Rigzone Industry News

Nicola Sturgeon has announced her intention to resign as the First Minister of Scotland.

Egypt aims to boost exports of liquefied natural gas by roughly 40 percent from 2025.

'Rising electric vehicle sales will eventually level off gasoline and total transportation fuel demand over the medium term'.

Chinese leader Xi Jinping pledged to deepen ties with Tehran after meeting Iran's President Ebrahim Raisi in Beijing, weeks after the US said it would increase pressure on China to stop buying Iranian oil.

Texas is investigating why pipeline operator Targa Resources Corp. failed to report an unexpected release of tons of natural gas within 24 hours, as required by state regulations.

The largest power producer in the United Arab Emirates plans to sell bonds and acquire assets this year, according to the company's chief executive officer.

The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, fulfilling budget directives mandated years ago that it had sought to stop as oil prices have stabilized.

Oil supplies will pose a bigger issue than demand for global markets in 2024 as some countries struggle with production and investment, the United Arab Emirates energy minister said.

A climate-change focused group of investors managing assets worth $39 trillion said it's advising its members that carbon offsets shouldn't be the primary solution to greening their portfolios.

OPEC's top official urged countries to invest much more in oil to meet the world's future energy needs and said climate policies need to be more “balanced and fair.”