Rigzone Industry News

The U.S. Department of the Interior has announced results from its wind energy auction in the Carolina Long Bay area.

A country report published by the IEA outlines that the Black Sea-Sea of Azov region in the south is one of three regions where hydrocarbon resources in Ukraine are concentrated.

Oil rallied as the European Union continued to haggle with holdouts over a Russian crude ban while a US government report showed fuel inventories plunging ahead of the summer driving season.

Apex International Energy has tested the Fajr-8 development well at a daily rate of 2,440 barrels of oil and negligible water.

Rovco has appointed a new Global Account Director for surveys, looking to accelerate the growth of its portfolio of offshore survey solutions.

Brazil's central bank said much of the impact of its “intense and timely” cycle of interest rate hikes is still to come even as it left the door open to smaller borrowing cost increases amid a tough inflation outlook.

US retail gasoline and diesel prices rallied to a record just ahead of the nation's summer driving season, a challenge for President Joe Biden and the Federal Reserve as they face the fastest inflation in decades.

Suncor Energy Inc. Chief Executive Officer Mark Little said that the company's board and executives will engage in talks with Elliott Investment Management LP but that he disagrees with one of the activist investor's main recommendations.

PGNiG Upstream Norway plans to produce an additional volume of approximately 17.5 billion cubic feet of natural gas this year.

AQR Capital Management, the investment firm co-founded by Cliff Asness, has come up with a new way to measure supply-chain climate risks.