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Rigzone.com: Latest News Headlines



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



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Oil Near $52 After Industry Data Shows Crude Stockpile Draw

Tue, 17 Oct 2017 00:00:00 GMT

Oil was little changed after an industry report was said to show US crude stockpiles fell, while supplies of products gained.



Emerson Expands Technology Footprint, Acquires Paradigm

Tue, 17 Oct 2017 00:00:00 GMT

Emerson has agreed to acquire Paradigm, a leading provider of software solutions for the oil and gas industry.



Capline Owners Gauge Interest in Pipeline Reversal

Tue, 17 Oct 2017 00:00:00 GMT

Marathon Pipe Line, Plains All American, BP may convert crude pipeline's flow from northbound to southbound.



Avenue Capital Urges Ocean Rig To Hire Advisers

Tue, 17 Oct 2017 00:00:00 GMT

Ocean Rig UDW's fifth-biggest investor Avenue Capital Group urged the offshore driller to hire advisers to review 'opportunities.'



CEO: MET International Plans To Boost LNG Trades In 2018

Tue, 17 Oct 2017 00:00:00 GMT

MET International AG plans to boost its LNG trades in Europe next year.



Russia's Novatek Says Yamal LNG Seen Expanding By 1 Million Tonnes

Tue, 17 Oct 2017 00:00:00 GMT

Novatek plans to expand the Yamal LNG project by one more train.



Small-Scale FLNG Consortium Eyes Australia Pilot Site

Tue, 17 Oct 2017 00:00:00 GMT

Norway's Add Energy, Australia's Transborders Energy and other partners will pick a site early next year for a low-cost FLNG development.



China's CEFC Eyes Big League With Rosneft Oil Offtake Deal

Tue, 17 Oct 2017 00:00:00 GMT

For China, the world's top crude importer, having access to Russian oil would be a big step towards its ambition to create a globally integrated oil supply chain.



Newest Outpost For US Crude Exports: India

Tue, 17 Oct 2017 00:00:00 GMT

India is set to emerge as a key market for American crude exports in coming months.



Wood to Design Pioneering LNG Platform

Tue, 17 Oct 2017 00:00:00 GMT

Offshore facility to liquefy, store gas from Texas' Permian Basin.



Shell Shale Leader Discusses the 'Non-Moonshot'

Tue, 17 Oct 2017 00:00:00 GMT

Collaboration, repurposing tech will help company to achieve 'shale field of the future,' says exec.



Total's CEO Says Will Try To Move Ahead With Iran Gas Project

Tue, 17 Oct 2017 00:00:00 GMT

Total will try to push ahead with its Iran gas project if the United States decides to impose unilateral sanctions on Teheran.



Goldman Sees Geopolitics Haunting Oil Again With Unclear Effects

Tue, 17 Oct 2017 00:00:00 GMT

The oil market is grappling with intensifying geopolitical risks.



Iraq Aims To Double Kirkuk Oil Output Capacity To More Than 1 MMbpd

Tue, 17 Oct 2017 00:00:00 GMT

Iraq plans to contract a foreign oil company to almost double the oil production capacity of the northern Kirkuk fields.



Oil Rises 1% As Iraq Fighting Shuts Output In Kirkuk

Mon, 16 Oct 2017 00:00:00 GMT

Crude prices rises 1% as Iraqi forces entered the oil-rich city of Kirkuk.



Asia Oil Buyers Turn To US In Hunt For Cheap Supply

Mon, 16 Oct 2017 00:00:00 GMT

Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year.



Russell: China Crude Oil Storage Splurge Is OPEC's Best Friend

Mon, 16 Oct 2017 00:00:00 GMT

China's crude oil imports surged to the second-highest on record in September, but this isn't a sign of supercharged demand in the world's second-biggest economy.



BP Midstream Partners Seeks To Raise Up To $893MM In IPO

Mon, 16 Oct 2017 00:00:00 GMT

BP Midstream Partners says it expects to raise up to $893 million from its initial public offering.



China's Hengyi Opens Singapore Trade Office For Brunei Oil-Petchem Project

Mon, 16 Oct 2017 00:00:00 GMT

Hengyi Group has started a trading office in Singapore to buy crude and trade oil products from its $3.4B Brunei project, company officials say.



EU Imposes Oil Embargo On North Korea In Symbolic Gesture

Mon, 16 Oct 2017 00:00:00 GMT

The European Union banned the sale of oil and oil products to North Korea.