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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 in Bear Market Declines for Fifth Week as Supply Climbs

Fri, 23 Jun 2017 00:00:00 GMT

"It's becoming bearish mania," said one analyst.



Greece Approves Offshore Applications by Total-ExxonMobil, Energean

Fri, 23 Jun 2017 00:00:00 GMT

Greece approved applications submitted by a consortium of Total, ExxonMobil and Hellenic Petroleum, its energy ministry said.



Argentina's YPF Says Technology Lowering Its Shale Costs

Fri, 23 Jun 2017 00:00:00 GMT

Loma Campana is the first productive field in Argentina's Belgium-sized Vaca Muerta shale formation.



US Drillers Add Oil Rigs for Record 23rd Week in a Row -Baker Hughes

Fri, 23 Jun 2017 00:00:00 GMT

U.S. energy firms added 11 oil rigs in the week of June 23, Baker Hughes said Friday.



Kemp: Oil Market Flashes Warning About Stock Levels in 2018

Fri, 23 Jun 2017 00:00:00 GMT

The emergence of a large contango implies many hedgers and speculators now expect stocks to remain higher than before.



Petrobras Revives Plan for IPO of Fuel Distribution Unit

Fri, 23 Jun 2017 00:00:00 GMT

Petrobras' CEO said the company is reviving an initial public offering of its fuel distribution unit to cut its debt.



Russia's Novatek Aims Topple Qatar from LNG Top Spot

Fri, 23 Jun 2017 00:00:00 GMT

Qatar and Russia have long been rivals in global gas markets.



Gazprom Smells Opportunity as UK's Biggest Gas Store Shuts

Fri, 23 Jun 2017 00:00:00 GMT

While Britain's import needs are mostly met by Norway, it also receives Russian fuel indirectly through pipelines.



Four of Canada's Biggest Banks Are Key Trans Mountain Lenders -Filings

Fri, 23 Jun 2017 00:00:00 GMT

Energy infrastructure projects in Canada have faced opposition from environmental groups and aboriginal communities.



China, India, Japan Hamper Asia Oil Demand Growth

Fri, 23 Jun 2017 00:00:00 GMT

Faltering demand growth in key Asian crude importers is further hampering efforts to restore market balance.



Mexico's Pemex Sees Restart of Salina Cruz Refinery on July 30

Fri, 23 Jun 2017 00:00:00 GMT

The Pacific coast refinery is Mexico's biggest, with a daily processing capacity of 330,000 barrels of crude oil.



Kemp: Cheaper Gasoline Should Give Limited Boost to US Fuel Consumption

Fri, 23 Jun 2017 00:00:00 GMT

Gasoline consumption depends on the volume of traffic and the average fuel-economy of the cars on the road.



Shale 'Jedi' Who Turned Enron Reject Into Gold Builds Again

Fri, 23 Jun 2017 00:00:00 GMT

"It's 'Return of the Jedi,'" said one analyst.



What Are the Qualifications to Become a Welder?

Fri, 23 Jun 2017 00:00:00 GMT

Learn about basic qualifications to become a welder.



S.Korea's KOGAS To Receive First LNG Cargo Under Contract With US Exporter

Fri, 23 Jun 2017 00:00:00 GMT

Korea Gas Corp (KOGAS) will early next month receive its first liquefied natural gas (LNG) cargo under a long-term supply deal with U.S. exporter Cheniere Energy.



Hellenic Petroleum Five-Month Pretax Profit At 246MM Euros

Fri, 23 Jun 2017 00:00:00 GMT

Greece's biggest oil refiner Hellenic Petroleum had a pretax profit of 246 million euros ($274.8 million).



Big Oil Turns To Big Data To Save Big Money On Drilling

Fri, 23 Jun 2017 00:00:00 GMT

In today's U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth.



Essar Oil's Creditors Approve $12.9B Rosneft Takeover

Fri, 23 Jun 2017 00:00:00 GMT

Creditor banks to India's Essar Oil approve the acquisition of the company by a group including Russia's Rosneft.



French Energy Minister Confirms No New Permits for Exploration

Fri, 23 Jun 2017 00:00:00 GMT

The French energy minister Nicolas Hulot confirms that there will be no new permits for oil and gas exploration in the country.



TRACE Secures INPEX Deal, Creates Jobs

Fri, 23 Jun 2017 00:00:00 GMT

TRACE has been awarded a 6-year contract by INPEX for maintenance services to support the operation of the Ichthys LNG onshore facilities in Darwin.