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.

10/16/2018: MEG Starts Bidding War After Rejecting $2.34B Husky Offer

MEG Energy Corp. rejected a $2.34B hostile takeover offer from Husky Energy Inc. and announced a plan to seek other buyers.

10/16/2018: WTI Falls Below $70

The midweek dip in the WTI following a US government report showing a higher-than-expected rise in crude stocks.

10/16/2018: Shell Agrees to $1.9B Sell of Upstream Danish Assets to Noreco

Shell has agreed to sell its Danish upstream business to Noreco for $1.9 billion as part of its divestment strategy.

10/16/2018: Oil Drillers' Rocky Mountain High Threatened by Colorado Vote

Politically, BP is trying to straddle both sides.

10/16/2018: Dramatic Decom Cost Cuts Needed

Oil and gas operators worldwide need to dramatically slash the costs of decommissioning wells and installations, according to a new report from the Boston Consulting Group.

10/16/2018: Oil Steady as Data Shows Drop in Inventories

Oil held gains after an industry report showed an unexpected drop in American crude stockpiles.

10/15/2018: Oil Rises After Industry Reports Surprise US Crude Stock Draw

Oil popped higher after an industry report showed an unexpected decline in US crude inventories.

10/16/2018: Near Term Future of Saudi Oil Sector Examined

Analysts from Verisk Maplecroft and EY comment on the near-term future of Saudi Arabia's oil and gas sector.

10/15/2018: Tight Oil, Shale to Drive Majors' Output to New Highs

By the middle of the next decade, US unconventionals will generate up to $20 billion of annual cash flow for the Lower 48.

10/15/2018: Can Mexico's Oil Production Rebound?

The need for an oil production rebound is Mexico's most obvious economic reality.