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Rigzone Recent News

The latest oil and gas news from around the world.
  1. Oil rallied to the highest in nearly two years in New York.
  2. The U.S. rotary rig count increased by one this week.
  3. Here is a recap oil and gas market hits and misses for the week ending March 5, 2021.
  4. Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...
  5. Saudi Arabia just made a high-stakes wager against "drill, baby, drill."
  6. The havoc that the pandemic is wreaking in Brazil and Mexico is cooling demand for gasoline and diesel in two top markets for U.S. oil refiners.
  7. Major oil sands producers in Western Canada will idle almost half a million barrels a day of production next month, helping tighten global supplies as oil prices surge.
  8. Oil moved above $65 a barrel after OPEC+ chose not to relax supply curbs even as the global economy pulls out of its pandemic-driven slump.
  9. Schlumberger New Energy, Chevron Corporation, Microsoft, and Clean Energy Systems have announced plans to develop a bioenergy with carbon capture and sequestration project.
  10. According to a new Rystad Energy report, offshore project commitments are expected to not only recover going forward but their number is also set to reach a new record in the five-year period towards 2025.