Rigzone Industry News

'The whole energy system needs to change, with companies taking bigger strides... in favor of renewable-energy sources'.

Worley bagged the building contract for the project, which can capture 4.3 million metric tons of CO2 a year.

Ukraine has reached its goal of storing 519.13 bcf of gas for the heating season.

This is a reversal of a trend of significant increases in EU energy imports between 2021 and 2022.

Bumi Armada and Pexco have signed a contract for the Akia PSC in the Tarakan Basin of the North Kalimantan Province.

Oil edged higher as the effect of rapidly tightening supplies outweighed a weakening risk appetite in broader markets.

Oil trader Pierre Andurand is riding a resurgence in crude prices.

Strategists at Macquarie revealed that they are forecasting a U.S. crude inventory drop.

The projects are among nine CNOOC has scheduled for startup this year.

A federal court left in place an order forcing the Biden administration to expand an upcoming sale of offshore drilling rights in the Gulf of Mexico.