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Rigzone Industry News

The latest oil and gas news from around the world.
  1. China property market fears abated and oil futures rose 2.5% Wednesday as market dynamics returned to focus with quickly eroding supply that will not be able to keep pace with crude demand.
  2. As the global natural gas crunch hits suppliers and consumers alike, OPEC nations are warning of the knock-on impact for oil markets.
  3. The Oil and Gas Climate Initiative (OGCI) has announced that it has revised its collective upstream targets for 2025.
  4. Tower Resources has submitted documentation for the farm-out of a share in the Thali offshore block in Cameroon for approval.
  5. Norwegian authorities find no objections with the creation of a decommissioning joint venture between AF Gruppen and Aker Solutions.