Rigzone Industry News

Norway has designated two areas in the North Sea for applications for CO2 storage projects.

Petronas and ExxonMobil agreed to further explore a potential gas production area offshore Suriname where the leaseholders had declared a gas discovery, albeit a commercially unattractive one.

OQC's technology provides 'several potential groundbreaking opportunities for the energy sector'.

The plan proposes 2,982.6 miles of new lines through 2045.

China's oil demand has entered a low-growth phase as decarbonization starts to eat into consumption of fossil fuels.

Saudi Arabia's government transferred a further $164 billion stake in Aramco to the Public Investment Fund.

Fervo secured $244 million in funding to support operations at a Utah project that aims to demonstrate the adaptability of oil and gas technology into geothermal energy.

'Diamondback was the eventual winner in what we believe to be a highly competitive bidding process,' Morningstar said.

'These accretive investments provide near-term growth in the U.S. Gulf Coast and set the stage for the future expansion through high quality partnerships and embedded organic opportunities'.

Nigeria introduced new measures aimed at revamping investment in the country's oil and natural gas sector.