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Rigzone Recent News

1. Italy Moves to Cut Russian Gas with New Floating LNG Terminal

   Italy took a key step toward securing energy independence from Russia.

2. UK North Sea Flaring Halves Since 2018

   Last year's reduction alone was equivalent to the gas demand of 80,000 UK homes, according to the NSTA.

3. Oil Rebounds as US Assures Bank Crisis Containment

   Oil jumped the most since early February and restored key technical levels after US government promises to protect bank depositors calmed markets.

4. Russia To Keep Oil Cuts Until June

   Russia has decided to keep its oil production at a reduced level through June

5. Carbon-Sucking Tech To Use More Energy Than All Homes

   Technology that sucks carbon emissions out of the air would need more energy than used to run the world's homes.

6. Saipem and Garbo to Bring Forward New Plastic Recycling Technology

   Saipem and Garbo have teamed up on industrialization, development and commercialization of the latter's proprietary plastic recycling technology.

7. Biggest Oil Traders Avoiding Russian Business

   The world's biggest oil traders say they are still avoiding handling Russian crude.

8. Pimco Sees Banking Turmoil as Threat to USA Oil, Gas Production

   US oil futures plunged to levels not seen since December 2021 on Wednesday.

9. California Win in Bid to Curb Oil Profits

   Governor Gavin Newsom struck a deal Monday with legislative leaders on a proposal to limit how much profit oil companies can make in California.

10. Russia Becomes China's Biggest Oil Supplier

    Russia surpassed Saudi Arabia as China's biggest oil supplier with refiners taking advantage of cheap barrels.