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.

7/19/2018: Texas Continues Trend of Upstream Job Growth

Data from the Texas Workforce Commission (TWC) reveals 19 consecutive months of upstream job growth.

7/19/2018: Oil Strengthens As Dollar Slips To Four-Day Low

Oil prices rose as a weakening dollar and lower expected August crude exports from Saudi Arabia supported the market.

7/19/2018: Report: Fewer M&A Deals in 1H 2018, but Higher Value

Though the number of deals in the Energy, Mining and Utilities sector were fewer in the first half of the year, overall deal value trickled up.

7/19/2018: Largest Unconventional Shale Producer in Permian Basin Created

Concho Resources Inc completes its acquisition of RSP Permian Inc, creating the largest unconventional shale producer in the Permian Basin.

7/19/2018: After Pumping More Oil for Trump, Saudis Doubt if it's Needed

Under pressure from U.S. President Donald Trump, Saudi Arabia has rushed to boost oil production, only to discover that global markets might not yet need it.

7/18/2018: Brent Slips As Focus Returns To Oversupply

Global benchmark Brent crude dipped as concerns about mounting supply returned after a brief rally earlier in the session.

7/18/2018: BLOG: Industry Debates I'm Tired of Already

Differing opinions have been the cause for many industry debates.

7/18/2018: UPDATE: Norway Oil Workers And Employers Agree Deal, Strike Ends

Owners of Norwegian oil rigs are considering imposing a lockout on workers as a high-stakes gamble to try to end a strike by almost 1,600 staff that began last week.

7/18/2018: Average Salary for UK Oil, Gas Jobs Up Nearly 10%

The average advertised salary in the UK for oil and gas jobs has increased by almost 10% over the last year, according to new research by Adzuna.

7/18/2018: Diversified Independents Trading at Premium to Pure Play Tight Oil Players

For the first time, a group of diversified independents tracked by Wood Mackenzie is trading at a premium to a group of pure-play US tight oil players monitored by the company.