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Virus Causes New Offshore UK Travel Policy
Friday, March 13, 2020 The UK oil and gas industry has agreed a new travel policy for offshore installations following the outbreak of the coronavirus.
OPEC+ Wages War on US Shale Sector
Friday, March 13, 2020 Here are some of Rigzone's top stories during the last week, just in case you missed them...
Texas Shale Heartland Rattled by Virus and Price War
Friday, March 13, 2020 Just last week, when crude oil prices fell to $46 a barrel, the mayor of the biggest city in the world's largest shale oil patch seemed oddly calm, almost relieved.
Oil Market Hits and Misses for the Week
Friday, March 13, 2020 Rigzone panelists offer their take on market developments for the week ending March 13, 2020.
Shale Drillers Seek Jones Act Waiver to Ease Price Pain
Friday, March 13, 2020 US oil companies are encouraging the Trump administration to waive a law that says only American vessels can transport goods among US ports.
US to Buy Large Quantities of Oil for Reserve
Friday, March 13, 2020 President Trump said he's instructed the Energy Department to buy crude "at a very good price."
Oil Down 23 Percent for the Week
Friday, March 13, 2020 Oil posted the biggest weekly plunge since 2008.
Oil Drops After US Restricts Travel from Europe
Thursday, March 12, 2020 Oil resumed declines after President Donald Trump said the U.S. would restrict travel from Europe for the next 30 days.
Focus On: Transportation & Pipelines
EIA Slashes Oil Price Forecasts
Thursday, March 12, 2020 The U.S. Energy Information Administration has slashed its oil price forecasts in its latest short-term energy outlook.
OPEC+ to Hold Committee Meeting by Phone
Thursday, March 12, 2020 The next meeting of the OPEC+ technical committee to assess compliance with the group's final month of production cuts will be held by phone.
Which US Oil Companies Are Going to Struggle?
Thursday, March 12, 2020 U.S. shale companies that are highly leveraged will struggle with the current low oil prices due to the nature of their business model, Edison outlines.
Icahn Anticipates Strong Bids to Emerge for Oxy on Oil Rebound
Thursday, March 12, 2020 Activist investor Carl Icahn expects oil prices will rebound in the near to medium term and that "strong bids" will emerge for Oxy.
Oil Set for Worst Week Since 2008
Thursday, March 12, 2020 Futures in New York tumbled 4.5 percent on Thursday and are on track for a 24 percent weekly drop.
Volume War Likely Until Next OPEC+ Meeting
Wednesday, March 11, 2020 We're likely in for a volume war until the next scheduled OPEC+ meeting in June, according to Rystad Energy.
Oil Workers Test Positive for Virus
Wednesday, March 11, 2020 One Equinor worker and one Shell worker have tested positive for the coronavirus.
US Suspends Oil Sale
Wednesday, March 11, 2020 The U.S. Department of Energy is suspending its recently announced sale of crude oil from the strategic petroleum reserve.
SocGen Turns Bullish on Oil 77彩票注册官网
Wednesday, March 11, 2020 Societe Generale SA has moved to overweight from neutral on European oil & gas shares in the face of the turmoil in the energy and stock markets.
Harold Hamm Seeks US Dumping Probe Into Saudi Oil Flood
Wednesday, March 11, 2020 Shale billionaire Harold Hamm wants to file a complaint with the US Department of Commerce against Saudi Arabia for "illegal" dumping of crude.
Oil Falls Amid OPEC Market Share Battle, Virus Woes
Wednesday, March 11, 2020 Oil resumed its slide alongside equities.
Coronavirus Accelerates Inevitable Crumbling Of OPEC+ Bonhomie
Tuesday, March 10, 2020 An unsustainable oil producers' alliance gets undone by an unprecedented crude demand crisis that has forecasters shooting blind.
WoodMac Sees Potential New Wave of Cost-Cutting
Tuesday, March 10, 2020 A major industry shake-up akin to that of the late-1990s could be on the horizon.
Oil Claws Back Some Losses After Crash
Tuesday, March 10, 2020 Oil clawed back some losses after its biggest drop in three decades as investors grappled with simultaneous supply and demand shocks and the most volatile market on record.
Oil Prices Will Eventually Rebound
Tuesday, March 10, 2020 Oil prices will eventually rebound, according to Cantor Fitzgerald Europe.
Texas Oil Bodies Respond to Oil Price Crash
Tuesday, March 10, 2020 The Texas Independent Producers & Royalty Owners Association and the Texas Oil & Gas Association have spoken to Rigzone following the latest oil price crash.
