Results32 articles shown
Petrobras Slashes Capex In Bid To Cut Debt, Restore Confidence
Monday, June 29, 2015 Petrobras slashes its long-term spending plan to the lowest level in 8 years as new management moves to reduce the industry's largest debt burden and pull the company out of a giant corruption scandal.
UK Says Argentine Plan to Seize Falklands Oil Driller Assets 'Unlawful'
Monday, June 29, 2015 The UK government says any attempt by Argentina to seize assets of oil drillers operating in the Falkland Islands would be unlawful after an Argentine judge's order is made against six firms.
Ex-CNOOC Executive Under Investigation in China for Graft
Thursday, June 25, 2015 The former deputy general manager of CNOOC is under criminal investigation for "accepting bribes", according to judicial authorities in China.
Petrobras Urges Dismissal Of US Lawsuit Over Corruption Probe
Thursday, June 25, 2015 Petrobras urges a US judge to throw out an investors' class action lawsuit claiming a multibillion-dollar bribery scandal overvalued it for years.
Norway Rig Workers Agree Wage Deal, Avoid Strike
Thursday, June 25, 2015 Norwegian offshore oil rig workers sign a new wage deal, avoiding a strike that could have cut energy production.
Powerful Brazilian CEO Arrested In Petrobras Graft Probe
Friday, June 19, 2015 Brazilian police have arrested Marcelo Odebrecht, head of Odebrecht, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at Petrobras.
Norway Oil Rig Workers Threaten Strike if Wage Talks Fail
Thursday, June 18, 2015 574 Norwegian rig workers could go on strike from next Thursday if a wage settlement is not reached.
Libya In Talks To Reopen El Feel, El Sharara Oilfields
Tuesday, June 16, 2015 Libyan authorities will try during the month of Ramadan to reopen pipelines for El Feel and El Sharara oilfields and Zueitina port that have been blocked for weeks by protests and disputes.
In Amenas Gas Plant Attack Mastermind Killed in US Air Strike
Monday, June 15, 2015 An Islamist militant who organized the deadly attack on the In Amenas gas plant in 2013, which killed 39 foreign energy workers, has been killed in a targeted air strike, according to reports.
Seventeen Killed in Battles near Iraq's Baiji Refinery
Monday, June 15, 2015 Seventeen people are killed in Iraq in clashes between Islamic State militants and pro-government forces close to the country's biggest refinery.
Vietnam, Chinese Boats Clash Near Disputed South China Sea Isles
Monday, June 15, 2015 Vietnamese fishing craft clashes with Chinese boats near the disputed Paracel Islands last week, underscoring simmering tensions between the two communist countries even as their leaders talk of improving relations.
Russia's Energy Minister Calls Exxon-led Sakhalin Project 'One of Our Best'
Wednesday, June 10, 2015 There is no economic reason for US energy major ExxonMobil to leave the Sakhalin-1 oil and gas project, Russian Energy Minister Alexander Novak tells reporters.
Analysis: UK North Sea Strike Threat
Wednesday, June 10, 2015 In the wake of the recent call for strike action in the UK North Sea, Rigzone takes a closer look at the Offshore Contractors Association's proposed changes.
Soiled by Oil Scandal, Brazil's Model Is Primed for Makeover
Thursday, May 28, 2015 Crisis and disappointment in the oil sector are beckoning Brazil's leadership.
Niger Delta Groups Say Shut Down Two Of ENI's Oil Facilities
Wednesday, May 27, 2015 Two oilfields run by Nigerian Agip Oil, a unit of Italian oil major ENI, shut down in the Niger delta region by local communities over disputes with the company, protesters say.
Nigerian Oil Union Says Halliburton Strike is Over
Wednesday, May 27, 2015 Nigerian staff at Halliburton end a nationwide strike over jobs cuts.
Nigerian Oil Union Shuts Down Halliburton Operation Over Job Cuts
Tuesday, May 26, 2015 Nigeria's main oil union has shut down local operations of Halliburton in protest against job cuts, the trade body says.
