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Rigzone Recent News

The latest upstream oil and gas news from around the world.
  1. A record 16 companies have said they will take part in Brazil's scheduled June auction for the right to explore offshore oil blocks in the country's high-potential pre-salt area.
  2. Shell, Statoil to proceed with eight-well subsea project southeast of New Orleans.
  3. The Permian shale play is all about setting records. Now, the region will probably become the world's largest oil patch over the next decade.
  4. Shares of Canadian pipeline operator Enbridge Inc dropped more than 4 percent after a Minnesota judge agreed the Line 3 oil pipeline replacement project was needed, but rejected the company's preferred route.
  5. Big Data and analytics experts discuss the real challenges the industry faces as it adopts and implements the use of more technology.
  6. For generations of investors, Exxon Mobil Corp. has been a cornerstone of fund managers' portfolios alongside the biggest names in corporate America. Not so much any more.
  7. Lebanon's energy minister said he had asked the country's petroleum authority to start preparing for a second oil and gas offshore licensing round, but did not give a timeline for when it might happen.
  8. Brazil's Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell PLC for $950 million.
  9. U.S. conglomerate General Electric will test the world's largest wind turbine in a facility in northeast England.
  10. Algeria launched on a 530 kilometre-long gas pipe to supply Tamanrasset, its biggest southern city, with 700,000 cubic metres per day, the CEO of state firm Sonatrach said.
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