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Oil Shrugs Off Virus to Eye $60
Thursday, February 20, 2020 Oil extended gains to an eighth day on optimism that China will be able to soften the demand hit from the coronavirus.

Repsol Profit Misses Estimates
Thursday, February 20, 2020 Repsol SA reported fourth-quarter earnings that missed estimates as a weaker refining and chemicals business and a drop in crude prices had a larger impact than expected.

Oil Jumps on Booming US Exports
Thursday, February 20, 2020 Exports surged and the expansion of domestic inventories slowed dramatically.

CGG Exits Land Seismic Business
Wednesday, February 19, 2020 The company has embarked on a strategic transition.

Supply Risks Push Crude Back Toward $60
Wednesday, February 19, 2020 Oil jumped back above $58 a barrel and was set for the longest run of gains in more than a year.

Oil Demand Growth to Quintuple Next Year
Wednesday, February 19, 2020 Global oil demand growth will drop to 0.44 million barrels per day this year but rebound to 2.34 MMbpd in 2021.

OPEC Confirms Meeting Date, Ends Saudi-Russia Scuffle
Wednesday, February 19, 2020 Plans for an emergency gathering have faded away.

Oil Sees Three-Week High on Venezuela and Libya Supply Risks
Wednesday, February 19, 2020 Geopolitical tensions are rising against the backdrop of the coronavirus outbreak, which has hurt global energy demand.

Corona Virus Hits Oil Demand and Prices
Tuesday, February 18, 2020 Analysts around the world are slashing demand forecasts for 2020.

Oil Snaps Rally as Investors Assess Virus Measures
Tuesday, February 18, 2020 Oil snapped the longest run of daily gains this year as investors assessed the demand hit from the coronavirus and stimulus measures being rolled out to cushion its economic impact.

TGS Appoints New CFO
Tuesday, February 18, 2020 TGS has appointed Fredrik Amundsen as its new chief financial officer.

US Slaps Rosneft With Sanctions for Venezuelan Oil-Trade Ties
Tuesday, February 18, 2020 The move represents the latest escalation in the Trump administration's campaign to oust Nicolas Maduro.

Oil Flat After Rosneft Sanctions Offset Demand Fears
Tuesday, February 18, 2020 Sanctions on Russia's largest producer eased losses driven by lingering concerns that coronavirus will cut demand.

Murphy Oil Extends Valaris Drillship Contract
Monday, February 17, 2020 Murphy Oil Corp. has extended its contract for Valaris plc's DS-15 Renaissance drillship in the US Gulf of Mexico.

Transocean Ups Backlog by $366MM
Monday, February 17, 2020 Transocean reported that it has added 10 contracts since last October.

Fading Hope for Emergency OPEC Meeting Caps Oil Rally
Monday, February 17, 2020 Oil was steady after the biggest weekly gain since September as hopes for an OPEC+ emergency meeting on the virus faded.

Eni Makes Oil Discovery Offshore Mexico
Monday, February 17, 2020 Eni revealed Monday that it has made a new oil discovery on the Saasken exploration prospect offshore Mexico.

Most Valuable Soft Skills for Oil Pros in 2020
Monday, February 17, 2020 Rigzone takes a look at the most valuable soft skills for oil pros in 2020.

Short-Sellers Give Oil a Break
Monday, February 17, 2020 Short-sellers are giving oil a reprieve after the global coronavirus scare led them to double bearish wagers in just two weeks.

LNG Market Catches a Chill as Gas Prices Drop
Monday, February 17, 2020 Optimism about the LNG industry's prospects has crashed into economics.

Oil Steady as Asian States Seek to Offset Virus Impact
Monday, February 17, 2020 China and others in Asia promised economic stimulus to offset the impact of the coronavirus, buoying the outlook for fuel demand.

Global Oversupply Equals a Tough Year for LNG Exporters
Friday, February 14, 2020 Demand is insufficient to absorb rising global supplies of this super-cold fossil fuel.

Oil Posts Weekly Gain
Friday, February 14, 2020 Investor confidence was lifted after China reassured the international community that a huge spike in new coronavirus cases was a one-off event.

Global Oil, Gas Deal Value Sank in 2019
Thursday, February 13, 2020 Despite this upheaval, E&Y sees an environment in which asset attrition outruns whatever reductions there might be in demand.

EIA Cuts 2020 Oil Price Forecast
Thursday, February 13, 2020 The U.S. Energy Information Administration has cut its Brent oil price forecast for 2020.

Oil Rally Stumbles After Jump in Virus Cases
Thursday, February 13, 2020 A nascent rebound in oil prices ran into turbulence after China's Hubei province reported almost 15,000 new coronavirus cases as it changed its method for counting infections.

