Rigzone Industry News

The major LNG producer posted $9.9 billion in net profit for 2023 thanks to a favorable change in the fair value of its derivative contracts.

Further, Woodside and JERA have entered into a non-binding heads of agreement for the sale and purchase of six LNG cargoes on a delivered ex-ship basis per year for 10 years starting in 2026.

Seatrium will start building an electrical transmission system for TenneT in June.

UK energy bills are set to fall to the lowest level in two years as wholesale prices continue to decline rapidly.

Oil fell as the lack of fresh drivers prompted some investors to exit positions ahead of the weekend and the dip below a key technical indicator accelerated selling.

The collaboration 'will deliver an integrated solution to empower operators with seamless access to TGS licensed well data through Enertel's QuantumCast software platform'.

The EPA's final rule, demanded by eight Midwestern governors, is meant to encourage more filling stations in the region to sell E15 gasoline that contains 15 percent ethanol.

H2H Saltend is a 600-megawatt low carbon hydrogen production plant with carbon capture.

EnergyPathways has signed a memorandum of understanding with the two companies for subsea front end engineering design (FEED), project support, procurement and offshore construction services.

Marathon Oil posted $1.5 billion in net profit for 2023.