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Rigzone

@Rigzone

The world's number one destination for oil & gas news, jobs and events

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Joined October 2008
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Oil prices plunged more than 7% as Washington and Tehran signaled openness to renewed peace negotiations. #oilgas #oilandgas #oilprices #finance #business #OOTT rigzone.com/news/wire/oil_pr…
Oil Prices Sink as Iran Signals Talks

Oil Prices Sink as Iran Signals Talks

Oil prices plunged more than 7% as Washington and Tehran signaled openness to renewed peace negotiations.

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President Donald Trump said he may have to become 'Mr. Veto' if Democrats win a majority in the midterms. rigzone.com/news/wire/trump_… #oilgas #energynews #oilandgas
Trump Threatens Vetoes if Democrats Win

Trump Threatens Vetoes if Democrats Win

President Donald Trump said he may have to become 'Mr. Veto' if Democrats win a majority in the midterms.

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Kistos agreed to acquire a 30 percent stake in the Seaward Production Licenses containing the planned Abbey and Baker natural gas projects on the United Kingdom's side of the North Sea. rigzone.com/news/kistos_to_a… #oilgas #energynews #oilandgas
Kistos to Acquire 30 Percent in Abbey, Baker Gas Fields

Kistos to Acquire 30 Percent in Abbey, Baker Gas Fields

Kistos agreed to acquire a 30 percent stake in the Seaward Production Licenses containing the planned Abbey and Baker natural gas projects on the United Kingdom's side of the North Sea.

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Eni and Petronas began production at the Maha field in Indonesia's Kutei Basin, a tieback project that grows the capacity of the Jangkrik FPU by up to 250 million cubic feet per day of natural gas. rigzone.com/news/eni_starts_… #oilgas #energynews #oilandgas
Eni Starts Production at Maha Gas Field offshore Indonesia

Eni Starts Production at Maha Gas Field offshore Indonesia

Eni and Petronas began production at the Maha field in Indonesia's Kutei Basin, a tieback project that grows the capacity of the Jangkrik Floating Production Unit by up to 250 million standard cubic...

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BP completed a deal to offload its Castrol lubricants business, giving the oil and gas major $6 billion to pay down debt as it works to repair the balance sheet. rigzone.com/news/wire/bp_com… #oilgas #energynews #oilandgas
BP Completes $6B Sale of 65 Percent Stake in Castrol

BP Completes $6B Sale of 65 Percent Stake in Castrol

BP completed a deal to offload its Castrol lubricants business, giving the oil and gas major $6 billion to pay down debt as it works to repair the balance sheet.

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Major OPEC+ nations reaffirmed plans to keep oil production quotas unchanged in December as conflict in the Middle East continues to curb swaths of the group's output. rigzone.com/news/wire/opec_k… #oilgas #energynews #oilandgas
OPEC Keeps December Output Targets Unchanged

OPEC Keeps December Output Targets Unchanged

Major OPEC nations reaffirmed plans to keep oil production quotas unchanged in December as conflict in the Middle East continues to curb swaths of the group's output.

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TotalEnergies executed a swap transaction with Chevron that gives the French company a 25 percent stake in 26 leases operated by its United States rival in the Gulf of America. rigzone.com/news/totalenergi… #OOTT #oilgas #energy
TotalEnergies, Chevron Expand Exploration Partnership in US Gulf

TotalEnergies, Chevron Expand Exploration Partnership in US Gulf

TotalEnergies executed a swap transaction with Chevron that gives the French company a 25 percent stake in 26 leases operated by its United States rival in the Gulf of America.

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BP announced a new hydrocarbon discovery in Brazil's Santos Basin, in the deepwater Tupinamba block. rigzone.com/news/bp_makes_ne… #OOTT #oilgas #energy
BP Makes New Discovery offshore Brazil

BP Makes New Discovery offshore Brazil

BP announced a new hydrocarbon discovery in Brazil's Santos Basin, in the deepwater Tupinamba block.

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Oil climbed as traders gauged Washington's appetite for renewed military escalation against Iran. rigzone.com/news/wire/oil_cr… #OOTT #oilgas #energy #oilprice
Oil Creeps Higher Amid Uncertainty Over USA Strategy in Iran

Oil Creeps Higher Amid Uncertainty Over USA Strategy in Iran

Oil climbed as traders gauged Washington's appetite for renewed military escalation against Iran.

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Junin-5 restarted operations following the execution of the new license between Eni and Venezuela, under which the heavy oil field is planned to increase production to 200,000 barrels per day by 2028. rigzone.com/news/eni_reactiv… #OOTT #oilgas #Venezuela
Eni Reactivates 'Supergiant' Venezuelan Oilfield

Eni Reactivates 'Supergiant' Venezuelan Oilfield

Junin-5 restarted operations following the execution of the new license between Eni and Venezuela, under which the heavy oil field is planned to increase production to 200,000 barrels per day by 2028.

