Author: Rigs & Barge World

Oil dipped, halting the longest rally in almost three months, after Ukrainian President Volodymyr Zelenskiy agreed to implement a partial truce, raising expectations that Russian crude will soon flow freely. West Texas Intermediate futures dropped as much as 0.9% before clawing back most of those losses to settle down 0.2% at $69 a barrel. The decline followed Ukraine’s ceasefire declaration and a White House announcement of a nascent Russian agreement to ensure safe navigation in the Black Sea and spare energy infrastructure. A potential truce between Russia and Ukraine is expected to lead to an easing of US and European…

Entrepreneurs entering the construction industry are at a unique crossroads, with sustainability becoming arguably indispensable for the sector. As climate concerns rise and regulations tighten, there is a growing demand for green building practices that prioritize energy efficiency, renewable materials, and reduced waste. By starting a green building company, entrepreneurs can meet this demand while contributing to environmental protection.This shift towards eco-conscious construction responds to escalating environmental concerns, evolving regulations, and growing consumer demand for sustainable living spaces. By focusing on energy efficiency, renewable materials, and the positive effects of sustainability on public health and the environment, new companies can…

AccuWeather hurricane experts are predicting a dynamic and potentially volatile Atlantic hurricane season this year, AccuWeather stated in a media advisory sent to Rigzone by the AccuWeather team on Wednesday. The AccuWeather 2025 Atlantic Hurricane Season Forecast predicts 13-18 named storms this year, with 7-10 of those storms expected to strengthen into hurricanes, the advisory noted, adding that three to five of those storms are predicted to strengthen into major hurricanes. AccuWeather highlighted in the advisory that a major hurricane is a Category 3 hurricane or higher on the Saffir-Simpson Hurricane Wind Scale. Category 3 hurricanes have maximum sustained winds…

Warehouse work comes with a unique set of physical challenges. But during peak seasons, like holiday shopping or events like Prime Day, those demands skyrocket. Orders double, workloads surge, and repetitive motions increase, leading to greater strain on workers. For those managing safety in these high-demand environments, the stakes are clear: reducing injuries while keeping productivity high.This article examines the importance of dynamic ergonomics, a way to adjust workstations, tools, and processes in real time to meet increased demands safely. With flexible and adaptive ergonomic strategies, companies can protect their workers from musculoskeletal strains, even when demand is high. Read…

In an oil and gas report sent to Rigzone late Monday by the Macquarie team, Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be down by 2.8 million barrels for the week ending March 21. “This follows a 1.7 million barrel build for the week ending March 14, with the crude balance realizing moderately looser than our expectations amidst strong implied supply,” the strategists noted in the report. “For this week’s crude balance, from refineries, we model crude runs down slightly (-0.1 million barrels per day) following a soft print last week,” they added. “Among net…

Shell Plc Chief Executive Officer Wael Sawan said the UK energy company will continue to look for potential acquisitions, but warned of the risks inherent in pursuing a major deal. Speaking in a Bloomberg TV interview Tuesday, he declined to answer directly if Shell would consider looking at its rival BP Plc, but said “the bar is high” for any transaction. Sawan said he expects smaller-scale, bolt-on acquisitions when the company does get around to M&A, and that they would likely center around upstream production. “If you’re going to go for a big acquisition, one has to recognize that that…

Oil market sentiment continues to improve, albeit very gradually and prone to reversals, after the lows hit during London’s IE Week in February. That’s what analysts at Standard Chartered Bank, including the company’s Commodities Research Head Paul Horsnell, said in a report sent to Rigzone late Tuesday by Horsnell, adding that the improvement has enabled prices to rise about $5 per barrel from their early-month lows. “We listed some of the reasons for the price upside in an earlier report, including technicals, geopolitical risk, and reappraisals of shale oil economics and global balances; the reappraisals imply that the potential sustainable…

(WO) – In many of the panels during CERAWeek 2025 by S&P Global—whose event boasted a record-breaking over 10,000 attendees this year—LNG cropped up as an ever-present staple of discussion.  In many cases, such as the Leadership Dialogue with Chairman of the Federal Energy Regulatory Commission (FERC) Mark Christie, LNG was not only a staple of discussion but, in his view, a staple for present and future energy generation. “When it comes to the electric grid,” he said in his opening remarks, “we have a rendezvous with reality.”  With the revolution of A.I. spawning data centers across the…

FourPhase, a Norway-based solids and production performance specialist for the oil and gas sector, has launched The Observer™ an advanced real-time data capture and optimization tool. Already deployed in five operations across the Gulf of Mexico and the Norwegian Continental Shelf, The Observer™ is set to be rolled out across all FourPhase operations, enabling full remote monitoring. The Observer™ aims to address three key industry challenges: reducing downtime through informed decision-making, optimizing equipment maintenance, and facilitating the transition to remote operations. By capturing real-time data to generate a live operational display in FourPhase’s operations center, the data then…

(WO) – Quorum Software, a leading provider of energy software worldwide, today announced that it has acquired zdSCADA, an established leader in cloud-based supervisory control and data acquisition (SCADA) technology. This acquisition enhances Quorum’s comprehensive Upstream On Demand suite, integrating best-in-class SCADA to provide real-time well data for production management. The addition of zdSCADA complements Quorum’s industry-leading FLOWCAL measurement software and Coastal Flow measurement services, enhancing its end-to-end digital oilfield capabilities. By combining zdSCADA’s advanced capabilities with Quorum’s industry-leading upstream and measurement solutions, operators will benefit from optimized production and measurement operations, improved efficiency, and enhanced digital connectivity between the field…