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Qatar Petroleum Signs Landmark LNG Deals
Tuesday June 02, 2020
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Saad Sherida Al-Kaabi, Qatar's minister of state for energy affairs and QP's president and CEO, has signed three LNG ship construction agreements. SOURCE: Qatar Petroleum
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Brent Over $40 as OPEC+ Cut Extension Looks Likely
Wednesday, June 03, 2020Brent oil rose above $40 a barrel for the first time in almost three months.
OPEC+ Edges Closer to Compromise
Wednesday, June 03, 2020OPEC and its allies edged closer to a consensus on extending production cuts to prop up the oil market.
Analysts Increase Oil Price Forecast
Wednesday, June 03, 2020Analysts at Fitch Solutions Country Risk and Industry Research have increased their forecast for the price of Brent crude oil in 2020.
OPEC+ Meeting in Doubt
Wednesday, June 03, 2020A meeting between OPEC and its allies this month was in doubt as Saudi Arabia and Russia drew a hard line over quota cheating by some nations.
Global Gas Market Still Extraordinarily Oversupplied
Wednesday, June 03, 2020Unlike the oil market, there's been no sign of a coordinated response to address the gas glut.
Qatar Petroleum Signs Landmark LNG Deals
Tuesday, June 02, 2020Saad Sherida Al-Kaabi, Qatar's minister of state for energy affairs and QP's president and CEO, has signed three LNG ship construction agreements. SOURCE: Qatar Petroleum
Oil Up With OPEC+ Production Cut Decision in Focus
Tuesday, June 02, 2020Oil edged higher as the market waited to see if OPEC and its allies will extend record production curbs.
Putin and Trump Discuss OPEC+ Deal
Tuesday, June 02, 2020Vladimir Putin and Donald Trump discussed the OPEC+ deal just days before the producers' alliance meets to discuss the future of its output cuts.
Refiners Hit Hard by Fuel Demand Destruction
Tuesday, June 02, 2020Refiners around the world have been hit hard by fuel demand destruction caused by lockdowns and stringent travel restrictions, according to GlobalData.
Oil's Comeback Uplifts US Shale, Complicates OPEC+ Task
Tuesday, June 02, 2020Futures settled at their highest since March 6 on Tuesday.
Pump Price Uptick Poised to Continue
Monday, June 01, 2020Rigzone panelists offer their recommendations on what to watch in the oil market this week.
Petrofac Wins Iraq Contract Extension
Monday, June 01, 2020Petrofac has provided ICOEEP with operations and maintenance services for nearly eight years.
Oil Steady as Demand Risks and OPEC+ Signs Weighed
Monday, June 01, 2020Oil steadied after a fifth weekly gain as investors weighed the demand threats from unrest in the U.S. and deteriorating relations between Washington and Beijing against signs that OPEC+ may extend supply cuts.
OPEC+ to Discuss Production Cut Extension
Monday, June 01, 2020OPEC+ is set to discuss a short extension of its current output cuts, according to a delegate.
Oil Demand Expected to Fall 11.5 Percent
Monday, June 01, 2020Global oil demand will decrease by 11.5 percent year on year, according to Rystad Energy's latest demand forecast.
Abu Dhabi Mulling Pipeline Stake Sale
Monday, June 01, 2020A deal could value the pipelines at more than $15 billion.
Oil Rally Fizzles
Monday, June 01, 2020Oil futures settled slightly lower in New York on Monday amid mixed signals from OPEC and its confederates about the timing of their next discussions.
June Could Bring Crude Oversupply Reversal
Friday, May 29, 2020Check out this review of the most viewed downstream-related Rigzone articles from the past week.
Oil Trims Biggest Monthly Gain on US-China Anxiety
Friday, May 29, 2020Oil trimmed its biggest monthly advance on record as crude was swept up in the broader negative sentiment around deteriorating U.S.-China relations.
China Tensions Risk $52B in US Energy Sales
Friday, May 29, 2020China is already lagging behind its promise to buy $52 billion worth of U.S. oil, gas and other energy products.
IEA Expects Biggest Ever Drop in Energy Investment
Friday, May 29, 2020The pandemic has set in motion the largest drop in global energy investment in history, according to the IEA.
More Industry Job Cuts Coming
Friday, May 29, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them...
Light Crude Maintains Solid Trend
Friday, May 29, 2020Check out this review of oil market hits and misses for the week ending May 29, 2020.
