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Rigzone Recent News

The latest upstream oil and gas news from around the world.
  1. Several natural gas traders last year sold the fuel into Germany's pipeline network, but now an investigation is under way.
  2. MEG Energy Corp. looks to be on its own again after Husky Energy Inc. pulled its hostile bid for the Canadian oil-sands producer.
  3. Saudi Arabia is in talks to build an oil refinery in South Africa as part of a pledge.
  4. This marks the third consecutive week of rig declines for the US.
  5. The two companies have convened and adjourned its general meeting in which they were scheduled to approve resolutions on their merger.
  6. Saipem has secured 2 EPIC contracts (Engineering, Procurement, Installation, Construction) with Saudi Aramco worth approximately $1.3 billion.
  7. Oil is going to be very much demand driven, according to Arqaam Capital.
  8. Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the IEA.
  9. Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy.
  10. The American Petroleum Institute also reported a sharp year-on-year increase in well completions.