Rigzone Industry News

In May 2021 oil prices broke out, confirming a secular bull market was underway.

Shortly after the Snofonn North discovery near the Johan Castberg field in the Barents Sea, Equinor made another oil and gas discovery in the Skavl Sto exploration well.

Oil maintained its gains after US government data showed crude inventories in the largest storage hub and gasoline stockpiles dropped, offering little relief to concerns about a global supply crunch.

Sercel has agreed on the sale of a 15,000-channel WiNG system to Smart Seismic Solutions.

Clean hydrogen is seen by many governments as an important link in the road towards net-zero carbon emissions, and Texas has the chance to be at the epicenter of it.

The U.S. rig count did not budge week on week.

Dril-Quip has set its decarbonization targets to align with a 1.5°C global warming pathway and the ambitions of the Paris Agreement.

Global Port Services, part of Global Energy Group (GEG), has launched a new segment.

The EIA's June Short-Term Energy Outlook is subject to heightened levels of uncertainty resulting from a variety of factors, including the invasion of Ukraine.

Rigzone's regular energy prognosticators take a look at oil prices, signs of potential demand destruction, the ongoing conflict in Ukraine and more.