Rigzone Industry News

The new licenses are each expected to have the capacity to store around 5 million tons of CO2 per year once operational.

The completion of the transaction is expected by the end of the year, subject to customary regulatory and antitrust approvals.

In its latest short term energy outlook, the U.S. Energy Information Administration increased its U.S. crude oil production forecast for 2024.

An appellate court ruled that a suit by Michigan's attorney-general to shut down the Enbridge pipeline on safety risks should be heard in state court as Enbridge failed to timely argue for federal jurisdiction.

Equinor contracted Vallourec to provide tubes and connections for its Brazilian projects.

Ecuador's government unveiled a plan to slash subsidies for low-octane gasoline as it continues to adjust public finances.

Team Europe committed $507 million for a 137-mile undersea electricity link between Italy and Tunisia.

The CO2 will be transported to safe and permanent storage offshore Norway via the planned CO2 Highway Europe pipeline project.

Elixir Energy engaged Condor Energy Services to complete the remaining stimulation stages at the Daydream-2 appraisal program.

The EIB agreed to provide advisory support for the construction of two large pumped-storage hydropower plants in Bulgaria.