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.

11/18/2018: Oil Advances as Capacity Warnings Counter Russia Queries

Oil prices gained ground as traders weighed countervailing signals about how much OPEC and its allies can afford to trim production.

11/18/2018: Cimarex Acquires Resolute Energy in $1.6B Deal

Denver-based Cimarex will purchase Resolute in a cash and stock deal valued at $1.6 billion.

11/18/2018: Russian Stance on OPEC+ Cuts Shows Gap with Saudis

Russia's energy minister insists the country and its allies in OPEC need to watch the oil market in the coming weeks before making any decisions to cut output.

11/18/2018: Global FPSO Market Set to Rebound

The global floating production market has stirred back to life, according to Rystad Energy.

11/18/2018: Oil Shoots Back Up After 6 Weeks of Losses

Oil shot back up following 6 weeks of losses as speculation of OPEC weighing bigger output cuts overshadowed signs of expanding American crude production.

11/15/2018: Crude Oil Down for the Week but Gas Rebounds

The December WTI remained flat on Friday.

11/15/2018: US Adds Oil Rigs for Fifth Out of Sixth Weeks

This week's rig count marks the fifth out of six weeks that the nation has added oil rigs.

11/15/2018: How to Bounce Back from Professional Failure

Oil and gas experts offer tips on how to bounce back from a professional set-back.

11/15/2018: Finding Oil Floor Is Going to Take More Time

Finding a floor for oil is going to take more time, according to CIBC Private Wealth Management Senior Energy Trader Rebecca Babin.

11/15/2018: Oil Poised for Sixth Weekly Loss

Oil is poised for a sixth weekly loss, trading near $57 a barrel.