Rigzone Industry News

Italian major Eni and Algeria's Sonatrach have signed a memorandum of understanding to speed up gas and green hydrogen development.

European Union leaders intend to give their political backing to a ban on Russian oil.

Giulia Pedretti, owner and director of Arteak, has been named in the Forbes' 30 Under 30 - Europe 2022 list of young entrepreneurs.

U.S. gasoline prices surged to another fresh record.

BW Offshore has been awarded a limited notice to proceed by Shell for early-stage engineering and supplier reservations for an FPSO for the Gato do Mato project.

India's ONGC will be investing up to $4 billion over the next three years to boost exploration activities.

BofA Global Research offers its calculations.

BP said it will look again at its plans in the UK, as a £5Bn windfall tax on oil and gas profits announced by the government included enough incentives to preserve investment.

The Group of Seven urged OPEC to pump more oil.

The Biden administration is reaching out to the oil industry to inquire about restarting shuttered refineries, as the White House scrambles to address record high-gasoline prices.