Talos Cancels Investor Event Due to Virus
Tuesday, March 10, 2020 Talos Energy Inc. revealed Monday that it is cancelling its analyst and investor event scheduled for March 12 in New York City.
Russia Keeps Door Open for OPEC+
Tuesday, March 10, 2020 Russia stepped up its price war with Saudi Arabia by warning it can raise oil production, while also saying further cooperation with OPEC is possible.
Oil Rebounds as Lawmakers Weigh Stimulus
Tuesday, March 10, 2020 Oil bounced back from its biggest plunge in 29 years.
What to Watch in the Oil Market This Week
Monday, March 09, 2020 Here's a preview of oil market influences to pay attention to this week.
Oil Crashes 31 Percent After Price War Erupts
Monday, March 09, 2020 Oil markets crashed more than 30 percent after the disintegration of the OPEC+ alliance triggered an all-out price war between Saudi Arabia and Russia.
Oil Crash Sends Shock Through Virus Crippled World
Monday, March 09, 2020 Another shockwave is about to rip through a world economy already reeling from the coronavirus.
OPEC+ Going to War with US Shale
Monday, March 09, 2020 OPEC+ is going to war with U.S. shale, according to Sandhill Strategy co-founder Katie Bays.
Total Cuts International Travel to Strict Minimum
Monday, March 09, 2020 Oil major Total revealed Friday that it has reduced international business travel to the 'strict minimum'.
Standard Chartered Cuts Oil Price Forecast by $29
Monday, March 09, 2020 Standard Chartered revealed Monday that it has lowered its 2020 average Brent oil price forecast by $29 per barrel to $35 per barrel.
Oil Plunges Most Since 1991
Monday, March 09, 2020 Futures slumped by about 25 percent in New York and London Monday as Moscow and Riyadh began an all-out price war.
Blockchain 'Genie' Spreading Offshore
Friday, March 06, 2020 Offshore oil and gas players are increasingly adopting blockchain-based 'smart contracts,' according to a Houston-based tech entrepreneur.
Oil Extends Collapse as Russia and OPEC Square Off
Friday, March 06, 2020 Oil extended its slide from the lowest close in more than two years as investors wait for a Russian response to OPEC's plan for deeper and longer cuts.
OTC 2020 Still On Despite Virus Outbreak
Friday, March 06, 2020 This year's Offshore Technology Conference is currently scheduled to go ahead, despite the outbreak of the COVID-19 coronavirus in the United States.
TechnipFMC Job Cuts Just Around the Corner
Friday, March 06, 2020 Here are Rigzone's top stories during the last week, just in case you missed them...
OPEC+ On Brink of Failure
Friday, March 06, 2020 Russia resisted pressure from its OPEC allies to make deeper production cuts.
Oil Market Hits and Misses for the Week
Friday, March 06, 2020 Rigzone panelists weigh in on market developments for the week ending March 6, 2020.
OPEC+ Talks Fizzle, Straining Russia-Saudi Alliance
Friday, March 06, 2020 The oil market now faces double jeopardy.
Oil Plunges Most Since 2008
Friday, March 06, 2020 Futures plummeted more than 9 percent as talks between members of the OPEC+ group collapsed in Vienna.
Alberta to Provide $100MM Loan for Decommissioning Efforts
Thursday, March 05, 2020 The loan aims to create 500 jobs and ramp up investment in the region’s oil and gas sector.
US Stimulus Boosts Oil
Thursday, March 05, 2020 Oil resumed gains as the U.S. passed an emergency spending bill to combat the impact of the coronavirus.
1Q Oil Demand Fall Expected to be Largest Ever
Thursday, March 05, 2020 World oil demand is expected to decline by the largest volume in history in the first quarter.
US Crude Oil Exports Increase 45 percent in 2019
Thursday, March 05, 2020 The U.S. Energy Information Administration revealed Wednesday that U.S. crude oil exports averaged 2.98 million barrels per day last year.
OPEC Agrees Big Output Cut
Thursday, March 05, 2020 OPEC ministers agreed among themselves that oil production should be cut by 1.5 million barrels a day to offset the huge demand hit from the coronavirus epidemic.
Oil Falls to a 3-Year Low on Ongoing OPEC+ Cut Indecision
Thursday, March 05, 2020 Brent crude settled below $50 a barrel for the first time since July 2017.
How is the Renewables Quest Impacting Exploration Appetites?
Wednesday, March 04, 2020 A global energy transformation is happening, but oil exploration activities are still key for the energy mix.
Oil Up After OPEC+ Experts Suggest Deeper Cuts
Wednesday, March 04, 2020 Oil's rebound extended into a third day after OPEC+ experts recommended deeper production cuts to combat the demand hit from the coronavirus.
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