Rigzone Industry News

Former Bank of England governor said Russia's war on Ukraine and a deepening energy crisis will lead to a rise in greenhouse gas emissions.

Horizontal drilling permits for new wells in the Permian hit an all-time high in March, with 904 total permit awards, Rystad Energy said.

Shell has resumed shipping LNG from its Prelude FLNG facility offshore Australia after a four-month shutdown caused by a major power failure.

Petrobras approves the closing of the competitive process for a 50 pct stake in the Marlim oil field, which means that the cluster is no longer for sale.

Petronas has denied media reports that it could be buying a significant stake in cash-strapped oil and gas services firm Sapura Energy.

Pantheon Resources has started testing of the Theta West 1 well with flows exceeding pre-drill resource estimates of 1.2 billion barrels of oil.

Petronas has signed new Production Sharing Contracts for five offshore blocks located offshore Malaysia.

Petronas has been awarded new acreage onshore and offshore East Java in Indonesia's latest Petroleum Bid Round.

Petrofac is again allowed to compete for tenders from UAE oil and gas giant ADNOC following a year-long suspension.

There is a potential for Russia to use the ambit of procedural issues as a pretext for the effective seizure of vessels.