Rigzone Industry News

'This is yet another example of this administration caving to the radical left'.

McDermott International Ltd announced that it has entered into a transaction support agreement to initiate a financial restructuring process.

The U.S. Energy Information Administration's latest fuel update report outlined a mixed bag for U.S. fuel prices.

Magnolia's position in Giddings, Texas, now totals over 500,000 net acres.

Non-Executive Director John Young is also stepping down from the board.

One of Rigzone's regular market watchers takes a look at Iran's oil production, the state of U.S. crude stockpiles, OPEC plans, the oil price and more.

Brent oil futures have already surged by almost a quarter since late June .

Michigan's public utility regulator is proposing to take electricity operators to account for prolonged outages through their earnings.

The strategists anticipate a correction.

The project is subject to a successful financial close under the U.S. Department of Energy's Title 17 Clean Energy Financing Program.