Rigzone Industry News

Sri Lanka's cabinet has endorsed the awarding of a contract to Sinopec to build a new refinery.

NOCK and KPC are among state-owned companies being proposed for privatization by Kenya's treasury.

An influx of cheaper US and European barrels drives up competition in the world's biggest importing region.

The program aims to help develop CCUS projects in the province by providing major industries with up to 12 percent of new eligible project costs.

The technical teams of the three companies will jointly work to identify potential suitable locations for CCS in the surroundings of the Bahía Blanca port industrial conglomerate.

The company has won an EPCI contract from Shell for the Manatee project and a decommissioning contract from Santos for the Campbell platform.

The Organization of Petroleum Exporting Countries and its partners needs to finalize output policy for 2024.

Oil snapped a three-session losing streak as OPEC+ members continued negotiations over output levels and a Federal Reserve official signaled the central bank's rate-hiking campaign may be complete.

Baytex has entered into a definitive agreement to sell certain of its Viking assets located at Forgan and Plato in southwest Saskatchewan, for $113.23 million (CAD 153.8 million).

The projects aim to improve the reliability of the power grid through the development of next-generation semiconductor technologies.