Centrica Brakes on Spirit Energy Sale, Cancels Dividend
Thursday April 02, 2020 - Centrica Plc paused the divestment of its North Sea oil and gas assets and withheld its final dividend payment.
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Former Diplomat Sees Oil War Truce After Summer
Thursday, April 02, 2020 Former British diplomat who served in Saudi Arabia for more than a decade offers his perspective on fight for oil market share.
Oil Up as China Plans to Buy Crude for Reserves
Thursday, April 02, 2020 Oil surged more than 12 percent as China planned to start buying up cheap crude for its strategic reserves.
Trump Thinks Saudis and Russia Will Work it Out Soon
Thursday, April 02, 2020 U.S. President Donald Trump outlined in a press briefing Wednesday that he thinks Russia and Saudi Arabia will work out their oil dispute over the next few days.
Big Oil Has $12B Bond Splurge
Thursday, April 02, 2020 Royal Dutch Shell Plc, Total SA and Equinor ASA are selling $12 billion of bonds as the combined effect of the slump in oil prices and the collapse in demand threaten to sap cash flows for months.
OGA Chief to Stay Until 2022
Thursday, April 02, 2020 Andy Samuel will continue as the chief executive of the Oil and Gas Authority until the end of 2022.
Oil Spikes on Trump's Diplomatic Push
Thursday, April 02, 2020 Via social media on Thursday, President Trump said he thought Saudi Arabia and Russia would resolve their differences to ease the price war.
Centrica Brakes on Spirit Energy Sale, Cancels Dividend
Thursday, April 02, 2020 Centrica Plc paused the divestment of its North Sea oil and gas assets and withheld its final dividend payment.
Oil Soars on Trump's Saudi-Russia Output Cuts Claim
Thursday, April 02, 2020 Uncertainty swirled over the volume of curbs and whether reductions would be made at all.
Saudi Belligerence Pushes VLCC Rates to Comedic Highs
Wednesday, April 01, 2020 A month of historically low crude oil prices have brought along barmy rates for leasing high capacity oil tankers.
Trump Diplomacy Fails to Revive Oil Prices
Wednesday, April 01, 2020 Oil was rooted near $20 a barrel as President Donald Trump's pledge to meet with feuding producers Saudi Arabia and Russia to support the market failed to bolster prices.
UK Union Welcomes Offshore Agreement
Wednesday, April 01, 2020 UK union Unite announced Tuesday that it welcomed a new agreement covering offshore workers.
April to be One of Toughest Months in Oil History
Wednesday, April 01, 2020 April will be one of the toughest months in history for oil, according to Rystad Energy.
Polarcus Cuts Jobs and Salaries
Wednesday, April 01, 2020 Polarcus Limited has announced a $15 million cost reduction plan following the coronavirus outbreak and recent oil price crash.
US, Saudi and Russia to Meet on Market Crash
Wednesday, April 01, 2020 President Donald Trump said the U.S. would meet with Saudi Arabia and Russia with the goal of stanching an historic plunge in oil prices.
Trucking Demand Tosses a Lifeline to Refineries
Wednesday, April 01, 2020 Diesel fuel for trucking is giving some relief to refiners as the coronavirus spread cuts deep into demand.
Oil Near $20 With US Supplies Hinting at Storage Limit
Wednesday, April 01, 2020 US crude inventories jumped 13.8 million barrels last week, the biggest one-week gain since October 2016.
Trump Meeting With Drillers Failed to Boost Oil Futures
Wednesday, April 01, 2020 Oil touched session highs then sold off abruptly in the final half hour before settlement on Wednesday.
Oil Set for Worst Ever Quarter
Tuesday, March 31, 2020 Oil clawed back some losses as signs of a recovery in the Chinese economy bolstered hopes for a rebound in demand though prices are still headed for the worst quarter on record.
Putin, Trump Agree Sinking Oil Prices Not In Mutual Interest
Tuesday, March 31, 2020 Vladimir Putin and Donald Trump agreed in a phone call Monday that "current oil prices aren't in the interests of our countries."
Saudis Make Good on Oil Wave Promise
Tuesday, March 31, 2020 The first wave of crude oil is already on its way toward Europe and the US.
Oil Posts Worst Quarter Ever as Physical Market Cratered
Tuesday, March 31, 2020 Oil posted the worst quarter on record after the coronavirus crushed demand and raised fears about overflowing storage tanks.
Evacuated FPSO Crew Member Tests Positive for COVID-19
Monday, March 30, 2020 The FPSO Aoka Mizu is operating on the Lancaster field, west of the Shetland Islands. PHOTO SOURCE: Hurricane Energy plc
Oil Down as Broken Market Drowns in Crude
Monday, March 30, 2020 Oil slumped to a 17-year low as coronavirus lockdowns cascaded through the world's largest economies.
US Energy Dominance Under Threat
Monday, March 30, 2020 The United States' energy dominance is now under direct threat, according to six U.S. senators.
