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Rigzone.com: Industry Headlines



The latest upstream oil and gas news from around the world.



Copyright: Copyright 2018 Rigzone.com Inc. All rights reserved.
 



Saudi Oil Minister Says Oil Market Is Rebalancing

Fri, 23 Feb 2018 00:00:00 GMT

Saudi Arabia's Oil Minister Khalid al-Falih says oil markets are rebalancing.



Norway's Solstad Farstad Sees Oil Service Vessels' Market Improving

Fri, 23 Feb 2018 00:00:00 GMT

The market for offshore service vessels has bottomed out and is expected to rise from now onwards.



Schlumberger, Subsea 7 in Negotiations to Form Joint Venture

Fri, 23 Feb 2018 00:00:00 GMT

Schlumberger and Subsea 7 S.A. enter into exclusive negotiations to form a joint venture.



Oil Prices Climb After Unexpected Drawdown In US Crude Stocks

Thu, 22 Feb 2018 00:00:00 GMT

Oil prices rose to two-week highs on Thursday.



BLOG: How Heart Monitors Can Help India Level Its E&P Playing Field

Thu, 22 Feb 2018 00:00:00 GMT

Recent report charts path for upstream investment, technology in India.



International Markets to Return to Growth in 2018

Thu, 22 Feb 2018 00:00:00 GMT

International markets will return to growth in 2018, although at a more moderate pace than North America.



OPEC President: We're Not A Secretive Cartel

Thu, 22 Feb 2018 00:00:00 GMT

OPEC's president says the group is not a secretive cartel.



Oil Largely Steady As Dollar Strengthens

Wed, 21 Feb 2018 00:00:00 GMT

Oil prices were little changed ahead of data expected to show rising crude inventories in the United States.



Offshore Oil Recovery Beginning in World's Harshest Environments

Wed, 21 Feb 2018 00:00:00 GMT

The improved financial condition for explorers is now emboldening rig contractors to push for better pricing.



Oil, Gas Will Account for Over Half of World's Energy by 2040

Wed, 21 Feb 2018 00:00:00 GMT

Oil and gas will account for over half of the world's energy by 2040, according to BP's latest Energy Outlook.



Crude Rises to Two-Week High as World Tugs on US Oil Supplies

Tue, 20 Feb 2018 00:00:00 GMT

Crude in New York rose to a two-week high.



Maersk Energy Sees Uptick In Offshore Oil Drilling, Profit Still Squeezed

Tue, 20 Feb 2018 00:00:00 GMT

Prospects for the offshore oil drilling market are improving but profits for drillers are still under pressure and rates will not rise.



OPEC, Russia Said to See Oil Glut Dissipating at a Faster Rate

Tue, 20 Feb 2018 00:00:00 GMT

The latest discussions between OPEC and its oil-producer allies concluded that the supply glut is dissipating at a faster pace than previously anticipated.



BHP Sees Faster Shale Sale in Race to Exit $10 Billion Unit

Tue, 20 Feb 2018 00:00:00 GMT

BHP Billiton Ltd. is accelerating plans to exit its $10 billion US shale unit.



Libya, Nigeria at 'High Risk' of Oil Sector Disruption

Mon, 19 Feb 2018 00:00:00 GMT

Libya and Nigeria are at 'high risk' of oil sector disruption, especially towards the end of 2018, according to oil and gas analysts at BMI Research.



Oil Posts a Weekly Rise as Stocks Recover, Dollar Flounders

Fri, 16 Feb 2018 00:00:00 GMT

Oil posted its first weekly increase since last month.



Baker Hughes: US Drillers Add Oil Rigs For Fourth Consecutive Week

Fri, 16 Feb 2018 00:00:00 GMT

US energy companies add oil rigs for a fourth week in a row.



OPEC Considers Moving the Goalposts - Here's Where They Might Go

Fri, 16 Feb 2018 00:00:00 GMT

The 24-country alliance wants to reduce oil stockpiles to their five-year average.



UK Shale Industry Prospects Remain 'Widely Bearish'

Fri, 16 Feb 2018 00:00:00 GMT

Prospects for the UK shale industry remain 'widely bearish', according to oil and gas analysts at BMI Research.



How to Move up the Ladder in Oil, Gas

Thu, 15 Feb 2018 00:00:00 GMT

Rigzone readers outline the best way to move up the ladder in the oil and gas world.