Rigzone Industry News

Afreximbank has now disbursed $3.175 billion under Nigeria's $3.3 billion syndicated oil pre-payment facility.

The EBRD intends to loan $323 million to Ukrainian state-owned companies for the restoration and building of grid infrastructure and the expansion of generation capacity.

Iraq expects to soon reach a final agreement with Kurdistan and international oil companies there to restart oil exports.

QatarEnergy roped in a new partner for the North Field East expansion project through an agreement with Taiwan's CPC, which also signed a long-term offtake for the LNG project.

Equinor named new members and re-elected some existing ones to its board of directors.

First Solar received the EPEAT Climate+ designation for its Series 6 Plus and Series 7 TR1, the world's first PV solar modules to do so.

John Bethancourt's appointment takes effect July 1.

Mercuria Energy Group Ltd. has invested in Black Bayou Energy Hub LLC.

Wages for U.S. oil workers set a fresh record in April.

Oil posted a weekly decline as algorithmic traders accelerated selling pressure after OPEC+ announced a plan to loosen its production curbs.