Rigzone Industry News

Valaris Limited has received a termination notice from Equinor for the drilling contract awarded to the Valaris DS-11 drillship.

Biden administration officials are divided over how much further the US can push sanctions against Russia without sparking global economic instability and fracturing transatlantic unity.

A joint push to target insurers of Russian oil shipments could dramatically impair Moscow's ability to finance President Vladimir Putin's war.

EnerMech has strengthened its senior leadership team with the promotion of Kenny Anderson to the newly created role of strategy director.

Searcher Seismic has secured multi-client projects to reprocess seismic data for Big Buzz and Big Bird prospects in the North Sea, offshore UK.

Russia said Saudi Arabia hailed their oil-market cooperation in the OPEC+ alliance.

Oil's rally fizzled following a report that OPEC members are exploring the idea of exempting Russia from its oil-production deal, which could open the door for other producers to pump more oil.

Saipem, Havfram Holding, and HVAS Invest Kappa have signed a non-binding agreement to evaluate a potential collaboration in the development and construction of offshore windfarms.

Out of 35 industry sectors analyzed, oil and gas workers are the 13th most fearful of failure.

Voltage Enterprises has made a major breakthrough in its search to innovate a ground-breaking clean gas energy source.