Where Service is Paramount!

Rigzone Recent News

1. Oil Holds Near Six-Month High

   Geopolitical tensions and falling inventories supported crude.

2. Canada's Oil Sands Poised for Mega Merger

   Canada's oil patch is ripe for a mega merger, analysts say.

3. Surging Oil Tanker Rates Tipped to Go Even Higher

   The cost to hire oil supertankers could be headed for the highest levels this decade.

4. USA Crude Oil Stocks Drop 9MM Barrels WoW

   Crude oil stocks, not including the SPR, stood at 419.8 million barrels on February 13, the EIA highlighted in its latest weekly petroleum status report.

5. Midwest Utility Alliant Posts Higher Annual Profit on Rate Increases

   The power and gas utility benefited from 'increased revenue requirements from authorized rate base increases, reflecting ongoing capital investments in generation and energy storage'.

6. BOEM Proposes 3rd GOA Lease Sale

   BOEM has announced a proposed notice of sale for the third offshore oil and gas lease sale under the One Big Beautiful Bill Act.

7. Morningstar Predicts Likeliest Iran Outcome

   Morningstar Equity Director Joshua Aguilar reveals what the company is predicting.

8. Valaris Q4 Revenue Down 10 Pct Sequentially

   Valaris reported $537.4 million in revenue for the fourth quarter of 2025, down 10 percent from the prior three-month period partly due to idle time for some rigs.

9. Saudi Oil Catches Up as India Buyers Navigate Russia Sanctions

   India is set to import the most crude from Saudi Arabia in more than six years this month, as the South Asian nation faces sustained U.S. pressure to reduce purchases of Russian barrels.

10. Santos Agrees Terms for 10-Year Supply of Gas to Whyalla Steel Plant

    Santos signed a binding term sheet with the state government of South Australia to supply 20 petajoules a year of natural gas for 10 years to Whyalla Steelworks.