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Rigzone Recent News

The latest upstream oil and gas news from around the world.
  1. Oil futures climb more than 1 percent to their highest in more than a week as buyers were encouraged by a small weekly decrease in U.S. production and shrugged off a surprise build in crude inventories in the world's top oil consumer.
  2. The Dallas Fed's quarterly energy survey shows an uptick in business activity, fueled by increases in oilfield services.
  3. Producers have little choice but to move those extra barrels by train, with costs two to three times higher than pipeline shipping.
  4. China is ramping up both imports and domestic production of natural gas.
  5. US crude oil inventories edged up last week while gasoline stocks decreased, the EIA says.
  6. The US and Middle East are set to boost supply of fuels such as diesel to Europe to the highest level in at least six months.
  7. Libyan oil shipments are poised to hit the highest in at least three years in the latest sign the North African country is managing to sustain a production revival.
  8. Pemex has declared force majeure over at least two cargoes of Maya crude to be loaded at its Salina Cruz terminal.
  9. Maersk Line, said its computer systems were among those hit by the global Petya cyber attack, causing it problems processing orders and delaying cargoes.
  10. The recent WannaCry, Fireball and other attacks demonstrate the growing sophistication of cyber-criminals.