Rigzone Industry News

Tanzania has made history with the signing of the initial Host Government Agreement for the country's $30 billion LNG project.

It is expected that any new licenses will be awarded in early 2023.

More deals are seen as likely as local producers sit on cash hoards from $100-plus oil prices.

For the first time in the history of 24 Hours of Le Mans, race cars have been powered by renewable fuel.

Oil futures shrugged off a broader market selloff, sustained by a growing belief that even an economic slowdown would fail to alleviate an ongoing supply crunch.

ABB and Wison Offshore & Marine have formed a partnership to develop floating liquefied natural gas (FLNG) projects.

Eni has inaugurated the first road mobility station to open to the public in an urban area in Italy where it is also possible to refuel using hydrogen.

Potential low-carbon hydrogen demand from the global refining sector could reach 50 million tons per annum by 2050, says Wood Mackenzie.

BP has acquired a stake in Equinor's controversial Bay du Nord project and sold its interest in the Sunrise oil sands project in an agreement reached with Cenovus Energy.

'We're going to make sure that everybody knows Exxon's profits'.