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IHS Markit Raises Oil Price Forecast
Friday, August 07, 2020IHS Markit has raised its 2020 average Brent price outlook by $7+ per barrel.
Profit Warnings Soar for UK Oil Cos
Friday, August 07, 2020UK listed oil and gas companies issued more profit warnings in the second quarter of this year than the whole of 2019.
Oil Set for Weekly Gain
Friday, August 07, 2020Oil in New York is poised for the biggest weekly advance since early July after U.S. stockpiles plunged further.
XOM Tears Up Debt Fueled Plan
Friday, August 07, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them...
Iraq Commits to Deep Oil Cuts
Friday, August 07, 2020Iraq made its strongest commitment yet to implement deep cuts in crude production after the country's oil minister and his Saudi counterpart held a phone call Thursday.
Turkey Resumes Offshore Exploration
Friday, August 07, 2020Turkey resumed oil and gas exploration in the Mediterranean Sea days after the government said it would delay offshore surveys to seek a diplomatic resolution with Greece.
Oil and Gas Drilling Collapse Deepens in July
Friday, August 07, 2020The number of rigs drilling for oil and gas set a fresh record low in July.
What Do Oil Groups Think of Biden Energy Plan?
Thursday, August 06, 20202020 president hopeful Joe Biden unveiled his clean energy plan in July.
Oil Up with US Stockpiles Shrinking
Thursday, August 06, 2020Oil extended gains after closing near a five-month high in New York on Wednesday.
NOPSEMA OKs Shell Crux Proposal
Thursday, August 06, 2020NOPSEMA has accepted an Offshore Project Proposal from Shell Australia to develop the Crux gas field in the Browse Basin.
OGUK and SDS Support Redundant Workers
Thursday, August 06, 2020Industry body Oil & Gas UK has partnered with Skills Development Scotland to signpost support for oil and gas workers impacted by redundancy.
Exxon Says 20 Percent of Reserves Threatened
Thursday, August 06, 2020Exxon Mobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books.
Assessing BP's New Goals
Thursday, August 06, 2020BP has gone further than any oil company but there are areas of concern.
Oil Oscillates Between Gains and Losses
Thursday, August 06, 2020Oil oscillated between gains and losses as an uncertain economic outlook overshadowed signals of a tighter crude market with Iraq pledging to make extra output cuts this month.
Oil Steady After Longest Rally Since June
Wednesday, August 05, 2020Oil was steady after the longest run of gains in six weeks on signs U.S. crude stockpiles extended declines.
BP Oil Business Will Shrink Dramatically
Wednesday, August 05, 2020BP's oil and gas business will shrink dramatically, while its low carbon business will grow strongly.
OGUK Launches Forum to Help SMEs
Wednesday, August 05, 2020Industry body Oil & Gas UK has launched a new forum dedicated to helping small and medium-sized businesses navigate the downturn.
Gulf of Mexico Operator Files Chapter 11
Wednesday, August 05, 2020Fieldwood Energy has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code.
Brent Tops $45
Wednesday, August 05, 2020Oil climbed to a five-month high in London.
Supermajor Era Ends for BP
Wednesday, August 05, 2020BP's CEO declared Tuesday the company would be a supermajor no more.
NEO Energy Wraps Up North Sea Total Deal
Tuesday, August 04, 2020NEO Energy has completed the acquisition of a portfolio of operated and non-operated assets in the UK North Sea from Total Oil UK Ltd and Total E&P North Sea UK Ltd.
BP Cuts Dividend for First Time Since 2010
Tuesday, August 04, 2020BP cut its dividend for the first time in a decade, removing a cornerstone of its investment case.
Oil Flat as OPEC Supply Offsets Economic Gains
Tuesday, August 04, 2020Oil held near $41 a barrel in New York after the biggest gain in two weeks.
OGTC Launches Virtual Hackathon
Tuesday, August 04, 2020The Oil & Gas Technology Centre has launched its first virtual hackathon event.
Cigarettes and Alcohol Top Gasoline in $21B Deal
Tuesday, August 04, 2020This year's biggest energy deal is more about alcohol and cigarettes than gasoline.
Land Rig Uptick Could Emerge Next Year
Monday, August 03, 2020Here is a preview of what to watch this week in the oil and gas markets.
