Rigzone Industry News

DeepOcean Group has signed a deal to acquire Norwegian engineering and technology company Installit and all its units.

The government of Canada has approved the controversial and contested Equinor-operated Bay Du Nord deepwater oil project.

'America's oil and gas companies do not set the market'.

Germany will step in if gas-storage operators fail to fill facilities sufficiently to comply with new requirements.

Rigzone's regular market watchers focus on oil price trends, U.S. Strategic Petroleum Reserve concerns, U.S. crude production and more.

Surging prices and the EU's goals of becoming less dependent on Russia will catapult global energy spending this year to $2.1 trillion.

As Europe presses on with the goal to cut its dependence on Russian gas, the pace of its energy transition is picking up.

Oil fell for a third session as hawkish signals from the U.S. Federal Reserve raised the prospect of restrained economic growth while millions of barrels of crude from strategic reserves are released into the market.

TGS has partnered up with Schlumberger to conduct a new 3D seismic survey in the Red Sea, offshore Egypt.

China is battling a virus outbreak that's sapping demand and causing logistics problems.