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Rigzone Recent News

1. Obscure Cypriot Plots $10B East Med Gas Bet

   A little-known investor group is planning a major shakeup of the Eastern Mediterranean natural gas industry.

2. North Sea Kraken Production Increases

   Kraken production efficiency has increased 'materially', according to EnQuest.

3. The Next Permian Takeover Target

   Wood Mackenzie outlines the next most likely takeover targets in the Permian right now.

4. Diamondback's Rattler Raises $665MM

   Rattler Midstream Partners LP raised $665 million in the biggest energy initial public offering of the year.

5. Oil Extends Losses

   Oil extended losses after a surprise jump in American crude inventories alleviated concerns over a supply crunch.

6. Oil Prices Down More Than $1

   Both the WTI and Brent contract prices fell by more than $1 Wednesday.

7. Icahn-Backed CVR Energy Considers Selling

   The refiner also inked a deal to sell its 1.5 million-barrel storage terminal and related assets in north-central Oklahoma for $36 million.

8. Pioneer Cuts Hundreds of Workers in Texas

   The Permian pure-play company has reportedly cut 25 percent of its workforce as it continues to cut costs.

9. Louisiana Project's Price Tag Rises Again

   Sasol has raised the projected capital cost of its Lake Charles Chemical Project again.

10. Aramco Taps into US Shale Gas Boom

    Saudi Aramco agrees to a buy a stake in Sempra Energy's Texas LNG export terminal.