Rigzone Industry News

Oil rose for a third day as a bullish US stockpile report propelled a rally led by Saudi Arabia's warning to short sellers.

Insufficient documentation, safety lapses and murky backgrounds are all too typical of so-called dark-fleet tankers that have proliferated since Russia's invasion of Ukraine.

Equinor has decided to postpone further development of the Trollvind offshore wind initiative indefinitely.

The project will deliver more than 110 million imperial gallons per day of nano filtered seawater.

TotalEnergies and Africa Oil have decided to withdraw from Tullow's oil project in Kenya's South Lokichar Basin.

Bangladesh will buy oil from whoever gives a 'comfortable price', Prime Minister Sheikh Hasina said.

Russia has agreed to extend the Black Sea Grain deal for a further 60 days.

'Speculative short positions have increased by 123.9 million barrels over the past four weeks, the largest four-week rise since November 2018'.

TotalEnergies bought a 20 percent interest in Ductor.

Chord's acquisition totals $375 million.