Rigzone Industry News

Italy's government is planning the sale of up to four percent of Eni SpA.

The 98/2 project is expected to boost ONGC's total oil production by 11 percent and gas production by 15 percent.

India signed contracts for 13 hydrocarbon blocks opened for bidding in the last two years.

Avangrid terminated its acquisition of PNM after the deadline for consummation lapsed without the obtention of all regulatory approvals.

Iran dispatched a warship to the Red Sea after the US Navy destroyed three Houthi boats.

Six tankers carrying Sokol grade oil could not deliver due to payment issues amid tightening sanctions.

Indian refiners hope to avoid the risk of longer shipping time and higher costs following recent attacks on ships in the Red Sea.

ING Groep NV plans to end all financing of upstream oil and gas activities by 2040.

The company plans to focus on maximizing the value of its existing assets and progressing high-value growth opportunities while continuing to reduce company emissions.

Evidence of a slowdown in oil demand is mounting, the International Energy Agency noted in its latest oil market report.