Rigzone Industry News

Equinor expects to raise Statfjord Ost's output by 26 MMboe.

Harbour Energy has dropped into the red.

For world oil markets, a pact is already taking effect.

Oil posted its second straight weekly decline as signals of additional crude supplies and a deteriorating global demand outlook loomed over a string of thinly traded sessions.

'This transaction allows us to realize future value for an area with limited scalability while immediately enhancing our financial position'.

Turkey halted flows through a twin-pipeline in March after an arbitration court ordered it to pay about $1.5 billion in damages to Iraq for transporting oil without Baghdad's approval.

Var Energi is getting a new CEO.

TechnipFMC has revealed that it has piled on more work in Block 17 offshore Angola.

Easing sanctions could revive long-awaited drilling projects by Chevron Corp.

Lease Sale 261 will offer approximately 12,395 blocks on approximately 67 million acres on the U.S. Outer Continental Shelf in the Western, Central, and Eastern Planning Areas in the Gulf of Mexico.