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Oil Extends Drop After Plunging on US Virus Warning
Wednesday, February 26, 2020 Oil extended losses below $50 a barrel after plummeting more than six percent over the previous two sessions on fears the fast-spreading coronavirus will take a major toll on global economic growth.

Oil Edges Up with Virus Fallout Still Unknown
Tuesday, February 25, 2020 Oil recovered some of its losses following the biggest drop in almost seven weeks as investors attempted to gauge the economic impact of the fast-spreading coronavirus and the potential response from producers.

No OPEC Oil Cut Decision Yet Says Saudi Minister
Tuesday, February 25, 2020 OPEC hasn't made a decision yet on whether to extend or modify its agreement to cut oil output.

Aberdeen Gets New Drilling Well Control Center
Tuesday, February 25, 2020 Survivex is launching a new drilling well control center of excellence in Aberdeen.

Oil Sinks on CDC Warning of Impending Virus Outbreak in US
Tuesday, February 25, 2020 The slump in prices comes as the OPEC and allied producers prepare to meet in Vienna next week.

Coronavirus Ripple Effect Hits Oil Exporters Large and Small
Monday, February 24, 2020 EIU forecasts that China's slower GDP growth will have an outsized impact on oil prices in 2020.

NPD Gives Skogul Go-Ahead
Monday, February 24, 2020 The Norwegian Petroleum Directorate has granted its consent for the start-up of the Skogul field in the North Sea.

Oil Slumps as Global Virus Spread Quickens
Monday, February 24, 2020 Oil slumped the most since Feb. 3 as a risk-off mood blanketed Asian markets after the global spread of the coronavirus quickened over the weekend.

Oil Sinks on Fears of Virus Evolving Into a Global Pandemic
Monday, February 24, 2020 Oil tumbled by the most in almost seven weeks.

Oil Rally Sputters on Renewed Virus Concern
Friday, February 21, 2020 Oil pared a second weekly gain on renewed concern about the impact of the coronavirus.

Vitol Sees Oil Recovery This Year
Friday, February 21, 2020 The oil market is poised for a recovery but will have to first tackle a severe virus-induced demand slump.

Oil Demand Growth Set for Strong 2021
Friday, February 21, 2020 Here are Rigzone's top stories during the last week, just in case you missed them...

Oil Stumbles on Fears of Virus Intensifying Beyond China
Friday, February 21, 2020 China revised how it calculates infection totals again, raising questions about data reliability and confirming the virus's growing reach.

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.

Wintershall Noordzee Brings Sillimanite Online
Thursday, February 20, 2020 Wintershall Noordzee has successfully started gas production from its operated Sillimanite field.

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.

OGUK Responds to Coronavirus
Wednesday, February 19, 2020 Industry body Oil & Gas UK has issued a comment on the coronavirus, following concerns regarding the new virus in the UK.

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.

Ex-SLB Worker Appointed TWMA CEO
Wednesday, February 19, 2020 Drilling waste management company TWMA revealed Wednesday that it has appointed Halle Aslaksen as its new chief executive officer.

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.

North Sea Downtime Cut by 19 Percent
Tuesday, February 18, 2020 North Sea oilfield operators have reduced the frequency of downtime by 19.2 per cent in the year to September 2019, according to the Glacier Production Index.

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.

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.

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.

ConocoPhillips Extends Bristow Contracts
Wednesday, February 12, 2020 This photo shows a Bristow S-92 aircraft on the ramp at ConocoPhillips' Ekofisk platform in the North Sea. PHOTO SOURCE: Bristow Group, Inc.

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.

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