Oil & Gas Industry News

North America added rigs week on week, according to Baker Hughes' latest rotary rig count.

'An already bad situation in the Red Sea and Gulf of Aden has just got worse,' Xeneta Chief Analyst Peter Sand said.

'The market had been bracing for this scenario', analysts at FGE said.

Oil retreated from session lows as traders await Israel's response to an unprecedented attack from Iran.

The U.S. House of Representatives is poised to vote Monday on legislation aimed at countering China's purchase of Iranian crude oil.

'There has been no meaningful progress on either side', the President of Transversal Consulting told Rigzone.

BMI revealed its latest Henry Hub front month natural gas price forecasts out to 2028.

The U.S. Energy Information Administration raised its West Texas Intermediate oil price forecast for 2024 and 2025.

Australia's liquefied natural gas (LNG) exports will drop this year, continuing a trend from last year after reaching a record high in 2022.

Whiptail, the sixth project on the Stabroek block, is expected to add approximately 250,000 barrels of daily capacity by the end of 2027.