Rigzone Industry News

Oil tipped higher as investors weighed a pledge from China to revive consumption against broader low-risk sentiment.

The U.S. dropped another four rigs week on week.

Serbia is considering building more gas links with nearby countries.

TIPRO has stated that employment figures for November 2022 show continued growth in monthly employment for the Texas upstream sector.

Analyst company Wood Mackenzie has compiled ten predictions for energy developments in the year ahead.

Fears of a global economic slowdown pushed oil prices lower, outweighing news that the Biden administration will start buying crude to replenish strategic reserves.

ExxonMobil has started up one of North America's largest advanced recycling facilities, in Baytown, Texas.

Arctic weather poses grave threats to the world's most-prolific shale field.

The Henry Hub benchmark continued its volatile streak last week.

Analysts caution that it may take time for gains to kick in.