Rigzone Industry News

Great Lakes is expecting to start work on the Rio Grande LNG export terminal project this year.

Navigation season along Russia's Northern Sea Route is getting busy with oil for China.

'O2C business delivered a resilient performance despite continuing global macro headwinds.'

'We strongly believe that gas will be needed as a safer reliable base load in the energy mix...'

Oil from the FSO Safer will be transferred to a salvage vessel to prevent a damaging Red Sea spill.

India and China have been the two dominant buyers of Russian crude since the invasion of Ukraine more than a year ago.

Russia's current-account surplus slumped in the second quarter from its peak a year earlier.

A fleet of tankers that sprouted up out of nowhere to keep Russia's oil moving has disbanded even faster than it emerged.

An armada of tankers ferrying sanctioned oil around the globe is starting to get younger.

The transfer of Russian crude between tankers at sea has shifted away from Ceuta, a Spanish enclave in North Africa.