Rigzone Industry News

State-run YPF SA said its sweeping plan to divest aging oil fields will free up hundreds of millions of dollars to invest in its shale push in the heralded Vaca Muerta formation.

Oil eased lower as a brief outage on North America's Keystone pipeline failed to shake prices out of the tightest weekly trading range in years.

Crude oil stocks in the U.S., not including the SPR, stood at 448.5 million barrels on March 1, the EIA revealed.

East Ohio Gas Company will be doing business as Enbridge Gas Ohio and will join Enbridge's Gas Distribution and Storage Business Unit.

Hess Corp. signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed.

Suncor aims to progress early stage technical and commercial feasibility assessments on a prospective oil sands lease development opportunity on Fort McKay reserve lands.

The U.S. exported 7.1 Bcfpd of LNG to Europe last year, accounting for nearly half the region's LNG imports.

'Coalition warships responded and are assessing the situation,' U.S. Central Command said.

The acquisition of Saxon increases Savanna Australia's land drilling rig fleet to 16 rigs.

'The industry is being taxed on windfall profits which no longer exist', OEUK said.