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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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Crude Oil Export Trends in the Middle East

Fri, 23 Sep 2016 00:00:00 GMT

August movements exemplify a shift within the landscape of Middle East exports.



Oil Sinks As OPEC Deal Seen Unlikely; Stocks Dip

Fri, 23 Sep 2016 00:00:00 GMT

Oil prices tumble following signs that Saudi Arabia and Iran continue to disagree over output limits ahead of a meeting next week aimed at freezing production.



BLOG: McDermott Workforce Factor in Altamira Facility's Bright Outlook

Fri, 23 Sep 2016 00:00:00 GMT

McDermott International official says Altamira facility workers a "revelation" and part of facility's success.



What Does OPEC's Freeze Talk Really Mean?

Fri, 23 Sep 2016 00:00:00 GMT

Some unnamed sources say Saudi Arabia may be willing to cut its production, but non-OPEC member Russia says production cuts off the table.



New Banking Regulations Pushed Oil, Gas Bankruptcies, Expert Says

Fri, 23 Sep 2016 00:00:00 GMT

Regulations that tied bankers' hands during the downturn forced some oil and gas companies into bankruptcy, key energy lender says.



Russian Finmin: No Revolutionary Changes To Oil, Gas Tax Regime

Fri, 23 Sep 2016 00:00:00 GMT

Russian Finance Minister Anton Siluanov says any changes in the oil and gas tax regime would not be "revolutionary" but energy taxes were to increase.



Russia's Rosneft To Sell 96M Tons Of Crude Oil To Petrovietnam

Fri, 23 Sep 2016 00:00:00 GMT

Rosneft signs a contract to supply 96 million tons of crude oil to PV Oil, an affiliate of state oil and gas PetroVietnam, starting next year.



Nigeria Lawmakers To Investigate $17B Oil Theft Claim

Fri, 23 Sep 2016 00:00:00 GMT

Lawmakers in Nigeria's lower house of parliament are to investigate whether $17 billion of petroleum and fuel exports were stolen by companies and government agencies.



Saudis Offer Oil Cut For OPEC Deal If Iran Freezes Output

Fri, 23 Sep 2016 00:00:00 GMT

Saudi Arabia has offered to lower its own oil production if rival Iran agrees to cap its output this year, in a major compromise ahead of talks in Algeria next week.



Polarcus to Conduct European 3D Seismic Acquisition

Fri, 23 Sep 2016 00:00:00 GMT

Polarcus Limited receives a letter of intent to conduct a 3D marine seismic acquisition in Europe, utilizing its XArray multiple source acquisition method.



Statoil To Improve Helicopter Safety Following Fatal Crash

Fri, 23 Sep 2016 00:00:00 GMT

Statoil has vowed to improve helicopter safety following the release of an investigation into a fatal helicopter crash which occurred on the NCS earlier this year.



Sound Renegotiates Sidi Moktar Acquisition Agreement with PetroMaroc

Fri, 23 Sep 2016 00:00:00 GMT

Sound Energy renegotiates a deal with PetroMaroc Corporation plc for the acquisition of a 50% operated interest in three onshore gas permits located in Morocco.



Tullow Oil Confirms Turret Bearing Cover

Fri, 23 Sep 2016 00:00:00 GMT

Tullow Oil plc states that hull and machinery insurance cover has been confirmed for the FPSO Kwame Nkrumah by its reinsurers, following the failure of the turret bearing earlier this year.



Oil Industry Welcomes Indonesia's Tax Reform, But Says It's Not Enough

Fri, 23 Sep 2016 00:00:00 GMT

Indonesia's removal of taxes on oil and gas explorers is a good first step, but more is needed to lure investment from companies that have cut budgets and laid off staff after a precipitous plunge in prices, industry analysts say.



As Rivals Circle, Japan Boosting Firepower To Buy Global Energy Assets

Fri, 23 Sep 2016 00:00:00 GMT

Japan plans to rush through a bill to provide more financial muscle for its companies to compete for global energy assets, just as other resource-hungry Asian economies such as China and India are also looking to snap up depressed oil assets.



Oil Firms Seen Spending More Next Year For First Time Since 2014

Fri, 23 Sep 2016 00:00:00 GMT

The oil industry may be ready to open its wallet after two years of slashing investments.



Valmec Clinches Supply, Construction Contracts in Australia's East Coast

Fri, 23 Sep 2016 00:00:00 GMT

Valmec clinches supply and construction contracts with 2 gas producers in the east coast of Australia.



OPEC Under Pressure To Act In Algiers As Oil Surplus Triples

Fri, 23 Sep 2016 00:00:00 GMT

As OPEC prepares to meet in Algiers next week, the oil market is reminding the group's members what's at stake if they fail to reach a deal.



PETRONAS Signs Contract with Schlumberger for Campeche Basin Seismic Survey

Fri, 23 Sep 2016 00:00:00 GMT

Schlumberger signs agreement with PETRONAS to license WesternGeco Campeche wide-azimuth (WAZ) deepwater multiclient seismic survey in the southern Gulf of Mexico.



Polarcus Bags Broadband 3D Marine Seismic Contract in Australasia

Fri, 23 Sep 2016 00:00:00 GMT

Polarcus bags a contract to provide broadband 3D marine seismic project in Australasia.