Transocean loses another rig contract early
Rig company Transocean said Monday its contract for the Polar Pioneer rig, deployed offshore Alaska, was canceled early by Royal Dutch Shell. The contract was set to expire in July. Continue Reading
Man-made warming blamed for exceptional weather conditions
Two weeks after the Paris agreement on a new international effort to fight climate change, extreme weather across the world illustrates the impact that global warming is having already, in Continue Reading
Oil & Gas in Northwest Europe: 2015 Review
Rigzone looks back at a rough year in oil and gas for the industry’s workers in northwest Europe. Life has been difficult for many of Europe’s oil and gas workers Continue Reading
Ruble Slump Enters Fourth Day on Oil as Hedge Funds Turn Bearish
The Russian ruble extended declines after closing at a record low on Monday as data showed hedge funds turned bearish on the exchange rate for the first time since October. Continue Reading
Putin’s Bailout Bank Needs a Rescue; It’s an $18 Billion Whopper
For years, Vladimir Putin used Vnesheconombank (VEB) to pay for “special projects,” from the Sochi Olympics to covert acquisitions in Ukraine to oligarch bailouts. Now, the state bank needs a Continue Reading
Oil-Producing States Battered as Tax-Gushing Wells Are Shut Down
In Kern County, California, one of the nation’s biggest oil producers, tumbling energy prices have wiped more than $8 billion from its property-tax base, forcing officials to tap into reserves Continue Reading
Man-made warming blamed for exceptional weather conditions
Two weeks after the Paris agreement on a new international effort to fight climate change, extreme weather across the world illustrates the impact that global warming is having already, in Continue Reading
El Niño and record ocean warmth fueling severe weather, experts say
Record warm ocean surface temperatures in tandem with El Niño in the Pacific Ocean are driving severe weather that is leaving a trail of destruction from the U.S. to Australia, Continue Reading
Oil Halts Gains Near 3-Week High as Iran Says Exports `Priority’
Oil in New York halted gains near a three-week high as Iran repeated its goal of boosting exports after sanctions on the country are lifted. Futures were little changed after Continue Reading
Brent, U.S. crude oil prices battle for premium in weakening market conditions
International Brent and U.S. crude oil futures battled for a premium on Monday but both benchmarks fell in a market in which there is no end in sight for oversupply Continue Reading