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Rigzone Recent News

The latest oil and gas news from around the world.
  1. Oil jumps the most since the first of the month as American crude stockpiles at a key storage hub shrank by the most since August.
  2. The price of Canadian heavy crude weakened Tuesday as a worker strike at the nation's largest railway curbed oil shipments, exacerbating a supply glut that's crippled Canada’s oil industry.
  3. Pony Express plans to build 25 miles of new 12-inch pipeline from the Hereford origin to the new origin point in Wyoming.
  4. Next Wave Energy Partners, LP has made a positive final investment decision to build a new alkylate production facility in Pasadena, Texas.
  5. Russia offered yet another explanation for why its oil production may exceed its OPEC+ target for November.
  6. Siemens AG aims to shed about 75% of its struggling power and gas unit in one of the most radical moves to date by CEO Joe Kaeser to untangle the sprawling conglomerate and try to boost its valuation.
  7. International oilfield services provider Petrofac Limited announced Wednesday that it has entered into the world's largest producing basin with the acquisition of W&W Energy Services.
  8. Reliance Industries Ltd, run by Asia's richest man Mukesh Ambani, has eclipsed BP to break into an elite club of energy supermajors.
  9. Exxon Mobil Corp. had the outlook on its top-notch debt rating lowered by Moody's Investors Service Inc. to negative due to a 'substantial' cash burn to fund growth.
  10. Xu Keqiang has been appointed as CNOOC Limited's new chief executive officer, effective immediately.
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