Rigzone Industry News

Petrobras decided not to be selling the Albacora concession and to replace the two production units on the field.

The Department of Energy will offer additional U.S. reserve crude for sale.

Costs for shipping energy are surging.

Origin Energy Limited has revealed that it will divest 100 percent of its interest in the Beetaloo Basin.

Serica Energy has encountered issues during the drilling of the North Eigg exploration well offshore UK.

OMV has signed an agreement to supply sustainable aviation fuel to Ryanair across Austria, Germany, and Romania.

Oil eked out a meager gain as the dollar weakened, with much of the market waiting to see what the Federal Reserve will decide regarding rate hikes when it meets later this week.

Technip Energies, in consortium with Monford Group, has secured the EPCC deal for the Project Yuri green hydrogen plant in Western Australia.

The CEO of Petrobras has been diagnosed with cancer, according to a note sent by the company to its employees.

The Texas Independent Producers and Royalty Owners Association has noted continued growth in monthly employment for the Texas upstream sector.