Rigzone Industry News

Cenovus Energy blasted the Canadian government for not providing enough financial support for the oil-sands industry's proposed $12.2 billion carbon capture system.

Conrad will partner with PGN in the provision of gas or LNG supply and development infrastructure for gas resources from its two Aceh PSCs.

'The project aims to create lower carbon energy by utilizing solar power, land, and non-potable produced water from Chevron's existing assets at the Lost Hills Oil Field in Kern County'.

Republican critics have sought to bar the sale of oil from the Strategic Petroleum Reserve to China.

Civitas reported a net income of $302.8 million for the fourth quarter.

Conventional oil and natural gas capital investment for 2024 is forecast at $20.10 billion (CAD 27.3 billion), while oil sands investment is expected to reach $9.79 billion (CAD 13.3 billion).

The major LNG producer posted $9.9 billion in net profit for 2023 thanks to a favorable change in the fair value of its derivative contracts.

LNG buyers, including Shenzhen Energy and China Gas, are in talks with potential suppliers for additional cargoes for the next several months.

The assets include approximately 12,000 miles of main pipeline in Louisiana and Mississippi serving approximately 380,000 metered customers.

After a stretch of hyperinflation that neared an estimated 2 million percent a year, Venezuela posted the smallest consumer price increase for January in more than a decade.