Oil Facing Demand Uncertainty After Record Rebound
Friday, May 29, 2020Crude surged about 88 percent in May, with US futures on Friday rising above $35 a barrel for the first time since March.
Oil Down on Signs US Stockpiles Swelled
Thursday, May 28, 2020Oil extended its drop to trade near $32 a barrel after a U.S. industry report signaled crude inventories swelled for the first time in three weeks.
Pandemic Will Hasten Demise of Many Oil Refineries
Thursday, May 28, 2020Who needs a loss-making, inflexible oil refinery in a world where demand for petroleum has been obliterated?
Gastech Postponed
Thursday, May 28, 2020Gastech has been postponed to next year due to concerns around the global pandemic.
Subsea 7 Expects to Slash Around 3,000 Jobs
Thursday, May 28, 2020Subsea 7 expects to slash around 3,000 people from its global workforce of 12,000 by the end of the second quarter of next year.
Oil Rallies on Demand Recovery, Output Cuts
Thursday, May 28, 2020Investors looked past an increase in US crude stockpiles to focus on tentative signs of a recovery in fuel demand.
Oil and Gas CEOs Reaffirm Climate Action Focus
Wednesday, May 27, 2020The CEOs stressed they continue to "focus on what matters".
Oil Down on Signs Russia May Ease Supply Cuts
Wednesday, May 27, 2020Oil declined from the highest settlement in 11 weeks on signs Russia was planning to start easing supply cuts from July.
Oil Slips From 11-Week High
Wednesday, May 27, 2020Investors weighed whether or not Russia would extend output curbs when OPEC+ meets in two weeks.
Americans Eye Post-lockdown Road Trips
Tuesday, May 26, 2020Here is a preview of what to watch in the oil market this week.
Oil Up on Hopes Market May Balance in Coming Weeks
Tuesday, May 26, 2020Oil rose above $34 a barrel following a prediction from Russia that the market may rebalance as early as next month.
The Market Has Escaped a Collapse
Tuesday, May 26, 2020The oil market has escaped a collapse, according to Rystad Energy's head of oil market research, Bjornar Tonhaugen.
IEA Says Global Oil Demand Has Yet to Peak
Tuesday, May 26, 2020Global oil consumption hasn't peaked, the head of the International Energy Agency warned.
Saipem Signs Global Engineering Deal with Equinor
Tuesday, May 26, 2020Saipem has signed a two-year frame agreement with Equinor covering engineering services worldwide.
OGUK Launches Knowledge Sharing Network
Tuesday, May 26, 2020Oil & Gas UK has launched a new online knowledge sharing network.
Oil Rallies With Producers Hiking Prices
Tuesday, May 26, 2020Some OPEC producers are displaying signs of confidence that the market is stabilizing.
Lamprell Wins EPIC Contract With Sharjah National Oil
Friday, May 22, 2020Scheduled for completion in early 2021, Lamprell's work will be specific to the Mahani extended well test project.
$2.7B Cut of West Africa Contracts Bound for Saipem
Friday, May 22, 2020Here is a recap of the most popular downstream-related articles this past week on Rigzone.
Saudi Petchems Contract Goes to McDermott
Friday, May 22, 2020A subsidiary of Advanced Petrochemical Co. has awarded McDermott International, Inc. a contract for a propane dehydrogenation unit.
Big Jump Predicted for Nat Gas Prices
Friday, May 22, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them…
Completions Death Spiral Slows Down
Friday, May 22, 2020Rigzone panelists highlight their perspectives on the top oil market hits and misses for the week ending May 22, 2020.
Oil Posts Another Weekly Gain Despite Doubts About China Growth
Friday, May 22, 2020Futures in New York slid 2 percent Friday but notched a 13 percent increase for the week.
BP Offshore Deals Go to Worley
Thursday, May 21, 2020BP has formed a pair of global framework agreements with Worley tied to BP's global offshore developments.
Three-year Middle East Contract Goes to Oceaneering
Thursday, May 21, 2020Oceaneering has won an asset integrity contract for onshore and offshore work from a Dubai-based operator.
Oil Heads for 6th Daily Rise on US Stockpile Draws
Thursday, May 21, 2020Oil was headed for its longest run of daily gains in 15 months.
NOCs to Slash Exploration Budgets by Over a Quarter
Thursday, May 21, 2020National oil companies around the world will slash their exploration budgets by over a quarter on average in 2020, Wood Mackenzie estimates.
Shell Planning Voluntary Job Losses
Thursday, May 21, 2020Shell will have a clearer picture of what the reorganization of the company will look like by the end of the year.
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