Rigzone Industry News

State-run YPF SA said its sweeping plan to divest aging oil fields will free up hundreds of millions of dollars to invest in its shale push in the heralded Vaca Muerta formation.

Argentina's state-owned oil driller YPF tapped investors with a new dollar bond to help finance a buyback of existing debt.

The plant is the world's first post-combustion carbon capture unit installed onboard an FPSO.

Treasury Secretary Janet Yellen said the U.S. is preparing to crack down on evasion of the Group of Seven's price cap on Russian oil.

Treasury Secretary Janet Yellen said the recent increase in oil prices is unwanted, but they should stabilize in time.

Northern Lights and Yara have agreed to transport and store CO2 captured from Yara Sluiskil, an ammonia and fertilizer plant in the Netherlands.

HSA Group's contribution is the first committed by a private sector organization.