The latest oil and gas news from around the world.
Updated: 2 hours 8 min ago
China LNG Force Majeure Rejected
Two of Europe's biggest energy companies rejected a Chinese force majeure on liquefied natural gas contracts in the latest twist to a drama that's gripping global commodities markets.
McDermott Gets NYSE Delisting Date
The New York Stock Exchange intends to remove the entire class of the common stock of McDermott International from listing and registration on the Exchange on February 17.
Oil Pares Fifth Weekly Loss on OPEC+ Plan
Oil pared its fifth straight weekly loss on optimism that OPEC+ will deepen output cuts.
Top Rigzone Articles Roundup
Here's a roundup of Rigzone's top five most popular articles during the last week, just in case you missed them...
Top 30 High Impact Wells in 2020
Rystad Energy has identified what it considers the top 30 high impact wells that will be drilled this year.
Fitch Solutions Slashes Oil Price Forecast
Fitch Solutions Macro Research has revised down its Brent oil price forecast for 2020.
Oil Climbs on Hopes Russia Will Agree to OPEC Cuts
The uptick was on hopes that OPEC and its allies would further curb oil production.
US Considering Sanctions on Rosneft
American officials are wary that the move could cause chaos in global oil markets.
Tullow to Cut 40 Percent of Its Jobs in Kenya
About 35 workers will become redundant.
BJ Services Advances TITAN Fracturing Pump Platform
The company plans to deploy the first commercial TITAN fleet in the second half of 2020.
McDermott Wins Large SURF BHP Contract
The project is expected to be completed in August 2020.
Brazil FPSO Contract Goes to Aibel
Service company Aibel reported that it has won a FEED contract for an FPSO that MODEC will construct for Equinor.
Global Oil, Gas Discoveries Hit Four-Year High in 2019
2019 was the best since 2015 for new hydrocarbon supplies.
Total Profit Beats Estimates
Total SA's fourth-quarter profit beat even the highest estimate as record production offset the impact of slumping natural gas prices and strikes at its French oil refineries.
Majors Bring West of Shetland Field Online
BP and Shell have brought the west of Shetland Alligin field online.
Wood to Sell Industrial Services Business
Wood has announced the sale of its industrial services business to technical services provider Kaefer.
Fitch Slashes Oil Price Forecast
Fitch Solutions Macro Research has revised down its Brent oil price forecast for 2020.
Oil Up on OPEC+ Optimism and China Tariff Cut
Oil surged for a second day on optimism OPEC+ will agree on deeper cuts in response to virus-led demand destruction, and as China signaled it will cut tariffs on imports from the U.S. later this month.
UK Adds Hybrids to Planned Vehicle Sale Ban
The U.K. Government plans to move up its ban on new ICE vehicle sales.
Oil Ends 5-Day Losing Streak
An OPEC+ production cut overshadowed an uptick in US crude inventories.
