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Rigzone Industry News

The latest oil and gas news from around the world.
  1. Oil retreated as another weak sale of Treasuries raised concerns about rising yields, stoking a risk-off mood across financial markets.
  2. 'By 2050, renewable energy sources, including hydro in addition to solar and wind, are expected to constitute a staggering 70 percent of the Middle East's power generation mix,' Rystad said.
  3. The assets will provide Energy Transfer with increased access to growing supplies of natural gas and natural gas liquids (NGL) volumes.
  4. Shell is preparing to cut staff from its offshore wind business.
  5. 'Evidence suggests a move away from full offensive operations', Dryad said.