Rigzone Industry News

Russia's public finances have deteriorated sharply since the Kremlin started the war in Ukraine.

North America dropped another rig week on week.

Remotely operated vehicle solutions provider ROVOP has secured a new $25 million senior credit facility with Cordiant Capital.

The price of Russian oil is nearing a threshold that could create complications for the country's biggest buyers.

That figure is inconsistent with data on the nation's March seaborne exports and supplies to domestic refineries.

The European Commission told member states that a $60-a-barrel cap on the price of Russian oil is proving effective.

Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to data compiled by Bloomberg.

Russia's diesel exports are on course to hit a record this month.

Russia has decided to keep its oil production at a reduced level through June

Russia surpassed Saudi Arabia as China's biggest oil supplier with refiners taking advantage of cheap barrels.