Rigzone Industry News

The three-year contract is valued at over $200 million.

Los Angeles-based direct air capture (DAC) company CarbonCapture Inc., has completed its $80 million Series A financing.

The European Commission granted clearance for a $3.3 billion package offered by the Romanian government for onshore wind and solar photovoltaic farms.

The offloaded upstream assets are 'non-core to the Company strategy in the Country'.

While the IEA analysis highlighted progress in some places, on the whole it suggests oil, gas and coal producers and governments are falling short of promises to cut methane emissions.

The regulator warned a proposal by a government-appointed climate committee to suspend new oil and gas licenses would threaten energy security in Europe, wash out jobs in Norway and dent state revenues.

Canadian Overseas Petroleum Ltd. has filed bankruptcy in its home country and the United States.

Oil dipped as signs of stubborn US inflation whipsawed wider markets and OPEC said its latest supply cuts stalled.

The DOE earmarked $425 million in funding to aid energy transition in current and former coal communities by supporting small and medium clean energy companies.

The DOE offering $90 million to local governments, state agencies and relevant organizations.