Rigzone Industry News

Proved reserves of U.S. crude oil and lease condensate increased by 6.2 billion barrels.

Activity in the oil and gas sector continued growing in the fourth quarter of 2022 but economic uncertainty has led executives to lower their expectations.

BP has completed its purchase of Archaea Energy, a provider of renewable natural gas for $4.1 billion.

'The energy and climate crises and their economic and social consequences will remain key issues for the EU and the world'.

Plenitude, through its U.S. subsidiary Eni New Energy US, has acquired the 81 MW Kellam photovoltaic plant located in North Texas.

Brazil's new government has decided to extend for 60 days a tax-cut measure to keep down fuel prices.

The UK Treasury signaled it plans to cut funding to businesses.

LNG import capacity in the EU and the UK will expand by 34 percent, or 6.8 billion cubic feet per day, by 2024 compared with 2021.

South Africa has had more than 200 days of power cuts this year.

US shale executives remain concerned about the outlook for rising costs going into 2023 as they continue to struggle with hiring and retaining workers.