Rigzone Industry News

Shell lost an appeal in a South African court that sought to overturn a judgment blocking an offshore oil search opposed by environmental groups.

European natural gas prices surged to the highest this year after flows from Norway slumped.

Oil tumbled after OPEC+ unexpectedly rolled out a plan to restore some production to the market this year, adding to the bearish momentum crude has been experiencing for months.

Goldman Sachs Research predicts that the global gas market will grow 50 percent in the next five years, as LNG investments rise more than 50 percent in 2029 and oil investment growth peaks in non-OPEC countries.

The suit alleges that biological opinions issued by fisheries assessors failed to fully examine the harms posed by the Alaska LNG project to wildlife species.

North America added eight rigs week on week, according to Baker Hughes.

South Korean oil and gas shares surged Monday.

'This investment in NATPET reflects our commitment to grow and upgrade our core businesses and strengthen our presence in Saudi Arabia through a new long-term partnership'.

Under the agreement, Equinor will implement Seeq to 'empower its engineering teams to optimize production and improve energy performance across a variety of assets'.

'Upon closing, ConocoPhillips will become the largest Eagle Ford producer, a top three Bakken operator, and remain a top five Delaware Basin player based on gross operated production,' Woodmac said.