Rigzone Industry News

Prospects for a 4+ trillion cubic foot end of October U.S. gas inventory level have faded, according to a new BofA Global Research report.

'The industry needs a complete reset'.

The OPEC Fund has committed $10 million to Egypt for the import of vital food and agricultural commodities.

Chevron Australia and its striking workers have accepted the recommendation for employment conditions made by Australia's Fair Work Commission.

Russia temporarily banned exports of diesel in a bid to stabilize domestic supplies.

Oil steadied as a broad, risk-off sentiment eroded gains driven by Russia's ban on gasoline and diesel exports, further tightening an already stressed global fuel market.

'Switching to the updated energy codes would equate to almost 2 billion metric tons of CO2 emissions reduction'.

TotalEnergies has committed $300 million in equity investment to form an Indian JV with Adani targeting a renewables portfolio of 1,050 MW in capacity.

The offshore project is planned to store up to 250 million metric tons of CO2.

'The presence of good quality sandstone reservoir, which was the main pre-drill risk, and the presence of gas is encouraging'.