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Rigzone Recent News

1. Oil Hits Highest Since July 2015; Producers Say Market Rebalancing

   Oil prices soared more than 3%, with Brent hitting its highest in more than two years.

2. Turkey Warns Iraq Kurds It Can 'Close the Valves' on Oil Exports

   Turkey can choose to 'close the valves' on oil exports from Iraq's Kurdish region through the Turkish port of Ceyhan, President Recep Tayyip Erdogan warned as Kurds voted.

3. 'Game-Changer' Canada Oil Sought by Japan Refiner Going Solo

   Cosmo is emerging from the revamp with its independence intact. It's now considering buying Canadian oil for the first time ever

4. Exxon's Baytown, Texas Refinery Operations Normal

   ExxonMobil says operations at the company's Baytown refinery have returned to normal.

5. Enterprise: US Oil Exports To Meet 5% Of Non-US Global Demand By 2022

   Crude oil exports from the United States will increase to meet 5 percent of global demand by 2022.

6. Iran Vows Oil Exports as Cargoes Seen Unscathed by Trump Threat

   Iran will persist with exporting its oil to global customers, unfettered by Donald Trump's intensifying offensive against the country, according to the Middle East nation's state-run producer.

7. Boston Energy Research: Oil Price Outlook Unchanged

   The outlook for oil prices has not changed much in recent weeks.

8. Harvey Strikes Employment: CB&I Lays Off Hundreds

   Damages sustained by Hurricane Harvey have forced the closure of one of CB&I's facilities in Beaumont, Texas.

9. Statoil Among Firms Seeking Stakes in Abu Dhabi Offshore Blocks

   Statoil is among producers involved in discussions with ADNOC about joining offshore production in the emirate, according to a Norwegian diplomatic dispatch.

10. Permian 'Super Basin' Holds Up to $3.3 Trillion in Untapped Oil

    The Permian Basin of Texas and New Mexico holds 60 billion to 70 billion barrels of yet-to-be pumped crude oil, according to a study.