Rigzone Industry News

This is MODEC's 19th FPSO for Brazil and second for Shell in Brazil.

The Canadian company finished a mountainous segment in British Columbia that had delayed operations.

Iraq again missed its OPEC+ oil production target in March.

Oil edged higher, extending a rally that has brought prices to a five-month high, after OPEC+ ministers affirmed current supply cuts.

The U.S. Bureau of Ocean Energy Management announced the next steps in the national outer continental shelf oil and gas leasing program.

Karoon Energy said its total committed CAPEX for 2024 has increased to $117 million to 134 million.

Conrad Energy secured GBP 200 million ($233.5 million) in financing for two synchronous condensers to be installed in the East of England.

The Alberta government is investing $24.84 million (CAD 33.7 million) in technologies aimed at reducing emissions and improving the province's energy grid.

Aramco Trading Americas, based in Houston, was set up last year to handle buying and selling for the company's oil-refining business.

The company reported successful flow testing of the Upper SFS reservoir in its Hickory-1 well.