Rigzone Industry News

The Noshiro Port offshore wind farm, Japan's first such project, has started commercial operation on December 22, 2022.

Rex International's Norwegian subsidiary Lime Petroleum has completed the acquisition of a stake in Repsol's Yme field offshore Norway.

A total of 10 hydrocarbon discoveries have been made offshore Malaysia in 2022 – twice what was made last year.

Germany is set to boost its reliance on coal as it battles an unprecedented energy crisis — at the expense of its climate goals.

The Government of Indonesia has granted a 20-year extension of the Tangguh production sharing contract to supermajor BP and its partners.

In just one year, investors' bullish exuberance for commodities has turned into a spectacular retreat.

The world faces a recession in 2023 as higher borrowing costs aimed at tackling inflation cause several economies to contract.

Russian crude cut warning bolstered futures.

The risk to future investment from the Australian Government's radical intervention in the gas market has been demonstrated, with Senex Energy pausing a $1Bn domestic gas supply expansion.

An enormous winter storm is battering a vast swath of the U.S.