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.

3/19/2018: Oil Rises To 3-Week High On Mideast Tensions, Venezuela Concerns

Oil prices climbed to their highest level in 3 weeks as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the impact of growing US crude production.

3/19/2018: Ex-Occidental Chief in $2.66B Deal for EnerVest Shale

Steve Chazen, who transformed Occidental Petroleum Corp. into a heavyweight of the US shale boom, is looking to replicate that success in south Texas with a $2.66 billion deal.

3/19/2018: Up To 250 Jobs Expected to be Lost at Total in Aberdeen - Report

Up to 250 jobs are expected to be lost at Total in Aberdeen following the company's takeover of Maersk Oil, the BBC has reported.

3/19/2018: Analysts: Putin Re-Election Will See Gazprom, Rosneft Strengthen Control

Oil and gas analysts at BMI Research expect Gazprom and Rosneft to strengthen their control of Russia's hydrocarbon resources as the state fortifies its grasp over the sector.

3/18/2018: Oil Dips As Wall Street Dives; Tensions Over Iran Support Crude

Oil prices slipped as Wall Street slid more than 1%.

3/18/2018: 'Netflix for Oil' Setting Stage for $1 Trillion Data Battle

The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never before realized could be valuable.

3/18/2018: A Small Oil Field In Oklahoma Is Seeing Big Bets From Producers

Investments are now paying off as production levels rise and soaring land costs in the Permian have producers looking to other fields for expansion.

3/18/2018: 'Real Signs' Industry Upturn is Materializing

There are 'real signs' that the upturn the industry has been anticipating is materializing.

3/18/2018: Total Signs 40-Year Offshore Concession Agreements for $1.4B

Total S.A signs 2 new 40-year concession agreements with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company.

3/18/2018: Mexico Leftist Says He Would Try To Halt Energy Auctions If President-Elect

Leftist presidential front-runner says if he wins July election, he will ask President Nieto to stop at least 2 energy auctions scheduled to take place before the new president takes office.