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Rigzone Recent News

The latest upstream oil and gas news from around the world.
  1. Crude oil futures post week-on-week losses, and natural gas posts an even bigger decline.
  2. Suncor is working with Alberta's government to help mitigate the 'unintended consequences' of mandated oil production cuts.
  3. Occidental Petroleum will look for ways to cut costs other than dropping rigs, CEO Vicki Hollub says.
  4. US drillers cut four rigs this week.
  5. Returns at sophisticated refinery units that companies built at great expense are now almost on a par with those at relatively inexpensive and simple plants.
  6. UK union Unite says its 2,500 members covered by the Offshore Contractors Association are to be balloted on a new pay offer.
  7. If you want to place a bet on oil right now, you're probably better off betting on it going up than going down.
  8. Oil traded below $53 a barrel in New York, little changed a week after OPEC and its allies announced substantial output cuts.
  9. WTI crude oil rose by nearly 3% while the Brent contract price edged upward by more than 2%.
  10. Saudi Arabia plans to slash exports to the world's largest oil market in the coming weeks in an effort to dampen visible build-ups in crude inventories.
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