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Preview: Rigzone.com: Latest News Headlines

Rigzone.com: Latest News Headlines



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



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OPEC Oil Cut Extension Renews Asia's Crude Supply Worries

Fri, 26 May 2017 00:00:00 GMT

In physical markets, where tankers can take weeks or months to deliver crude oil, refiners want to know if they will be forced to search for new suppliers.



Colorado Oil Tank Fire Kills One, Injures Three

Fri, 26 May 2017 00:00:00 GMT

A blaze engulfed a Colorado oil tank battery on Thursday, killing one worker and injuring three, authorities said.



No New Demand, More Supply Leaves Spot Price Languishing

Fri, 26 May 2017 00:00:00 GMT

Asian LNG spot prices have fallen due to a lack of significant new demand from the Middle East and others as supplies emerged from Papua New Guinea, Angola, Abu Dhabi and Russia.



Renewable Energy Sector Added Jobs during Downturn

Fri, 26 May 2017 00:00:00 GMT

A new report from the International Renewable Energy Agency found that despite a tough oil and gas climate, jobs in renewables increased in 2016.



Op-Ed: Crude Export Habits Could Factor Into OPEC's Oil Balancing Act

Fri, 26 May 2017 00:00:00 GMT

With the US entrance into the crude oil exporting market and little change in global loading, production may not be the only weight on commodity prices and crude oversupply.



Gas Shipper Flex LNG Signs Deals to Buy Six New Vessels

Fri, 26 May 2017 00:00:00 GMT

The Oslo-listed company is betting on increasing fuel demand from Britain and other countries, its chief executive told Reuters.



Commodity Weekly: OPEC's Announced Cut Extensions Fail To Buoy Markets

Fri, 26 May 2017 00:00:00 GMT

OPEC announcement to extend output cut an additional 9 months fails to convince oil markets - prices fall 5%.



China's Teapot Refiners Set to Slow Crude Imports as Tanks Overflow

Fri, 26 May 2017 00:00:00 GMT

The move by China's so-called "teapots", a key driver of the country's crude appetite, will stir concerns about demand in the world's top oil buyer.



Saudi Aramco to Spend $18B on Growth in the Americas -Motiva

Fri, 26 May 2017 00:00:00 GMT

Motiva called the $18 billion estimate "a general framework of opportunities."



Nigeria Oil Governance Bill Aims To Break Up State Oil Company NNPC

Fri, 26 May 2017 00:00:00 GMT

The long-awaited oil governance bill passed by Nigeria's upper chamber of parliament proposes breaking up the state oil company.



Uganda, Tanzania Sign Deal for World's Longest Heated Pipeline

Fri, 26 May 2017 00:00:00 GMT

The framework agreement is a a key milestone for the project, which is expected to start pumping Ugandan oil to international markets in three years



Total CEO Says OPEC Cut Decision Gives Visibility Until At Least 2018

Fri, 26 May 2017 00:00:00 GMT

The decision by oil producing countries to extend the production cut agreement by 9 months gives the market much needed visibility until at least 2018.



Kinder Commits to Pipe Linking Oil-Sands Crude to Asian Markets

Fri, 26 May 2017 00:00:00 GMT

The Houston-based company announced its final investment decision for the Trans Mountain expansion project Thursday.



Electric Cars Seen Cheaper Than Gasoline Models Within a Decade

Fri, 26 May 2017 00:00:00 GMT

Now research from Bloomberg New Energy Finance indicates that falling battery costs will mean electric vehicles will also be cheaper to buy in the U.S. and Europe as soon as 2025.



Remote Operations Center Guide: Enter & Navigate the ROC World

Fri, 26 May 2017 00:00:00 GMT

Rigzone's guide to remote operations centers in the oil and gas industry.



SNP MP: Scottish Oil Sector Growing, People Returning to Work

Fri, 26 May 2017 00:00:00 GMT

Scotland's oil and gas sector is emerging from the downturn, businesses are growing in confidence and people are getting back into work after a tough couple of years.



Big Drop in US Oil Stocks Finally on the Way, Traders Say

Thu, 25 May 2017 00:00:00 GMT

A reduction would show the market is finally reversing course after years of stock builds that left a worldwide overhang of half a billion barrels of crude oil and refined products.



Kemp: US Freight Recovery Spurs Diesel Demand

Thu, 25 May 2017 00:00:00 GMT

U.S. freight movements have started increasing again, which should help boost consumption of distillate fuel oil in 2017 and 2018.



Syncrude Oil Sands Project to Further Cut Shipments -Source

Thu, 25 May 2017 00:00:00 GMT

Trading volumes are currently thin in the Canadian crude market as the trading "window," lasting from the first of the month until the day before pipelines nominations are due, closed last week.



US Weather Forecasters Predict Above-normal Hurricane Season

Thu, 25 May 2017 00:00:00 GMT

NOAA will update its outlook again in August, just before the peak storm season.