Rigzone Industry News

Eni has started production from two gas fields related to the Berkine Sud contract in Algeria just six months after the contract was awarded.

European natural gas prices declined amid growing stockpiles and imports of LNG, while the region tries to ease an unprecedented energy crisis.

Energean has made a commercial gas discovery in the Hermes exploration well offshore Israel.

The European Union backed a new package of sanctions against Russia.

European gas has moved decisively into BofA Global Research's 'ugly' scenario.

Eni SpA is working with Gazprom PJSC and Austria to restore Russian natural gas flows to Italy.

Saipem has been awarded two new contracts in the Ivory Coast worth approximately 1 billion Euro ($971 million) overall.

The Government of Equatorial Guinea has accepted Vaalco Energy's plan of development for the Venus – Block P project.

European Union member states are racing to clinch a political agreement within weeks that would impose a price cap on Russian oil.

The EU's measures to tackle the energy crisis may fall short of their intended goals, at least regarding renewable energy ambitions.