Rigzone Industry News

Essar has secured $150 million in financing from German and Israeli banks.

The OPEC Fund has approved a $500,000 aid grant to support relief and recovery efforts in Libya in the aftermath of Storm Daniel.

SLB launched what it said is a next-generation methane point instrument, a first-of-its-kind 'plug-and-play' solution.

Shell's chief executive will meet with employees to discuss his clean energy strategy amid internal anxiety over the decision to put a greater share of investment into fossil fuels.

The acquisition adds 61,000 barrels per day of net bitumen production capacity and 675 million barrels of proved and probable reserves.

The stake was sold for total cash proceeds of $3.9 billion (CAD 5.3 billion).

The fields of southern Indiana are an unlikely proving ground for BP Plc's $4.1 billion bet on renewable natural gas.

Oil plunged the most in more than a year as early signals that demand is flagging exacerbated markets' unease over the prospect of a punishing stretch of high interest rates.

If the project proceeds, its first phase is targeted to produce more than 1.1 million mtpa of low-carbon ammonia by the end of 2027.

The project can 'power more than 600,000 homes and generate $12 billion in economic activity state-wide'.