Rigzone Industry News

Oil posted a second weekly gain as evidence mounted that the decision by OPEC+ leaders Saudi Arabia and Russia to tighten supplies was making a mark across physical markets.

The U.S. has expressed concern over China's recent behavior towards Philippine vessels in the South China Sea.

'By leveraging AI, machine learning, and high-performance computing technology from SLB, Petrobras will drive aggressive efficiency and production increases across its E&P business'.

LNG Canada is estimated to cost $30 billion.

'Our modeling and analysis tell a different story'.

'Since peaking in 2H22, global gas prices moved significantly lower'.

The USA is curbing dependence on imported solar technology.

The USA has now awarded a total of nearly $350 million in grants to prevent grid disruptions.

Canada's exports of energy products plunged largely due to lower prices.

Shell expects lower earnings from natural gas trading due to seasonal shifts in the market.