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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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Oil Rises 1% After Saudi Vows To Cap Crude Exports Next Month

Mon, 24 Jul 2017 00:00:00 GMT

Oil rose more than 1%, after leading OPEC producer Saudi Arabia pledged to cut exports.



EU Divided On How To Answer New US Sanctions Against Russia

Mon, 24 Jul 2017 00:00:00 GMT

Northern EU states in particular have sought to shield the supplies of Russian gas that they rely on.



Russia Is Top China Oil Supplier 4th Straight Month In June, Longest Streak

Mon, 24 Jul 2017 00:00:00 GMT

Russia was China's biggest crude oil supplier for a fourth straight month in June, its longest streak ever.



Greece Extends Deadline For Expressions Of Interest In Gas Grid

Mon, 24 Jul 2017 00:00:00 GMT

HRADF says it extended the deadline for submission of expressions of interest in natural gas grid operator DESFA.



Glencore's LNG Global Head Gordon Waters Leaves Company

Mon, 24 Jul 2017 00:00:00 GMT

Glencore's global head of liquefied natural gas (LNG), Gordon Waters, has left the company.



Saipem Seen Getting Work In Novatek's Arctic LNG 2 Project

Mon, 24 Jul 2017 00:00:00 GMT

Saipem is likely to get a sub-contractor role in a new project to produce LNG in the Arctic by Russia's Novatek.



ETP's $4B Rover Line Hits Another Snag, This Time In W. Virginia

Mon, 24 Jul 2017 00:00:00 GMT

Energy Transfer Partners LP's Rover pipeline receives more bad news.



Break In Rationing On Enbridge Canada Pipelines Likely Short Lived

Mon, 24 Jul 2017 00:00:00 GMT

Enbridge's move not to ration space on heavy oil pipelines out of western Canada for the first time in 16 months is likely to give producers only a short respite from difficulties.



QEP Resources To Sell Wyoming Natgas Assets For About $740MM

Mon, 24 Jul 2017 00:00:00 GMT

QEP Resources says it will sell its natural gas assets in Wyoming.



Anadarko Becomes First US Oil Producer To Slash 2017 CAPEX

Mon, 24 Jul 2017 00:00:00 GMT

Anadarko Petroleum posts a larger-than-expected quarterly loss and said it would cut its 2017 capital budget.



What Will Brexit Mean for Downstream IP?

Mon, 24 Jul 2017 00:00:00 GMT

Brexit could affect design and trademark protections, enforcement for downstream patent holders.



Report: 2Q Sees Lowest Number of M&A Deals in Years

Mon, 24 Jul 2017 00:00:00 GMT

Mergers and acquisitions deals have waned over the quarters, a new report from Mergermarket shows.



Barclays Oil Exit Sees Huge Numbers of Exotic Options Traded

Mon, 24 Jul 2017 00:00:00 GMT

Barclays sells the last part of its oil book to an unidentified buyer, triggering a surge in trading of exotic options written in the era of higher crude prices.



Mexico's Pemex Says $5B Bond Deal Covers Needs Through 2018

Mon, 24 Jul 2017 00:00:00 GMT

Pemex says that recent bond placements totaling about $5 billion would cover its minimum financing needs through the end of 2018.



Kemp: Hedge Funds Close Bearish Positions In Crude And Gasoline

Mon, 24 Jul 2017 00:00:00 GMT

Hedge fund managers have continued to cover short positions in crude oil and gasoline.



Halliburton Sees N. America Rig Count Flattening, Shares Down

Mon, 24 Jul 2017 00:00:00 GMT

Halliburton reported impressive second quarter results but warned the growth in North American rig count was "showing signs of plateauing."



OPEC Moves To Cap Nigerian Oil Output, Boost Compliance

Mon, 24 Jul 2017 00:00:00 GMT

OPEC moved to cap Nigerian oil output and called on several members to boost compliance with production cuts.



Oil Dives About 2.5%; OPEC Crude Output Rise Forecast

Fri, 21 Jul 2017 00:00:00 GMT

Oil prices slid on Friday, settling about 2.5% lower after a consultancy forecast a rise in OPEC production.



Malaysia's Petronas Delivers First LNG Cargo To Thailand's PTT

Fri, 21 Jul 2017 00:00:00 GMT

Petroliam Nasional Bhd announces the delivery of its first liquefied natural gas (LNG) cargo to Thailand.



Deals Set Bullish Tone As Peru Export Halt Tightens Market

Fri, 21 Jul 2017 00:00:00 GMT

Asian spot LNG prices step higher this week, shrugging off months of weakness.