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Oil Steady After Longest Rally Since June
Wednesday, August 05, 2020Oil was steady after the longest run of gains in six weeks on signs U.S. crude stockpiles extended declines.
BP Oil Business Will Shrink Dramatically
Wednesday, August 05, 2020BP's oil and gas business will shrink dramatically, while its low carbon business will grow strongly.
OGUK Launches Forum to Help SMEs
Wednesday, August 05, 2020Industry body Oil & Gas UK has launched a new forum dedicated to helping small and medium-sized businesses navigate the downturn.
Senate Confirms Deputy Energy Sec
Wednesday, August 05, 2020The U.S. Senate has confirmed Mark W. Menezes to be the Deputy Secretary of Energy in a bipartisan vote of 79-16.
Brent Tops $45
Wednesday, August 05, 2020Oil climbed to a five-month high in London.
Climate Hawks Press Biden to Take More Radical Stance
Wednesday, August 05, 2020If climate activists succeed in pulling him to the left it could cost him mainstream support.
Oil Flat as OPEC Supply Offsets Economic Gains
Tuesday, August 04, 2020Oil held near $41 a barrel in New York after the biggest gain in two weeks.
Oil Prices Climb After Lebanon Blast
Tuesday, August 04, 2020Oil climbed to the highest level in nearly two weeks after an explosion at Lebanon's main port rocked the capital Beirut.
Focus On: Equipment
Libya NOC Calls for Demilitarization of Oil Assets
Monday, August 03, 2020Libya's National Oil Corporation has called for the 'demilitarization' of oil facilities.
Oil Dips as OPEC+ Starts to Unwind Cuts
Monday, August 03, 2020Oil edged below $40 a barrel in New York as OPEC and allied producers started supplying more crude to a global market where many countries are still struggling to contain the coronavirus.
Crisis Presents BP CEO With Chance to Change
Monday, August 03, 2020The crisis is giving Looney the opportunity to accelerate the big changes needed to fulfill his vision.
Oil Prices Rise Amid Recovery Signs
Monday, August 03, 2020Oil rose the most in nearly two weeks.
Oil Set for 3rd Monthly Gain
Friday, July 31, 2020Oil is set for a third monthly advance in New York before OPEC+ starts returning supply to the market.
SLB Cutting Thousands of Jobs
Friday, July 31, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them...
Oil Inventory Data Prompt Reminiscing
Friday, July 31, 2020Rigzone panelists offer their insights on the top oil market hits and misses for the week ending July 31, 2020.
Oil Prices Up for the Month
Friday, July 31, 2020Oil posted a gain in July, boosted by a steadily weakening dollar and OPEC's restraint on production.
How Many Oil Jobs Did Texas Lose in 1H?
Thursday, July 30, 2020According to TIPRO's latest mid-year energy report, Texas has lost over 39,000 direct oil and natural gas jobs in the first half of 2020.
Trading Bonanza Saves Quarter for Shell and Total
Thursday, July 30, 2020Royal Dutch Shell Plc and Total SE were saved from what many feared would be the worst quarter ever for the oil and gas industry.
Covid-19 is the Elephant in the Room
Thursday, July 30, 2020Covid-19 is the elephant in the room and the U.S. death toll passing the milestone of 150,000 has spread concern to every kind of market.
Shale Drillers Signal Bleak 2020
Thursday, July 30, 2020Three shale explorers signaled a grim rest of 2020 for the U.S. oil patch.
Light Crude Closes Below $40
Thursday, July 30, 2020Oil cratered the most in more than a month.
Oil Holds Loss as Focus Turns to Stockpiles
Wednesday, July 29, 2020Oil held a loss to trade near $41 a barrel after analysts forecast U.S. crude stockpiles continued to swell last week.
Trump Heads to Texas
Wednesday, July 29, 2020President Donald Trump will look to deep-pocketed energy barons to help jump start his re-election campaign.
Rystad Foresees New Oil Supply Glut
Wednesday, July 29, 2020A new four-month oil supply glut should result from the partial return in August of curtailed OPEC+ production, Rystad Energy predicts.
Oil Prices Finish Higher on Strong Draw
Wednesday, July 29, 2020Oil was propped up by the biggest decline in U.S. crude inventories this year, signaling a bright spot in a market weakened by Covid-19.
Oil Kept Afloat by Dovish Fed and Weak Dollar
Tuesday, July 28, 2020Oil edged lower but was still near a four-month high.
