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Rigzone Recent News

1. Crude Oil Bounces Back

   Tuesday's trading bolstered the case for the 2019 crude oil comeback story.

2. Ophir Energy's Board Rejects Medco's Takeover Proposal

   Ophir's board unanimously rejected the proposal, saying it's undervaluing Ophir.

3. Libya's Haftar Plans to Secure Oil Areas

   Forces allied to Khalifa Haftar have entered the city of Sebha as part of a campaign to secure the country's lawless south and protect its oil-producing infrastructure, his spokesman says.

4. Talks Underway to Build Gas Pipeline to Egypt

   Talks are in progress to build an underwater natural gas pipeline between Israel and Egypt, Israeli Energy Minister Yuval Steinitz says.

5. China's Surging Gasoline Exports Hurting Regional Refiners

   Fitch Solutions Macro Research identifies factors driving growth in China's gasoline exports.

6. Policy Creating Hurdles for Canada's Oil Patch

   The goal of Premier Rachel Notley's mandated production cut is to reduce the storage glut and get oil prices back to profitable levels.

7. Halliburton Names New Western Hemisphere President

   The oil services giant has promoted Mark Richard as president for the Western Hemisphere.

8. Permian Shale Oil Boom Holds Mixed News for OPEC

   For OPEC, good news often comes hand-in-hand with bad news.

9. UK-Based Energy Services Firm Changes Name

   Fabricom Offshore Services has announced the launch of a new name and corporate identity.

10. Oil Demand to Grow Steadily in 2020s

    Oil demand will grow steadily in the 2020s and peak in the late 2030s, according to Rystad Energy's current long-term outlook.