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Rigzone Recent 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. Lightsource bp has secured a new $1.8 billion revolving credit facility and trade finance facility.
  3. As the global natural gas crunch hits suppliers and consumers alike, OPEC nations are warning of the knock-on impact for oil markets.
  4. Oman's state energy company OQ SAOC is weighing a sale of its German chemicals business as the Persian Gulf sultanate seeks ways to steady its finances, according to people familiar with the matter.
  5. Saipem has revealed that it and Saudi Aramco have signed a Memorandum of Understanding.
  6. The Oil and Gas Climate Initiative (OGCI) has announced that it has revised its collective upstream targets for 2025.
  7. Vitol Group, the world's biggest independent oil trader, is jumping into the electric-vehicle fleet business.
  8. Tower Resources has submitted documentation for the farm-out of a share in the Thali offshore block in Cameroon for approval.
  9. Abu Dhabi National Oil Co. increased the size of its drilling unit's initial public offering amid heavy demand for shares in what is likely to be the emirate's biggest listing in at least four years.
  10. Norwegian authorities find no objections with the creation of a decommissioning joint venture between AF Gruppen and Aker Solutions.