Rigzone Industry News

The u-turn 'sets a concerning precedent for the future of oil and natural gas leasing, exploration and production on federal lands'.

McDermott International Ltd announced that it has entered into a transaction support agreement to initiate a financial restructuring process.

'What is being pursued here is an arrangement wherein we secure the release of five wrongfully held Americans'.

The merger boosts Persist's position as an emerging player in the southern Alberta Mannville formation oil development.

'The helicopter was conducting routine training operations between Al Maktoum International Airport and an offshore rig'.

Tsakos posted $237 million in net income for the first half, up nearly fivefold year on year.

Wolf Midstream has reached an FID to extend its Alberta Carbon Trunk Line.

Chevron Australia sees no 'reasonable prospect of agreement' with striking workers.

South Sudan's national planning body said contracts expiring 2027 should be renewed.

Oil steadied near its highs of the year after rallying about 10% in recent weeks, with technical indicators that suggest its gains may be overdone sapping the benefit of risk-on sentiment in broader markets.