Rigzone Industry News

Oil clinched its first monthly gain since September after attacks on vessels in and around the Red Sea diverted tanker traffic and escalated tensions in the Middle East.

Valero reported $1.2 billion in net income for the fourth quarter of 2023 and $8.8 billion for the full year, with record sales volumes and earnings.

'Whether this is a shorter-term pause or longer-term departure from the prior plan to increase capacity to 13 million barrels per day appears unclear'.

The world is on the cusp of what's likely to be the last big refining boom.

Nigeria and Morocco are elevating discussions toward a final investment decision for a planned transborder gas pipeline linking North and West Africa.

RPC posted a net income of $40.3 million for the fourth quarter of 2023.

Xcel Energy reported a net income of $1.77 billion for 2023.

'Rates have not hit anywhere near the levels we saw during Covid-19, but the sudden nature of the Red Sea crisis has seen a more rapid increase in rates'.

'This would be a sizeable jump from the 27 high impact wells drilled last year'.

Europa said it intends to use the extension to carry out further technical studies and allow more time to secure a partner to advance development of the license.