Rigzone Industry News

Former Vice President Mike Pence is criticizing investor-activist campaigns to force companies such as Exxon Mobil to follow socially conscious investing principles, saying they elevate 'left-wing' goals over the interests of businesses and the

Panoro Energy said that the Ministry of Mines and Hydrocarbons of Equatorial Guinea has extended the Ceiba and Okume fields PSC until the end of 2040.

More than 60 percent of shareholders voted against the plan.

Keppel Offshore & Marine has secured utilization deals for two KFELS B Class rigs for deployment in Saudi Arabia.

Longboat Energy has farmed into two gas exploration prospects on the Norwegian Continental Shelf targeting 2.2 billion boe via an agreement with OMV.

Crude and refined-fuel markets are strongly backwardated.

The average price of regular gasoline in the U.S. hit a new record.

Clontarf Energy has acquired a 10 percent interest in Western Gas' long-awaited Sasanof-1 exploration well.

The oil ministers of Saudi Arabia and the United Arab Emirates warned that spare capacity is decreasing in all energy sectors.

Repsol has restarted production from its Yme field in the North Sea offshore Norway.