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Rigzone Recent News

The latest oil and gas news from around the world.
  1. WTI jumped 12% Friday as disrupted shipping and supply fears pushed crude toward $100 a barrel.
  2. Rigzone talks to Rebecca Babin, a senior equity trader for CIBC Private Wealth in New York.
  3. Maritime traffic in the Strait of Hormuz has ground to a near-complete halt, with no oil shipments going through in the past 24 hours.
  4. The widening conflict in the Middle East is stoking fears over a global energy crunch.
  5. 'Both companies recognize the challenge of declining production on the NCS in the coming decade'.
  6. Analysts at BMI, a Fitch Solutions company, revealed that they expect 'significant yet short lived rallies in oil and gas prices'.
  7. Chevron signed an agreement to supply about 14 petajoules of locally produced natural gas over five years to Horizon Power, a power utility serving Western Australia.
  8. 'At a time of huge global uncertainty, the UK should be making decisions for the long term in the interests of energy security', OEUK CEO David Whitehouse said.
  9. Libya's NOC said the Sarir refinery is back to producing gasoline after a three-year hiatus.
  10. Over 10 million barrels of Russian crude have already been bought, according to people with direct knowledge of the deals.
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