Rigzone Industry News

President Andres Manuel Lopez Obrador tightened his grip on Mexico's power industry Thursday.

Oil closed at its highest settling price this year as increasing tensions in the Middle East outweighed hotter-than-expected US inflation data that's damping the prospect of interest rate cuts.

Occidental expects to keep output from the Permian basin 'largely flat' this year relative to 2023.

'We absolutely respect the right to peaceful protest,' an Energy Institute spokesperson told Rigzone.

The U.S. House of Representatives voted in favor of proposed legislation overturning the Biden administration's decision to pause LNG exportation to non-free trade partners.

Singapore is setting up a $3.7 billion fund to invest in clean energy technology and infrastructure.

WFCN became concerned about Obsidian's oil development plans in its territory after the AER found that improper disposal of industrial waste had caused a serious earthquake.

Macquarie strategists outline that a combination of factors drove the recent oil price rally.

Industry body Offshore Energies UK issues a warning for the UK oil and gas sector.

MethaneSAT has the ability to monitor both high-emitting methane sources and small sources spread over a wide area.