Rigzone Industry News

The expansion of the Lea County Express Pipeline System will increase capacity from 140,000 barrels per day (bpd) of water to 340,000 bpd in 2024.

'Comprehensive employee wellness programs are gaining crucial attention'.

'The coming year will be another rollercoaster ride for the industry'.

The expansion raises the alliance's portfolio of floating offshore wind projects in Spain to 1.25 GW.

For the EU to hit emissions reduction targets recommended by scientists for the next decade, power production will need to increase to 5,212 tWh by 2040 from 2,905 tWh in 2021.

Eco now becomes the 100 percent owner of the Orinduik block.

Naftogaz paid $2.2 billion in taxes to Ukraine last year, with a further $180.4 million transferred to local budgets.

The company will to provide detailed design and engineering services for the subsea development at Egypt's West Delta Deep Marine (WDDM) concession, part of the Burullus Gas Field in the Mediterranean Sea.

The round is expected to garner more than $0.27 billion (MYR 1.3 billion) worth of capital investment in the country in the form of exploration work activities.

'We've now demonstrated that we do have that ability to bring two organizations together and to capture value'.