Giant Oil Field Boost Is Bad for Market
Monday, March 30, 2020 A torrent of oil from the giant Johan Sverdrup field may not be what the market needs right now.
Covid-19 Delays Cambo Project
Monday, March 30, 2020 Siccar Point and its joint venture partner, Shell UK, have announced the deferral of the planned sanction date for the Cambo project to 2021.
Trump Plans Call With Putin to Discuss Falling Oil Prices
Monday, March 30, 2020 President Donald Trump said he's calling Vladimir Putin on Monday to discuss the oil-price war and the coronavirus pandemic.
BP CEO Says Staff Jobs Safe For at Least Three Months
Monday, March 30, 2020 CEO Bernard Looney made the promise in a live webcast to about 7,000 employees from his apartment in London.
Oil Tumbles to 18-Year Low
Monday, March 30, 2020 While President Trump spoke with Vladimir Putin Monday to discuss the importance of stable energy markets, it did little to stanch the decline.
Oil Set to Eke Out Weekly Gain on Risk Rally
Friday, March 27, 2020 Oil was buoyed by a wider risk rally driven by monetary and fiscal responses to the coronavirus to head for its first weekly gain in five.
Thousands of Texans Already Being Laid Off
Friday, March 27, 2020 Here are some of Rigzone's top stories during the last week, just in case you missed them...
BP Foundation Donates $2MM to Pandemic Fight
Friday, March 27, 2020 The BP Foundation is donating $2 million to the World Health Organization's Covid-19 Solidarity Response Fund.
Oil Braces for Biggest Idling of Wells Since 1986
Friday, March 27, 2020 Oil prices at the well-head are collapsing under the weight of an unprecedented glut.
Saudis Hold Firm, No Talks With Russia on Oil Output Cut
Friday, March 27, 2020 The comments from the Saudi Energy Ministry dispelled speculation that Riyadh and Moscow may be seeking diplomatic talks.
Coronavirus Delays Maintenance Across Oil, Gas Industries
Friday, March 27, 2020 The coronavirus pandemic is delaying vital maintenance across the oil and natural gas industries in Europe and North America.
Action-Packed Week Wraps Up for Oil Market
Friday, March 27, 2020 Rigzone panelists weigh in on oil market hits and misses for the week ending March 27, 2020.
Oil Drops Fifth Straight Week
Friday, March 27, 2020 Oil dipped amid a one-two punch from collapsing demand due to the coronavirus crisis and ballooning supply.
Oil Rally Falters on Demand Dread
Thursday, March 26, 2020 Oil's recovery rally went into reverse as mounting evidence of the demand devastation being wrought by the coronavirus outweighed progress on a U.S. economic rescue package.
Over 1 Million OFS Job Cuts Likely in 2020
Thursday, March 26, 2020 More than one million jobs in the oilfield service industry are likely to be cut in 2020, according to Rystad Energy.
US and Saudi Arabia Talk Oil Stabilization
Thursday, March 26, 2020 U.S. Secretary of State Mike Pompeo revealed Wednesday that he recently spoke with Saudi Crown Prince Mohammed bin Salman Al Saud.
Equinor Launches $3B Action Plan
Thursday, March 26, 2020 Equinor revealed Wednesday that it has launched a $3 billion action plan to strengthen its financial resilience in 2020.
Seadrill Re-Hires Houlihan
Thursday, March 26, 2020 Billionaire John Fredriksen's Seadrill Ltd. re-hired long time adviser Houlihan Lokey Inc. to engage in fresh talks with lenders, people familiar with the situation said.
Saudi-Russia Truce Would Be Too Late to Save OPEC+ Legacy
Thursday, March 26, 2020 Goldman Sachs Group Inc. estimates that inventories will balloon next month at a rate of 20 million barrels a day.
Russia Says Oil Isn't on Agenda for G-20 Call
Thursday, March 26, 2020 Russia said the agenda for the G-20 summit doesn't include a discussion of the oil market, despite the latest collapse in crude prices.
Oil Plunges After IEA Says Demand Is in Free Fall
Thursday, March 26, 2020 Futures in New York tumbled 7.7 percent in New York, dropping for the first time this week.
Bristow Americas Aids in COVID-19 Transport Effort
Wednesday, March 25, 2020 This photo shows one of Bristow's rescue helicopters. PHOTO SOURCE: Bristow Group, Inc.
Oil's 60 Percent Crash Is the Tip of an Iceberg
Wednesday, March 25, 2020 As oil crashes due to the impact of the coronavirus, it's easy to overlook an even more dismal reality for producers - the real prices they're getting for their barrels are worse still.
OGA Reprioritizes in Wake of Virus and Price Drop
Wednesday, March 25, 2020 The UK Oil and Gas Authority has reprioritized in the wake of the coronavirus outbreak and the latest oil price crash.
Oil Down on Collapsing Demand
Wednesday, March 25, 2020 Oil turned lower on an unprecedented hit to consumption.
Oil Market Fears US is Running Out of Storage Space
Wednesday, March 25, 2020 Gauges of the physical market for actual barrels of crude are also pointing to weakness.
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