Rigzone Industry News

The share of fossil fuels in energy consumption in the European Union in 2022 stood at 70.9 percent.

Technip Energies will provide FEED services for the carbon dioxide transportation system, including the CO2 handling station.

Oil fell after a choppy session as traders assessed conflicting reports of progress on an agreement to pause the Israel-Hamas war and release hostages.

Oil prices have seen only limited gains this year.

Permian Resources gave up non-core assets in the Eagle Ford shale play while acquiring mostly-undeveloped acreage, in separate transactions it said will optimize its portfolio.

'Egypt will suffer significantly as traffic through the Suez Canal declines significantly'.

Florida-based investment and asset management firm Nebula Energy LLC has bought a majority stake in AG&P LNG.

QatarEnergy has awarded contracts worth over $6 billion for main works in the next-phase development of the Gulf state's biggest oil field.

'With presidential elections in November, the pause is likely to delay approvals until at least the end of the year'.

NNPC said the government's decision to end fuel subsidies has set the stage for sustained profitability.