Rigzone Industry News

Oil rose to the highest closing price this year as slowing flows from Russia, production cuts by OPEC+ and falling US inventories pointed to a tightening market.

Diamondback raised its non-core asset sale target to $1 billion from $500 million in February.

U.S. DOE has chosen five higher education institutions to serve as Centers of Excellence for the Industrial Assessment Centers Program.

Trillion Energy International Inc. said Tuesday it had spudded its fifth well in Turkey's SASB field.

'It is understood that the vessel was boarded by an unknown number of perpetrators'.

W&T Offshore has announced that Janet Yang, the executive vice president and CFO, will be leaving the company in early May.

Gran Tierra Energy Inc. said Tuesday it has entered an agreement with Colombia's Ecopetrol S.A.

Block Energy has signed a memorandum of understanding with Ministry of Economy and Sustainable Development of Georgia to expedite resource development.

Sinopec has bought into a liquefied natural gas project in Qatar.

Kenny Stein, the Director of Policy for the Institute of Energy Research, offers his view.