Rigzone Industry News

Oil edged lower as the potential for additional rate hikes from the Federal Reserve underpinned concerns about a recession that would weaken demand.

Ipieca has named Oxy's Krish Ravishankar and Hess Corporation's Tony Webster as its newest Vice Chairs.

A super basin is an area where large hydrocarbon resources are co-located with the potential for plentiful clean electricity and large-scale carbon capture and storage.

Trinidad and Tobago-focused Trinity Exploration & Production has started drilling of the Jacobin prospect.

An imminent Colombian government tally of the nation's oil reserves is expected to show a decline.

'The U.S. Gulf of Mexico energy production sets the standard for oil and gas production worldwide'.

India is considering refilling its strategic hoard of crude oil.

'We are now seeing many operators pausing or canceling their investment plans'.

Russia is finding oil customers in Asia to replace sanctions-blocked European buyers.

Neptune Energy has contracted Tenaris to provide equipment and services supporting its NCS drilling activities.