ExxonMobil Announces LNG PPA Finalists
Tuesday, July 28, 2020ExxonMobil has announced the finalists for the 2020 LNG Power Play Awards.
Offshore UK Covid Cases Continue to Fall
Tuesday, July 28, 2020OGUK has revealed that suspected Covid-19 cases offshore are continuing to decrease.
IGC Holds Drills Off Strait of Hormuz
Tuesday, July 28, 2020Iran's Islamic Revolutionary Guard Corps held military drills off the Strait of Hormuz on Tuesday, according to a statement on its Sepah News website.
Oil Slides On Expected U.S. Supply Increases
Tuesday, July 28, 2020U.S. futures for WTI oil declined 1.3% on Tuesday as domestic crude supplies expected to rise for second straight week.
OPEC Move Impact Could Be Minor
Monday, July 27, 2020Rigzone panelists offer their views on what to watch in the oil and gas markets this week.
Demand Outlook Darkens
Monday, July 27, 2020The demand outlook has darkened according to Standard Chartered.
Oil Down as Investors Weigh Key Points
Monday, July 27, 2020Oil edged lower as investors weighed worsening relations between Washington and Beijing and the prospect of more supply against a weakening dollar and signs the virus is easing in the U.S.
Oil Prices Edge Upward
Monday, July 27, 2020Oil was propped up by the combination of a weaker dollar and stronger US equities.
Oil Holds Losses on Demand Concerns
Friday, July 24, 2020Oil held losses near $41 a barrel in New York as signs of weakness in the American labor market cast doubt on the strength of its demand recovery.
New Committee Aims to Retain Permian Work Force
Friday, July 24, 2020The Odessa Development Corporation has announced the formation of a new strategic advisory committee called The Permian Fuels America.
OGCI Commits $1MM for New Gas Flaring Platform
Friday, July 24, 2020The Oil and Gas Climate Initiative has announced a commitment of nearly $1 million to the Payne Institute for Public Policy.
Chevron Buys Noble
Friday, July 24, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them...
Light Crude Musters Weekly Gain
Friday, July 24, 2020Oil edged higher with a weaker dollar overshadowing signs of a slowing global economic recovery.
Oil Stuck as Headwinds Mount
Thursday, July 23, 2020Oil was stuck near $42 a barrel in New York with a weaker dollar lending support as investors took stock of a surprise gain in American crude stockpiles and renewed tensions between Beijing and Washington.
US Orders Closure of Houston Chinese Consulate
Thursday, July 23, 2020The United States 'abruptly' demanded that the Chinese Consulate-General in Houston cease all operations and events.
ADIPEC Goes Virtual
Thursday, July 23, 2020The Abu Dhabi International Petroleum Exhibition and Conference is going virtual this year.
Saudis Gain Nothing in 1st Month After Price War End
Thursday, July 23, 2020Saudi Arabia gained no financial reward in the first full month after ending its oil-price war with Russia.
Oil Prices Fall Amid Slowdown Signals
Thursday, July 23, 2020Oil's afternoon attempt to hold a rally failed.
Vitol Launches New US Upstream Venture
Wednesday, July 22, 2020Vitol revealed this week that the company has established a new U.S. upstream venture called Vencer Energy.
Oil Down on Signs of Swelling Stockpiles
Wednesday, July 22, 2020Oil in New York eased from a four-month high on signs of a surprise gain in U.S. crude stockpiles, raising fresh concerns about supply as many regions struggled to get the pandemic under control.
Oil and Renewables Team Up in New Project
Wednesday, July 22, 2020The Oil and Gas Technology Centre and the Offshore Renewable Energy Catapult have teamed up to create the Energy Transition Alliance.
IOGCC Urges Trump to Investigate Saudis and Russia
Wednesday, July 22, 2020The Interstate Oil and Gas Compact Commission has passed a resolution urging the Trump administration to investigate 'excessive dumping' of crude oil by Saudi Arabia and Russia.
UK Oil at Odds with Gov on Mass Covid Testing
Wednesday, July 22, 2020The UK oil and gas industry says blanket testing of its workers is essential to avoid Covid-19 outbreaks offshore.
Oil Prices Nearly Flat for the Day
Wednesday, July 22, 2020Crude nearly erased all losses with a declining dollar and strong U.S. equities lending support to a market weakened by sluggish demand.
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