Rigzone Industry News

John Sherrer will take over as vice-president and principal accounting officer.

Russia's flagship crude oil is idling on tankers in the Baltic Sea.

Rates to hire large tankers to bring the fuel to northwest Europe from the Middle East jumped to $117,000 a day this week.

Oil rallied to the highest price in two months after a fuel tanker was struck near Yemen, underscoring the geopolitical risks to crude supplies.

The US competition regulator has launched an in-depth probe into Occidental's pending $12-billion acquisition of CrownRock.

SBM Offshore announced that its CEO and Chair of the Management Board, Bruno Chabas, has decided not to seek a fourth mandate at the end of his current term on April 12.

Oil prices have so far shown a muted response to the additional 900,000 barrel-a-day supply reduction being undertaken by the Organization of Petroleum Exporting Countries and its partners.

The developer of a nuclear plant in Somerset has raised expected costs to as much as $43.3 billion, while the UK has decided to increase state aid for another nuclear project in Suffolk.

'Oil and gas is undergoing a historic consolidation wave'

'Attacks could last at least until the Israel-Gaza conflict is resolved - an essentially uncertain duration'.