Rigzone Industry News

Equinor declared a fourth discovery on the Norwegian side of the North Sea this year, in a gas well on the Gina Krog oil and gas field.

Adnoc has offered to buy most of the 38.3 percent stake in Braskem held by Novonor.

The company's total oil sands bitumen production increased in the quarter to 787 thousand barrels per day (Mbpd) from the prior-year quarter figure of 764.1 Mbpd.

Oxy Oman and OQGN will jointly study potential carbon capture, utilization, and sequestration (CCUS) projects in Oman.

Oil inched up as technical gauges signaled that crude's plunge to a three-month low on Wednesday was overdone.

Hedge fund manager Pierre Andurand says better than expected oil supplies have been the trigger for crude's recent retreat.

'We expect China's oil product demand growth will slow to 516,000 barrels per day in 2024'.

Macquarie strategists are forecasting that U.S. crude inventories will be up for the week ending November 3.

NextEra Energy Partners is selling STX Midstream for $1.82 billion.

The full ramp up of Africa's largest oil refinery is still a long way off.