Rigzone Industry News

The recession 'playbook' may not work on the oil sector this time.

Nicolas Foucart has been appointed as the new Chief Executive Officer of Repsol Sinopec Resources UK Limited, effective September 1, 2022.

OPEC+ agreed to make a token oil supply cut for October.

The U.S. dropped five rigs week on week.

Wartsila and Maersk teamed up on developing an in-pipe solution for solving scrubber discharge pipes corrosion issues.

The company's latest price projections come after a volatile few weeks for Brent.

A High Court ruled that Shell's exploration right to conduct seismic surveys on the Wild Coast of South Africa was granted unlawfully and therefore set it aside.

'If there is another wave this winter, we could see ships and crews quarantined again and trade disrupted'.

Liz Truss ruled out introducing any new taxes or rationing energy this winter if she becomes the UK's next prime minister.

The oil services sector, much like the exploration and production companies it serves, is scarred by the severity of the previous industry downturn that's only just receding in the rear-view mirror.