Rigzone Industry News

The EU proposed a plan to pull in $141.5Bn in windfall profits earned by power and fossil fuel firms and redistribute it to consumers.

Chief executive officers of Eni and ADNOC met to discuss the progress of the Italian firm's activities in Abu Dhabi and future projects of common interest.

The move is the latest example of energy suppliers exercising cancellation clauses in long-term contracts to free up shipments to sell into the more lucrative spot market.

EnerMech has invested over $9MM in the first Irish facility to support growth in new markets and announced the creation of 170 new jobs.

European farm and food groups said soaring energy prices could lead to shortages of fruit and vegetables.

A number of green hydrogen projects in Europe have already been put on hold or delayed by regulatory uncertainty.

Energy companies have paid tribute to Queen Elizabeth II.

Eni has agreed to acquire BP's business in Algeria, including the In Amenas and In Salah gas-producing concessions.

The EPA has denied a permit for an offshore oil terminal proposed on the Gulf Coast, ruling that the Bluewater Texas terminal would need to reduce its air pollution by about 95 pct.

Emerson will provide integrated wind automation solutions and services for three greenfield wind farms in China.