Rigzone Industry News

The Montney play-focused natural gas producer reported $10.6 million in net profit for the first quarter.

China's first shipment of crude from Niger has been blocked by a border dispute.

The company's crude oil, natural gas, and natural gas liquids (NGL) sales for the first quarter were up 18 percent from the previous quarter.

The company now expects to average 102,000 to 107,000 bpd for 2024 oil production.

'This transaction allows us to realize value for these non-core assets which had limited impact in the company's future plans'.

The project, part of the Bozhong 19-6 gas field, is planned to achieve a peak production of 5,800 boepd.

A pipeline will be built to bring hydrogen from the HOST PtX Esbjerg project to Germany.

'For the first time, an unmanned aircraft weighing more than 55 pounds that flies above 400 feet and beyond visual line of sight has been approved for commercial operations in the U.S.'

ConocoPhillips saw earnings for the first quarter fall year-on-year and quarter-on-quarter as weaker prices offset higher oil and gas production.

Chevron and its partners have been given six months to give unconditional consent to start the field's front-end engineering design.