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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.



Copyright: Copyright 2017 Rigzone.com Inc. All rights reserved.
 



Oil Rises Over 2%, But Shows First Weekly Fall In Six

Fri, 17 Nov 2017 00:00:00 GMT

Oil rebounded more than 2% on Friday after falling for five straight sessions.



Norway's Oil Sell-Off Plan Is 'Shot Heard Around the World'

Fri, 17 Nov 2017 00:00:00 GMT

Norway's proposal to sell off $35B in oil and natural gas stocks brings sudden and unparalleled heft to a once-grassroots movement to enlist investors in the fight against climate change.



Q&A with Sudhir Pai, Schlumberger Robotics Services' Managing Director

Fri, 17 Nov 2017 00:00:00 GMT

Schlumberger's Sudhir Pai talks robotics, the downturn and more with Rigzone.



Romania Closes One Case Against Russia's Lukoil, Related Trial Still On

Fri, 17 Nov 2017 00:00:00 GMT

Romanian prosecutors have decided to close a criminal case against Russia's Petrotel Lukoil refinery.



Kemp: Distillate Fuel Oil Market Set To Tighten In 2018

Fri, 17 Nov 2017 00:00:00 GMT

US refineries are struggling to meet booming demand for distillate fuel oil at home and in export markets.



Middle East, US Crude Oil Curbs Indian Appetite For African Supplies

Fri, 17 Nov 2017 00:00:00 GMT

India's imports of African crude oil in October plunged to their lowest in over 4 years, turning to the United States and Middle East.



South Dakota Pipeline Spill Hits TransCanada Shares, Canada Crude Price

Fri, 17 Nov 2017 00:00:00 GMT

Canadian heavy crude prices and TransCanada shares slid as officials in Nebraska mulled whether to approve another pipeline proposed by the company.



Guyana-Suriname Basin Emerges as a Hotbed of Oil, Gas Exploration

Fri, 17 Nov 2017 00:00:00 GMT

Oil exploration in the Guyana-Suriname basin has stepped up following ExxonMobil's major discovery there.



German Gas Supplier VNG In Talks To Sell Norwegian Energy Business -Sources

Fri, 17 Nov 2017 00:00:00 GMT

German gas supplier VNG is in talks to sell a majority stake in its Norwegian Norge oil and gas business, which could fetch up to $500 million, 3 banking sources say.



London High Court Judge Rules In Favour Of Creditors In Dana Gas Sukuk Case

Fri, 17 Nov 2017 00:00:00 GMT

A High Court judge in London rules in favour of creditors in a case over the validity of the purchase undertaking for about $700 million of Islamic bonds issued by the UAE's Dana Gas.



Petrobras Seals $1B Financing From Banks, Repays $500MM Debt

Fri, 17 Nov 2017 00:00:00 GMT

Brazilian state-controlled oil company Petroleo Brasileiro secures $1B in financing from a banking syndicate headed by Standard Chartered PLC.



NPD Grants Consent for Production Start Up of Maria Field

Fri, 17 Nov 2017 00:00:00 GMT

The Norwegian Petroleum Directorate (NPD) grants consent for the start-up of production from the Maria field in the Norwegian Sea.



Indian State Oil Firms Betting On Natural Gas As Next Big Thing

Fri, 17 Nov 2017 00:00:00 GMT

India's state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi's goal of making the fuel a bigger part of the country's energy mix.



Saipem Secures Onshore Services Deals Worth Around $1B

Fri, 17 Nov 2017 00:00:00 GMT

Saipem wins new contracts in Saudi Arabia and Mexico, and additional works of existing contracts in Saudi Arabia and Kazakhstan.



'Strong Opportunities' Available for Innovative Engineering Firms

Fri, 17 Nov 2017 00:00:00 GMT

There are still 'strong opportunities' available for engineering firms in the offshore oil and gas sector with the capacity to deliver fast, innovative projects.



Siemens to Cut Almost 7,000 Jobs Worldwide

Fri, 17 Nov 2017 00:00:00 GMT

Siemens AG will cut around 6,900 jobs worldwide in its Power and Gas Division (PG), Power Generation Services Division (PS) and Process Industries and Drives Division (PD).



Oil Extends Losing Streak On US Oversupply Worries

Thu, 16 Nov 2017 00:00:00 GMT

Oil prices ended lower again on increased concerns about growth in US production and inventories.



Offshore Oil Service Firms Dominate North American Energy Bankruptcies

Thu, 16 Nov 2017 00:00:00 GMT

Offshore oil drilling and service companies are dominating the year's energy bankruptcies in North America, according to law firm Haynes and Boone.



Sources: China's Zhenhua Oil Wins First Diesel Tender With Iraq's SOMO

Thu, 16 Nov 2017 00:00:00 GMT

Zhenhua Oil will supply diesel to Iraqi state-oil marketer SOMO through a term contract for the first time.



Hoegh LNG: Pakistan LNG Import Project Consortium Folds

Thu, 16 Nov 2017 00:00:00 GMT

A consortium behind a LNG import project in Pakistan has been dissolved.