Rigzone Industry News

The Treasury imposed a financial and activity blockade against several shipping companies accusing them of transporting oil and other goods for terror-linked forces in the Middle East.

Mosman Oil and Gas Limited is selling its interest in gas and oil producer Nadsoilco LLC.

Savanah posted $13 million in profit, versus a loss of $64.07 million a year prior.

The EU is proposing to sanction Russia's oil-shipping giant Sovcomflot in a move to limit the Kremlin's ability to finance its war against Ukraine.

Two shuttle tankers used to haul crude from Russia's Sakhalin-2 project have failed to move cargoes since April.

Oil prices steadied as traders await Wednesday's interest-rate decision from the Federal Reserve to gauge the economy's strength and the trajectory of oil demand.

The CCUS system can condition, compress, and transport up to 800,000 metric tons of CO2 per year for eventual storage.

The state of California filed an amended complaint against oil and gas majors seeking so-called disgorgement of profits earned during purported decades of climate deception.

The timing of the Noble Corporation-Diamond Offshore Drilling deal likely reflects bullishness for Noble about offshore activity levels globally, EIR told Rigzone.

Three development wells are planned to be drilled, completed and put into production over the next months.