Rigzone Industry News

A proposed rule targets to raise royalty and rental rates, as well as streamline bond requirements.

The well has an estimated production of 6,000 bpd.

'We strongly believe that gas will be needed as a safer reliable base load in the energy mix...'

Trillion is exploring energy opportunities in Bulgaria and Turkey with a 'global energy trading company'.

'These businesses and pipelines are valuable strategic assets and will further enhance the INEOS portfolio.'

Venezuela struggles to repair two key fuel plants, creating a shortage.

Baker Hughes' Q2 net profit was down 20 percent from the first quarter.

CNPC began drilling a Sichuan well with a designed depth of 10,520 6.5 miles.

China is seeking ultra-deep reserves of natural gas.

Oil edged higher in a session marked by choppy trading and dwindling liquidity as a mixed fundamental picture dueled with negative sentiment from broader markets.