Rigzone Industry News

The planned biorefinery would have a throughput capacity of about 400,000 tons.

TotalEnergies has responded to the call from Libya's National Oil Corporation to provide support to the flood-hit country.

Demand may rise to 110 million barrels per day by 2030, compared to a projection of around 125 million barrels a day that Aramco expected by then back in 2010, he said.

'It is now less than $5 per barrel away from that level and only noise is needed to bring it above'.

Berry expects the new asset to add 2,400 boepd to its production in 2024.

Dynagas reported a 29.7 percent year-on-year rise in net income.

Valero has now approved up to $5 billion in share buyback this year.

'It will combine the capabilities of both companies to create a geophysical powerhouse'.

Both CEOs see a transition in which oil continues to play a major role for decades to come.

Brent oil closed near a 10-month high, extending a rally driven by supply curbs from OPEC+ leaders.