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.

5/17/2018: Oil Prices Fall, Brent Notches Sixth Week Of Gains

Oil prices fell, but Brent crude marked its sixth straight week of gains.

5/17/2018: Saudi Arabia Assures On Supply As Oil Hits $80 A Barrel

Saudi Arabia says it is consulting other oil producers in and outside OPEC to ensure the world has adequate supplies to support economic growth.

5/17/2018: Baker Hughes: US Oil Rig Count Holds Steady After Six Weeks Of Gains

The US oil rig count held steady this week after rising for 6 weeks in a row even as crude prices soar to multi-year highs.

5/16/2018: Mexico's Landmark Energy Reforms Are Mired In Regulatory Delays

Oil firms that have won drilling rights during Mexico's landmark energy reforms have made little progress on developing the projects.

5/16/2018: Oil Steady After Retreating From 2014 Highs On Dollar Strength

Oil prices climbed above $80 a barrel for the first time since November 2014.

5/16/2018: Kemp: Rising Oil Prices Herald Next Phase In Cycle

Oil prices are now in the top half of the cycle, with benchmark Brent trading above $80 per barrel for the first time since November 2014.

5/16/2018: North Sea Worker Body Size Study Nets Award

A study into the body sizes of UK offshore workers on board various helicopter crafts has been given the William Floyd Award for outstanding and innovative contributions to ergonomics and human factors.

5/15/2018: Trump Pick For US State Department Energy Job Approved By Senate Panel

President Trump's nominee for the top US State Department job dealing with matters related to energy and the global oil industry was approved by a Senate committee.

5/15/2018: Oil Reaches Highest Since Late 2014 After US Surplus Shrinks

Crude settled at the highest since 2014 as shrinking US oil, gasoline and diesel stockpiles signaled tightening global supplies.

5/15/2018: Total Stops Iran Gas Project as Risk From Sanctions Too High

Total says it will not risk investing in Iran following the return of US sanctions, unless it can secure a waiver.