Rigzone Industry News

Offshore Energies UK will host the Offshore Decommissioning Conference next month, supported by principal sponsor TAQA.

Record USA exports and shrinking stockpiles drove crude futures higher this week.

Oil clung to gains on expectation that a US economic rebound would bolster demand even as the possibility of interest rate hikes weighed on other markets.

Oil made minimal gains as traders continue to weigh a weaker demand outlook against tightened crude supplies and a looming diesel shortage heading into winter.

Oil and gas majors are hiring right now for a variety of roles in several different locations.

Annual spending on offshore wind will rise from less than $20Bn in 2020 to almost $120Bn in 2030 and it will be the next bet for oil majors.

Oil settled little changed, paring earlier gains, after a drop in broader equity markets countered optimism that China may ease quarantine restrictions.

Oil rose as traders shrugged off President Joe Biden's remarks about taming energy prices.

Oil fell as the prospect of additional supplies from strategic reserves assuaged market concerns of a tight market heading into Northern Hemisphere winter.

Oil prices were barely changed after struggling to find direction all day as traders contend with both a dimming demand outlook and tightening crude supplies.