Rigzone Industry News

There was 228.9 million barrels of speculative net selling of crude oil in just two weeks.

Private refiners in China, the largest crude importer, are snapping up more Iranian oil.

Seadrill Limited has completed its acquisition of Aquadrill.

Empire Petroleum Corp. reported Monday $52.9 million in revenue for 2022, up 95 percent from 2021 on higher sales volumes and prices.

Oil's biggest rally this year paused as US stockpile draws failed to quell concerns about demand in an uncertain economy.

Last year, U.S. exports to the EU were 56 billion cubic meters.

Technip Energies has been awarded a contract for the three million normal cubic meters per day Xi'An LNG emergency reserve and peak regulation project in China.

Vitol Group has delivered the first LNG cargo to Finland's first LNG terminal.

Baker Hughes has been contracted by QatarEnergy to provide two main refrigerant compressors for the North Field South LNG project.

One Texas shale executive forecast the move, almost exactly, back in January.