Rigzone Industry News

Oil posted its biggest weekly decline since February on signs of easing geopolitical risks in the Middle East, while traders continued to weigh the outlook for interest-rate cuts.

'Crude oil price forecasts have strengthened for the remainder of 2024'.

'This first of its kind agreement,' Connor Teskey, the CEO of Brookfield Renewable and President of Brookfield Asset Management, said.

Russia's state-controlled gas giant reported its first annual net loss since 1999.

Independent oil and gas company Longboat Energy has made a change at the helm.

The transaction will combine AIQ's breakthrough AI energy solutions with Presight's cross-sector big data analytics, product development, and international market access.

The 23-month contract follows Wood's successful completion of a field study and front-end engineering design.

LNG prices this week seem to have stabilized, Rystad Energy Senior Analyst Lu Ming Pang said.

The world's most important oil price is working better than ever thanks to an infusion of crude from west Texas.

The company said its EBITDA margin 'improved significantly supported by higher product margins and optimized costs'.