Rigzone Industry News

The U.S. Energy Information Administration raised its Brent oil price forecast for both 2022 and 2023.

Emmanuel Macron said the US, China, and other non-European rich nations must pay their share to help poorer countries deal with climate change.

The US has issued a $5M bounty for information on a Singaporean businessman who broke sanctions by transporting fuel to North Korea.

BOEM has designated two Wind Energy Areas in the Gulf of Mexico, with the potential to power nearly 3 million homes.

Over 450 offshore drilling and drilling maintenance workers have accepted an improved offer of 10 percent on their rates of payback dated to June 1, 2022.

A new analysis suggests that a ban on exporting US refined oil products would save US consumers $5 billion.

'Global gas prices have faced an exceptionally volatile year and U.S. Henry Hub prices are no exception'.

The amended deal includes an updated price of approximately $10.5 billion.

The U.S. is planning to auction in December leases for offshore wind farms in California waters.

Upstream deals in the U.S. reached more than $16 billion in transacted value during 3Q.