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First 20,000-psi Rig Delivery by Year End and More
Saturday, June 12, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
IEA Says Oil Demand to Hit Pre-Virus Level in 2022
Friday, June 11, 2021Global oil demand will recover to pre-pandemic levels late next year, the International Energy Agency predicted.
Oil Poised for Third Weekly Gain
Friday, June 11, 2021Oil headed for a third straight weekly gain on signs of an improving demand outlook.
Wall Street to Get Bullish Oil Message from Saudi Official
Friday, June 11, 2021Saudi Arabia's energy minister is taking his war of words with oil speculators to the heart of Wall Street.
Congress Gets Plea from Ukraine to Block Nord Stream 2
Friday, June 11, 2021The head of Ukraine's state-owned oil and gas company says allowing Nord Stream 2's completion would hurt American credibility in Eastern Europe.
Oil Prices Post Gains for the Week
Friday, June 11, 2021Oil posted its third straight weekly rise on improving demand.
Bullish Sentiment Likely Has Steam Left
Thursday, June 10, 2021The bullish sentiment in the oil market likely has some more steam left in it, according to Rystad Energy.
Shell Urges Nigeria to Pass PIB Soon
Thursday, June 10, 2021Royal Dutch Shell Plc's oil-drilling unit in Nigeria is urging the government to pass long-delayed legislation to reform the country's petroleum industry.
Focus On: Field Development
Oil Holds Steady as Focus Turns to Inflation
Thursday, June 10, 2021Oil erased losses as traders awaited inflation data, after an increase in U.S. fuel stockpiles brought crude's rally to a halt.
Canada Oil Sands Producers in Net Zero Alliance
Thursday, June 10, 2021Canadian Natural Resources, Cenovus Energy, Imperial, MEG Energy, and Suncor Energy have formally announced the Oil Sands Pathways to Net Zero initiative.
Oil Prices Get Boost from Inflation Data
Thursday, June 10, 2021Futures in New York rebounded from a plunge of as much as 1.8% earlier on Thursday.
Mining Magnate Likens Congo to 1950s Saudi Arabia
Wednesday, June 09, 2021An African nation emerging from decades of conflict and corruption holds the key to greening the global economy, according to mining magnate Robert Friedland.
EIA Raises 2021 Oil Price Forecast
Wednesday, June 09, 2021The U.S. Energy Information Administration raised its 2021 Brent oil price forecast in its latest short term energy outlook.
NOCs to Fill Void as Majors Retreat from Oil and Gas
Wednesday, June 09, 2021National oil companies are largely shielded from shareholder pressures.
WTI Declines Amid Climbing USA Fuel Inventories
Wednesday, June 09, 2021Oil closed lower as an increase in USA fuel stockpiles clouded the outlook for a strong demand rebound.
Rig Remains Submerged After Incident
Tuesday, June 08, 2021The Naga 7 rig remains submerged off the coast of Sarawak after an incident that took place on May 3, Velesto Energy revealed.
Oil Extends Decline as Rally Falters
Tuesday, June 08, 2021Oil fell for a second session after a rally that saw prices hit $70 a barrel in New York for the first time since October 2018 faltered.
Light Crude Settles Above $70 a Barrel
Tuesday, June 08, 2021West Texas Intermediate closed above the key psychological level for the first time since Oct. 2018.
Energy Exec to Testify Before Senate Committee
Monday, June 07, 2021Here is a preview of what to watch this week in oil and gas markets.
When Will Oil Demand Hit Peak Velocity?
Monday, June 07, 2021Standard Chartered's latest oil market report takes a look at when global oil demand will hit peak velocity.
Fitch Solutions Releases Latest Oil Price Forecasts
Monday, June 07, 2021Fitch Solutions Country Risk & Industry Research has kept its Brent crude forecasts out to 2025 unchanged, the company's latest oil price outlook report has revealed.
Oil Slips as Rally Starts to Cool
Monday, June 07, 2021Oil slipped after hitting $70 a barrel in New York for the first time since October 2018 as a rally driven by signs of a tightening market eased.
Rosneft Warns of Severe Oil Shortage
Monday, June 07, 2021Russian oil giant Rosneft PJSC warned of an impending shortfall in supply as global producers increasingly channel funds into a 'hasty' energy transition.
BP Chief Sees Lasting Strong Oil Demand Recovery
Monday, June 07, 2021Energy giant BP Plc sees a strong recovery in global crude demand and expects it to last for some time.
Biden Admin Official Calls Nord Stream 2 Done Deal
Monday, June 07, 2021Secretary of State Antony Blinken called completion of the Nord Stream 2 pipeline from Russia to Germany a "fait accompli."
