Rigzone Industry News

This is a reversal of a trend of significant increases in EU energy imports between 2021 and 2022.

Nigeria signed a deal with oil giants that aims to cut the duration of the awarding process for development projects to six months for existing PSCs.

'The whole energy system needs to change, with companies taking bigger strides... in favor of renewable-energy sources'.

Worley bagged the building contract for the project, which can capture 4.3 million metric tons of CO2 a year.

Bumi Armada and Pexco have signed a contract for the Akia PSC in the Tarakan Basin of the North Kalimantan Province.

Oil edged higher as the effect of rapidly tightening supplies outweighed a weakening risk appetite in broader markets.

Oil trader Pierre Andurand is riding a resurgence in crude prices.

Strategists at Macquarie revealed that they are forecasting a U.S. crude inventory drop.

The projects are among nine CNOOC has scheduled for startup this year.

A federal court left in place an order forcing the Biden administration to expand an upcoming sale of offshore drilling rights in the Gulf of Mexico.