Rigzone Industry News

Oxy Oman and OQGN will jointly study potential carbon capture, utilization, and sequestration (CCUS) projects in Oman.

Oil inched up as technical gauges signaled that crude's plunge to a three-month low on Wednesday was overdone.

Hedge fund manager Pierre Andurand says better than expected oil supplies have been the trigger for crude's recent retreat.

Occidental's oil and gas pre-tax income for the third quarter was $2.0 billion, compared to pre-tax income of $1.1 billion in the previous quarter.

Oil extended declines as traders digested signs of weakening economies and ample supplies while awaiting more clues on the Federal Reserve's path for interest rates.

Blackrock will invest $550 million on behalf of clients in the development of Stratos, designed to capture up to 500,000 metric tons of carbon dioxide per year.

OMV and partner Wien Energie eye 200 MW in capacity.

Oil fell the most in more than three months as weak trade data from China and fresh doubts about whether the Federal Reserve has finished raising rates clouded the outlook for demand.

OPEC+ still has a positive outlook for growth in oil demand.

Oil edged up after Saudi Arabia and Russia reaffirmed they will stick with oil supply curbs of more than 1 million barrels a day through the end of the year.