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.

2/23/2020: Oil Slumps as Global Virus Spread Quickens

Oil slumped the most since Feb. 3 as a risk-off mood blanketed Asian markets after the global spread of the coronavirus quickened over the weekend.

2/20/2020: Oil Stumbles on Fears of Virus Intensifying Beyond China

China revised how it calculates infection totals again, raising questions about data reliability and confirming the virus's growing reach.

2/23/2020: Coronavirus Ripple Effect Hits Oil Exporters Large and Small

EIU forecasts that China's slower GDP growth will have an outsized impact on oil prices in 2020.

2/23/2020: Why is an E&P Recovery Slow to Materialize?

With difficult shale economics and depressed pricing seeming to be the new normal, E&P asset valuations have cratered.

2/20/2020: US Rig Count Barely Budges

The US rig count is up just one rig from last week to 791.

2/20/2020: Oil Demand Growth Set for Strong 2021

Here are Rigzone's top stories during the last week, just in case you missed them...

2/20/2020: Crew Kidnapped from Oil Tanker

Reporting indicates that the Alpine Penelope crude oil tanker has been attacked while in transit towards Lagos.

2/20/2020: Vitol Sees Oil Recovery This Year

The oil market is poised for a recovery but will have to first tackle a severe virus-induced demand slump.

2/20/2020: Oil Rally Sputters on Renewed Virus Concern

Oil pared a second weekly gain on renewed concern about the impact of the coronavirus.

2/20/2020: Baker Hughes and TWC Fund Field Tech Career Program

From left, Baker Hughes' Muzzamil Khider, LSC's Stephen C. Head, TWC's Robert D. Andrade and TWC's Michael Gutierrez. PHOTO SOURCE: LSC