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Rigzone Recent News

The latest oil and gas news from around the world.
  1. Oil climbed to a one-month high as new US threats against Iran raised fears of a prolonged conflict.
  2. Billionaire shale pioneer Harold Hamm's Continental Resources Inc. signed agreements to buy half of an Argentinian shale oil firm owned by Mercuria Energy Group.
  3. Norway produced about 12.38 billion cubic feet per day of natural gas in July, up for the second consecutive month on a sequential basis, according to preliminary official figures.
  4. Crude oil stocks, not including the SPR, stood at 428.8 million barrels on August 14, the EIA's latest weekly petroleum status report showed.
  5. Monumental and its partners have identified gas prospects in the prospective area in the Taranaki Basin.
  6. Latin America's two biggest oil companies are betting big on a high-risk effort.
  7. Equinor signed an agreement to acquire a 17.4 percent stake in Petroleum Exploration License 90 on the Namibian side of the offshore Orange Basin from operator Chevron.
  8. Enverus announced that it has released its latest rankings of the most active U.S. land drilling contractors and drilling customers.
  9. The U.S. Energy Information Administration is predicting an oil market crunch in 2026 and a glut in 2027.
  10. The Saudi state-owned companies signed an agreement to create a joint venture to explore and mine copper and other energy transition minerals at home.
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