Rigzone Industry News

Oil settled a penny higher after a choppy session in which mixed signals, including a price hike for Saudi crudes and broader risk-off sentiment, pulled traders in opposite directions.

Saudi Arabia issued big price increases for its crude to Europe and the Mediterranean.

The Texas oil and gas sector is ready for hurricane season, the Texas Oil and Gas Association (TXOGA) has outlined.

Oil's 10 percent drop so far in 2023 confounded some analyst and trader expectations of triple-digit prices.

There have been 21 consecutive trading days in which Brent has been within the $74-76 per barrel band at some point during the day, a new report highlighted.

Five more energy organizations have backed a charter aimed at improving the mental health of thousands of North Sea workers.

The Philippine Supreme Court nullified with finality a tripartite deal with China and Vietnam for joint oil 'research' in the South China Sea.

Equinor has received the go-signal for the development of two fields and one well in the Norwegian Sea.

Norway's oil ministry approved two Aker BP projects that would add about 930 MMboe to its North Sea assets.

BP is investing $10 million in a California-based startup that will use uneaten food and other waste to make low-emission fuel.