Rigzone Industry News

The refinery has a crude oil processing capacity of 7 million metric tons per year.

The call will open for submission on April 30 and will close on October 22.

The two projects have a combined total capacity of 110 MW, providing a valuable source of energy security for the Texas grid once operational.

The U.S. Energy Information Administration raised its West Texas Intermediate oil price forecast for 2024 and 2025.

Whiptail, the sixth project on the Stabroek block, is expected to add approximately 250,000 barrels of daily capacity by the end of 2027.

The 27-member bloc has also stored 70.6 Bcf of gas in Ukraine.

Energean has completed a farm-in to Chariot Limited's acreage offshore Morocco.

'EIR expects global oil demand to grow to approximately 108 million barrels per day by 2030'.

Exxon Mobil Corp. Chief Executive Officer Darren Woods' pay climbed 2.8 percent to $36.9 million last year.

The U.S. Energy Information Administration increased its average Brent spot price forecast for 2024 and 2025 in its latest short term energy outlook.