Rigzone Industry News

U.S. crude oil production will average more than 13 million barrels per day, according to the EIA's latest short term energy outlook.

NOAA forecasters have increased the likelihood of an above-normal Atlantic hurricane season to 60 percent.

Brent crude has climbed almost 20 percent since late June.

Oil's rally sputtered amid a slump in summertime liquidity, leaving the commodity at the mercy of volatile, broader markets.

Shares in Covestro rose as much as 8.8 percent on Monday.

Beach Energy has chosen a new Managing Director and Chief Executive Officer.

The project is subject to a successful financial close under the U.S. Department of Energy's Title 17 Clean Energy Financing Program.

North America has dropped rigs again week on week.

The U.S. and UK both posted warnings of an increased risk to commercial shipping near Iran's waters in the Strait of Hormuz.

Frontera Energy Corporation reported a net income of $80.2 million, or $0.94 per share, in the second quarter.