Rigzone Industry News

Oil fell as US economic data showed inflation remains elevated, adding to bets the Federal Reserve won't rush to cut interest rates this year.

Evolution posted $289 million in quarterly net income.

The U.S. Energy Information Administration lowered its West Texas Intermediate oil price forecast for 2024 and 2025.

Hungarian refiner Mol Nyrt inaugurated its $1.4 billion polyol plant.

The net loss was primarily driven by a non-cash impairment charge recorded on classifying its non-core Saskatchewan assets as held for sale.

The joint study includes transport methods and shipping/receiving conditions into underground storage in Australia.

ADNOC Drilling has secured a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources.

'This milestone announcement is meaningful for PBS and allows us to press ahead with our five-year strategic plan across TotalEnergies' seven sites'.

Schumer urged the FTC to 'pump the brakes' on Chevron's acquisition of Hess.

The Suez Canal has seen a significant decrease in shipping traffic, Dryad Global noted.