Rigzone Industry News

Petrobras has no plans to lower jet fuel prices as part of a wider effort to rescue struggling Brazilian airlines.

Phillips 66 appointed a new independent director and will name another member to the board in the coming months.

'The operation marks the resumption of exploratory operations on the African continent, with the aim of diversifying the portfolio'.

South Africa is preparing to appoint a CEO of state oil and gas company PetroSA, ending a more than yearlong leadership vacuum.

The European Commission cleared a Polish scheme to provide a total of $322.9 million to workers who would be affected by the country's planned closure of coal-fired power plants.

The company's adjusted EBITDA for the quarter was $112.38 million (CAD 151.2 million), up 66 percent compared to $67.71 million (CAD 91.1 million) in the comparable period in 2022.

'These awards span across three states and will help to meet the energy needs of thousands of homes in the communities we serve'.

The extension will facilitate the drilling of the MOU-5 well to evaluate the 68-square-mile (177-square-kilometer) Jurassic structural closure in a crestal location.

Phillips 66 is eyeing to give up assets to support its shareholder return target and other long-term priorities while focusing investment on low-cost but high-return projects.

The Pegasus system conditions field gas into consistent, high-quality fuel to be used in place of diesel for hydraulic fracturing fleets.