Rigzone Industry News

'The country's exploration success in offshore areas has bolstered our outlook for its natural gas reserves and production,' BMI analysts said.

U.S. gasoline futures have jumped sharply in recent weeks.

The CER has approved the Inuvialuit Energy Security Project (IESP) Energy Centre project, which will convert natural gas into compressed natural gas, propane, and synthetic diesel.

'Optimism for oil was tempered on Friday,' the commodities chief said.

The company had previously forecast these assets to generate approximately 1,000 barrels of oil equivalent per day (boepd).

According to Rystad Energy data and research, crude production in OPEC+ countries increased in February.

The Mendubim plant will produce 1.2 terawatt-hours (TWh) of power annually.

'To capture that opportunity, we believe Woodside should prioritize adding new energy and business transformation skills.'

The EIB signed its first agreement with Sunfire worth up to $109.2 million To support the innovative electrolysis technologies needed for Europe`s green transition.

Petrobras recorded its second highest annual net income, raking in $24.9 billion for 2023, and plans to distribute 58.1 percent of that as dividends.