Rigzone Industry News

NNPC said the government's decision to end fuel subsidies has set the stage for sustained profitability.

NextEra Energy Partners performed at a loss but posted $112 million in net income for the fourth quarter thanks to holdovers from discontinued operations.

The 2,400-MW Leading Light Wind Project and the 1,342-MW Attentive Energy Two Project are the first wind farms approved by the state this year.

The expansion of the Lea County Express Pipeline System will increase capacity from 140,000 barrels per day (bpd) of water to 340,000 bpd in 2024.

Naftogaz paid $2.2 billion in taxes to Ukraine last year, with a further $180.4 million transferred to local budgets.

NNPC destroyed more than 5,500 unauthorized refineries and nearly 4,500 illegal pipeline connections over the last three years.

Novatek saw production rise 0.9 percent last year.

Climate activists won a court case in Norway against the state over development plans for three oil and gas fields.

The two companies plan to use 3D seismic data set to jointly develop production growth opportunities across an expansive area of East Texas.

Of the 62 production licenses offered in APA 2023, 29 are located in the North Sea, 25 in the Norwegian Sea, and eight in the Barents Sea.