Rigzone Industry News

Hess and the Government of Guyana have announced an agreement for Hess to purchase high-quality carbon credits for a minimum of $750 million between 2022 and 2032 directly from Guyana.

California Governor Gavin Newsom proposed to limit the profits of oil companies operating in the state by curbing their gross refining margins.

A previously-stalled legislative effort to fast-track energy projects backed by West Virginia Senator Joe Manchin could be attached to a must-pass defense bill.

The U.S. rig count stayed flat at 784 rigs.

After the world's first carbon offset LNG cargo was sold, it was believed that crude is next, but in the three years since, carbon offset crude trade is yet to become a reality.

Decarbonizing China's power sector and increasing renewable power sources is key to help limit global warming to 1.5°C

A Nigerian court stated that Shell could appeal a judgment to pay compensation for alleged pollution of its host communities.

Plentitude has agreed to acquire PLT, which includes PLT Energia and SEF and their units.

Fitch Solutions Country Risk & Industry Research has revealed its latest Brent crude oil price forecasts.

Russia will not accept the $60 per barrel price cap for its crude oil agreed upon by the European Union.