Earth might be looking a little worse for wear, after the last four-hundred years of reckless wide-scale resource extraction, but to its credit it hasn’t collapsed entirely. Despite our best Continue Reading
Oil prices were flat amid light trading at the end of the week after strong gains on Thursday. The EIA reported some mixed figures – more strong oil production gains Continue Reading
The number of active oil and gas rigs rose this week, according to Baker Hughes data , increasing by 1 rig, for a total of 931 rigs currently in operation Continue Reading
Oil producers will discuss an exit strategy for their deal on cutting output once the market moves closer towards being balanced, Russian Energy Minister Alexander Novak said in remarks published Continue Reading
Volatility is the name of the game for oil prices, and in this end-of-year wrap-up, Rigzone shows the ups and downs that were present in this year’s predictions. Predicting the Continue Reading
The world is turning its back on oil. But how quickly? Technological advances driven by the threat of climate change could mean the world’s thirst for petroleum tops out sooner Continue Reading
Italian energy company Eni said Friday it grabbed a stronger hold over a reservoir in Kazakhstan it said has a “significant” potential for oil resources. The Kazakh government and a Continue Reading
Saudi Arabia on Thursday made the first payment totaling US$533 million (2 billion riyals) as part of its new household allowance program that reaches 10.6 million beneficiaries, before it starts Continue Reading
Saudi Arabian Prince al-Waleed bin Talal, shown in July, has been detained in the Riyadh Ritz-Carlton since early November. Saudi authorities are demanding at least $6 billion from Saudi Prince Continue Reading
The quick turnaround from discovery to production hasn’t gone unnoticed in the industry. It represents a seismic shift for Big Oil. The fact even senior managers privately described the plan Continue Reading
