Rigzone Industry News

'China's huge crude storage capacity allows it to play an outsize role in oil markets'.

Chinese leader Xi Jinping pledged to deepen ties with Tehran after meeting Iran's President Ebrahim Raisi in Beijing, weeks after the US said it would increase pressure on China to stop buying Iranian oil.

As Western onshore wind markets grappled with many challenges, China was shielded by its massive domestic market and localized supply chain.

Massive profits made by Shell and BP in 2022 resulted in calls for windfall tax increases but OEUK claims that such calls are misleading.

Capricorn energy has made a raft of new appointments to its board of directors following the company's General Meeting.

A new Norwegian consortium will be developing the complete hydrogen value chain for the maritime sector.

Cnooc has paused a planned sale of its UK North Sea portfolio, which could have been valued at as much as $3Bn.

Chevron Corp. posted disappointing fourth-quarter results.

A new survey has found that 85% of companies have net-zero strategies, but are failing to incorporate them into daily business operations.

Canadian crude shipments to Asia are set to surge to the highest in more than a year.