Rigzone Industry News

NextEra Energy Partners performed at a loss but posted $112 million in net income for the fourth quarter thanks to holdovers from discontinued operations.

The pipeline operator cited higher interest rates, economic uncertainty and unspecified geopolitical developments.

The CAPEX guidance increase reflects additional capital costs incurred by the Who Dat, Dome Patrol and Abilene joint ventures.

Under the agreement, deliveries will begin in 2026 and continue for 10 years across India.

Walton Morant is an offshore exploration block measuring 8,649 square miles (22,440 square kilometers) and located south of Jamaica.

Poland will probe the merger of its two biggest refiners.

West Texas Intermediate crude rose to settle near $78 a barrel, bolstered by a wave of technical trading.

The government issued joint plans to prevent risks to the endangered North Atlantic right whale species from offshore wind energy installations.

Equinor canceled a power supply agreement with New York state for the Beacon Wind project and entered a deal to fully transfer the lease to partner BP in exchange for the latter's stake in similarly costs-hit Empire Wind.

The event occurred 'during normal pipelaying operations'.