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.

2/21/2018: Oil Prices Climb After Unexpected Drawdown In US Crude Stocks

Oil prices rose to two-week highs on Thursday.

2/21/2018: BLOG: How Heart Monitors Can Help India Level Its E&P Playing Field

Recent report charts path for upstream investment, technology in India.

2/21/2018: International Markets to Return to Growth in 2018

International markets will return to growth in 2018, although at a more moderate pace than North America.

2/21/2018: OPEC President: We're Not A Secretive Cartel

OPEC's president says the group is not a secretive cartel.

2/20/2018: Oil Largely Steady As Dollar Strengthens

Oil prices were little changed ahead of data expected to show rising crude inventories in the United States.

2/20/2018: Offshore Oil Recovery Beginning in World's Harshest Environments

The improved financial condition for explorers is now emboldening rig contractors to push for better pricing.

2/20/2018: Oil, Gas Will Account for Over Half of World's Energy by 2040

Oil and gas will account for over half of the world's energy by 2040, according to BP's latest Energy Outlook.

2/19/2018: Crude Rises to Two-Week High as World Tugs on US Oil Supplies

Crude in New York rose to a two-week high.

2/19/2018: Maersk Energy Sees Uptick In Offshore Oil Drilling, Profit Still Squeezed

Prospects for the offshore oil drilling market are improving but profits for drillers are still under pressure and rates will not rise.

2/19/2018: OPEC, Russia Said to See Oil Glut Dissipating at a Faster Rate

The latest discussions between OPEC and its oil-producer allies concluded that the supply glut is dissipating at a faster pace than previously anticipated.