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ADNOC Streamlines Oilfield Procurement Process
Wednesday May 05, 2021
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ADNOC has launched a program standardizing procurement terms and conditions across its value chain. PHOTO SOURCE: ADNOC
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Petronas Galeri Ceases Operations
Sunday, May 09, 2021Petronas has announced that Galeri Petronas has ceased to operate as a public gallery following a realignment of its operating model to adapt to the changes brought about by the Covid-19 pandemic.
Biden Cabinet Member Issues Clean Energy Warning
Sunday, May 09, 2021Check out some of last week's most-viewed downstream-related Rigzone articles.
Rig Sinks and More
Saturday, May 08, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Baker Hughes USA and Canada Rig Counts Increase
Saturday, May 08, 2021Baker Hughes reported increases in the number of rotary drilling rigs operating in the United States and Canada.
Analysts Raise 2021 Oil Price Forecast
Friday, May 07, 2021Analysts at Fitch Solutions Country Risk & Industry Research have raised their average Brent oil price forecast for 2021.
Oil Heads for Back to Back Weekly Gain
Friday, May 07, 2021Oil headed for a second straight weekly advance as investors bet on rising energy demand amid a broader rally in commodities.
Big Oil Braces for Climate Votes
Friday, May 07, 2021As Europe's oil majors prepare to host their annual shareholder meetings, one topic is garnering almost all the attention.
Petchems Firms Report Best Profits in Years
Friday, May 07, 2021The cost of building blocks for everything from plastics to paint has surged over the past year.
Chevron Awards GOM Services Contract
Friday, May 07, 2021Worley will establish a subsea tieback development scheme for the Ballymore field.
Oil and Gas Industry Success Fuels Energy Transition
Friday, May 07, 2021Rigzone reviews some oil and gas market hits and misses for the week ending May 7, 2021.
Oil Prices Finish Week Higher Amid Summer Demand Optimism
Friday, May 07, 2021Oil futures edged upward Friday and posted a gain for the week.
Noble Corporation Optimistic on Market Outlook
Thursday, May 06, 2021Noble Corporation is optimistic about the market outlook, according to Robert W. Eifler, the president and chief executive officer of the company.
Shelf Drilling Bags New Deals
Thursday, May 06, 2021Shelf Drilling, Ltd. (OSE: SHLF) announced Thursday that it has secured a ten-year contract extension for the High Island IX jack-up rig in direct continuation of its current contract in the Arabian Gulf.
Oil Slides Amid Uneven Consumption Recovery
Thursday, May 06, 2021Oil slipped below $69 a barrel as traders assessed an uneven recovery in global demand.
Seadrill Wins Contract to Support Pioneering GOM Project
Thursday, May 06, 2021Talos Energy has contracted a Seadrill drillship for the Tornado Attic well in the deepwater Gulf of Mexico.
$2.9B Deal to Expand Marcellus Presence for EQT
Thursday, May 06, 2021EQT's CEO said the deal marks "an attractive entry into the Northeast Marcellus."
Gulf Coast LNG Players Pursue Risky Carbon Capture Route
Thursday, May 06, 2021They are seeking to burnish their green credentials via a costly and largely untested technology.
Marathon Drops Aircraft Leases and Boosts Debt Focus
Thursday, May 06, 2021Marathon Oil Corp. is giving up its corporate aircraft as the shale driller escalates cost cuts.
Oil Prices Decline Amid Uneven Recovery Signs
Thursday, May 06, 2021Oil declined amid the coronavirus crisis in India and a slowing demand rebound in the USA.
ADNOC Streamlines Oilfield Procurement Process
Wednesday, May 05, 2021ADNOC has launched a program standardizing procurement terms and conditions across its value chain. PHOTO SOURCE: ADNOC
Oil Up as Sagging Stockpiles Aid Bull Bets
Wednesday, May 05, 2021Oil extended a rally after U.S. stockpiles fell and reopening drives in the U.S. and Europe showed signs of boosting demand.
Transocean Encouraged by Rising Customer Enquiries
Wednesday, May 05, 2021Transocean's (NYSE: RIG) president and chief executive officer, Jeremy Thigpen, has announced that the company is encouraged by an increasing number of customer inquiries.
Chevron Hokkaido Deal Marks Asia-Pacific LNG Shift
Wednesday, May 05, 2021Buyers in the region have gained considerable contractual leverage over producers.
