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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 Hits Highest Since July 2015; Producers Say Market Rebalancing

Mon, 25 Sep 2017 00:00:00 GMT

Oil prices soared more than 3%, with Brent hitting its highest in more than two years.



Turkey Warns Iraq Kurds It Can 'Close the Valves' on Oil Exports

Mon, 25 Sep 2017 00:00:00 GMT

Turkey can choose to 'close the valves' on oil exports from Iraq's Kurdish region through the Turkish port of Ceyhan, President Recep Tayyip Erdogan warned as Kurds voted.



'Game-Changer' Canada Oil Sought by Japan Refiner Going Solo

Mon, 25 Sep 2017 00:00:00 GMT

Cosmo is emerging from the revamp with its independence intact. It's now considering buying Canadian oil for the first time ever



Exxon's Baytown, Texas Refinery Operations Normal

Mon, 25 Sep 2017 00:00:00 GMT

ExxonMobil says operations at the company's Baytown refinery have returned to normal.



Enterprise: US Oil Exports To Meet 5% Of Non-US Global Demand By 2022

Mon, 25 Sep 2017 00:00:00 GMT

Crude oil exports from the United States will increase to meet 5 percent of global demand by 2022.



Iran Vows Oil Exports as Cargoes Seen Unscathed by Trump Threat

Mon, 25 Sep 2017 00:00:00 GMT

Iran will persist with exporting its oil to global customers, unfettered by Donald Trump's intensifying offensive against the country, according to the Middle East nation's state-run producer.



Boston Energy Research: Oil Price Outlook Unchanged

Mon, 25 Sep 2017 00:00:00 GMT

The outlook for oil prices has not changed much in recent weeks.



Harvey Strikes Employment: CB&I Lays Off Hundreds

Mon, 25 Sep 2017 00:00:00 GMT

Damages sustained by Hurricane Harvey have forced the closure of one of CB&I's facilities in Beaumont, Texas.



Statoil Among Firms Seeking Stakes in Abu Dhabi Offshore Blocks

Mon, 25 Sep 2017 00:00:00 GMT

Statoil is among producers involved in discussions with ADNOC about joining offshore production in the emirate, according to a Norwegian diplomatic dispatch.



Permian 'Super Basin' Holds Up to $3.3 Trillion in Untapped Oil

Mon, 25 Sep 2017 00:00:00 GMT

The Permian Basin of Texas and New Mexico holds 60 billion to 70 billion barrels of yet-to-be pumped crude oil, according to a study.



Total Extends 5% Annual Oil Output Growth Target

Mon, 25 Sep 2017 00:00:00 GMT

Total extended its 5% annual average oil production growth target until 2022.



Nigeria's NPDC Says To Raise Output To 300,000 Bpd By 2018

Mon, 25 Sep 2017 00:00:00 GMT

The main subsidiary of Nigeria's state oil company says it planned to increase production from fields.



In World's Hottest Oil Patch, Jitters Mount That a Bust Is Near

Mon, 25 Sep 2017 00:00:00 GMT

What's unusual, and unnerving, is that the Permian is still thrumming with activity after prices cratered for the stuff it pumps out.



Top BP Executive Warns OPEC Needs to Prolong Oil Output Curbs

Mon, 25 Sep 2017 00:00:00 GMT

OPEC and its allies need to extend their crude production cuts beyond March 2018 to rebalance the global oil market, a top executive at BP's trading arm said.



How Refiners See the 0.5 Percent Sulphur Fuel Production World

Mon, 25 Sep 2017 00:00:00 GMT

Many refiners are not properly equipped for the low-sulphur transition and will need to revisit their business models.



Buckeye Partners' Puerto Rico Oil Terminal Still Closed after Maria

Fri, 22 Sep 2017 00:00:00 GMT

Buckeye did not say if the tanks at the 4.6-million-barrel terminal were damaged by Hurricane Maria.



EPA Extends Enforcement Discretion for Harvey-hit Fuel Storage Facilities

Fri, 22 Sep 2017 00:00:00 GMT

Similarly, EPA extended enforcement discretion for certain air pollutants from gasoline storage tanks during so-called roof landings.



Fault at Israel's Tamar Gas Field Prompts Use of Dirtier Fuels

Fri, 22 Sep 2017 00:00:00 GMT

A fault in the supply of natural gas from Israel's only commercial field has forced Energy Minister Yuval Steinitz to authorize the use of alternative fuel sources to produce electricity.



US Not Ruling Out Possible Oil Embargo on Venezuela -Haley

Fri, 22 Sep 2017 00:00:00 GMT

"There's a lot of support in Latin America to see Venezuela start to respect its people and go back to the democracy it's supposed to be," said UN Ambassador Nikki Haley.



US Oil Drillers Cut Rigs for 3rd Week in a Row -Baker Hughes

Fri, 22 Sep 2017 00:00:00 GMT

Drillers cut five oil rigs in the week to Sept. 22, bringing the total count down to 744.