Rigzone Industry News

IFM Investors plans to spend more than $651 million ramping up production of sustainable aviation fuel in Australia.

The Biden administration is reportedly moving forward with proposed emission standards for motor vehicles that the API says constitute a de facto ban on new gasoline-fueled cars.

The Austin-based company aims to create the largest proppant producer in the USA.

Adnoc is inching toward an improved bid after finding a potential way to resolve the impasse over its $12.1 billion pursuit of Covestro.

Under the contract ASCO will provide base and pipe yard management services to bpTT across all its 16 offshore locations in Trinidad.

As part of the settlement, Apache is also expected to spend $5.5 million on preventive measures.

President Andres Manuel Lopez Obrador tightened his grip on Mexico's power industry Thursday.

WFCN became concerned about Obsidian's oil development plans in its territory after the AER found that improper disposal of industrial waste had caused a serious earthquake.

'This administration has used every tool at its disposal to restrict access to vast energy resources in federal waters', says API Senior Vice President and General Counsel Ryan Meyers.

ARC reported net income of $373.76 million (CAD 506.3 million) for the fourth quarter of 2023, compared to $547 million (CAD 741 million) in the previous-year period.