Rigzone Industry News

The financing will be used to cover Moomba project costs incurred to date and will be tapped as the project progresses to the first injection, targeted for mid-2024.

Saudi Arabia's top chemicals maker warned of 'considerable uncertainty' for the industry.

Seatrium will start building an electrical transmission system for TenneT in June.

Houston-based Sage Geosystems has raised $17 million in Series A funding, which will finance the company's three-megawatt commercial geopressured geothermal facility facility to be constructed in Texas.

A boom in Scottish diesel imports offers a glimpse into the country's future energy security ahead of the potential closure of its only oil refinery.

The majority of the latest monthly balance reports point to improving oil market fundamentals, the Head of Commodities Research at Standard Chartered Bank noted in a report sent to Rigzone.

Singapore is setting up a $3.7 billion fund to invest in clean energy technology and infrastructure.

The growth is expected to be driven by China's shift from coal to gas and economic development in South and Southeast Asia.

Seatrium will deliver the full-scale retrofit of a seven-megawatt CCS system on Solvang's ethylene carrier Clipper Eris.

Analysts at Standard Chartered said they still do not think crude oil prices fully reflect the rapid tightening of the market or the recent escalation of geopolitical risk.