Rigzone Industry News

The PE unit, with a capacity of 625,000 metric tons per year, more than doubles the current production capacity at the Baystar site in Texas.

TotalEnergies SE has completed the sale of a 40 percent interest in Block 20 in the Kwanza Basin, Angola.

TotalEnergies has insisted it is committed to cutting emissions while planning to raise oil and gas production by as much as three percent over the next five years.

Tamboran has raised its 2C estimate for the Australian basin by billions of cubic feet after reviewing drilling results.

The company plans to drill five new sidetracked production wells from existing platforms at its SASB gas field in the Black Sea.

According to Standard Chartered, there were two main talking points for oil markets last week - 'one top-down and one bottom-up'.

A sale of the assets by TotalEnergies would continue a trend of oil majors and private equity firms leaving the aging North Sea.

TotalEnergies has committed $300 million in equity investment to form an Indian JV with Adani targeting a renewables portfolio of 1,050 MW in capacity.

TWMA has secured a 10-year deal with Equinor for drilling waste management services.

'Normal in the eyes of most market participants today is $60 per barrel, but this perception is probably largely based on the recent experience of the market'.