Qatar Decision to Quit OPEC Surprises

by  Andreas Exarheas | Rigzone Staff | Monday, December 03, 2018 Qatar's decision to leave OPEC has been described as a 'surprise' by Cantor Fitzgerald Europe. Qatar’s decision to leave OPEC has been described as…

EnQuest Boosts Magnus Stake to 100%

by  Andreas Exarheas | Rigzone Staff | Monday, December 03, 2018 EnQuest completes the acquisition of a 75% interest in the North Sea Magnus oil field from BP. Independent oil and gas production and development…

Offshore Guyana Estimate Gets Another Upgrade

by  Matthew V. Veazey | Rigzone Staff | Monday, December 03, 2018 ExxonMobil reports that it made its 10th discovery offshore Guyana. Exxon Mobil Corp. reported Monday that it made its 10th discovery offshore Guyana.…

Canadas Plan to Cut Oil Output Boosts Crude,…

by  Bloomberg | Kevin Orland | Monday, December 03, 2018 Alberta's announcement that it will cut oil production next year to bolster prices sent crude soaring and boosted shares of Canadian producers. (Bloomberg) -- Alberta’s…

ADES Buys 11 Drilling Rigs from Weatherford

by  Valerie Jones | Rigzone Staff | Monday, December 03, 2018 In the second of a series of closings under one transaction, ADES acquires 11 drilling rigs from Weatherford International. Weatherford International plc has completed…