Oil Prices Falter Amid Broader Selloff
Monday, June 07, 2021Prices losing some momentum after hitting $70 a barrel in New York for the first time in over two years.
Lightsource BP in $1B+ Portugal Solar Investment
Sunday, June 06, 2021Lightsource BP has announced a $1.09 billion solar investment in Portugal, which will be deployed over six years.
Ex-Shell President Passes Away and More
Saturday, June 05, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
How Did UKCS Oil and Gas Perform in 2020?
Friday, June 04, 202178 operators contributed to nine industry themes and over 3,880 data sections in the OGA's 2020 UKCS Stewardship Survey.
Is OPEC+ Intentionally Firing Up Prices?
Friday, June 04, 2021Rystad Energy says the disconnect between OPEC+'s demand forecast and supply call raises questions.
Oil Climbs Near Highest Since 2018
Friday, June 04, 2021Oil crept higher with prices trading near their highest level since 2018.
Saudis Increase Oil Prices for Asia Customers
Friday, June 04, 2021Saudi Arabia increased oil prices for customers in its main market of Asia by more than expected.
Is Selling Assets Useless for Cutting GHG Emissions?
Friday, June 04, 2021Rigzone looks back at oil and gas market hits and misses for the week ending June 4, 2021.
Oil Prices Up for Second Straight Week
Friday, June 04, 2021Oil and gasoline futures both posted their second weekly gain in a row.
Maersk Wants $150 a Ton Carbon Tax on Shipping Fuel
Thursday, June 03, 2021The world's largest container shipping line has called for a $150 a ton carbon tax on shipping fuel that would drive up the costs for an industry that delivers 80 percent of world trade.
UK Could Become Silicon Valley of Energy
Thursday, June 03, 2021The UK could become the Silicon Valley of energy, according to Oil & Gas UK's chief executive.
Oil Prices Barely End Winning Streak
Thursday, June 03, 2021Oil was virtually unchanged as a stronger dollar weighed broadly across commodities.
New Offshore Helicopter Refueling Standards Launched
Wednesday, June 02, 2021OPITO and the OGUK Aviation Services Task Group have launched new standards to ensure helicopter refueling on offshore assets is consistently completed safely and effectively, OPITO has announced.
Biden Suspends Trump's Arctic Refuge Oil Leases
Wednesday, June 02, 2021The Biden administration is suspending Arctic refuge drilling rights that were sold in the final days of Donald Trump's presidency.
Oil Extends Gain From 2018 High
Wednesday, June 02, 2021Oil extended gains after closing at the highest since October 2018 as OPEC+ provided an upbeat assessment of the demand outlook and the prospect of a speedy return of Iranian barrels to the market waned.
Dancing Robot Set to Help Energy Sector
Wednesday, June 02, 2021A robot made famous by dancing on YouTube is set to help save lives and cut carbon dioxide emissions by supporting hazardous environment research at the National Robotarium, Heriot-Watt University has announced.
Saudis Liken IEA Net-Zero Plan to Romantic Comedy Sequel
Wednesday, June 02, 2021The International Energy Agency stirred some passionate debate last month when it urged an end to new oil and gas investments.
USA Oil Demand Outlook Gets More Bullish
Wednesday, June 02, 2021All signs from this past Memorial Day weekend reaffirm the oil market's bet that Americans will be out traveling in force this summer.
WTI Closes Near $69 Per Barrel
Wednesday, June 02, 2021Oil extended gains as signs of a demand recovery stoke optimism.
Oil Tops $70 as OPEC+ Flags Tightening Market
Tuesday, June 01, 2021Brent oil advanced above $70 a barrel after the OPEC+ alliance forecast a tightening global market ahead of a production policy meeting.
Plenty of Bullish Confidence in Oil Market
Tuesday, June 01, 2021There is plenty of bullish confidence in the oil market currently, according to Rystad Energy.
Equinor Greenlights $8B Bacalhau Project
Tuesday, June 01, 2021Equinor (NYSE: EQNR), ExxonMobil (NYSE: XOM), Petrogal Brasil, and PPSA have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area.
Oil Prices Rally to Highest Settlements in Years
Tuesday, June 01, 2021Oil resumed its advance, reaching the highest settlement in over two years.
Does OPEC+ Plan a June Surprise?
Monday, May 31, 2021Here is a preview of what to watch this week in the oil and gas markets.
Oil Up with Market Focused on OPEC+ Meeting
Monday, May 31, 2021Oil advanced in Asian trading with the market focused on an OPEC+ supply policy meeting early this week and any commentary around the prospect for returning Iranian supply.
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