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Brazil Prepares for 16th Licensing Round
Monday, March 25, 2019 The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) has scheduled its 16th Round of Bids for exploratory blocks for Oct. 10.
Oil Prices Start the Week Mixed
Monday, March 25, 2019 The WTI inched downward and the Brent finished slightly positive.
Commodity Traders Face Bribery and Corruption Probes
Monday, March 25, 2019 The biggest independent oil and metals trading houses are facing bribery and corruption investigations in multiple jurisdictions.
Crude Oil Wavers Amid Recession Fears
Monday, March 25, 2019 Anxious traders weighed a slowdown in the global economy.
$77B Earmarked to Boost China's Domestic Oil Output
Monday, March 25, 2019 China's big three -- PetroChina Co., Sinopec Corp. and Cnooc Ltd. -- are raising combined capital expenditure to about 517 billion yuan ($77 billion), up 18 percent from last year.
Oil Prices Mixed for the Week
Friday, March 22, 2019 Both the WTI and Brent fell Friday, but one remains slightly positive for the week.
US Drops 10 Oil, Gas Rigs
Friday, March 22, 2019 The U.S. scrapped a total of 10 oil and gas rigs this week.
Exxon, Chevron Battle it Out in the Permian
Friday, March 22, 2019 New analysis by Rystad Energy explores which supermajor has the most potential in the prolific Permian Basin.
Oil Set for Third Weekly Gain
Friday, March 22, 2019 Oil is poised for a third weekly advance, buoyed by the biggest drop in American crude stockpiles since July at a time when the OPEC+ coalition is pressing on with its output curbs.
Crude Oil Misses Milestone
Thursday, March 21, 2019 Both the WTI and Brent contracts faltered Thursday.
$2.1B Deal Lets Murphy Focus on One Hemisphere
Thursday, March 21, 2019 Murphy Oil will sell its main Malaysia subsidiaries to PTTEP.
Medco Raises Offer for Ophir Takeover
Thursday, March 21, 2019 Indonesian company Medco has upped its takeover offer for London-based Ophir Energy.
Gulf of Mexico Lease Sale 252 Saw $244.3MM in High Bids
Thursday, March 21, 2019 Thirty companies participated and submitted almost $284 million in all bids for acreage in the federal waters of the Gulf of Mexico.
Texas Posts 15,000+ Industry Jobs During Jan-Feb
Thursday, March 21, 2019 From January through February, there were 90,718 total job postings for the Texas oil and natural gas industry, of which 15,375 were unique.
Oil Stays Above $60
Thursday, March 21, 2019 Oil held above $60 a barrel after the biggest withdrawal of crude in American storage tanks since July raised speculation that global supplies are tightening.
Will the US Ever Become Part of OPEC+?
Thursday, March 21, 2019 Experts weigh in on whether the United States will ever join the OPEC+ group.
Oil Price Clears $60-mark
Wednesday, March 20, 2019 Both the WTI and Brent contract prices finished the day higher.
Trump Guides Don't See High Oil Prices as All Bad
Wednesday, March 20, 2019 Higher oil prices may not always be a bad thing for the U.S. economy, according to a White House report.
$264B Needed to Realize UK's Oil and Gas Vision
Wednesday, March 20, 2019 $264 billion will need to be spent by exploration and production companies in existing operations and new opportunities to realize the UK oil and gas industry's Vision 2035.
Oil and Gas Employs Near 350,000 Texans in 2018
Wednesday, March 20, 2019 The oil and natural gas industry employed over 348,000 Texans in 2018, TXOGA reveals.
Oil's Rally Stalls Near $59
Wednesday, March 20, 2019 Oil's rally stuttered as uncertainty over the status of trade negotiations between the U.S. and China stoked concerns over global economic growth.
Oil Prices Mixed Amid OPEC+ Uncertainty
Tuesday, March 19, 2019 Things may not be what they seem on the OPEC+ production cut front.
Saudi-Russia Alliance Shows Signs of Strain
Tuesday, March 19, 2019 The partnership at the heart of the OPEC+ alliance showed further signs of strain after Russia pressured the Saudi-led group to delay a decision on the future of their production cuts.
When Will the Oil Service Market Match 2014 Highs?
Tuesday, March 19, 2019 When will the global oilfield service sector return to previous highs?
Oil Holds Gains
Tuesday, March 19, 2019 Oil held gains near the highest level this year after OPEC and its partners committed to continue production cuts until at least June.
