Rigzone Industry News

LNG cargoes from the U.S. are poised to shift to Asian ports as prices fall in Europe, according to Rystad Energy.

The deals combine for 3.6 mtpa of LNG to be exported to customers in Asia and the USA.

Callon Permian has been fined roughly $1.3 million for excess emissions at the company's facilities in the West Texas Permian Basin.

The Avington field will restart with a workover of Avington-3z, the field's top-performing well.

Ithaca Energy is acquiring the remaining 40-percent stake in the Fotla Discover.

ConocoPhillips has awarded a contract to Transocean Equinox for two wells in Australia's Otway basin toward the start of drilling 2025.

The project is planned to meet about 10 percent of the local demand for oil products.

Germany has awarded rights to build offshore wind electricity plants toward a target of 30 gigawatts by 2030, raising over $14 billion.

'Renewables installation must grow, but the realistic question is where to build.'

Global benchmark Brent settled at an 11-week high as supply outages tightened the physical market.