Rigzone Industry News

ConocoPhillips and Aker BP received consent from Norwegian authorities to start production in two separate oil projects in the North Sea.

Electricity prices in Spain slumped to almost nothing as the nation's wind and solar parks are churning out more power than ever.

Malaysian and Japanese energy companies have signed an agreement to study and plan a carbon dioxide (CO2) storage site offshore Sarawak.

It's rare for disputes between any of the world's supermajor oil companies to spill out in public.

Oil posted a second straight monthly gain as physical markets show signs of strength and traders look ahead to OPEC+ potentially extending its supply cuts.

'Assuming both APA and Callon shareholder approvals are obtained, the closing of the acquisition is expected to occur on or about April 1, 2024'.

The initiative will help increase income using underutilized renewable technologies including smaller-scale wind projects.

The DOE has earmarked $45 million in grants for 16 projects on cybersecurity technologies that can counter not only current forms of threats but also future ones.

Crude oil stocks in the U.S., not including the SPR, stood at 447.2 million barrels on February 23, the EIA revealed.

The company's adjusted net income for the fourth quarter of 2023 was $1.78 billion, or $3.07 per share, compared to $1.94 billion, or $3.30 per share, in the previous-year quarter.