Rigzone Industry News

The company has drilled two exploration wells to date this year.

Phillips 66 signed an agreement to acquire Pinnacle Midland Parent for $550 million in cash as part of efforts to expand its midstream operations in the Permian basin.

CalPERS executives wrote a letter to its members explaining the position.

Ekwan production will remain shut-in until it is safe to restart and necessary third-party infrastructure has returned to service.

The Fusaea 1 well revealed 'several oil and gas-bearing Campanian sandstone reservoir packages'.

The DOE made a conditional commitment of up to $1.66 billion in loan guarantee for six planned hydrogen production projects by Plug Power.

The Indonesian government and Petronas signed another 20-year extension for the Ketapang PSC and simultaneously signed a new offshore PSC.

'This milestone announcement is meaningful for PBS and allows us to press ahead with our five-year strategic plan across TotalEnergies' seven sites'.

The approved normal course issuer bid provides for the buyback of nearly 29 million shares.

Brazil's state-controlled oil giant is curbing shareholder payouts after a political blowup over its dividends.