Rigzone Industry News

Oil dropped after struggling for direction in a low-volume session as OPEC+ tries to resolve a disagreement over output quotas that forced the group to postpone a pivotal meeting.

The AssurEOR STIM enhanced oil recovery (EOR) technology of Locus Bio-Energy has received ISO-14064 certification from SGS SA.

Saudi Arabia Energy Minister Abdulaziz bin Salman bin Abdulaziz announced that Saudi Aramco has discovered two natural gas fields in the Empty Quarter, a statement posted on Saudi Arabia's Ministry of Energy website noted.

South Africa reached the deepest level of nationwide power cuts in months.

'Bearish price action has been driven by macro concerns and large global supply growth while bullish moves are being driven by expectations for further OPEC+ cuts and positioning'.

Enel has set $39.05 billion in capex for the next three years with 'selective investment' in renewable energy generation.

'The projected scale and quality of these reserves give them the potential to generate huge cash flows'.

NG Energy began producing gas from another well on the Maria Conchita block.

Petrobras will spend $4 million in the acquisition of robots capable of running autonomous visual inspections.

Equinor spent $8.6 billion in 2022 on exploration and the operation and modification of its fields.