Rigzone Industry News

Oil fell to the lowest since June as momentum traders and lower market volumes worsened a plunge that has been driven by concerns the market is oversupplied.

Saudi Arabia recorded higher budget revenues than expected this year despite a sharp drop in oil prices and production.

Sentinel has formed a second JV with ExxonMobil to expand the former's last-mile infrastructure platform.

'It was an unusual type of decision as well as the form of the communication'.

NG Energy signed take-or-pay contracts with three Colombian natural gas distribution companies, as well as started sales for Maria Conchita.

Kinder Morgan plans to invest $2.3 billion in capital next year, projecting a five percent growth in EBITDA.

To maximize its regasification capacity, the FSRU will be located off the coast of Ravenna, Italy, around five miles (eight kilometers) away from the Punta Marina area.

Exxon Mobil Corp. plans to raise share buybacks as the oil giant accelerates crude production in the U.S. Permian Basin.

Several U.S. energy groups have commented on a final methane rule from the U.S. Environmental Protection Agency, which was announced at the COP28 climate summit.

U.S. oil supply is now 'exceeding high expectations', Macquarie strategists outlined in a report sent to Rigzone.