Rigzone Industry News

'Projects that were uneconomical to do at lower prices are now quite economical to do at higher prices'.

The IEA is leading calls for countries gathering at COP28 to adopt a goal to triple the global renewable electricity capacity by 2030.

BMI, a Fitch Solutions company, has raised its Brent oil price forecasts out to 2027.

Saudi Arabia and Russia said they will stick with oil supply curbs of more than 1 million barrels a day to the end of the year.

'Further price gains could prove to be a mixed blessing for the group'.

Aker has signed Multiconsult to a civil engineering contract for the electrification of the Yggdrasil area oil and gas project and expects to start construction for the power project this month.

Preliminary estimates indicate a total structure volume of five Tcf.

Four companies have put forward two bids for acreage in the North Sea to store CO2.

Eni's plan to set up plants to source approximately 700,000 tons of biofuel feedstock from Africa by 2026 will cost as much as $735 million.

The North Field expansion project will increase Qatar's liquefied natural gas (LNG) production capacity from 77 million tons per annum (mtpa) to 126 mtpa by 2026.