Rigzone Industry News

Sunak arrives at COP28 trying to show the UK remains committed to the climate cause after he watered down his green agenda.

The benchmark toll, set at $11.46 per barrel, applies on an interim basis, to shippers with a 15-year contract transporting under 75,000 barrels per day from Edmonton to Burnaby.

The coalition will bring together industry stakeholders and work to profile and support advanced methane measurement, detection, mitigation, and capture solutions that can be deployed at scale in Canada.

Hydrogen-electric aircraft developer ZeroAvia Inc. has completed its series C funding round for a total of $116 million.

Lower than expected cuts and shaky commitment had crude futures reversing course on Thursday.

Under the agreement, OnStream CO2 will design, construct, own, and operate carbon dioxide capture equipment near the Commonwealth LNG site in Cameron, Louisiana.

Mexico Pacific has awarded the EPC contracts for the Sierra Madre pipeline project.

Saipem announced that it has been awarded two offshore contracts worth approximately $1.9 billion.

OPEC+ agreed to deepen its production cuts following a slump in crude prices and predictions of a renewed surplus next year.

Occidental Petroleum Corp. is in talks to buy shale driller CrownRock LP, according to the Wall Street Journal.