Rigzone Industry News

One of Rigzone's regular market watchers focuses on recession talk, an unusual delay in a key crude inventory report, oil and gas prices and more.

Granholm led an in-person meeting with CEOs and executives of seven major U.S. oil companies.

Energy Workforce & Technology Council has chosen its Safety Awards winners.

Oil dropped as Federal Reserve Chair Jerome Powell's testimony before a House committee heightened concerns of an impending recession.

APA Corporation has completed the flow test from the Krabdagu exploration well (KBD-1) on Block 58 offshore Suriname.

Rates to haul fuels such as gasoline and diesel have more than doubled this year to the highest since April 2020, according to Baltic Exchange data.

UK offshore drilling contractor Awilco Drilling has revealed that it concluded the sale of its only remaining drilling rig.

If COP26 was all about creating the mechanisms to make the energy transition possible, COP27 promises to be the catalyst to start implementing decarbonization in earnest, Wood Mackenzie claims.

Almost four months after Russia's invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia.

Costs have spiraled out of control to reach as much as $18 billion.