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.

1/21/2020: Are US Anti-OPEC Efforts Fading?

The current view within the White House is that OPEC's clout "is already waning and there's no pressing need for action".

1/21/2020: Oil Chiefs at Davos Debate Tougher CO2 Cuts

The bosses of some of the world's biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos on Wednesday.

1/21/2020: McDermott Expects to Keep Paying Wages and Benefits

All of McDermott's businesses are expected to continue to operate as normal for the duration of its recently announced restructuring, the company has confirmed.

1/21/2020: Oil Down as Virus Concern Seen Countering Disruptions

Oil declined as Goldman Sachs Group said demand concerns over a potential coronavirus epidemic would counter fears of supply disruptions in OPEC producers Libya, Iran and Iraq.

1/20/2020: Oil Prices Settle Lower Amid Libya and Iraq Tensions

WTI and Brent crude oil prices posted modest declines during Tuesday's session.

1/20/2020: Energy Chiefs Tout CO2 Capture

Capturing carbon dioxide from the fossil-fuel industry is key to slowing dangerous global warming, energy chiefs said in Davos.

1/20/2020: Oil Slides on Plentiful Supply

Oil fell below $65 a barrel as ample global supplies offset the loss of exports from Libya.

1/19/2020: Oil Pares Gains

Oil pares gains after rising to the highest in more than a week as projections of plentiful world supplies countered concern about disruptions in Iraq and Libya.

1/19/2020: Evolution Well Services Inks 2-Year Electric Frac Deal

Evolution Well Services has landed a 24-month deal providing electric fracking services to an unnamed onshore oil and gas producer beginning this quarter.

1/19/2020: Higher Non-OPEC Output Will Keep Oil Prices Honest in 2020

OPEC and its allied producers might be cutting output, but incremental non-OPEC production and demand doubts are likely to prevent oil benchmarks from overshooting current trading ranges.