Oil Price Getting Closer to Key Threshold
Monday, March 18, 2019 WTI and Brent post gains on bullish signs.
Equinor May be Mulling Eagle Ford Sale
Monday, March 18, 2019 Norway's biggest oil company has held talks with potential suitors for its stake in the Eagle Ford business.
Carrizo, SM Energy in Talks to Team Up
Monday, March 18, 2019 The talks come as volatile oil prices put pressure on small and midsize energy explorers to pair up to cut costs.
Monday, March 18, 2019 Oil slipped from near a four-month high as OPEC and its allies met in Azerbaijan Monday and recommended deferring a decision on whether to extend oil production cuts until June.
Market Fundamentals Improving But Much Left to Do
Monday, March 18, 2019 Market fundamentals have been slowly improving since the latter part of last year, but much more work still needs to be done, according to Saudi Arabia's energy minister.
OPEC Can Make or Break Oil's Bull Run
Monday, March 18, 2019 OPEC can make or break oil's bull run, and hedge funds are betting the cartel will keep fueling the rally.
Oil Prices Up for the Week
Friday, March 15, 2019 The WTI is up 4.4 percent and the Brent 2.1 percent.
US Has Fourth Straight Week of Rig Count Declines
Friday, March 15, 2019 The U.S. dropped one oil rig this week.
ABB Execs Talk Tech's Impact on Oil, Gas and More
Friday, March 15, 2019 Rigzone spoke with ABB executives during the CERAWeek by IHS Markit conference about the oil and gas industry's technological evolution and sustainability in the industry.
Oil, Gas Looks to Create Value in Digital Transformation
Friday, March 15, 2019 Now seems to be the perfect time for the oil and gas industry to leverage digital capabilities to achieve success in the digital transformation.
Oil Expected to Rally into Summer
Friday, March 15, 2019 Merill Lynch expects oil to rally into the summer.
Oil Set for Weekly Gain
Friday, March 15, 2019 Oil's poised for the best weekly rally in a month as the world's top crude producers are scheduled to discuss about extending their pledged output curbs to avert a global glut.
Guaido to Appeal $8.7B ConocoPhillips Award
Friday, March 15, 2019 Venezuela's opposition leader Juan Guaido plans to appeal the $8.75 billion award issued to ConocoPhillips by the World Bank's arbitration tribunal last week.
Oil Prices Mixed Amid Elevated Global Stocks
Thursday, March 14, 2019 The WTI continued its ascent but the Brent faltered.
Exxon Plans for $15 per Barrel Permian Costs
Thursday, March 14, 2019 Exxon plans to reduce the cost of pumping Permian oil to about $15 a barrel, a level only seen Middle East oil fields.
Saudis Reluctant to Do Trump's Bidding
Thursday, March 14, 2019 Four months ago, Saudi Arabia's devotion to its decades-old oil partnership with the U.S. was stronger than ever.
Oil Pierces 4-Month High
Thursday, March 14, 2019 Oil held gains after breaching $58 a barrel for the first time this year.
WTI Clears $58
Wednesday, March 13, 2019 The WTI stayed north of $58 Wednesday.
Gulf of Mexico Lease Sale Set for August
Wednesday, March 13, 2019 Lease Sale 253 will be the fifth of 10 offshore lease sales under BOEM's 2017-2022 OCS leasing program.
OPEC Is Said to Warn Wall Street on NOPEC
Wednesday, March 13, 2019 OPEC is sending a clear message to Wall Street banks and big investors.
Venezuela Ordered to Pay ConocoPhillips $8.7B
Wednesday, March 13, 2019 An international arbitration tribunal has unanimously ordered the government of Venezuela to pay ConocoPhillips $8.7 billion.
Oil Extends Gains
Wednesday, March 13, 2019 Crude rose for a third day after an industry report showed an unexpected drop in U.S. stockpiles at a time when the world's top producers are said to be looking at a plan to extend their output curbs.
What Does an Election Mean for UK Oil and Gas?
Wednesday, March 13, 2019 If there was a general election in the not too distant future, what would it mean for the UK oil and gas industry?
Oil Prices Up Slightly Amid Precarious Saudi Path
Tuesday, March 12, 2019 Firms such as ExxonMobil and Chevron are becoming OPEC by a different name, says analyst.
Chevron CEO Talks Permian, Diversity at CERAWeek
Tuesday, March 12, 2019 Chevron's Mike Wirth speaks about the surge in Permian production and why the company hasn't forgotten about its other resources.