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.

1/16/2018: Ivory Coast Awards Tullow Two New Oil and Gas Blocks

Africa-focused Tullow now holds stakes in nine Ivorian blocks.

1/16/2018: US Feb Shale Output Expected to Rise to 6.55 Mln Bpd -EIA

The global oil market has been closely watching U.S. output, which may continue to contribute to global oversupply.

1/16/2018: Trump's Offshore Oil Plan Will Struggle to Lure Rigs From Guyana

A string of major discoveries offshore Guyana has drawn hundreds of millions of dollars in a quest for crude.

1/16/2018: Kuwait Oil Minister Says So Far No Plan To Exit Oil Cuts

Kuwait's oil minister Bakhit al-Rashidi says there is no plan or intention so far to exit from a production-cutting agreement among OPEC and non-OPEC oil producers.

1/16/2018: NDA to Carry Out 'Deadly' Attacks in Next Few Days

The Niger Delta Avengers (NDA) warns that it will carry out deadly attacks on Nigerian oil sector players in the next few days.

1/15/2018: Oil Rally Stumbles on Fears Hedge Fund Buying Spree Went Too Far

1/15/2018: Hess Cutting Hundreds of Workers As It Battles Activist Investor

Hess Corp is cutting roughly 13 percent of its workforce.

1/15/2018: ExxonMobil Reports Papua New Guinea Discovery

Latest PNG discovery confirms southeast extension of P'nyang field.

1/15/2018: Penguins FID Marks End of Cautious North Sea Era

Royal Dutch Shell plc's decision to go ahead with the redevelopment of the Penguins oil and gas field marks the end of the cautious North Sea era.

1/14/2018: Survey Finds N. America Respondents Bearish on Oil Price Predictions

A recent Rigzone survey reveals the outlook of North America respondents.