Rigzone Industry News

The Czech Republic received European Commission clearance to provide $3.5 billion in state aid for heat and electricity co-generation projects with high efficiency.

The upward adjustment was driven by higher growth estimates for field development and exploration.

Azerbaijan is working on a proposal to place a levy on oil, gas and coal production in order to fund climate action in developing countries.

The EU's renewable energy financing mechanism awarded $30.1 million to seven solar power projects in Finland.

Exxon Mobil Corp. pledged to be a 'forceful advocate' for shareholder rights.

Oil sank despite US data showing the biggest drop in the nation's stockpiles in five weeks, with traders awaiting Sunday's OPEC+ meeting for more guidance on supply.

'A substantial portion of the acquired lands at Peavine are adjacent to and extends our Clearwater Dawson field, which is providing robust production results above our expectations'.

The U.S. government issued guidelines that encourage participants in the emission offset market to ensure accuracy, transparency and traceability.

The appointment is effective on July 1.

Top Republicans are warning the Biden administration against tapping into the nation's strategic oil reserve to bring down gasoline prices.