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Rigzone Recent News

1. Oil Prices Mixed for the Week

   Both the WTI and Brent fell Friday, but one remains slightly positive for the week.

2. US Drops 10 Oil, Gas Rigs

   The U.S. scrapped a total of 10 oil and gas rigs this week.

3. Exxon, Chevron Battle it Out in the Permian

   New analysis by Rystad Energy explores which supermajor has the most potential in the prolific Permian Basin.

4. Canada LNG Project Enters New Phase

   The jetty would supply LNG for the shipping and export markets from 48-year-old FortisBC liquefaction and storage facility.

5. Alberta Learns Playing OPEC Isn't Easy

   Pipelines are full, but the cost of shipping oil by train to the U.S. means it's not competitive with supplies from shale or Mexico.

6. Tanzania to Start Talks for $30B LNG Project

   Tanzania plans to negotiate terms for developing a $30 billion liquefied natural gas project with companies between April and September, the Energy Ministry said.

7. DEA Completes Sierra Acquisition

   DEA Deutsche Erdoel completes the acquisition of 100 percent of the shares of Sierra Oil & Gas.

8. Total Increases Workforce by 6 Percent

   Total increased its global workforce by six percent in 2018, the company's latest registration document has revealed.

9. Oil Set for Third Weekly Gain

   Oil is poised for a third weekly advance, buoyed by the biggest drop in American crude stockpiles since July at a time when the OPEC+ coalition is pressing on with its output curbs.

10. Crude Oil Misses Milestone

    Both the WTI and Brent contracts faltered Thursday.