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Rigzone.com: Industry Headlines

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

The oil industry may be ready to open its wallet after two years of slashing investments.
Posted: September 23, 2016, 12:00 am
Statoil has vowed to improve helicopter safety following the release of an investigation into a fatal helicopter crash which occurred on the NCS earlier this year.
Posted: September 23, 2016, 12:00 am
McDermott International official says Altamira facility workers a "revelation" and part of facility's success.
Posted: September 23, 2016, 12:00 am
Saudi Arabia has offered to lower its own oil production if rival Iran agrees to cap its output this year, in a major compromise ahead of talks in Algeria next week.
Posted: September 23, 2016, 12:00 am
Some unnamed sources say Saudi Arabia may be willing to cut its production, but non-OPEC member Russia says production cuts off the table.
Posted: September 23, 2016, 12:00 am
Japan plans to rush through a bill to provide more financial muscle for its companies to compete for global energy assets, just as other resource-hungry Asian economies such as China and India are also looking to snap up depressed oil assets.
Posted: September 23, 2016, 12:00 am
As OPEC prepares to meet in Algiers next week, the oil market is reminding the group's members what's at stake if they fail to reach a deal.
Posted: September 23, 2016, 12:00 am
Pioneer Natural Resources CEO Scott Sheffield shares important lessons learned in the oil patch with audience at Deloitte conference in Houston.
Posted: September 23, 2016, 12:00 am
Oil prices tumble following signs that Saudi Arabia and Iran continue to disagree over output limits ahead of a meeting next week aimed at freezing production.
Posted: September 23, 2016, 12:00 am
Striking Wood Group employees have reached a deal with the company following a revised proposal from the oil services group, Wood Group confirmed Thursday.
Posted: September 22, 2016, 12:00 am
Oil prices rally again, boosted for a second day by U.S. government data that showed a surprising crude inventory drop, but crude futures pared gains as traders worried that OPEC was not nearing an agreement to reduce a global glut.
Posted: September 22, 2016, 12:00 am
OPEC members Saudi Arabia and Iran, whose rivalry derailed an oil supply accord earlier this year, met in Vienna a week before the organization holds talks in Algeria.
Posted: September 22, 2016, 12:00 am
Gabon oil workers will stay at home from Thursday over concerns about potential violence when a court delivers a final verdict on the central African country's disputed election result.
Posted: September 22, 2016, 12:00 am
With more sand used to produce more oil from a single well, demand is increasing and stands to bring jobs back to the oil patch.
Posted: September 22, 2016, 12:00 am
Citing low oil prices and unfavorable economic conditions, Freeport-McMoRan Oil and Gas will lay off more employees in Houston.
Posted: September 22, 2016, 12:00 am
The Organization of Petroleum Exporting Countries (OPEC) will not impose a production freeze at a meeting next week, say oil and gas analysts at FirstEnergy Capital.
Posted: September 22, 2016, 12:00 am
French oil and gas giant Total raised its savings target and lowered its investment forecast in further moves to weather prolonged oil price weakness.
Posted: September 22, 2016, 12:00 am
Oil markets were anticipating fairly robust inventory drawdowns after the API released its estimates for the week ending Sept. 16.
Posted: September 21, 2016, 12:00 am
A "very informal, very unscientific survey" suggests some optimism returning to Marcellus/Utica.
Posted: September 21, 2016, 12:00 am
ExxonMobil's Rob Gardner says the world's energy demand will be driven primarily by population and economic growth.
Posted: September 21, 2016, 12:00 am
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