South Sudan Oil Field Becomes Battleground as Economy Reels
Tuesday, May 26, 2015 After 17 months of civil war spanning a swathe of South Sudan bigger than Syria, President Salva Kiir's survival may hinge on the fate of a single oil field.
US Top Court Backs Contractor KBR In Iraq Whistleblower Case
Tuesday, May 26, 2015 The Supreme Court hands a victory to defense contractor KBR in its legal fight with a former employee who filed a whistleblower suit accusing it of defrauding the US government in Iraq.
Norwegian Oil Drillers Call in Mediator after Wage Talks Fail
Friday, May 22, 2015 Wage talks involving thousands of Norwegian offshore oil workers break down, raising the risk of a strike that could disrupt oil exploration and efforts to raise production.
Exxon Deploys More Sanction Watchers as Iran Nuke Deal Looms
Friday, May 22, 2015 ExxonMobil is ramping up efforts to track US government work on Iranian sanctions that have locked out American oil companies from the Middle Eastern nation for more than three decades.
Unite Joins GMB in Calling for North Sea Strike Action
Friday, May 22, 2015 In a statement to Rigzone, UK trade union Unite states that it will issue a legal notice to the OCA.
GMB Union Calls for Strike Action in UK North Sea
Thursday, May 21, 2015 GMB announces a strike ballot will go ahead after talks failed to resolve a dispute over changes to terms for UK offshore workers.
South Sudan Rebels Say Capture Oil Refinery, Tell Firms to Leave
Tuesday, May 19, 2015 South Sudanese rebels say they have captured a refinery near a major oilfield in Upper Nile State and tell firms there to evacuate staff.
Shell Reopens Bonny Light Crude Export Pipeline
Monday, May 18, 2015 Shell reopens the Trans Nigeria pipeline that feeds Bonny Light crude oil to the export terminal.
OMV Warns On Libya, Yemen As Profit Hit By Oil Slump
Monday, May 18, 2015 OMV says it is unlikely to resume production in war-torn Libya or Yemen before winter.
Oil Prices Rise After Islamic State Advances in Iraq
Monday, May 18, 2015 Islamic State militants seize control of the key city of Ramadi in western Iraq, raising fears of deeper turmoil in the oil-producing country.
Iraqi Refinery May be Destroyed in Battle to Save it
Wednesday, May 13, 2015 Islamic State militants dig trenches around natural gas and hydrogen tanks at Iraq's largest refinery, raising the stakes in a battle of the refinery.
CEO: Colombia's Ecopetrol Oil Output Rises Due to Fewer Bomb Attacks
Monday, May 11, 2015 Oil output at Colombia's state-run oil producer Ecopetrol SA has been higher than expected so far this year due to fewer bomb attacks on its pipelines, Chief Executive Officer Juan Carlos Echeverry said.
Bourbon Says Three Kidnapped Crew Members Released
Monday, May 11, 2015 French oil services company Bourbon says that the three Nigerian crew members kidnapped after one of its speedboats was boarded off the Nigerian coast on April 8 had been released.
Saudi, Kuwait to Shut Joint Oilfield for 2 Weeks - Kuwaiti Source
Monday, May 11, 2015 A jointly operated onshore oilfield between Saudi Arabia and Kuwait will shut for two weeks of maintenance, a Kuwaiti industry source said, a move apparently aimed at giving the Gulf OPEC allies more time to solve a long-standing dispute.
Cuba Insists It Has Oil; US Companies Still Uninterested
Wednesday, May 06, 2015 Cuba unveils new data confirming billions of barrels of oil beneath its Gulf of Mexico waters but admits there is little interest in new exploration.
|Brent Crude Oil :||$62.01/BBL||2.48%|
|Light Crude Oil :||$56.96/BBL||4.22%|
|Natural Gas :||$2.78/MMBtu||1.76%|
|Updated in last 24 hours|