Rigzone Industry News

ASCO has been awarded a five-year contract extension in the UK with the Norwegian energy giant Equinor.

Eni has completed the construction of the oilseed collection and pressing plant in Makueni, Kenya, and started production of the first vegetable oil for bio-refineries.

A halt of Russian gas supplies to the EU could potentially reduce its gross domestic product by as much as 1.5% if the next winter is cold and the region fails to take preventive measures to save energy.

Employment in the Texas oil and gas sector has rebounded since its September 2020 nadir, but according to latest research it still might not hit pre-pandemic levels.

Oil rallied above $100 after the Saudis declined to make any promises regarding future output increases, while a weaker dollar also helped put wider commodity markets on firmer footing.

H. Lamar McKay has been named as the next chairman of the board of APA Corporation, replacing the retiring John E. Lowe.

The world is experiencing the first truly global energy crisis in history and the situation is especially perilous in Europe, which is at the epicenter of the energy market turmoil.

Suncor Energy Inc. reached a deal with activist investor Elliott Investment Management LP to appoint three new directors to the company's board.

Energy ministers of the Quad countries, Australia, India, Japan, and the United States met for the first time in the group's 18-year history.

Europe is heading into a predicted power crunch earlier than expected despite recent moves to curb demand and increase supply, Rystad Energy claims.