Rigzone Industry News

Goldman Sachs Group Inc. sharply lowered its oil price forecasts.

As of 5am EDT on September 27, Hurricane Ian had maximum sustained winds of 125 miles per hour.

The market is vulnerable to sudden price spikes.

ADNOC and TAQA have financially closed their $3.8B project to power and significantly decarbonize ADNOC's offshore production operations.

The price cap was a key talking point on day one of the Asia Pacific Petroleum Conference in Singapore.

German Chancellor Olaf Scholz secured just one shipment of liquefied natural gas from the United Arab Emirates.

Ian is expected to be a major hurricane.

UK families could benefit up to $4,745 over the next two years if the country had the same public ownership of energy as other countries.

The UK is planning on becoming a net energy exporter by 2040. This includes lifting the fracking ban and offering 100 new offshore licenses.

The new offshore UK licensing round will not be a short-term fix for UK energy security, according to Westwood Global Energy Group.