Rigzone Industry News

Quantum Capital reportedly agreed to buy Caerus Oil and Gas in a deal that values the Rocky Mountain energy explorer at $1.8 billion.

'Recent structural changes to the Norwegian upstream industry have favored an increasingly small group of very large companies with long-term investment horizons and access to low cost of capital'.

MEPUSA will drill wells to evaluate well performance and develop and operate the asset aiming for full-scale development after 2026.

Martin Midstream said it is working to mitigate the environmental impact caused by a 2,000-barrel crude oil spill from its transfer pipeline connecting the Sandyland Terminal to the Smackover Refinery.

The Haisla Nation and Pembina reached an FID to pursue the $4 billion floating gas liquefaction project in British Columbia.

The EU disbursed a record $3.2 billion to 10 countries under a clean energy financing program for poorer members.

John Hess joins the board's compensation, governance, and risk committees.

Eni said the plaintiffs in the climate suit in Rome are seeking to delay legal proceedings, after the judge set the decision for September.

It is the latest example of independent energy traders stepping in with deals for oil-producing countries in Africa.

The funds will be used to import 300,000 tons of heavy fuel oil and other energy needs.