Rigzone Industry News

Oil edged lower as a stronger US dollar outweighed optimism that the Federal Reserve will stick to its path of interest-rate cuts this year.

Malaysia's upstream sector is poised for further growth in 2024, according to analysts at BMI, a Fitch Solutions company.

Paolo Rocca, billionaire chief of oil-pipe maker Tenaris SA, said expectations are high that Argentina's President can turbo-charge development of the country's shale deposits.

Crude oil stocks in the U.S., not including the SPR, stood at 445.0 million barrels on March 15, according to the EIA.

The Texas LNG export terminal project signed an offtake agreement with Gunvor's subsidiary in Singapore for 500,000 metric tons per annum.

The U.S. Energy Information Administration raised its U.S. diesel price forecasts for both 2024 and 2025 in its latest short term energy outlook.

Shell remitted a total of $67 billion to state coffers in its countries of operation last year.

The governments of Canada and Germany are partnering to create a transatlantic hydrogen corridor and secure early access for Canadian hydrogen producers in the German market.

The collaboration involves the integration of surface vessels and submarines built by Fincantieri with Saipem's drone development program.

'Our new name and logo represent the culmination of our remarkable transformation over the last several years'.