Rigzone Industry News

Vaalco Energy and TransGlobe Energy Corporation have agreed a merger deal worth $307 million.

In the first half of this year, oil and gas performed so strongly that investors piled into the pure play oil and gas producers.

OPEC producers will need to pump crude at the fastest pace in five years in 2023 if they are to balance oil supply and demand.

A shortage of refining capacity, compounded by a reduction in exports of Russian oil products since the invasion of Ukraine, have pushed road fuel prices to record levels in many countries.

Check out some of Rigzone's top stories during the last week.

Chevron says its platforms are designed to withstand 'once in a thousand year storms'.

Saipem and NSH form a joint venture in Saudi Arabia and ink EPC agreement with Aramco.

TGS has secured a 10 percent stake in NASH Renewables, a start-up developing Software-as-a-Service solutions for wind energy projects.

'There have been two ultra-bearish readings in the past three weeks'.

Biden heads to Saudi Arabia from Israel later on Friday.