Oil & Gas Industry News

North America's rig count dropped by 10 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Escalations over the past week have damaged the media narrative that has built up over the past few weeks, Standard Chartered Bank Energy Research Head Emily Ashford told Rigzone.

A 'powerful' cross-industry group is delivering a 'strongly worded letter' to the incoming UK government, a statement sent to Rigzone by OEUK recently noted.

The Iran-backed Houthi group in Yemen fired ballistic missiles and drones on Saudi Arabia.

Oil surged after President Trump announced plans to reinstate a blockade on Iranian shipping and impose fees on cargo moving through the Strait of Hormuz.

Falling fertility rates threaten long term energy demand, Wood Mackenzie warned.

'Fresh strikes by U.S. and Iran renewed concerns about the safe passage of oil and other key commodities through the narrow waterway', Saxo Bank said.

The U.S. and Iran exchanged fresh strikes overnight into Monday.

International Energy Agency Executive Director Fatih Birol pressed the European Union to revisit its moratorium on drilling for oil and gas in the Arctic.

'The Outer Continental Shelf presents a significant opportunity to support the future of America's space economy', Acting BOEM Director Matt Giacona said.