Rigzone Industry News

Rigzone's regular market watchers look at U.S. commercial inventories, Russia's production cut, Chinese demand and more.

Gail India Ltd. is looking to buy a stake in a US liquefied natural gas export facility.

On February 6, a series of large earthquakes hit southern Turkey and northern Syria, followed by hundreds of aftershocks, the World Health Organization's website notes.

In October, OPEC and its partners took the unusual step of assigning fixed production targets for a full year ahead.

Oil trading was sluggish, pushing the 30-day volatility level to the lowest in a year, with traders stuck between higher energy demand in China and signs of an oversupplied market in the US.

Zephyr Energy has readied the State 36-2 LNW-CC well at its flagship project in the Paradox Basin, Utah, U.S. for production.

In a new report sent to Rigzone, Moody's Investors Service noted that it expects 'continued strong performance' from TotalEnergies, BP, Shell, ExxonMobil, and Chevron in 2023.

Following the FFED contract for the Hammerfest LNG work, Aibel has now secured an EPCI contract from Equinor and partners.

When will oil demand peak? It depends on who you ask.

'Freeport LNG took in its first tanker since the fire in June 2022 shuttered the plant'.