Rigzone Industry News

Eni presented to the Widodo government its natural gas expansion plans for Indonesia and at the same time signed an agreement with the energy ministry for energy transition cooperation.

EU natural gas buyers participating in the bloc's coordinated gas purchasing platform can now offer six-month contracts for potential suppliers during a buyer-vendor partnership of up to five years.

The Newfoundland and Labrador oil regulator revealed that the discovery well had been assessed to hold 340 million barrels of recoverable oil.

Exxon Mobil Corp. and Chevron Corp. plan to aggressively ramp production from the Permian Basin this year.

Exxon Mobil Corp. and Chevron Corp. surpassed earnings forecasts.

Exxon Mobil Corp's expanding trading operation boosted fourth-quarter earnings by more than $1 billion.

Eni S.p.A. has closed the acquisition of Neptune Energy Group Limited, while Var Energi ASA has completed the acquisition of Neptune Energy Norge AS.

The proposed project in the port city of Livorno has a planned processing capacity of 500,000 metric tons annually.

Europa said it intends to use the extension to carry out further technical studies and allow more time to secure a partner to advance development of the license.

The pipeline operator cited higher interest rates, economic uncertainty and unspecified geopolitical developments.