Rigzone Industry News

British oil and gas exploration and production company Serica Energy is eyeing a new growth phase with the acquisition of Tailwind Energy Investments.

U.S. natural gas demand could be on track to hit record lows in January.

European oil majors' big bet on hydrogen as the transport fuel for the future is not so big in reality, according to a new study.

China National Offshore Oil Corp. pledged higher spending this year.

The price cap on Russian oil is costing the Kremlin $172 million a day, a Finnish researcher said.

The U.S. Energy Information Administration has cut its 2023 Brent spot average price forecast.

Snam bought 49.9pct of equity interest held by Eni in companies operating two groups of international gas pipelines connecting Algeria to Italy.

'Piracy remains at historically low levels'.

Employment in the U.S. oilfield services and equipment sector rose by an estimated 4,677 jobs to 650,587 in December, according to the Bureau of Labor Statistics.

Oil crept higher as broader risk-on sentiment helped traders overlook fears of tighter monetary policy from the Federal Reserve.