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Rigzone.com: Latest News Headlines



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



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Saudi Arabia Says Foils Bombing Attempt on Aramco Fuel Dist. Terminal

Wed, 26 Apr 2017 00:00:00 GMT

Saudi forces have foiled an attempt to blow up an Aramco fuel terminal in southern Saudi Arabia using a high-speed boat laden with explosives, the interior ministry said on Wednesday.



Azeri Firm SOCAR to Start Building Cote d'Ivoire LNG Terminal This Year

Wed, 26 Apr 2017 00:00:00 GMT

Azeri state energy firm SOCAR's trading arm plans to start construction of an LNG terminal in Cote d'Ivoire by the end of 2017 with Total and Shell, a SOCAR Trading official said on Wednesday.



Maiden Bakken Oil Cargo to Asia Ships Out, with More to Come

Wed, 26 Apr 2017 00:00:00 GMT

It's expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May.



Europe Lures Rare Diesel Cargoes from U.S. East Coast

Wed, 26 Apr 2017 00:00:00 GMT

U.S. East Coast refineries are stepping up exports of diesel despite a regional deficit of the fuel as strong overseas demand, particularly in Europe, is proving more profitable.



Oil Prices Stable After Big Draw In US Crude Inventories

Wed, 26 Apr 2017 00:00:00 GMT

Oil prices rebounded from early losses after US government data showed a larger-than-expected falloff in crude inventories.



Oil Tankers Threaten Endangered Orcas, Tribes Say in Lawsui

Wed, 26 Apr 2017 00:00:00 GMT

Killer whales in the waters west of Seattle face heightened risk from an increased traffic of tankers that will carry oil from Kinder Morgan Inc.'s $5.4 billion Trans Mountain Pipeline expansion, claim two Native American organizations.



Oil Supermajors Dig Out of Doldrums as Cash Poised to Surge

Wed, 26 Apr 2017 00:00:00 GMT

Big Oil's struggle against crude's collapse is starting to ease, giving some companies enough cash to pay shareholders without piling on more debt.



OPEC Ministers to Meet Russia Amid Push to Extend Cuts

Wed, 26 Apr 2017 00:00:00 GMT

The energy ministers of OPEC members Saudi Arabia and Venezuela plan to meet their Russian counterpart to discuss extending oil-output cuts.



Trump Order Aims To Allow Drilling At National Monuments

Wed, 26 Apr 2017 00:00:00 GMT

Trump signs an executive order to identify national monuments that can be rescinded or resized - part of a broader push to open up more federal lands to drilling, mining and other development.



US E&Ps Can Turn A Profit On $50 to $60 Oil, Barclays Finds

Wed, 26 Apr 2017 00:00:00 GMT

Declining development costs and capital efficiency improvements position US E&P companies to earn solid returns at $50 to $60 per barrel oil prices, says Barclays' report.



Saudi Arabia Seen Losing Market Share to Iran, Iraq on Oil Cuts

Wed, 26 Apr 2017 00:00:00 GMT

Saudi Arabia, the world's biggest crude exporter, is losing market share to Iraq and Iran.



BHP Billiton Puts US Shale Gas Assets On The Block Again

Wed, 26 Apr 2017 00:00:00 GMT

BHP Billiton has put its Fayetteville shale gas assets in the United States back on the block.



Tullow Says Promoting CEO To Chairman Best For Company

Wed, 26 Apr 2017 00:00:00 GMT

Tullow proposes to appoint its outgoing CEO as chairman.



Cenovus Energy Posts Smaller-Than-Expected Quarterly Loss

Wed, 26 Apr 2017 00:00:00 GMT

Cenovus Energy reports a smaller-than-expected quarterly loss as operating costs fell, while oil sands production rose.



Hess Reports Smaller Loss As Oil Prices Rise, Costs Fall

Wed, 26 Apr 2017 00:00:00 GMT

Hess reports a smaller quarterly loss as a rise in oil prices and fall in costs helped the US oil producer offset a drop in production.



LNG Has Become a White House Favorite for Promoting Energy Jobs

Wed, 26 Apr 2017 00:00:00 GMT

Trump's administration is waking up to the potential jobs bonanza offered by the two dozen applications to build LNG export terminals under review.



Oil Tankers to Cruise Ships Fueled by LNG Offer Hope on Glut

Wed, 26 Apr 2017 00:00:00 GMT

The number of LNG-fueled ships will more than double to 200 by 2020 from 77 last year and just five in 2005, according to London-based Energy Aspects.



Feasibility Study for Rosneft/Exxon Russia LNG Plant Seen by Mid-2017-Ifax

Tue, 25 Apr 2017 00:00:00 GMT

A feasibility study for an LNG plant in Sakhalin, designed by Russia's Rosneft and USA's ExxonMobil, should be ready by the middle of 2017, Interfax reported on Tuesday, citing Rosneft materials.



Kinder Morgan Canada Files for IPO to Raise Trans Mountain Funds

Tue, 25 Apr 2017 00:00:00 GMT

The Trans Mountain expansion will nearly triple the size of Kinder Morgan's existing pipeline and ship 890,000 barrels a day of crude from Edmonton, Alberta, to Barnaby, British Columbia.



Oil Breaks Losing Streak Ahead Of US Inventory Data

Tue, 25 Apr 2017 00:00:00 GMT

Oil prices edged up in volatile trading, rebounding from six days of losses.