Rigzone Industry News

Marathon Oil has bought the Eagle Ford assets of Ensign Natural Resources for a total cash consideration of $3 billion.

Oil fell alongside broader markets as Federal Reserve Chair Jerome Powell said interest rates will rise more than earlier expected, overshadowing concerns of tightening fuel supplies.

ADNOC and Siemens Energies have decided to jointly pilot blockchain tech in the certification of carbon intensity of a range of products.

Zephyr has been given the permit to drill new wells at its Paradox project in Utah, U.S.

UK worker's union Unite has served notice on Petrofac for members on the Repsol offshore platforms and terminal for industrial action.

Oil exports from Sakhalin-1 are ramping up after Russia took control of the project in the nation's Far East from ExxonMobil.

NGOs and activists looking to attend COP27 in Egypt say they've faced huge hurdles in getting accreditation and finding accommodation.

Oil rose as fuel stockpiles continue to tighten, clinging to gains even as hawkish comments from Federal Reserve Chairman Jerome Powell knocked the wind out of Wall Street.

Mainstream Renewable Power and Ocean Winds have signed a seabed lease agreement for the development of a 1.8 GW floating offshore wind farm off Shetland.

Saipem has closed the sale its onshore drilling business to KCA Deutag in a transaction worth $550 million.