Rigzone Industry News

CNOOC declared a technical breakthrough in oil and gas exploration with a discovery in an 'ultra-shallow gas play in ultra-deep water' in the South China Sea.

The Italian aid scheme aims to raise renewable power production by 4,590 MW.

China imported 1.54 million barrels a day of Iranian oil last month.

Institutional investors can submit orders until Thursday for the deal, which was covered in just a few hours after it opened on Sunday.

Oil gained for a second session as expectations waned that OPEC and its allies will allow the market to become oversupplied.

The agreement with Pantheon secures up to 500 MMcfpd of gas for the liquefaction project for an extendable 20 years.

U.S. crude oil stocks, not including the SPR, stood at 455.9 million barrels on May 31, according to the EIA.

Prices jumped to the highest this year as Europe risked losing 20 percent of its Norwegian gas imports.

The company is moving into the front-end engineering design (FEED) phase, the last stage before it makes a final investment decision (FID) for its foundational GTL project, which is expected in mid-2026.

The technologies that have the potential to process any lithium-containing brine into a responsibly sourced supply of high-purity lithium, a key component in batteries.