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Rigzone.com: Industry Headlines

The latest upstream oil and gas news from around the world.

Operators are testing the oil potential of the STACK and SCOOP plays as they seek E&P opportunities that work in a lower oil price environment.
Posted: August 25, 2016, 12:00 am
Your input is important for a new DownstreamToday initiative.
Posted: August 25, 2016, 12:00 am
Technology innovation is one strategy ConocoPhillips is pursuing to create a business sustainable through market cycles.
Posted: August 25, 2016, 12:00 am
Seadrill says the oil industry may be turning a corner as it posts Q2 earnings above forecasts.
Posted: August 25, 2016, 12:00 am
Bangkok is about to become a very important destination for sellers of liquefied natural gas.
Posted: August 25, 2016, 12:00 am
Against a backdrop of historic flood damage, the first federal offshore oil and gas lease sale broadcasted on the internet delivers two dozen offers.
Posted: August 24, 2016, 12:00 am
Exxon Mobil Corp.'s partner in a $15 billion liquefied natural gas export project in Papua New Guinea sees Asian buyers pushing back on the pricing and structure of LNG contracts as a glut of supply gives them greater bargaining power.
Posted: August 24, 2016, 12:00 am
A production freeze at record volumes might not do much to stabilize a market that appears to be stabilizing itself, but it could signal OPEC's return to relevance.
Posted: August 24, 2016, 12:00 am
Egypt's oil and gas industry is set to grow within the next five years, bringing with it increased production and more jobs, SDX CEO Paul Welch says.
Posted: August 24, 2016, 12:00 am
Oil prices fall immediately following the release of the EIA's Weekly Petroleum Status Report.
Posted: August 24, 2016, 12:00 am
Saudi Arabia's powerful Deputy Crown Prince Mohammed bin Salman will discuss the kingdom's drive to cut its reliance on oil exports in visits to China and Japan that begin next week, Saudi media and sources say.
Posted: August 24, 2016, 12:00 am
Investment in Norway's oil and gas sector will drop next year as weak crude prices push energy companies to rein in their budgets.
Posted: August 24, 2016, 12:00 am
PDC Energy said it would buy two privately held companies for about $1.5 billion to add acreage in the Delaware Basin in Texas.
Posted: August 23, 2016, 12:00 am
Oil prices rise after Reuters reports Iran was sending positive signals that it may support joint OPEC action to prop up the market.
Posted: August 23, 2016, 12:00 am
China is throwing the world's leaders a party, and oil bulls may be hit with the hangover.
Posted: August 23, 2016, 12:00 am
Mexico's oil regulator approves auction terms and contracts for a dozen onshore oil and gas fields.
Posted: August 23, 2016, 12:00 am
Statoil will carry out staffing adjustments from 2016 to 2019, according to a company spokesperson.
Posted: August 23, 2016, 12:00 am
The ability to gather insights from historical data and current data can help operators cope in the current low oil price environment.
Posted: August 23, 2016, 12:00 am
Oil settles down more than 3 percent, retreating from last week's two-month highs, on worries about burgeoning Chinese fuel exports, more Iraqi and Nigerian crude shipments and a rising U.S. oil rig count.
Posted: August 22, 2016, 12:00 am
An engineer chose to author a children's book about oil and gas to portray a more positive side to the industry.
Posted: August 22, 2016, 12:00 am
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