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Rigzone.com: Finance and Investing News



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



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Saudi Arabia Seen Losing Market Share to Iran, Iraq on Oil Cuts

Wed, 26 Apr 2017 00:00:00 GMT

Saudi Arabia, the world's biggest crude exporter, is losing market share to Iraq and Iran.



ExxonMobil's Dividend Tradition Faces Challenge as Oil Sputters

Tue, 25 Apr 2017 00:00:00 GMT

ExxonMobil has boosted it's dividend every April for at least a decade, delivering more than $98 billion directly to shareholders.



HSBC Wins Mandate On $100B Saudi Aramco IPO

Mon, 24 Apr 2017 00:00:00 GMT

HSBC Holdings Plc has been formally mandated as an adviser on the initial public offering of Saudi Arabia's national oil giant Aramco.



Schlumberger Expects Reactivation Costs To Squeeze Margins

Fri, 21 Apr 2017 00:00:00 GMT

Schlumberger says a ramp up in drilling activity in North America boosted pricing for its services, but the cost of reactivating equipment idled during the downturn dragged down margins.



Singapore's Keppel Posts Higher Profit, But Offshore Business Still Bleak

Thu, 20 Apr 2017 00:00:00 GMT

Singapore's Keppel Corp posts its first year-on-year rise in quarterly profits since early 2015, helped by improved earnings from infrastructure and investments.



Oil Prices Could Tumble Again On US Shale Influx

Thu, 20 Apr 2017 00:00:00 GMT

Oil prices could fall again by the end of the year due to a rapid increase in US shale production, Total chief executive says.



Woodside Q1 Revenue Falls 9% As Heavy Rain Hits Output

Thu, 20 Apr 2017 00:00:00 GMT

Woodside Petroleum reports a 9% drop in Q1 revenue on Thursday as production fell, largely due to extremely heavy rainfall.



Peru To Issue Up To $3B In Bonds To Finance State-Run Oil Firm

Tue, 18 Apr 2017 00:00:00 GMT

Peru is expecting to issue up to $3 billion in bonds in the international market in the first half of 2017.



PETRONAS Sets April Crude Price Factor At $3.50/bbl

Mon, 17 Apr 2017 00:00:00 GMT

Petronas has set the price factor for Malaysian Crude Oil (MCO) for April at $3.50 per barrel, down 70 cents.



Daewoo Shipbuilding's Bailout Plan Cleared by Pension Fund

Mon, 17 Apr 2017 00:00:00 GMT

Daewoo Shipbuilding wins a reprieve, helping avert a payment crisis that had threatened to almost shut the company.



Vietnam's Petrolimex To List At $1.90 Per Share

Fri, 14 Apr 2017 00:00:00 GMT

Vietnam's Ho Chi Minh stock exchange has given approval for top fuel importer and distributor Petrolimex to list at 43,200 dong ($1.90) per share.



Bankers' Fading Fear of Oil Lending Is Latest Boon for Shale

Fri, 14 Apr 2017 00:00:00 GMT

Wall Street banks' growing optimism about the energy industry is the latest boost for US oil and natural gas producers already enjoying higher prices.



Shale, Not Stock, Fuels the Wealthiest U.S. County

Thu, 13 Apr 2017 00:00:00 GMT

There are three good guesses for which US county has the the highest adjusted gross incomes (AGI).



Saudi Debt Binge Amid Oil Gains Eases Bank Liquidity Drought

Thu, 13 Apr 2017 00:00:00 GMT

Saudi Arabia's repeat visits to international bond markets and a partial recovery in the price of oil, its biggest export, is easing a liquidity squeeze that was hampering its financial system.



PDVSA Notes Rally After Oil Company's $2.2 Billion Payment

Wed, 12 Apr 2017 00:00:00 GMT

Bonds issued by Venezuela's state oil company rallied after the country made $2.2 billion in payments on matured notes.



OMV's Q1 Refining Margin Falls Q/Q To $5.42/Bbl

Tue, 11 Apr 2017 00:00:00 GMT

OMV's refining margin fell to $5.42 per barrel in the first quarter.



Petrochina Sees Lower Q1 Profit On Qtr, But Turnaround From Year Ago

Fri, 07 Apr 2017 00:00:00 GMT

PetroChina expects a first-quarter profit of 5-6 billion yuan ($724.8-$869.8 million), down slightly from the preceding quarter, but a turnaround from a huge loss a year earlier.