Rigzone Industry News

The biggest green energy company in the UAE is targeting deals in Europe and the US to more than double gross generating capacity by 2030.

The Bozhong 19-6 Gas Field project is expected to achieve peak production of approximately 37,000 barrels of oil equivalent per day (boepd) in 2024.

Strathcona's total oil production rose to 119,527 barrels per day (bpd) compared to prior-year production of 96,258 bpd.

Australia's Karoon Energy is acquiring a 30 percent interest in the Gulf of Mexico's Who Dat and Dome Patrol fields and associated infrastructure.

Nigeria is withdrawing civil claims totaling $1.1 billion against energy giant Eni SpA.

Oil plummeted to the lowest since July as trend-following trades accelerated losses that were kicked off by swelling inventories and the failure of key technical support levels.

The 16 projects were selected for negotiation to support the development of new and expanded large-scale, commercial carbon storage projects.

U.S. commercial crude oil inventories, excluding those in the SPR, increased recently, according to the EIA.

TotalEnergies signed a deal to acquire three gas-fueled power plants in Texas for $635 million.

'This transaction forms part of PIF's broader efforts to deepen the manufacturing sector in Saudi Arabia'.