Rigzone Industry News

Oil rallied for a third day to the highest level in more than a week, undaunted by the Federal Reserve's determination to fight inflation with a sustained policy of rate hikes.

Some of the world's biggest oil and gas companies are expected to expand their international budgets by 12 percent in 2023, down from an increase of 26 percent this year, according to a survey from Evercore ISI.

Coast Guard Sector New Orleans watchstanders received a request at 2.21 am from Bristol Search and Rescue Services to medevac a worker.

The recycling of old structures from the Tyra field, the largest such project for offshore installations in Denmark's history, has been successfully completed.

TC Energy still has no updates on the cause of a leak at its Keystone Pipeline System.

Standard Chartered's crude oil positioning index has fallen for four consecutive weeks.

Turkey has discovered 150 million barrels of net oil reserves valued at an estimated $12 billion.

Santos' $4.7Bn Barossa gas project is now without approval and in terms of scope and is unviable – economically and environmentally.

Offshore Energies UK's 2022 Awards winners were honored during a ceremony hosting 400 guests.

Kazakhstan said it's willing to send crude oil to Germany.