Rigzone Industry News

Russia has fired the first shot back at the West.

As Europe prepares to hit the Kremlin with tighter sanctions, there are plenty of signs that Russia is finding ways to prop up its economy.

As Europe presses on with the goal to cut its dependence on Russian gas, the pace of its energy transition is picking up.

Only a handful of nations, including the U.S. and the U.K., have imposed explicit bans on imports of Russian oil.

'We can't help but think that current Russian oil production levels might start to come under pressure over a longer-term time horizon'.

Repsol signs a deal with Enhanced Drilling to deploy Riserless Mud Recovery system in a multi-well deal.

Political risk analysts do not anticipate a near-term resolution.

The market is waiting to see if Russian firms such as Surgutneftegas PJSC proceed with monthly sell tenders for ESPO crude this week.

Oil soared past $100 per barrel for the first time in years last month after Russian forces escalated a conflict with Ukraine.

Nine Aframax vessels owned by Sovcomflot PJSC have been idling at sea for more than a week after discharging cargoes.