Rigzone Industry News

Russia will raise the export levy paid by its oil producers in September to the highest level this year.

Under the cap, companies can move Russian oil only if they pay less than the threshold price, or else lose access to key services like insurance.

Russia expects to get a huge inflow of energy revenue by the end of this year.

Russia's commodity export hub in the Black Sea was closed for several hours on Friday.

Reconnaissance Energy Africa has picked its new President and CEO, as well as its new General Counsel.

The value of Russian oil is showing another sign of sanctions defiance.

Russia's oil firms are setting a record pace in their drilling this year.

RPC's revenues declined due to job delays and cancellations by several pressure pumping customers, as well as weaker activity.

A bill has been introduced to require threats assessments to safeguard the Strategic Petroleum Reserve from physical and cyber threats.

Repsol is aiming for the renewables facilities, totaling 1.1 GW in capacity, to be operational by 2025.