Rigzone Industry News

The company generated an average third-quarter production of 3,043 barrels of oil equivalent per day, representing a 181 percent year-over-year increase.

Libya has started exporting oil from the Erawin field in the Murzuq basin.

Labour has pledged to create a $3.1 billion fund for companies creating clean tech jobs in hydrogen, offshore wind and carbon capture and storage around the North Sea.

North Asia's top LNG buyers are looking to resell shipments due in part to high inventories.

Lime Petroleum AS is acquiring a 17 percent stake in PL740 in the Brasse Field, Norwegian North Sea, from DNO Norge AS and OKEA ASA.

Hess posted $504 million in net profit for the third quarter.

Significant growth opportunities have been identified on the 55 net sections of DCEL land, including over 70 drilling locations, Lycos said.

Sinopec NZRCC will license Lummus' Novolen process technology for a new polypropylene plant in Ningbo, China, with a capacity of 500,000 tons per annum.

The European Commission has granted clearance for a Lithuanian support scheme of $203.91 million offered for a planned wind farm in the Baltic Sea.

'The presence of good quality sandstone reservoir, which was the main pre-drill risk, and the presence of gas is encouraging'.