Rigzone Industry News

Estonia, Latvia and Lithuania cited risks from the Russia-Ukraine war.

Brazil's president has attacked Petrobras' dividends as overly generous for investors.

Oil rose after Saudi Arabia prolonged its unilateral production cut by another month and hinted that deeper reductions may be on the way.

Saudi Arabia extended its unilateral oil production cut by another month.

The Montara Venture FPSO had to halt production only a few months following restart in March.

'The rise in sea robbery is attributed to various socio-economic factors'.

Reconnaissance Energy Africa has picked its new President and CEO, as well as its new General Counsel.

Tamboran expects first gas production from its Beetaloo Basin assets in 2028.

The $364 million contract is expected to begin in the second quarter of 2024.

Saudi Arabia and its oil-producing allies will review global oil markets this week.