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.

10/10/2019: Oil Prices Rally on Iran Tanker Attack Report

WTI and Brent crude oil prices posted solid gains Friday following reports of more unrest in the Arabian Peninsula region.

10/10/2019: Los Angeles Blaze Threatens Gas Field

A Los Angeles wildfire forced the evacuation of 25,000 homes and is threatening a natural gas storage facility that four years ago sprung the biggest gas leak in U.S. history.

10/10/2019: US Rig Count Increases for First Time in Two Months

The U.S. saw a net gain of one rig, ending a seven-week long string of declines.

10/10/2019: Energy Firms in US 10th Dist. See Decreased Activity in 3Q

Oil and gas firms in the U.S.' 10th District saw a moderate decrease in activity for the third quarter of 2019, according to results of the Kansas City Fed's 3Q energy survey.

10/9/2019: Oil Prices Rebound Amid Improved Trade Outlook

For the first time since Oct. 4, both the West Texas Intermediate (WTI) and Brent crude oil benchmarks posted day-on-day increases.

10/9/2019: Fugro Performs Surveys in Mars and Perdido Areas

Pictured is the Fugro Brasilis survey vessel. PHOTO SOURCE: Fugro

10/9/2019: Aramco to Give Green Light for World's Biggest IPO Soon

Saudi Aramco's board is expected to give final approvals to proceed with its mammoth share sale next week.

10/9/2019: Shale Wells 'Riding the Edge' of Profitability at Present Prices

U.S. shale oil plays are "riding the edge of profitability" at current prices and the industry faces a significant slowdown in fracking activity if crude falls below $50 a barrel for a sustained period.

10/10/2019: Oilfield Services Eyeing Survival Tactics in Weak US Market

Contraction of oil and gas E&P means the return of lean times for oilfield services companies.

10/9/2019: Chevron CEO Praises Texas for its Business Environment

Chevron Corp. may be based in California, but CEO Mike Wirth had little praise for the state as he lauded the Texas business environment during an event in Houston.