Rigzone Industry News

Arabian Drilling won ten contracts for Aramco's unconventional exploration program.

'Cutting production should lead to higher oil prices, providing a mathematical offset to bottom-line revenues'.

'The need to significantly reduce carbon emissions to address climate change is clear and urgent...'

The USA power provider collected $4.434 billion in electricity operating revenue, down from the first quarter.

'The impact of current cuts is starting to materialize in the physical market'.

Chesapeake's output fell to 3.653 Bcfe in the second quarter.

Phillips 66 had a lower income of $1.697 billion for the second quarter amid weakening refining margins.

The value of Russian oil is showing another sign of sanctions defiance.

The three small islands include Abu Musa and are near the Strait of Hormuz.

A record drop in US crude inventories is failing to lift a market that has seen a recent rally squelched by concerns about the macroeconomic outlook.