Rigzone Industry News

Some of the world's biggest oil and gas companies are expected to expand their international budgets by 12 percent in 2023, down from an increase of 26 percent this year, according to a survey from Evercore ISI.

Equinor has fired up Phase 1 of the Askeladd field which will bring 18 bcm of gas to the market via the Hammerfest LNG plant.

The plan to intervene in the market, unveiled by the European Commission last month, has caused a deep rift among member states.

Stockpiles of diesel-type fuel in northwest Europe are set to rise.

EnerMech has acquired Stork Australia and New Zealand for an undisclosed sum as part of its plan for diversification into new markets.

Liquefied natural gas imports from Russia are up about 40 percent in a year.

Eni and BF have signed a collaboration agreement to evaluate the development of crops for energy use in Italy.

EU diplomats suspended talks on capping Russian oil prices, as Poland and the Baltic states said no to a 'too generous' proposal to Moscow.

EnQuest has reported higher production for the first 10 months of 2022 when compared to the corresponding period in 2021.

European Union diplomats are set to meet Friday evening to see if they can hammer out a final deal.