Rigzone Industry News

Europa Oil & Gas is acquiring a 42.9 percent equity interest in Antler.

Crescent Point completed its acquisition of Hammerhead Energy for a total consideration of approximately $1.86 billion.

Karoon completed the acquisition of interests in the U.S. Gulf of Mexico from LLOG Exploration and LLOG Omega.

Saipem and Valmet signed an agreement to offer climate pollution mitigating solutions combining their products.

The start of supply from Arctic LNG 2 will be delayed after the company declared a force majeure on shipments in the wake of US sanctions.

Orsted has taken an FID on the construction of what it says is the world's single largest offshore wind farm.

A steep decline in the number of tankers suggests that attacks on ships in the area are further disrupting a key artery of global trade.

After finding that the massive arbitration award in favor of P&ID was tainted by bribes, it has now been ruled the case cannot be sent back to the arbitration tribunal.

Angola announced it's leaving OPEC following 16 years of membership.

Oil edged lower as traders weigh surging US production against disruption in the OPEC cartel and the threat of ship attacks in the Red Sea.