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Preview: Rigzone.com: Industry Headlines

Rigzone.com: Industry Headlines



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



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Oil Up On More Optimistic Outlook On OPEC Cuts

Fri, 28 Apr 2017 00:00:00 GMT

Oil prices edged up on optimism among investors that OPEC would agreed to extend production cuts aimed at ending a global glut into the second half of the year.



WEN National Conference 2017 Snapshot: Lessons from Mom

Fri, 28 Apr 2017 00:00:00 GMT

Female energy executives share how their upbringing has bolstered their work ethic today.



Deal Of The Month: ConocoPhillips Cuts Gas Profile in $3B San Juan Sale

Fri, 28 Apr 2017 00:00:00 GMT

Analysts say anything that makes an asset less gas-focused is ultimately a positive as ConocoPhillips sells off San Juan assets to Hilcorp Energy affiliate.



Chinese Shale Gas Target Met with Skepticism

Fri, 28 Apr 2017 00:00:00 GMT

China's target to produce around 3 billion cubic feet per day of shale gas by 2020 has been met with doubt by oil and gas analysts at Tudor, Pickering, Holt & Co.



Commodity Weekly: Gasoline Demand Concerns Pressure Oil Prices

Fri, 28 Apr 2017 00:00:00 GMT

Gasoline demand concerns weigh on oil prices. Pressure grows for OPEC to extend production cuts past June.



Surging Chevron, ExxonMobil Profits Signal Oil Industry Turnaround

Fri, 28 Apr 2017 00:00:00 GMT

Rising crude prices helped Chevron and ExxonMobil easily beat Wall Street's profit expectations.



Oil Prices Felled by Libyan Oil Restart and Weak Gasoline Demand

Thu, 27 Apr 2017 00:00:00 GMT

Crude prices were slightly lower after a volatile session, as the restart of two key Libyan oilfields and concerns about lackluster gasoline demand fed concern over whether major oil producers can alleviate the glut of global inventories.



BLOG: Dream On, OPEC - The US Will Never Act Like A Cartel

Thu, 27 Apr 2017 00:00:00 GMT

OPEC Sec Gen says US is outside the global trend of cutting crude production for the sake of market stability, but in reality, tight oil companies made market-driven cuts before OPEC could make a deal.



Saudi Aramco CEO Says Peak Oil Demand Is a Misleading Theory

Thu, 27 Apr 2017 00:00:00 GMT

The boss of Saudi Arabia's state oil company defended petroleum as the mainstay of the global economy.



Unite Takes Another Step Towards UKCS Strike Action

Thu, 27 Apr 2017 00:00:00 GMT

UK union Unite takes another step towards strike action on the UKCS, as it serves an official strike ballot notice to the Offshore Contractors Association (OCA).



France's Total Approves First Project Since 2014 As Profits Surge

Thu, 27 Apr 2017 00:00:00 GMT

Total gives the go-ahead to develop its first major project since 2014 after reporting a sharp rise in quarterly profit.



Oil Prices Stable After Big Draw In US Crude Inventories

Wed, 26 Apr 2017 00:00:00 GMT

Oil prices rebounded from early losses after US government data showed a larger-than-expected falloff in crude inventories.



Oil Supermajors Dig Out of Doldrums as Cash Poised to Surge

Wed, 26 Apr 2017 00:00:00 GMT

Big Oil's struggle against crude's collapse is starting to ease, giving some companies enough cash to pay shareholders without piling on more debt.



Op-Ed: Big Trouble in North Korea, Venezuela Threaten Oil Prices

Thu, 27 Apr 2017 00:00:00 GMT

The United States and North Korea are saber-rattling and in Venezuela, demonstrators against policies that kneecap PDVSA are dying in the streets - both key geopolitical issues that can smother an oil rally.



How to Identify an Informal Mentor

Thu, 27 Apr 2017 00:00:00 GMT

Mentor-mentee relationships aren't always part of an organized program. There are ways to glean the benefits of a mentor by identifying an informal mentor.



US E&Ps Can Turn A Profit On $50 to $60 Oil, Barclays Finds

Wed, 26 Apr 2017 00:00:00 GMT

Declining development costs and capital efficiency improvements position US E&P companies to earn solid returns at $50 to $60 per barrel oil prices, says Barclays' report.



Oil Breaks Losing Streak Ahead Of US Inventory Data

Tue, 25 Apr 2017 00:00:00 GMT

Oil prices edged up in volatile trading, rebounding from six days of losses.



Kemp: Distillate Export Boom Keeps U.S. Refiners Busy

Tue, 25 Apr 2017 00:00:00 GMT

U.S. refiners have become a powerhouse of distillate exports, causing the supply-demand balance for fuels from the middle of the barrel to tighten in the United States despite a very warm winter.



Range Recalls 'Incredibly Creative Solution' for Marcellus/Utica 'Problem'

Wed, 26 Apr 2017 00:00:00 GMT

'Dragon-class' and VLEC vessels facilitate transoceanic trade of surplus US ethane.



Perry Says Trump Should Renegotiate, Not Exit, Paris Accord

Tue, 25 Apr 2017 00:00:00 GMT

The White House has said it will decide by next month what to do with the deal involving more than 190 nations struck in the French capital in 2015.