Rigzone Industry News

CNOOC declared a technical breakthrough in oil and gas exploration with a discovery in an 'ultra-shallow gas play in ultra-deep water' in the South China Sea.

China imported 1.54 million barrels a day of Iranian oil last month.

The company is moving into the front-end engineering design (FEED) phase, the last stage before it makes a final investment decision (FID) for its foundational GTL project, which is expected in mid-2026.

The National Energy Administration aims to complete 37 major power lines and start construction on another 33 by the end of the year.

The ConocoPhillips-Marathon Oil transaction represents a pivot in U.S. shale mergers and acquisitions, according to Enverus Intelligence Research.

Chariot will conduct further post-drill analysis in preparation for well flow testing.

The Czech Republic received European Commission clearance to provide $3.5 billion in state aid for heat and electricity co-generation projects with high efficiency.

Azerbaijan is working on a proposal to place a levy on oil, gas and coal production in order to fund climate action in developing countries.

A draft FERC environmental impact statement has been issued for the proposed 122.2-mile gas pipeline.

The deal is expected to close in the fourth quarter of 2024.