Rigzone Industry News

Aker BP has raised expected reserves from the discovery to 53-90 MMboe after a record drilling.

The USA wants to get the SPR to its would-be level had it not been for releases induced by the Ukraine war.

The bank has dropped its Brent forecast for December to $86 a barrel, down from its previous estimate of $95 a barrel.

The UK's main opposition Labour Party scaled back its flagship pledge to invest $35 billion a year on a green energy transition if it wins the next election.

The two new rigs will be deployed into operation by the fourth quarter.

Saudi cuts announced last weekend failed to overcome energy demand headwinds.

The European Union has started work on a key element of its plans to reach climate neutrality by the middle of the century.

'Unite has secured a vastly improved wage deal for our Bilfinger members'.

An emergency declaration by President Biden would unlock sweeping executive powers.

The U.S. Energy Information Administration increased its average Brent spot price forecast for 2023 and 2024 in its latest short term energy outlook.