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Rigzone Recent News

The latest upstream oil and gas news from around the world.
  1. Both the WTI and Brent fell Friday, but one remains slightly positive for the week.
  2. The U.S. scrapped a total of 10 oil and gas rigs this week.
  3. New analysis by Rystad Energy explores which supermajor has the most potential in the prolific Permian Basin.
  4. The jetty would supply LNG for the shipping and export markets from 48-year-old FortisBC liquefaction and storage facility.
  5. 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 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 Deutsche Erdoel completes the acquisition of 100 percent of the shares of Sierra Oil & Gas.
  8. Total increased its global workforce by six percent in 2018, the company's latest registration document has revealed.
  9. 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. Both the WTI and Brent contracts faltered Thursday.