US and Australia Sign SPR Lease Agreement
Thursday June 04, 2020 - The United States has finalized a Strategic Petroleum Reserve lease agreement with Australia.
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Petrofac Win Builds on Decade-long Iraq Presence
Friday, June 05, 2020Here is a recap of some of the most popular downstream-related articles on Rigzone from the past week.
Oil Up as OPEC+ Nears Cut Extension Deal
Friday, June 05, 2020Oil was headed for a sixth weekly gain after OPEC+ reached a tentative agreement to extend record production cuts until the end of July.
Occidental Petroleum Hit with Litigation
Friday, June 05, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them...
Wood Pledges 40 Percent Cut in Carbon Emissions
Friday, June 05, 2020Wood has pledged to set a science-based target to reduce its scope 1 and 2 greenhouse gas emissions by 40 percent by 2030.
Offshore Oil's $105B Hangover Compounds Industry Woes
Friday, June 05, 2020Abandonment costs may haunt the industry in the years to come.
Frac Spread Count May Have Hit Trough
Friday, June 05, 2020Rigzone panelists highlight their perspectives on the top oil market hits and misses for the week ending June 5, 2020.
Oil Posts Sixth Weekly Gain
Friday, June 05, 2020A US jobs report beat analysts' forecasts, adding to a rally fueled by a tentative OPEC+ deal to extend output cuts.
Lawsuit Challenges FERC on Latest Jordan Cove LNG Approval
Thursday, June 04, 2020The project is supposed to feature an LNG export terminal and a gas pipeline in Oregon.
Prosafe Gets Extension on Forbearance Agreement
Thursday, June 04, 2020The extension is through the end of June.
Modglin to Lead Texas Energy Group
Thursday, June 04, 2020The Texas Alliance of Energy Producers has hired Jason Modglin as the Austin-based organization's new president.
Texas Energy Extern Training Goes Virtual
Thursday, June 04, 2020The above screenshot shows some of this year's IPAA/PESA Energy Education Center Extern Program participants. IMAGE SOURCE: IPAA
Orphan Well Stimulus Would Employ Displaced Workers
Thursday, June 04, 2020Proponent says it would put thousands back to work plugging wells and restoring land.
Oil Down on OPEC+ Discord and US Demand Data
Thursday, June 04, 2020Oil retreated as OPEC+ unity was threatened by a long-running feud over complying with production cutbacks, while U.S. data cast doubt on the strength of the demand recovery.
Traders Ask Why US Inventory Math Does Not Add Up
Thursday, June 04, 2020Oil traders and analysts scrutinizing U.S. inventory data for signs of a market recovery are being confronted by an odd situation.
OPEC+ Deal Threatened
Thursday, June 04, 2020The deal to extend the cuts that saved the markets from self-destruction has been threatened.
US and Australia Sign SPR Lease Agreement
Thursday, June 04, 2020The United States has finalized a Strategic Petroleum Reserve lease agreement with Australia.
OPEC+ Talks Deadlock as Iraq is Slow With Output Cuts
Thursday, June 04, 2020Iraq said it will only be able to reach its output target at the end of July.
Oil's Recovery Is Being Rattled by OPEC+ Discord
Thursday, June 04, 2020Oil's recovery is being frustrated by a standoff between some of the world's biggest crude producers.
Greenlee Retiring as President of ExxonMobil Upstream Business
Wednesday, June 03, 2020He plans to retire in July after more than 38 years of service with the company.
Pioneer Energy Emerges From Chapter 11
Wednesday, June 03, 2020The restructuring slashed the company's debt by about $267 million.
McDermott Divests Pipe Fabrication Business
Wednesday, June 03, 2020Ithaca Acquisition Holdings has completed its acquisition of the former pipe fabrication assets of The Shaw Group from McDermott International, Inc.
Cooksen Joins Targa Board
Wednesday, June 03, 2020Targa Resources Corp. has elected Lindsey M. Cooksen to its board of directors, increasing the size of its board from 11 to 12 members.
Brent Over $40 as OPEC+ Cut Extension Looks Likely
Wednesday, June 03, 2020Brent oil rose above $40 a barrel for the first time in almost three months.
OPEC+ Edges Closer to Compromise
Wednesday, June 03, 2020OPEC and its allies edged closer to a consensus on extending production cuts to prop up the oil market.
Analysts Increase Oil Price Forecast
Wednesday, June 03, 2020Analysts at Fitch Solutions Country Risk and Industry Research have increased their forecast for the price of Brent crude oil in 2020.
