Rigzone Industry News

The contracts are for the Mariner field in the UK North Sea, the Heidrun field in the Norwegian Sea, Norway, and the Morecambe Bay area.

Germany has been ordered to provide proof it has fully transposed into national law a 2018 EU directive raising the share of renewable sources in the bloc's energy consumption to 32 percent by 2030.

A major development led by Chevron to boost oil output at Kazakhstan's Tengiz field will cost about $48.5 billion.

The European Commission adopted the first-ever EU network code on cybersecurity for the electricity sector.

Physical oil markets in Europe are weakening - quashing a rally.

Oil Prices were bolstered Thursday by a warning from the International Energy Agency about Supply Shortages now forecasted through end of the year if OPEC+ reductions persist.

Gazprom announced several changes in its top management, as well as in leadership positions in its subsidiaries.

Crude oil stocks in the U.S., not including the SPR, stood at 447.0 million barrels on March 8, according to the EIA.

Proceeds from a new offering could help fund big initiatives by Crown Prince Mohammed bin Salman to diversify the economy away from oil.

Under the terms of a proposal sent to the board, Kimmeridge would contribute the KTG assets to SilverBow in exchange for 32.4 million shares priced at $34 per share.