Rigzone Industry News

Hess reported $413 million in net income for the fourth quarter of 2023.

U.S. crude oil stocks, not including the SPR, stood at 421.9 million barrels on January 26, according to the EIA.

Exxon Mobil Corp's expanding trading operation boosted fourth-quarter earnings by more than $1 billion.

Santos has agreed to provide additional time for Kumul to pay the full purchase price of its stake acquisition in PNG LNG.

The Manager of Policy and Communications at the Institute for Energy Research has issued an oil price warning.

'This is an astute time to abandon the 13 million barrel per day capacity target'.

Austria-based Innio Group is supplying five Jenbacher J920 FleXtra engines to power a 50 megawatts equivalent (Mwe) combined heat and power (CHP) project.

Eni S.p.A. has closed the acquisition of Neptune Energy Group Limited, while Var Energi ASA has completed the acquisition of Neptune Energy Norge AS.

Pemex's goals include reducing its greenhouse intensity index in oil and gas production 48 percent by 2027, as well as in refining processes 36 percent by 2027.

The share of fossil fuels in energy consumption in the European Union in 2022 stood at 70.9 percent.