Rigzone Industry News

PDC Energy has secured approval from Colorado Oil and Gas Conservation Commission for its Kenosha Oil & Gas Development Plan.

New Stratus Energy has entered into an MoU with EP Petroecuador to accelerate the development and production of its oil fields in blocks 43 and 31.

Total hydrocarbon production in the Permian Delaware Basin will hit a record 5.7 mboepd per day average in 2022, according to Rystad Energy.

PGNiG Upstream Norway plans to produce an additional volume of approximately 17.5 billion cubic feet of natural gas this year.

Public E&P companies are on track to shatter previous record profits this year as high O&G prices and surging demand drive financial success.

The Oklahoma City-based company told investors of a new, so-called mobile frack-sand mine it launched on 15,000 acres of land it owns in the West Texas county of Loving.

Petronas, PTTEP and Eneos have all provided an update.

The Gothenburg Port Authority has published general methanol operating regulations for ship-to-ship bunkering.

The energy transition continues to gain steam, with oil demand projected to peak in this decade – perhaps as soon as 2025.

PTTEP has become the official operator of two offshore projects containing the Erawan, Platong, Satun, Funan, and Bongkot fields.