Rigzone Industry News

Westwood has revealed that the use of the worldwide onshore drilling rig fleet is recovering with dayrates increasing in several regions.

Oil rose after a government report showed the US is exporting a record number of crude and refined products as the market waits to learn whether nuclear negotiations will clear a path for Iran to sell more oil.

TMM Recruitment, Kaye/Bassman and Petroplan all have their say.

Saudi Oil Minister Prince Abdulaziz bin Salman statements about the oil futures disconnect from fundamentals is boosting the market.

Oil fell for the week as lingering concerns over a global economic slowdown overshadowed signs of improving US demand.

Oil rose for a second day as a bullish US stockpile report blunted concerns over the potential effects of an economic slowdown.

'We are running on thin ice'.

Oil settled below $90 a barrel as softer economic data from China and a potential breakthrough in negotiations with Iran eased pressure on crude markets.

A rig hired by Eco Atlantic Oil & Gas Ltd. and partners is headed for waters off South Africa.

Oil gained after the International Energy Agency boosted its forecast for global demand growth this year, easing concerns about consumption.