OPEC+ Meeting in Doubt
Wednesday, June 03, 2020A meeting between OPEC and its allies this month was in doubt as Saudi Arabia and Russia drew a hard line over quota cheating by some nations.
Global Gas Market Still Extraordinarily Oversupplied
Wednesday, June 03, 2020Unlike the oil market, there's been no sign of a coordinated response to address the gas glut.
Oil Rally Hinges on Next OPEC+ Meeting
Wednesday, June 03, 2020Futures in New York fluctuated between gains and losses amid the conflicting market signals.
Taproot Inks DJ Basin Deal With Mallard Exploration
Tuesday, June 02, 2020The new agreement increases Taproot's total dedicated acreage to over 200,000 gross acres.
Halliburton Launches Wireless Depth Correlation System
Tuesday, June 02, 2020Operators can measure depth in real time while tracking changes in position to improve efficiency.
3D Scanning Offers Path to Remote Asset Management
Tuesday, June 02, 2020One application that 3D scanning facilitates is performing virtual inspections
Oil Up With OPEC+ Production Cut Decision in Focus
Tuesday, June 02, 2020Oil edged higher as the market waited to see if OPEC and its allies will extend record production curbs.
Putin and Trump Discuss OPEC+ Deal
Tuesday, June 02, 2020Vladimir Putin and Donald Trump discussed the OPEC+ deal just days before the producers' alliance meets to discuss the future of its output cuts.
Refiners Hit Hard by Fuel Demand Destruction
Tuesday, June 02, 2020Refiners around the world have been hit hard by fuel demand destruction caused by lockdowns and stringent travel restrictions, according to GlobalData.
Seadrill to Delist from NYSE
Tuesday, June 02, 2020Seadrill Limited has revealed that it will delist from the New York Stock Exchange.
Shale Oil Production Bouncing Back With Prices
Tuesday, June 02, 2020Early signs of a shale rebound are becoming evident as crude prices recover.
Oil's Comeback Uplifts US Shale, Complicates OPEC+ Task
Tuesday, June 02, 2020Futures settled at their highest since March 6 on Tuesday.
US Rig Count Still in Freefall at 301
Monday, June 01, 2020Year on year, the US oil rig count is down 578.
Pump Price Uptick Poised to Continue
Monday, June 01, 2020Rigzone panelists offer their recommendations on what to watch in the oil market this week.
Oil Steady as Demand Risks and OPEC+ Signs Weighed
Monday, June 01, 2020Oil steadied after a fifth weekly gain as investors weighed the demand threats from unrest in the U.S. and deteriorating relations between Washington and Beijing against signs that OPEC+ may extend supply cuts.
OPEC+ to Discuss Production Cut Extension
Monday, June 01, 2020OPEC+ is set to discuss a short extension of its current output cuts, according to a delegate.
Oil Demand Expected to Fall 11.5 Percent
Monday, June 01, 2020Global oil demand will decrease by 11.5 percent year on year, according to Rystad Energy's latest demand forecast.
Oil Rally Fizzles
Monday, June 01, 2020Oil futures settled slightly lower in New York on Monday amid mixed signals from OPEC and its confederates about the timing of their next discussions.
BP America Names New Chairman, President
Friday, May 29, 2020Susan Dio, a 36-year veteran of the company, will retire later this year.
Oxy Faces Investor Lawsuit Over Anadarko Acquisition
Friday, May 29, 2020Investors claim they lost billions when Oxy overleveraged itself after its Anadarko acquisition.
MRC Global's CEO to Retire in 2021
Friday, May 29, 2020The board of directors will begin a CEO selection process this year.
June Could Bring Crude Oversupply Reversal
Friday, May 29, 2020Check out this review of the most viewed downstream-related Rigzone articles from the past week.
Suttles to Take on Additional Role at Ovintiv
Friday, May 29, 2020Ovintiv CEO Doug Suttles will assume the responsibilities of president upon the retirement of Michael McAllister.
Oil Trims Biggest Monthly Gain on US-China Anxiety
Friday, May 29, 2020Oil trimmed its biggest monthly advance on record as crude was swept up in the broader negative sentiment around deteriorating U.S.-China relations.
China Tensions Risk $52B in US Energy Sales
Friday, May 29, 2020China is already lagging behind its promise to buy $52 billion worth of U.S. oil, gas and other energy products.
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