Rigzone Industry News

The heads of terms agreement deal with key terms and conditions for the economic, regulatory, and governance model for the transportation and storage of carbon dioxide at HyNet North West.

John Hess, who has been chief executive officer of Hess since 1995, is expected to take a seat on the Chevron board following the completion of the deal.

Oil plunged the most in more than two weeks amid signs Israel is rethinking the scope of a potential invasion of Gaza, at least temporarily containing the conflict in the Middle East.

The acquisition includes approximately 800 barrels per day (bpd) of conventional heavy oil sales production, along with 215 net sections of land on the Southern Clearwater play.

The program seeks to expand access to cost-saving clean energy projects in underserved communities through a tax incentive for solar and wind projects.

'With abundant gas resources, Africa is looking at all opportunities to develop gas for domestic and export markets'.

Chevron Corp. agreed to buy Hess Corp. for $53 billion.

BP shipped the first LNG cargo from a new train of the Tangguh LNG facility in Indonesia.

The North Sea field has come onstream ahead of schedule.

Gazprom signed a deal with CNPC for the supply of Russian gas to China for the rest of the year via the Power of Siberia pipeline.