Microsoft Team up to Boost Energy AI

The JV will help customers adopt scalable AI solutions for the energy industry that promote safety, reliability, and sustainability.

11/18/2019: Salaries Growing Faster in Texas Than NY

The New York city area may boast the largest share of personal income in the U.S. but pay is growing the fastest in the much smaller oil-boom towns of Odessa and Midland.

11/18/2019: EIB to End Fossil Fuel Financing From 2021

The European Investment Bank will end financing for fossil fuel energy projects from the end of 2021.

11/18/2019: Oil Down as US Crude Supply Seen Rising

Oil dropped for a second day on indications American crude stockpiles and shale output will keep expanding.

11/17/2019: Oil Falls as Pessimism Clouds Chance of Trade War Settlement

Oil falls the most in about two weeks from an eight-week high amid dimming prospects for resolution to the long-running U.S.-China trade war.

11/17/2019: Exxon Says NY Used Fraud Claims to Land Political Points

You'd expect most companies accused of a longstanding fraudulent scheme to be thrilled if the government dropped those claims against them. Not so for Exxon.