Industry News

Rigzone delivers the latest headlines for Oil and Gas industry news; analysis of issues and events; practical technology for design, operation and maintenance; and important statistics on international markets and activity.

2/20/2019: Brent-WTI Spread Likely to Continue to Narrow

The Brent-WTI spread is likely to continue to narrow in the near term, according to Cantor Fitzgerald Europe.

2/20/2019: Oil Extends Gains

Oil extended gains from a 3-month high as industry data signaled a limited increase in American crude stockpiles, and on signs that the U.S. and China are moving closer to a trade deal.

2/19/2019: Crude Oil Up Amid Growing Spread

Both the WTI and Brent finished higher Wednesday as the spread between the two benchmarks reached levels not seen since Nov. 2018.

2/19/2019: Devon Energy to Divest Barnett Shale, Canadian Oil Sands Assets

In a move to becoming a U.S. oil growth business, Devon Energy's board of directors approved the company's separation of its Canadian oil sands and Barnett Shale assets.

2/19/2019: Saudi Arabia is Overtightening the Market Again

The Saudis are overtightening the market once again, according to Vanda Insights.

2/19/2019: Oil Holds Near 3-Month High

Oil held near a 3-month high as production cuts by Saudi Arabia tempered concerns a trade war between the world's 2 biggest economies will continue to weigh on the global growth outlook.

2/18/2019: WTI Settles Above $56

Analyst offers insights on oil market drivers from 1600 Pennsylvania Avenue and other locales.

2/18/2019: Oil Holds Gains

Oil held gains at a 3 month high as investors focused on the prospects for a resolution to the U.S.-China trade war and signs of sliding shipments from the world's biggest crude exporter.

2/18/2019: How Industry 4.0 is Reshaping Oil and Gas Recruitment

Slowly but surely, the proliferation of IIoT, robotics, augmented and virtual reality are leading to a step change in hiring strategies.

2/17/2019: Crude Oil Edges Upward

Both the WTI and Brent crude oil benchmarks posted gains.