Rigzone Industry News

'In order to increase reserves, it is necessary to have areas to explore for oil and gas'.

The EU wants international gas suppliers to offer to sell gas on its newly created purchase platform.

A consortium led by ExxonMobil has given the greenlight for final installations.

The new system comes after Canada's regulator rejected an earlier proposal favoring bigger oil sellers.

Prices risk more than doubling with a demand revival.

The main driver of growth in MENA shifts to non-oil activities.

The industry may have yet to feel the need to make adjustments.

EnerMech has turned to experienced industry leader Ian Spenceley for a key position as its rapid growth continues.

Exxon Mobil Corp. and Chevron Corp. are reaping profits not seen since oil topped $145.

Eni trimmed its 2023 earnings guidance due to lower gas prices.