Rigzone Industry News

Suncor shares rose to an almost 16-year high after the oil-sands producer accelerated plans to ramp up share buybacks.

Galp shares jumped 21 percent after the company said in April that a well test 'potentially' indicated Mopane could be an important commercial find in Namibia.

Oil fell, hovering near three-month lows, as key market measures flashed signs of weakness. Still, futures have remained rangebound as traders await the next catalyst.

Phillips 66 signed an agreement to acquire Pinnacle Midland Parent for $550 million in cash as part of efforts to expand its midstream operations in the Permian basin.

According to TIPRO's analysis, direct Texas upstream employment for April totaled 193,300.

The proven and probable reserves in the Belinda field are estimated at about 5 million barrels of oil equivalent

The CO2 emissions in the cement and lime industry within the Peak Cluster will be captured and permanently stored in Spirit Energy's MNZ carbon store each year from 2030.

The Laconian Gulf, about 110 miles southwest of Athens, has become a vital logistics area for the trade in Russian fuel and crude.

The transaction is conditional on requisite shareholder approval and approval from various regulators.

CalPERS executives wrote a letter to its members explaining the position.