Rigzone Industry News

While the rising cost of energy is strengthening the oil majors after several tough years, it risks a political backlash.

The cause of the fire is not yet clear.

Since Tuesday, more than 50 MPs have resigned.

Fuel shortages at pump stations in Ethiopia worsened this week.

Oil extended its drop for a second day as fears of a global slowdown outweighed continued supply disruptions and market tightness.

TGS has acquired an asset management and real-time data management solutions provider Prediktor.

China issued its latest batch of fuel export quota for the year.

Oil posted its worst trading day in almost three months as recession fears gripped markets, outweighing a fundamentally tight supply market.

TGS has been named a successful bidder in the auction process in connection with ION Geophysical Corporation's Chapter 11 bankruptcy case.

Crude oil could collapse to $65 a barrel.