Rigzone Industry News

China unveiled a new national company and formed a broad coalition of industrial giants to advance research in nuclear fusion technology.

Six tankers carrying Sokol grade oil could not deliver due to payment issues amid tightening sanctions.

OKEA ASA is finally completing its acquisition of a 28 percent working interest in PL037 from Equinor Energy AS after postponing the original target completion date.

Westlawn portfolio companies have acquired multiple assets across the USA.

Mandara Capital, the London-based oil trader that once was one of the biggest market makers in crude and fuel, is shutting down its operations.

Var Energi concluded the divestment of its minority interest in the Norwegian field in a cost-cutting effort.

Azerbaijan's foreign minister claimed there's no risk to his country's natural gas project led by France's TotalEnergies despite escalating tensions between the two countries.

Russia plans to boost diesel exports from its major western ports by almost a fifth in January amid growing refinery runs.

Hydrogen derived using fossil fuels still qualify for the incentive but for lower credits.

Methane emission intensity in the Permian Basin dropped between 2011 and 2022, despite total oil and gas production increasing by over 416 percent.