Rigzone Industry News

Higher gasoline prices jeopardize the fight against inflation that's dogged both President Joe Biden and Federal Reserve Chair Jerome Powell.

Libyan Oil Minister Mohamed Oun has been suspended from office pending an investigation, according to a government agency.

Legislation has been proposed before the California assembly to penalize oil and gas drillers for low-producing wells near communities until they plug and abandon these wells.

'This bill prohibits the president from declaring a moratorium on the use of hydraulic fracturing unless Congress authorizes the moratorium'.

The meeting was co-chaired by OPEC Secretary General Haitham Al Ghais and Zhang Jianhua, the administrator of the National Energy Administration of the People's Republic of China.

Gazprom has begun constructing natural gas trunklines to integrate the Power of Siberia pipeline with the Far East's local gas distribution network.

Pemex is promising to cut its greenhouse-gas emissions by 54 percent over the next six years, and is targeting net-zero emissions by 2050.

Lead developer Eni said the pipeline approval gets the HyNet CCS project closer to FID, which is expected later this year.

Canacol's net income for 2023 stood at $86.2 million.

Exxon pressed the case for hydrogen produced from natural gas to receive U.S. tax credits under the Inflation Reduction Act.