Rigzone Industry News

'In the last 35 years, geopolitical events in big oil producers have increased oil prices by an average of eight percent'.

TotalEnergies and Petronas will build a carbon storage facility for Asian customers and develop a solar farm to serve Australia.

Landmark legislation in the USA penalizing companies that inflate gas prices has come into force.

Nigeria's wealth fund sees the potential to expand a $50 million carbon credits program with Vitol 10-fold.

Physical markets and economics, rather than geopolitics, are driving crude at present.

Two giants in China's oil and refining sector have taken the biggest opposing positions in Middle East crude trading in years.

SBM Offshore has secured project financing to the tune of $1.615 billion for the FPSO Alexandre de Gusmao.

North America added more rigs week on week, according to Baker Hughes' latest rotary rig count.

'Texas remains a powerhouse of production'.

European natural gas jumped as nervousness over a short-lived rebellion in Russia added to supply fears.