Rigzone Industry News

The EIA increased its Brent and West Texas Intermediate spot average price forecasts for both 2023 and 2024.

BP revealed this week that its Chief Financial Officer, Murray Auchincloss, will act as the company's CEO on an interim basis.

TotalEnergies is launching development studies for Block 58.

Sempra retains a controlling 28 percent indirect interest in Phase 1 while ConocoPhillips owns the remaining 30 percent.

The Baltic Sea projects can power over two million households.

The startup comes ahead of the first oil target of 2024.

TotalEnergies plans to replace the entire 500,000 tons of gray hydrogen used annually in its refineries in France, Belgium, Germany and the Netherlands.

Diesel futures already are trading near the highest level since January in New York.

Oil hovered near its highs of the year as the International Energy Agency added to a drumbeat of forecasts that the market will tip into a significant supply deficit in the second half of this year.

Gigahub, the UK's largest public electric vehicle charging hub has been opened on the NEC Campus in the West Midlands.