Rigzone Industry News

Europa Oil increased the 2P estimate for the Wressle field in the United Kingdom by 263 percent.

LNG shipments to China rose 12 percent in 2023 to nearly 71 million tons.

For the second year in a row, global banks made more money underwriting bonds and providing loans for green projects than they earned from financing oil, gas and coal activities.

The contract is valued at approximately $519 million, inclusive of mobilization fees and additional services.

Libya's largest oil field halted production after protesters entered the facility, according to a person with direct knowledge of the operations.

Oil climbed as supply disruptions in Libya, increased tensions in the Middle East and an OPEC statement stressing its commitment to stabilizing prices ushered bulls back into the market.

Anaergia is selling $15.6 million of IRA tax credits generated by its biogas facility in Rhode Island.

Chevron recognized an accounting hit of up to $4 billion from impairments of upstream assets and losses related to sold production properties in the US.

'Monthly EIA production figures for October showed U.S. oil production roughly flat month on month'.

Calgary-based Pason Systems Inc. has purchased all remaining common shares of Intelligent Wellhead Systems Inc. (IWS) for a total consideration of $66.18 million (CAD 88.2 million).