Rigzone Industry News

The UK has revealed a new energy strategy accelerating deployment of wind, nuclear, solar, and hydrogen power while supporting production of domestic oil and gas in the nearer term.

Equinor and Naturgy have partnered up and entered into a development agreement ahead of Spain's first upcoming offshore wind auction.

DOF Subsea has carried out decommissioning work for Repsol Sinopec Resources UK at the Buchan and Hannay fields in the North Sea.

Fissures appear in what has so far been a common response from the EU.

Saipem has won a contract for maintenance services on the Coral Sul FLNG floating facility offshore Mozambique.

Shell Plc said its withdrawal from Russia will result in $4 billion to $5 billion of impairments.

Oil fell to the lowest since mid-March after the International Energy Agency said it will deploy 60 million barrels of oil from emergency stockpiles to bolster the historic release announced by the Biden Administration.

The coordinate action by major energy consumers is intended to soften the economic fallout from a surge in energy prices.

The proposal was received in the Senate and referred to the Committee on Energy and Natural Resources back in January.

TGS has kicked off a new 3D reprocessing project offshore Malaysia integrating existing 3D seismic data offshore Peninsular Malaysia.