Rigzone Industry News

New global oil and gas discoveries in 2022 drive exploration to highest value creation in over a decade with major discoveries in Namibia, Brazil, and Algeria leading the way.

Europe's pipeline gas flows from Russia have fallen to historic lows.

Eni and Libya's National Oil Corporation have signed an $8 billion gas production deal.

Oil fell to its lowest in almost three weeks, with technical indicators driving the market's direction amid a lack of clarity on crude demand.

The US DOE has announced $118Mn in funding for 17 projects to accelerate the production of sustainable biofuels for US transportation and manufacturing needs.

New York and much of the East Coast are at risk of a gasoline shortage this summer.

Wärtsilä has been contracted to supply engines for a large Latin American power plant.

IEEFA notes that Texas is a prime example of how quickly a shift away from fossil fuels can happen.

Ecopetrol SA bond prices fell after the company said Felipe Bayon will step down as chief executive officer.

Representatives of Piper-Morgan Associates, Petroplan, HireStrong LLC and Kaye/Bassman's Energy Practice offer some advice.