Rigzone Industry News

Shell's Malaysian unit has completed the divestment of its stake in two Baram Delta offshore PSCs to PSEP.

Neptune Energy has contributed $4.8 billion of support for European economies with its activities.

Many commodities remained under pressure in the wake of UBS Group AG's emergency purchase of Credit Suisse Group AG.

Mexico President Andres Manuel Lopez Obrador led a celebration in the capital's main square on the anniversary of the country's 1930s expropriation of the oil industry.

A.P. Moller-Maersk A/S has finally found a buyer for its last major energy-division asset

Oil posted the worst weekly loss since the early months of the coronavirus pandemic as banking turmoil poisoned investor sentiment.

Total crude oil stocks in the U.S. rose 1.6 million barrels, or 0.2 percent, to 851.6 million barrels in the week ending March 10.

Here's some bad news for drivers of luxury cars and large sport-utility vehicles who are pumping the top grade of gasoline: the premium they pay over regular fuel is getting pricier.

The US is committed to replenishing the Strategic Petroleum Reserve but won't rush to do so immediately despite the recent decline in oil prices, a top Biden administration official said.

Major oil and gas companies in the European Union will have to contribute toward storing carbon dioxide underground under landmark rules put forward by the bloc's executive branch.