Rigzone Industry News

NSTA has decided to scrap the requirement for Cessation of Production (CoP) reports to cut costs and save time for the industry.

OKEA has completed the acquisition of Wintershall Dea's interests in three offshore fields in the Norwegian part of the North Sea.

Ithaca Energy is seeking as much as $357 million in London's second-largest initial public offering of the year.

ADNOC has set a new upstream methane intensity target of 0.15% by 2025, the lowest in the Middle East.

Oil gained on speculation that China is preparing to gradually exit the country's Covid-Zero policy.

ADNOC and GAIL signed an MoU to explore collaboration opportunities in LNG supply and decarbonization, including short- and long-term LNG sales agreements.

SLB and Linde have formed a partnership to collaborate on carbon capture, utilization, and sequestration projects.

BOEM has designated two Wind Energy Areas in the Gulf of Mexico, with the potential to power nearly 3 million homes.

The Group of 20 nations spent $693 billion supporting the fossil fuel industry last year, slowing progress towards global climate goals.

President Joe Biden said he'd seek to impose higher taxes on oil companies that record 'windfall' profits without reinvesting in production.