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.

10/17/2017: Republican Tactic Aims to Open Eastern Gulf, Arctic to Oil Rigs

Congressional Republicans have found a way to use the federal budget to open the Arctic National Wildlife Refuge to oil drilling.

10/17/2017: Total CEO: US Shale Oil Industry To See Wave Of Investment

The US shale industry will see another production surge in 2018 as producers have sharply ramped up bets against a fall in oil prices, major oil executives and bankers say.

10/17/2017: Financial, Security Woes Put Libyan Oil Recovery On Shaky Ground

Libya's oil production revival is being undermined by the same financial, economic and security problems that threaten the promise of stability.

10/16/2017: Oil Near $52 After Industry Data Shows Crude Stockpile Draw

Oil was little changed after an industry report was said to show US crude stockpiles fell, while supplies of products gained.

10/16/2017: Shell Shale Leader Discusses the 'Non-Moonshot'

Collaboration, repurposing tech will help company to achieve 'shale field of the future,' says exec.

10/16/2017: Total's CEO Says Will Try To Move Ahead With Iran Gas Project

Total will try to push ahead with its Iran gas project if the United States decides to impose unilateral sanctions on Teheran.

10/16/2017: Goldman Sees Geopolitics Haunting Oil Again With Unclear Effects

The oil market is grappling with intensifying geopolitical risks.

10/15/2017: Oil Rises 1% As Iraq Fighting Shuts Output In Kirkuk

Crude prices rises 1% as Iraqi forces entered the oil-rich city of Kirkuk.

10/15/2017: Algeria Sees Energy Law Amendment By End Of 2018

Algeria aims to amend its energy law in 2018 as it plans to improve contract terms to attract needed foreign investment, authorities say.

10/15/2017: UK North Sea Oil Faces Quickening Decline If No Brexit Deal

The UK oil and gas industry faces a faster decline if Prime Minister Theresa May fails to agree to a trade deal with the European Union.