Haynesville Shale Operator Awards Gas Frac Fleet Contract
Wednesday, May 05, 2021The 100% natural gas-fueled frac fleet deployment is slated to begin in early 2022.
Jet Fuel Use Set to Surge 30% in USA
Wednesday, May 05, 2021Pent-up travel demand is about to burst out into one hot summer for USA domestic flights -- and jet fuel producers.
Very Likely Oil Will Rise Towards $70
Tuesday, May 04, 2021It's very likely that oil will claw back towards $70 per barrel in the coming months, according to Rystad Energy.
SLB-Backed Arabian Drilling Planning Saudi IPO
Tuesday, May 04, 2021Arabian Drilling Co is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter.
Iraq Sees Steady Prices, Considers Buying XOM Stake
Tuesday, May 04, 2021Iraq said crude prices would probably remain around $65 a barrel in the coming months and announced it's considering buying Exxon Mobil Corp.'s stake in one of the world's biggest fields.
Exxon Texas Refinery Uses Temp Crews Amid Ongoing Union Talks
Tuesday, May 04, 2021The lockout affects more than 650 members of USW Local 13-243.
ConocoPhillips Plans 25% Debt Reduction
Tuesday, May 04, 2021The plan would essentially bring COP's debt pile back to the pre-Concho acquisition level.
Offshore Drilling Contractor Completes Reorganization
Tuesday, May 04, 2021Valaris Limited has emerged from Chapter 11 bankruptcy.
Oil Prices Continue Ascent
Tuesday, May 04, 2021Oil climbed to the highest since the middle of March.
Exxon Earns $2.7B in First Quarter
Monday, May 03, 2021Exxon Mobil Corporation (NYSE: XOM) has announced estimated first quarter 2021 earnings of $2.7 billion.
What Will Virus Surge Mean for Oil Demand Outlook?
Monday, May 03, 2021Check out this preview of what to watch this week in the oil and gas markets.
Hess Divests Acreage in North Dakota
Monday, May 03, 2021Hess has sold its Little Knife and Murphy Creek acreage interests in the Bakken Formation in North Dakota. PHOTO SOURCE: Hess Corp.
Buffett Defends Berkshire's Chevron Ownership
Monday, May 03, 2021The billionaire investor also called failed shareholder proposals to produce diversity and climate reports "asinine."
Shale Drilling Specialist Cuts Staff in Houston
Monday, May 03, 2021A private equity firm that specializes in shale drilling fired 111 people at its Houston headquarters.
Oil Futures Settle Higher Amid Reopening Shift
Monday, May 03, 2021Oil climbed as optimism over progress in reopening some of the world's largest economies outweighed deepening coronavirus risks elsewhere.
Texas Fuel Facility to Pay $85,000 Average Salary
Sunday, May 02, 2021Here is a review of some of Rigzone's most popular downstream-related articles from last week.
Bristow Bags Aker BP Deal
Sunday, May 02, 2021Bristow Group has secured a three year contract extension with Aker BP to support air transportation crew change services for Aker BP's operations in the Norwegian continental shelf.
USA Set for Gas Boom and More
Saturday, May 01, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
Baker Hughes Posts Gain in USA Drilling Rigs
Saturday, May 01, 2021The active USA rotary rig fleet increased by two this week.
Petronas Signs Deal for 3 New LNG Vessels
Friday, April 30, 2021Petronas LNG Ltd. has announced that it has signed a deal for three newbuild LNG vessels with shipowner Hyundai LNG Shipping.
Oil Drops as Global Markets Rally Takes a Breather
Friday, April 30, 2021Oil declined as a recent rally in equities and commodities paused.
Chevron Posts Bumper Cash Flow
Friday, April 30, 2021Chevron Corp. generated the most free cash flow since the pandemic emerged as economies clawing their way out of more than a year of lockdowns and paralysis burn more fuel.
Shale Gas Exec Criticizes Vague Climate Pledges
Friday, April 30, 2021An executive at USA shale gas explorer CNX Resource Corp. contends long-term pledges to reduce emissions lack detail and accountability.
EV Charging Industry Still Seeking Profitable Business Model
Friday, April 30, 2021The dilemma boils down to demand, and there's a certain chicken-and-egg quality to it.
Pluses Adding Up on Crude Supply Side
Friday, April 30, 2021Here is a review of oil and gas market hits and misses for the week ending April 30, 2021.
Oil Prices Show Monthly Increase
Friday, April 30, 2021Oil rose this month with a slew of positive economic data and signs of a budding fuel consumption revival in key economies.
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