Industry News

Seatrium signed an agreement with Cochin Shipyard to collaborate on the design and supply of critical equipment for jack-up rigs for the Indian market.

The Queensland project is expected to begin delivery of natural gas to the east coast market early next year.

Alberta intends to invoke legislation allowing it to defy a federally proposed cap on emissions from the energy industry.

Oil prices fell slightly as expectations of a cease-fire between Israel and Hezbollah eased Middle East supply risks, while OPEC+ weighed delaying production hikes amid geopolitical uncertainty.

The U.S. is pumping more than 13 million barrels of crude a day.

Phillips 66 faces potential fines of up to $2.4 million under charges accusing it of illegally dumping hundreds of thousands of gallons of wastewater from a refinery in California that the company earlier said would cease production by next year.

Christopher Tahir, a senior market strategist at Exness, said oil prices steadied in early trading following a significant decline in the previous session.

The project will develop a three Tcf gas field to supply an existing liquefaction facility and build an associated carbon capture facility.

TotalEnergies SE and OMV AG are close to starting up plants that will make synthetic oil from waste plastic.

We're on the brink of major shifts in the oil market, Mukesh Sahdev, Rystad Energy Global Head of Commodity Markets - Oil, stated in an oil market update sent to Rigzone.

TotalEnergies said it will not make any new investment in Adani until bribery charges in the U.S. against some executives of the Indian diversified conglomerate are settled.

The Least Developed Countries Group called the agreement 'not just a failure' but a 'betrayal'.

The total North America rig count now stands at 784, according to Baker Hughes.

The pure-play LNG shipping company spun off from Golar LNG reported $8.1 million in net income for the third quarter.

The companies seek to create a joint framework that uses NOV's drilling automation system and other energy carbon optimization solutions on rigs operated by Velesto, with support from Petronas.

Mexico's finance ministry is preparing to enlist a consortium of banks to provide financing that Pemex would use to pay off debt with service providers, according to a recording of remarks made by its CEO.

Oil prices fell as signs of a potential cease-fire in Lebanon reduced supply risks, while traders awaited OPEC+ decisions and monitored Iranian crude output.

The move is part of a broader package of actions on US energy planned for Trump's early days in office.

Rigzone talks to several analysts about the U.S. natural gas price.

Benchmark futures gained as much as 2.7 percent on Monday. They're up almost 20 percent since the start of November.