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Rigzone.com: Industry Headlines



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



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



Oil Slips Nearly 1 pct On Concerns Over Rising U.S. Output

Fri, 24 Feb 2017 00:00:00 GMT

Oil prices fall about 1 percent as worries about rising U.S. supplies outweigh OPEC pledges to boost compliance with output curbs.



Oklahoma Regulator Issues New Directive to Curb Quakes

Fri, 24 Feb 2017 00:00:00 GMT

Oklahoma's oil and gas regulator issued a wider directive limiting future increases in wastewater disposal underground in another effort to address a rash of temblors that have occurred amid the shale boom.



Bizarre Oil Trades Pose Menace for OPEC in Its Prized Market

Fri, 24 Feb 2017 00:00:00 GMT

OPEC pumped at will the past two years to defend its turf against rivals. Its recent volte-face has left it contending with additional threats in the world’s biggest oil market.



Baker Hughes: U.S. Drillers Add Oil Rigs for Sixth Week in a Row

Fri, 24 Feb 2017 00:00:00 GMT

U.S. drillers add oil rigs for a sixth consecutive week, extending a nine-month recovery as shale producers ramp up spending to take advantage of a recovery in oil prices.



Exxon Mobil to Extend Norway's Sigyn Field Lifetime Until End-2022

Fri, 24 Feb 2017 00:00:00 GMT

Norway's Petroleum Safety Authority has granted consent to operator Exxon Mobil to extend the lifetime of its Sigyn field offshore Norway until end-2022, the safety watchdog said.



Rigzone's Staff Picks Top 5 Oil, Gas Films

Fri, 24 Feb 2017 00:00:00 GMT

Rigzone highlights the most popular films focusing on the oil and gas industry.



Azerbaijan, Future Gas Supplier To Europe, Faces Shortfall At Home

Fri, 24 Feb 2017 00:00:00 GMT

Azerbaijan is on track to send gas to western Europe by the end of the decade, but is having to import supplies to use at home.



PSA: Norway's Petroleum Industry Must Get Safety Back on Track

Fri, 24 Feb 2017 00:00:00 GMT

Norway's petroleum industry needs to get safety developments back on track, according to Petroleum Safety Authority Norway's Director General Anne Myhrvold.



Fugro Sees Further Market Decline In First Half Of 2017

Fri, 24 Feb 2017 00:00:00 GMT

Fugro says it expects a further significant decline in the offshore oil and gas services market in the first half of 2017 before oil companies prepare for new investments later in the year.



Ineos Shale: We Won't Drill If We Can't Prove It's Safe

Fri, 24 Feb 2017 00:00:00 GMT

Onshore UK-focused energy company Ineos Shale confirms it will not drill any of its prospects if it cannot prove that its drilling and aftercare operations will be safe.



Oil Prices Up But Gains Pared After Seventh Straight Stock Build

Thu, 23 Feb 2017 00:00:00 GMT

Oil prices rose but gains were pared after US government data showed a seventh straight build in crude stocks.



How to Tack into Near-term LNG Headwinds

Thu, 23 Feb 2017 00:00:00 GMT

The global LNG market faces near-term challenges as it undergoes sweeping changes. A recent Deloitte report outlines how LNG players can weather these near-term demands and prosper in the long term.



Canada's Fading Oil Promise Leaves US Majors Struggling

Thu, 23 Feb 2017 00:00:00 GMT

Oil-sands investments in Western Canada that gobbled tens of billions of dollars over the past decade are proving an Achilles heel for some of the world’s biggest energy producers.



BLOG: Will Trump Really Try To Take Iraq's Oil? Probably Not

Thu, 23 Feb 2017 00:00:00 GMT

History and convention likely to weigh down President Donald Trump's appetite for taking oil as a spoil of war.



Future Giant Discoveries Could be Lurking Offshore South Africa

Thu, 23 Feb 2017 00:00:00 GMT

Future giant discoveries may be lurking in the Outeniqua Basin offshore South Africa, according to Anongporn Intawong, a team leader geologist at Spectrum.



Minister: Brazil To Lower Oil Industry Local Purchasing Rules By Half

Thu, 23 Feb 2017 00:00:00 GMT

Brazil's government says it would relax local purchasing rules for the oil industry as of September in an effort to attract foreign investment and lower costs.



Somali President Appoints Oil Firm Executive As PM

Thu, 23 Feb 2017 00:00:00 GMT

Somalia's newly elected president appoints the country director of British firm Soma Oil and Gas as the new prime minister.



Kemp: US Shale Revival Likely To Cap Oil Price Gains

Thu, 23 Feb 2017 00:00:00 GMT

US shale producers are growing production again, renewing the challenge to OPEC's market share and potentially limiting further increases in oil prices during 2017/18.



Partners In Israeli Leviathan Gas Field Okay $3.75B Investment

Thu, 23 Feb 2017 00:00:00 GMT

The partners in the Leviathan natural gas field approve a $3.75 billion final investment decision (FID) in the first phase of the giant reservoir, the largest energy project in Israel's history.



China's Soaring LNG Demand To Help Rein In Global Glut

Thu, 23 Feb 2017 00:00:00 GMT

China's soaring demand for liquefied natural gas (LNG) is sparking industry hopes that a supply overhang causing a slump in prices will end sooner than initially anticipated.