Rigzone Industry News

OEUK's latest move comes as the UK government published its draft legislation for the Energy (Oil and Gas) Profits Levy Bill.

Emerson's automation software and tech has been picked to optimize a biorefinery being built at Hamina-Kotka port in Finland.

Oil fell to its lowest in over a month amid growing concerns that a global economic slowdown will ultimately hobble demand.

Russian oil cargoes are increasingly disappearing from view.

Companies are being driven to change their business strategies.

Wartsila will supply its hybrid propulsion system for three new RoPax vessels currently built for Stena RoRo, Europe's largest ferry company.

Volstad Maritime has contracted Norwegian Electric Systems to deliver a battery package and associated control system for battery charging to the Volantis subsea construction vessel.

Investments in the global offshore wind industry are set to surge this decade as nations seek to transition to cleaner sources of energy, with total capital expenditure projected to more than double from $46 billion in 2021 to $102 billion in 2030.

U.S. refinery capacity dropped in 2022.

The price of petrol in the UK soared to a fresh record.