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Commercial crude oil stocks, not including the SPR, came in at 410.625 million barrels on October 23, the EIA's latest weekly petroleum status report showed. rigzone.com/news/usa_crude_o… #OOTT #oilgas #USA
USA Crude Oil Stocks Drop Week on Week

USA Crude Oil Stocks Drop Week on Week

Commercial crude oil stocks, not including the SPR, came in at 410.625 million barrels on October 23, the EIA's latest weekly petroleum status report showed.

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'An underwater remotely operated vehicle has located the bodies of three individuals', Borr Drilling revealed. rigzone.com/news/bodies_disc… #OOTT #oilgas #energy
Bodies Discovered After Rig Sinks Offshore Gabon

Bodies Discovered After Rig Sinks Offshore Gabon

'An underwater remotely operated vehicle has located the bodies of three individuals', Borr Drilling revealed.

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The UK's Autumn Budget was described by global chemical company Ineos as 'a major missed opportunity to save British manufacturing'. rigzone.com/news/ineos_respo… #OOTT #oilgas #energy #UK #Budget
Ineos Responds to UK Budget

Ineos Responds to UK Budget

The UK's Autumn Budget was described by global chemical company Ineos as 'a major missed opportunity to save British manufacturing'.

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An appraisal well showed that the Afrodite discovery near the Kvitebjorn field on Norway's side of the North Sea potentially holds 77-180 million barrels of oil equivalent recoverable natural gas and condensate. rigzone.com/news/equinor_dou… #oilgas #energynews #oilandgas
Equinor Doubles Estimate for Afrodite Gas Discovery

Equinor Doubles Estimate for Afrodite Gas Discovery

An appraisal well showed that the Afrodite discovery near the Kvitebjorn field on Norway's side of the North Sea potentially holds 77-180 million barrels of oil equivalent recoverable natural gas and...

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BP said profit surged to the highest in 18 years as soaring refining margins boosted earnings, while a sharp drop in net debt moved the British energy major closer to a position where it could restart buybacks. rigzone.com/news/wire/bp_pos… #oilgas #energynews #oilandgas
BP Posts Highest Quarterly Profit in 18 Years

BP Posts Highest Quarterly Profit in 18 Years

BP said profit surged to the highest in 18 years as soaring refining margins boosted earnings, while a sharp drop in net debt moved the British energy major closer to a position where it could...

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Oil fluctuated in a choppy session as traders weighed conflicting signals on the direction of U.S. military strategy in Iran. rigzone.com/news/wire/oil_wa… #OOTT #oilprice #energy
Oil Wavers on Conflicting Reports of USA Military Moves

Oil Wavers on Conflicting Reports of USA Military Moves

Oil fluctuated in a choppy session as traders weighed conflicting signals on the direction of U.S. military strategy in Iran.

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EQT's acquisition of Range Resources 'creates America's largest natural gas producer', Wood Mackenzie highlighted. rigzone.com/news/eqtrange_co… #OOTT #oilgas #energy
EQT-Range Company Will Stand 25Pct Clear of Nearest Rival

EQT-Range Company Will Stand 25Pct Clear of Nearest Rival

EQT's acquisition of Range Resources 'creates America's largest natural gas producer', Wood Mackenzie highlighted.

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Repsol has budgeted EUR 11.5 billion in investment at home through the decade to support Spain's energy security and advance the company's transition to a lower-carbon future. rigzone.com/news/repsol_expe… #OOTT #energy #security #lowcarbon
Repsol Expects to Invest Nearly $13B in Spain through 2030

Repsol Expects to Invest Nearly $13B in Spain through 2030

Repsol has budgeted EUR 11.5 billion in investment at home through the decade to support Spain's energy security and advance the company's transition to a lower-carbon future.

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There's a 66 percent chance that Democrats 'sweep' the midterms, according to Polymarket's website. rigzone.com/news/what_would_… #OOTT #oilgas #energy #USA #midterm
What Would a Midterm Democrat Sweep Mean for USA Oil, Gas?

What Would a Midterm Democrat Sweep Mean for USA Oil, Gas?

There's a 66 percent chance that Democrats 'sweep' the midterms, according to Polymarket's website.

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The 2026 UK Budget delivered by UK Chancellor of the Exchequer John Healey on Wednesday 'missed bigger opportunities', industry body Offshore Energies UK said. rigzone.com/news/oeuk_says_b… #OOTT #oilgas #UK #Budget
OEUK Says Budget 'Missed Bigger Opportunities'

OEUK Says Budget 'Missed Bigger Opportunities'

The 2026 UK Budget delivered by UK Chancellor of the Exchequer John Healey on Wednesday 'missed bigger opportunities', industry body Offshore Energies UK said.

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