Rigzone Industry News

EIB has agreed to provide a $185 million guarantee enabling LBBW to free up capital and channel $370.5 million in new financing for clean power projects in Germany.

The funding will support 11 new research centers led by DOE National Laboratories and 18 university research teams addressing one or more of the Energy Earthshots initiatives.

The company's syndicated facility was also increased from $150.9 million (CAD 205.0 million) to $158.26 million (CAD 215.0 million).

The acquisition, which was unanimously recommended by Egdon's board in May, will add to Heyco's expanding portfolio.

Blackline Safety has been awarded a contract to provide safety solutions for the workforce of a leading North American energy company.

Russia plans to reduce diesel exports from its key western ports to almost nothing next month.

Oil posted its largest quarterly rally since the initial jolt from the war in Ukraine as lower Russian fuel exports threaten to further tighten a market wrestling with OPEC+ production cuts.

The company's board intends to 'undertake a comprehensive review to identify and consider a broad range of alternatives to enhance shareholder value'.

Crestwood has put to a shareholder vote an offer to raise the redemption price for preferred units under a pending merger with Energy Transfer.

Milestone Carbon has put forward a plan to develop a CO2 sequestration hub in the southwestern Midland Basin.