Rigzone Industry News

Overlooking the importance of developing pipeline infrastructure results in higher prices for natural gas and electricity, especially in the U.S. Northeast.

Oil dropped as a pipeline carrying Russian crude to Europe was reported to have restarted and tensions over Poland eased, pushing demand concerns to the market's forefront.

Vaalco Energy has announced the promotion of Thor Pruckl to the position of Chief Operating Officer.

Neptune Energy and its license partners have announced that hydrocarbons have been encountered in the Calypso exploration well in the Norwegian Sea.

Saipem has been awarded new offshore drilling contracts, three in the Middle East and two in West Africa, for a total amount of around $800 million.

U.S. President Joe Biden is considering forcing the nation's fuel suppliers to keep a minimum level of inventory in tanks this winter.

Pars Oil and Gas Company is planning to spud 35 new wells in the supergiant South Pars gas field to enhance and maintain gas production in the field.

The ship was last seen signaling its position in the Gulf of Oman on Tuesday evening.

APA Corporation has hit an ESG milestone by reducing upstream routine flaring across Egypt operations by 40 percent.

Global markets are going to have to wait at least two more years before any new LNG supplies from the U.S. come online.