Rigzone Industry News

Beach Energy has finalized and signed the LNG Sale and Purchase Agreement with a subsidiary of oil and gas supermajor BP.

The second quarter of the year has been a real profit bonanza for Big Oil with almost all members reporting record-smashing numbers with TotalEnergies and Eni reporting pretty much the same.

BP has decided to raise its dividend and boost share buybacks after second-quarter profits hit a 14-year high due to higher refining margins and trading.

After Joe Manchin delivered a fatal blow to climate change legislation championed by Biden, White House officials began making plans for the president to take matters into his own hands.

Biden's plan to crack down on smog in the oil-rich Permian Basin threatens to curb crude production while gasoline prices are near record highs.

President Biden called climate change an 'existential threat' and unveiled new policies to fight its effects - including opening additional offshore areas to wind farms

A shortage of refining capacity, compounded by a reduction in exports of Russian oil products since the invasion of Ukraine, have pushed road fuel prices to record levels in many countries.

Biden heads to Saudi Arabia from Israel later on Friday.

Biden's visit to Saudi Arabia is unlikely to lead to a breakthrough in U.S.-Saudi relations.

Block delivers solid Q2 with production rising.