Rigzone Industry News

Oil continued its ascent this week as OPEC+ underwhelms on supply in persistently tight crude markets.

Marketed natural gas production from the Permian Basin in western Texas and eastern New Mexico reached a new annual high in 2021

For investors in Big Oil, the fight against the climate crisis has lost momentum in 2022, according to Follow This.

Hammerfest LNG is back in production after the fire in September 2020. The first LNG is now on tank at Melkøya.

Shell won official consent to develop the Jackdaw natural gas field in the UK North Sea, eight months after the country's regulator blocked the project on environmental concerns.

Following the Russia-Ukraine crisis and supply disruptions, the EU has emphasized the viability of Africa's reserves to meet European demand.

Hurricane Energy has found the Greater Warwick Area development not feasible and has decided to relinquish the P2294 license area.

President Biden is likely to visit Saudi Arabia later this month during his NATO and G7 meetings, with record high US gas prices weighing on his party's political prospects.

McDermott has been awarded a FEED contract for the Ruya Development, previously referred to as Al-Shaheen Phase 3-Batch 1 offshore Qatar.

The CMA said that offshore helicopter operator CHC must unwind its completed acquisition of Babcock's offshore helicopter services to address competition concerns.