Rigzone Industry News

Upon the closing of the transaction, Orlen's natural gas production in Norway will increase to over 141.26 billion cubic feet (4 billion cubic meters) annually.

A network of around 770 BP-branded retail sites will be rebranded under Petrol Ofisi.

Shell paid net corporate taxes in the UK for the first time in at least four years after the government introduced an oil and gas windfall levy.

Oil extended gains as traders boosted bets that the OPEC+ alliance will intervene in the market to bolster prices.

The acquisition increases WhiteHawk's mineral and royalty ownership in its existing 475,000 gross acre position by 100 percent.

US authorities sanctioned three shipping companies headquartered in the UAE accusing them of carrying Russian oil priced above a cap by Washington and its allies.

Ukraine's air defense said it shot down 15 of 20 Shaheed drones.

World oil demand continues to exceed expectations, the International Energy Agency stated in its latest oil market report.

'The government has raised the maximum price offshore wind and other renewables projects can receive in the next Contracts for Difference auction to ensure it is performing effectively'.

'This first production of unconventional tight gas from South Ghawar is a milestone that demonstrates real progress on our gas expansion strategy'.