Rigzone Industry News

Vitol is exploring options to trade physical electricity which may include setting up a domestic office in Japan.

Vitol is set to acquire approximately 35 percent of Saras' corporate capital.

The acquisition increases Vital Energy's working interest in 54 producing, low-decline wells by an average of 67 percent.

Venture Global will have the ability to access three million mtpa of LNG storage and regasification capacity at the Isle of Grain LNG receiving terminal in the UK.

Venezuelan President Nicolas Maduro is betting the U.S. won't revive all of its sanctions as he backslides on a promise of free elections.

Valero reported $1.2 billion in net income for the fourth quarter of 2023 and $8.8 billion for the full year, with record sales volumes and earnings.

The upgraded radar-based oil spill detection solution will be installed on the Inspirer jack-up rig located on the Yme oil field in the Central North Sea.

Van Oord has been brought in by FSRU Wilhelmshaven to build an FSRU jetty in Wilhelmshaven, Germany.

Valeura posted a pro-forma net oil production of 20,420 bpd for 2023.

Var Energi has been cleared to drill a North Sea wildcat well.