Libya NOC Calls for Demilitarization of Oil Assets
Monday, August 03, 2020Libya's National Oil Corporation has called for the 'demilitarization' of oil facilities.
Halliburton Launches Innovation Lab
Monday, August 03, 2020Halliburton has announced the creation of Halliburton Labs.
Oil Dips as OPEC+ Starts to Unwind Cuts
Monday, August 03, 2020Oil edged below $40 a barrel in New York as OPEC and allied producers started supplying more crude to a global market where many countries are still struggling to contain the coronavirus.
Marathon Petroleum Announces $21B Sale
Monday, August 03, 2020Marathon Petroleum has entered into a definitive agreement with 7-Eleven for the sale of Speedway for $21 billion in cash.
Crisis Presents BP CEO With Chance to Change
Monday, August 03, 2020The crisis is giving Looney the opportunity to accelerate the big changes needed to fulfill his vision.
$2.1B Texas Project Undergoes Inspections
Friday, July 31, 2020Here is a recap of popular Rigzone articles from the past week corresponding to the downstream.
UKCS Hits Target 3 Years Early
Friday, July 31, 2020The production efficiency of the UK Continental Shelf has reached 80 percent, three years ahead of target.
Oil Set for 3rd Monthly Gain
Friday, July 31, 2020Oil is set for a third monthly advance in New York before OPEC+ starts returning supply to the market.
OPEC+ Prepares to Pump More Oil
Friday, July 31, 2020From quiet skies over Europe to sparse traffic in America's biggest cities, a recovery in global oil demand is faltering.
SLB Cutting Thousands of Jobs
Friday, July 31, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them...
Oil Inventory Data Prompt Reminiscing
Friday, July 31, 2020Rigzone panelists offer their insights on the top oil market hits and misses for the week ending July 31, 2020.
GM Plans National EV Charging Network
Friday, July 31, 2020The automaker plans to spend $20 billion developing electric and autonomous vehicles.
How Many Oil Jobs Did Texas Lose in 1H?
Thursday, July 30, 2020According to TIPRO's latest mid-year energy report, Texas has lost over 39,000 direct oil and natural gas jobs in the first half of 2020.
Trading Bonanza Saves Quarter for Shell and Total
Thursday, July 30, 2020Royal Dutch Shell Plc and Total SE were saved from what many feared would be the worst quarter ever for the oil and gas industry.
DOE Releases Policy Extending LNG Export Term
Thursday, July 30, 2020The U.S. Department of Energy is issuing a final policy statement that allows for LNG exports to non-free trade agreement countries to be extended to 2050.
Covid-19 is the Elephant in the Room
Thursday, July 30, 2020Covid-19 is the elephant in the room and the U.S. death toll passing the milestone of 150,000 has spread concern to every kind of market.
Shale Drillers Signal Bleak 2020
Thursday, July 30, 2020Three shale explorers signaled a grim rest of 2020 for the U.S. oil patch.
This LNG Scenario Would Boost Canada Jobs
Wednesday, July 29, 2020Employment would notably increase in Canada in an investment scenario that creates an LNG industrial capacity of 56 million tons per annum in British Columbia.
Oil Holds Loss as Focus Turns to Stockpiles
Wednesday, July 29, 2020Oil held a loss to trade near $41 a barrel after analysts forecast U.S. crude stockpiles continued to swell last week.
Spirit Extends Life of North Sea Field
Wednesday, July 29, 2020Spirit Energy revealed Wednesday that its York gas field in the Southern North Sea has been given an additional three years of life.
Trump Heads to Texas
Wednesday, July 29, 2020President Donald Trump will look to deep-pocketed energy barons to help jump start his re-election campaign.
Rystad Foresees New Oil Supply Glut
Wednesday, July 29, 2020A new four-month oil supply glut should result from the partial return in August of curtailed OPEC+ production, Rystad Energy predicts.
Oil Kept Afloat by Dovish Fed and Weak Dollar
Tuesday, July 28, 2020Oil edged lower but was still near a four-month high.
Deutsche Bank Drops Some Oil Financing
Tuesday, July 28, 2020Deutsche Bank has adopted a new fossil fuels policy.