Rigzone Industry News

Aramco has the option to increase its shareholding and associated rights in MidOcean Energy in the future.

Oil's rally to $95 a barrel faltered as investors cashed out and the market settled in overbought territory.

Bulgarian lawmakers on Thursday approved a motion to gradually end imports of Russian crude.

Organizations across the oil and gas industry are increasing their adoption of machine learning and artificial intelligence, according to AWS.

Riyadh has propelled Brent crude toward $100 a barrel by slashing production just as global fuel demand hit record levels.

The North Shore Mi'kmaq Tribal Council and its seven First Nation member communities have signed equity agreements with Moltex and ARC.

'The recent run up in refining margins is helping push Brent crude oil prices higher'.

The deal will support the company's expanding LNG production capacity from the North Field LNG expansion and Golden Pass LNG export projects.

The all-share transaction valued at $8.5 billion (CAD 11.5 billion) is expected to close on October 3.

Oil jumped to a fresh one-year high as crude stockpiles in the largest US storage hub dropped to the lowest since July 2022.