Oil & Gas Industry News

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

U.S. upstream mergers and acquisitions hit $38 billion in the first quarter of this year before volatility 'pause[d]… the market', Enverus Intelligence Research noted.

The U.S. Energy Information Administration has widened its global oil deficit projection for 2026.

Trump said he stopped short of asking Xi to lean on Iran to ease traffic through the passage, but predicted the Chinese leader would do so.

Traders remain focused on tightening crude supplies and fragile Middle East ceasefire conditions.

'The increase in upstream employment in March ... demonstrates the strength and resilience of our industry', TIPRO President Ed Longanecker said.

The U.S. Energy Information Administration revealed its latest oil price forecasts in its May short term energy outlook.

Rigzone talks to oil and gas analysts from Standard Chartered, Wood Mackenzie, and the American Enterprise Institute.

Cuba said the country has completely run out of the diesel and fuel oil it needs to keep its power plants running.

Oil prices steadied as Trump and Xi discussed Iran and energy trade.