Rigzone Industry News

Repsol obtained a license from the US to keep operating in Venezuela after May 31.

A shadow fleet oil tanker transporting Russian crude had an engine failure.

Russia temporarily lifted its ban on gasoline exports to avoid overstocking at refineries as domestic supplies have met demand.

Fire MWF017 is classified as out of control at 19,493 hectares.

'President Biden is hellbent on making American's energy more expensive and less reliable,' one RRC Commissioner said.

Vessels have been forced to reroute around Africa to transport fuel between the Atlantic and Pacific basins.

The oil industry is a key source of revenue for the Russian budget.

The industry is facing a shortage of manpower as the full mobilization of Russia's economy for war exacerbates a longstanding demographic crunch.

Repsol signed a deal with PDVSA that adds two fields to its operations, which in the next few months are expected to produce 20,000 bpd.

Fire damage to Pemex's refineries has hampered its plan to keep crude supplies to produce fuels domestically.