Oil & Gas Industry News

A Houthi attack damaged one of the landmarks of the Saudi Arabian capital's financial district.

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

A bipartisan plan to speed the federal approval process for major energy and infrastructure projects received the endorsement of President Donald Trump on the eve of a key Senate vote.

Which U.S. oil major produced the most in the third quarter of 2026 - ExxonMobil, Chevron, or ConocoPhillips?

Crude oil experienced its sharpest weekly decline in months on Friday, Ole S. Hansen, Saxo Bank's Head of Commodity Strategy, said in a report sent to Rigzone.

OPEC's crude production rose toward pre-war levels last month as Saudi Arabia led a further recovery in Persian Gulf supplies, according to a Bloomberg survey.

Crude prices fluctuated as traders weighed Iran diplomacy, recovering Gulf exports and broader market weakness.

UK cabinet ministers are lobbying Prime Minister Andy Burnham and Energy Secretary Miatta Fahnbulleh to approve drilling at the Rosebank oil and gas field in the North Sea.

Ukraine struck a sixth Russian oil refinery in a week.

The oil market has arrived at a remarkable destination, analysts at J.P. Morgan said.