Rigzone Industry News

Canada plans to sell a stake in the Trans Mountain oil pipeline to individual indigenous communities through a special-purpose vehicle.

Oil climbed to the highest in almost nine months on concern that a possible escalation of the conflict between Russia and Ukraine may choke off more supplies in an already tightening market.

LNG Japan has agreed to buy a 10 percent stake in the Scarborough JV.

ADNOC Gas plc announced Wednesday the award of a $3.6 billion contract.

Longboat Energy said drilling operations at the Velocette exploration well in Norway have started.

Chevron concluded the full acquisition of PDC Energy.

Mewbourne is also required to complete remedial projects expected to cost at least $4.6 million.

Ensign posted $8 million in net income for the second quarter, after reporting a loss for the same period last year.

U.S. oil production this year will rise faster than previously expected.

The Philippines is emerging as a new frontier LNG market, according to BMI.