Rigzone Industry News

Finland has activated an alert level over the country's gas supply prompted by the months-long shutdown of the Balticconnector pipeline.

Daqo posted a net loss of $6.3 million for the third quarter.

Equinor and RWE signed a five-year agreement for the supply of Norwegian gas to Germany at up to 52.97 billion cubic feet a year.

Canadian Solar is building a solar PV cell manufacturing plant with an annual output of five gW.

Enterprise Products Partners has begun four new capital projects to support production growth in the Permian Basin, including two include two natural gas processing plants and the Bahia NGL pipeline.

Whitecap Resources Inc. has reported a net income of $110 million (CAD 152.7 million) for the third quarter compared to $233.76 million (CAD 324.5 million) in the prior-year period.

The acquisition will expand Pine Cliff's core operations into the Caroline area of Western-Central Alberta, adding production of approximately 5,300 barrels of oil equivalent per day.

Saudi Arabia's economy suffered its biggest contraction since 2020 during the third quarter.

Oil plunged to the lowest in two months amid signs that the Israel-Hamas conflict will remain contained, bringing angst about interest rates and a slowing global economy back to the fore.

The Calgary-based company's revenue increased 4.1 percent to $322.97 million (CAD 446.7 million) year over year.