Rigzone Industry News

Brazil's central bank said much of the impact of its “intense and timely” cycle of interest rate hikes is still to come even as it left the door open to smaller borrowing cost increases amid a tough inflation outlook.

BOEM has completed its environmental review of potential impacts from offshore wind energy leasing activities in the Humboldt Wind Energy Area off California.

The Biden administration announced a plan Thursday to begin purchasing oil to refill the nation's emergency reserve.

Berkshire Hathaway Inc. snapped up about 5.9 million more shares of Occidental Petroleum Corp.

This will be a first-quarter earnings season full of contradictions.

Rigzone's regular market watchers focus on pump prices, lease sales, Covid trends and more.

BofA Global Research is maintaining its $102 per barrel average Brent crude oil price forecast.

President Joe Biden's bipartisan infrastructure plan, which became law in November, includes funding to build at least four hydrogen hubs.

Borr Drilling has been awarded new contracts and extensions for five of its premium jack-up drilling rigs.

Rigzone's regular market watchers focus on the U.S. Strategic Petroleum Reserve release, Russia-Ukraine peace talks, OPEC+ moves and more.