Rigzone Industry News

In 2023, the Texas oil and natural gas industry employed 480,176 people, according to the Texas Oil & Gas Association.

BP said it will repurchase $1.75 billion of shares each quarter in the first half of the year.

Helsinki-based Kemira Oyj has completed the divestment of its oil and gas-related portfolio to Sterling Specialty Chemicals LLC, a U.S. subsidiary of Indian industrial chemicals company Artek Group.

The loan will be used to help the Belgian power and gas utility implement its industrial plan for 2023-2026.

Kate Thompson has been appointed as BP's CFO and will join the company's board with immediate effect.

Eni presented to the Widodo government its natural gas expansion plans for Indonesia and at the same time signed an agreement with the energy ministry for energy transition cooperation.

The $2.51 million (GBP 2 million) project powers subsea equipment off the coast of Orkney, Scotland, through a combination of wave power and subsea energy storage.

No one was injured and no crude leaked into the ocean.

EU natural gas buyers participating in the bloc's coordinated gas purchasing platform can now offer six-month contracts for potential suppliers during a buyer-vendor partnership of up to five years.

The acquisition, expected to close on March 14, will provide PDP reserves of approximately 16 million barrels of oil equivalent.