Rigzone Industry News

The case for another significant OPEC+ cut similar to October's is weak.

Washington on Saturday granted the San Ramon, California-based company a limited license to restart some work in Venezuela.

CGX Energy and Frontera Energy have completed final preparations ahead of the Wei-1 well spud, located in the Corentyne block off Guyana.

The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela.

Coro Energy has stabilized production rates from the Bezzecca gas field in Italy, following constrained resumption earlier in the month.

China's offshore wind market experienced phenomenal capacity growth in 2021 with the subsidy deadline passing as the key driver for the rush.

China's crude buyers have paused purchases of some Russian oil.

The country has attracted widespread criticism and a plea from John Kerry, the US's special presidential envoy for climate.

Coretrax has delivered a casing integrity solution for a major North Sea operator, eliminating the need for a casing string to be replaced.

It is obvious that crude must decarbonize. But COP27 is a reminder that oil consumption must first fall if the world is to achieve net zero.