Rigzone Industry News

President Joe Biden sought to downplay a report showing higher-than-expected inflation in June.

Baker Hughes and Petrosafe, a subsidiary of the Egyptian General Petroleum Corporation, have announced a contract to reduce flaring emissions in refinery ops in Egypt.

BP and Shell will assist with travel expenses for U.S. employees who cannot readily access health services.

Baker Hughes has published its 2021 Corporate Responsibility Report, outlining actions the company has taken to fulfill its net-zero carbon reduction goals by 2050.

Saipem has sold the FPSO Cidade de Vitoria to BW Energy, currently working for Petrobras in the Golfinho field offshore Brazil.

BW Energy has confirmed it was having discussions with Petrobras over a potential purchase of a stake in the Golfinho Cluster offshore Brazil.

More deals are seen as likely as local producers sit on cash hoards from $100-plus oil prices.

The Bureau of Ocean Energy Management will conduct an environmental review of the first proposed wind energy project offshore Maryland.

For investors in Big Oil, the fight against the climate crisis has lost momentum in 2022, according to Follow This.

President Biden is likely to visit Saudi Arabia later this month during his NATO and G7 meetings, with record high US gas prices weighing on his party's political prospects.