Rigzone Industry News

'His extensive experience in the oil sands industry spans operations through to executive strategy'.

Venezuela's state-owned oil company is objecting to the bidding process for the court-ordered sale of a unit that owns US-based refiner Citgo Petroleum.

The research will look into generation processes and the feasibility of extracting natural hydrogen in the country.

'We need to maintain low costs, otherwise nobody is going to be able to afford the energy transition'.

Petrobras attributed the year-over-year increase mainly to the ramp-up of its floating production, storage and offloading units (FPSOs).

Petrobras signed an MOU with the government of Rio Grande do Norte to explore the feasibility of a pilot offshore wind project in the state.

'Trading in the company's shares will be temporarily suspended from 7.30 am on May 1, 2024'.

Petrobras said the divestment is a more favorable option compared to decommissioning the facilities and forfeiting concessions to the ANP.

Phillips 66's adjusted earnings per share (EPS) for the quarter was $1.90, compared to adjusted EPS of $4.21 in the first quarter last year.

Mexico's state-owned Pemex posted a profit of $274 million for Q1.