All Eyes on McDermott
Thursday, February 13, 2020 Here are Rigzone's top stories during the last week, just in case you missed them...

IEA Sees First Global Oil Demand Drop in a Decade
Thursday, February 13, 2020 Global oil demand will drop this quarter for the first time in over a decade as the coronavirus batters China's economy, the International Energy Agency said.

Oil Climbs on Easing Coronavirus Concerns
Thursday, February 13, 2020 The World Heath Organization rekindled optimism that the coronavirus outbreak could be abating.

Oil Rallies While Russia Ponders OPEC+ Plan
Wednesday, February 12, 2020 Oil rallied back above $50 a barrel as investors waited to see whether Russia would accept an OPEC+ plan for production cuts to cope with demand destruction from the coronavirus.

Rystad Slashes Oil Demand Growth Forecast
Wednesday, February 12, 2020 Rystad Energy slashes its global oil demand growth forecast for 2020 by 25 percent after assessing the impact of the coronavirus.

TechnipFMC Expects $2.4B Impairment Charge
Wednesday, February 12, 2020 TechnipFMC has revealed that it expects approximately $2.4 billion of non-cash asset impairment charges to impact its results in the fourth quarter.

New BP CEO Sets Out Plan
Wednesday, February 12, 2020 BP pledged to achieve net-zero carbon emissions from its oil and gas operations and production by 2050.

Oil Posts Biggest Gain Since Early January
Wednesday, February 12, 2020 Signs that the spread of the coronavirus may be slowing boosted investor confidence that crude's sell-off has peaked.

New Fortress Energy Signs LNG Supply Deal
Tuesday, February 11, 2020 The company is taking advantage of the dislocation in global LNG markets and securing 10 years of offtake.

Ineos Teams Up with F1 Team
Tuesday, February 11, 2020 Ineos has teamed up with the Mercedes-AMG Petronas Formula One team through a new principal partnership.

Oil Bounces Back from One-Year Low
Tuesday, February 11, 2020 Oil bounced back from a one-year low in New York but the emergence of a glut since the coronavirus outbreak loomed over the market.

Amidst Big Oil's Struggles, New BP Boss Shares His Vision
Tuesday, February 11, 2020 Investors and activists want to know just how much appetite he has to take on the existential crisis facing the oil industry.

Oil Climbs Despite Russia's Indecision on OPEC+ Cut
Tuesday, February 11, 2020 OPEC+ needs to balance production with the demand trajectory, which looks down.

BP Downstream Chief to Move On
Monday, February 10, 2020 Tufan Erginbilgic, the chief executive of BP plc's Downstream segment since 2014, has decided to leave the company at the end of next month.

Oil Down as Expectations of Urgent OPEC Meeting Fade
Monday, February 10, 2020 Oil hovered around $50 a barrel in New York on signs a much-touted emergency meeting of OPEC+ ministers probably won't happen after all.

Shipping Gets Smashed by Coronavirus
Monday, February 10, 2020 The shipping industry tends to do badly when Chinese demand disappoints, but the outbreak of the coronavirus has done more than just damage the amount of cargo that needs to be transported.

Trading Giants Seek Oil Storage at Sea as Virus Creates Glut
Monday, February 10, 2020 The industry is dealing with an oil glut that's emerged since the outbreak of the coronavirus in China.

Oil Sinks as OPEC Dithers on Output Cut
Monday, February 10, 2020 Oil fell below $50 a barrel to the lowest level in more than a year.

Top 30 High Impact Wells in 2020
Friday, February 07, 2020 Rystad Energy has identified what it considers the top 30 high impact wells that will be drilled this year.

Top Rigzone Articles Roundup
Friday, February 07, 2020 Here's a roundup of Rigzone's top five most popular articles during the last week, just in case you missed them...

Oil Pares Fifth Weekly Loss on OPEC+ Plan
Friday, February 07, 2020 Oil pared its fifth straight weekly loss on optimism that OPEC+ will deepen output cuts.

China LNG Force Majeure Rejected
Friday, February 07, 2020 Two of Europe's biggest energy companies rejected a Chinese force majeure on liquefied natural gas contracts in the latest twist to a drama that's gripping global commodities markets.

Oil Posts Longest Weekly Losing Streak Since 2018
Friday, February 07, 2020 Coronavirus clouded the demand outlook and OPEC awaited Russia's decision on whether to cut production.

Global Oil, Gas Discoveries Hit Four-Year High in 2019
Thursday, February 06, 2020 2019 was the best since 2015 for new hydrocarbon supplies.

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