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.

4/19/2018: Oil Shrugs Off Trump Tweet to Rise for a Second Straight Week

Oil rose for a second straight week.

4/19/2018: Trump Slams OPEC as Cartel Pushes Harder for High Oil Prices

Russia's energy minister said that OPEC production cuts have helped U.S. oil producers.

4/19/2018: More Countries Needed In OPEC, Non-OPEC Pact - UAE's Al Mazrouei

Further oil producers need to join OPEC and non-OPEC producers in curbing supply, UAE oil minister Suhail Mohamed Al Mazrouei tells a German newspaper.

4/18/2018: Ex-Venezuelan Official Pleads Guilty in US Corruption Case

A former Venezuelan official on Thursday pleaded guilty to taking part in a scheme involving bribes paid by U.S. companies to Venezuelan officials to secure energy contracts and speed up payments.

4/18/2018: Oil Rally Stalls as OPEC is Said to See Goal Nearly Accomplished

Oil's rally stalled as OPEC and allied crude producers gathered in Saudi Arabia amid signs a worldwide glut has been mostly eradicated.

4/18/2018: BLOG: Upstream Companies, Is Your Portfolio in Shambles?

A report by Deloitte identifies how E&Ps can build a portfolio to fit the future of their business.

4/18/2018: Analysts: New Find Won't Yield 'Significant Economic Windfall' for Bahrain

Oil and gas analysts at BMI Research do not expect Bahrain's recent discovery of a large oil and gas field to yield a 'significant economic windfall' for the country.

4/17/2018: Oil Rises Amid Shrinking US Surplus as OPEC Prepares to Gather

Crude climbed to the highest since 2014.

4/18/2018: Does a Digitization Domino Effect Await Oil and Gas?

AspenTech survey reveals major obstacles in oil and gas firms' quest to digitize.

4/17/2018: Barclays: US Onshore Spending Expected to Rise This Year

Barclays anticipates an increase in onshore upstream spending.