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The latest oil and gas news from around the world.
Updated: 2 hours 55 min ago

Noble Corp Sells 4 Jackups for $292MM

Tue, 08/31/2021 - 19:14
Noble Corporation (NYSE: NE) has announced that subsidiaries of the company have reached a definitive agreement to sell four jackups to ADES International Holding Ltd for $292 million.

North Sea Troll Phase 3 Project Online

Tue, 08/31/2021 - 18:32
Equinor (NYSE: EQNR) has announced that production has started from the Troll phase 3 project in the North Sea.

95 Percent of GOM Oil Production Still Offline

Tue, 08/31/2021 - 17:24
The BSEE estimates that approximately 94.6 percent of the current oil production in the Gulf of Mexico remained shut in on August 30 as a result of storm Ida.

Oil Heads for Monthly Loss Before OPEC+ Meet

Tue, 08/31/2021 - 15:54
Oil headed for the biggest monthly loss since October as investors weighed the prospect of additional OPEC+ production and the restoration of crude output in the U.S. after Hurricane Ida.

Oil Up On Moderate Impacts From Hurricane Ida

Tue, 08/31/2021 - 03:53
Oil closed modestly higher Monday in New York as offshore explorers assess damage from Hurricane Ida and investors shift focus to an OPEC+ meeting that could see more supply added to the market.

Noble Rig Survives Hurricane Conditions

Tue, 08/31/2021 - 02:57
One of Noble Corp.'s three U.S. Gulf drillships that scrambled to evade Ida's path faced hurricane-force conditions and survived.

Aker BP May Have Drilled Its Last Well in the Barents

Mon, 08/30/2021 - 23:16
Aker BP ASA, Norway's second-biggest oil operator, isn't planning on drilling for more oil and gas in the Arctic Barents Sea.

Trudeau Pledges Tighter Rules for Oil Cos

Mon, 08/30/2021 - 21:35
Prime Minister Justin Trudeau said his government would require Canada's oil and gas sector to set benchmarks to reduce emissions if he is re-elected.

Gas Price Pain Ahead if Refiners Face Restart Struggle

Mon, 08/30/2021 - 20:14
Some U.S. motorists who'd been expecting an end-of-summer relief for gasoline prices should start bracing for higher costs at the pump in the coming days due to Hurricane Ida.

Libya Oil Tensions Rise

Mon, 08/30/2021 - 19:49
The head of Libya's state energy company was suspended, the oil minister said, in a move that raises tensions and potentially threatens stability in a sector that serves as the OPEC nation's financial lifeline.

CNOOC Brings Another Field Online

Mon, 08/30/2021 - 19:02
CNOOC Limited (NYSE: CEO) has announced that the Bozhong 26-3 oilfield expansion project has commenced production.

USA Adds 5 Rigs Week on Week

Mon, 08/30/2021 - 18:28
The United States added five rigs week on week, according to Baker Hughes' latest rotary rig count, which was released on August 27.

Atlantic Tropical Activity Beginning to Build

Mon, 08/30/2021 - 17:21
In this week's preview of what to watch in oil and gas markets, Rigzone's regular energy prognosticators flag up dangerous weather patterns, continuing Covid concerns, lease sale developments and more.

Ida Shuts in Majority of Gulf of Mexico Production

Mon, 08/30/2021 - 15:26
The Bureau of Safety and Environmental Enforcement estimates that approximately 95.65 percent of the current oil production in the Gulf of Mexico has been shut in as a result of Hurricane Ida.

Cat 4 Hurricane Ida and Winds of 150 MPH on Crash Course With Louisiana

Sun, 08/29/2021 - 23:08
Historic hurricane Ida approaches Louisiana and landfall Sunday (NOAA).

Subsea UK Urges Sector to Assemble for Subsea Expo

Sun, 08/29/2021 - 22:24
Subsea UK has urged the industry to come together for next year's Subsea Expo 'to explore the oceans of opportunity' in the blue economy.

Fire Reported on Gulf of Mexico Rig and More

Sat, 08/28/2021 - 20:43
Here are some of Rigzone's top stories during the last week, just in case you missed them...

Oil Posts Largest Weekly Gain In Over A Year

Sat, 08/28/2021 - 03:37
Oil advanced as a brewing hurricane shuts Gulf of Mexico crude production while the Federal Reserve reinforced its support to begin tapering stimulus by the end of the year.

Investors Keep the Faith in Pemex

Sat, 08/28/2021 - 02:34
It seems that every blow to Mexico's state-run oil company just reinforces bondholders' faith in its long-term outlook.

Record Plastic Prices May Go Stratospheric

Sat, 08/28/2021 - 00:50
Record plastic prices are poised to push even higher.