Rigzone Oil & Gas Headlines
- Eight OPEC+ countries met virtually on January 4 'to review global market conditions and outlook', a statement posted on OPEC's site highlighted.
- 'We're going to get the oil flowing the way it should be', U.S. President Donald Trump said.
- 'The crucial question is what will happen with Venezuela's production from here. This remains hard to forecast', the analysts said.
- A data center project in Alberta that's backed by European firms has the potential to be worth as much as EUR 8 billion ($9.4 billion) over the next several years, says the head of one of the companies involved.
- Oil steadied on the first trading day of 2026 as expectations for a supply surplus offset geopolitical risks to production in several OPEC+ nations.
- Saipem bagged deals worth more than $4 billion over the final part of December, releases sent to Rigzone by the company from December 21 to December 31 showed.
- At least three tankers carrying Russian crude are indicating Reliance Industries Ltd.'s plant on India's west coast as their next destination.
- Oil and gas executives answered questions on capital spending and workforce changes in a special questions segment of the fourth quarter Dallas Fed Energy Survey.
- Gabon's President Brice Oligui Nguema fired the nation's finance minister.
- Oil finished the year sharply lower as global supply continues to outpace demand.