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.

10/21/2019: Oil Prices Rebound on Fund Manager Desperation

West Texas Intermediate (WTI) and Brent crude oil futures on Tuesday posted their first day-on-day gains since Nov. 17.

10/21/2019: Paulson Blasts Exec Pay in Callon-Carrizo Permian Deal

Paulson & Co. reiterated its opposition to Callon Petroleum's planned takeover of rival Permian Basin crude producer Carrizo Oil & Gas, this time targeting management compensation.

10/21/2019: Chevron Wins Venezuela Waiver Extension

The Trump administration extended Chevron Corp's waiver to operate in Venezuela.

10/21/2019: Oil Steady as Trade Hopes Build

Futures in New York and Brent crude in London were little changed after falling the past two days.

10/20/2019: Oil Prices Post Losses

WTI and Brent crude oil futures retreated on the first trading day of the week.

10/20/2019: Priciest Oil Auction Could Raise $50B in Brazil

An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation.

10/20/2019: Oil Extends Decline Amid Global Economy Concerns

Oil falls again after a weekly loss amid ongoing concern that a fragile economic outlook will continue to weigh on fuel demand.

10/17/2019: Oil Prices Down for the Week

Both the WTI and Brent contracts are down approximately two percent.

10/17/2019: US Natural Gas Inventories Beat Five-Year Average

This week's inventory level ends a 106-week streak of lower-than-normal natural gas inventories.

10/17/2019: US Drops Six Gas Rigs

The U.S. dropped six gas rigs and added one oil rig for a net loss of five rigs this week, according to Baker Hughes Co.