Rigzone Industry News

Saipem logged an adjusted net income of $61 million.

Fire damage to Pemex's refineries has hampered its plan to keep crude supplies to produce fuels domestically.

Eni SpA increased its planned share buyback this year to $1.7 billion due to stronger cash flow.

Oil fluctuated as traders weighed a larger-than-anticipated drop in US crude stockpiles against broader risk-off sentiment.

The European Commission launched a public-private alliance to increase investment in energy efficiency projects.

The Texas Railroad Commission revealed that the state set records for both oil and gas production in 2023.

KBR will provide the technology license, proprietary engineering design, and front end engineering design (FEED) support engineering services for the Holmaneset green ammonia plant.

The initial term of the agreement is nine years starting in the first half of 2026 for a total of 131.4 petajoules.

HyFuels is 'ideally situated to serve the petrochemical industry, ensuring Texas remains the global leader in this essential industry'.

Africa's most industrialized nation has long relied on fuel from abroad, but demand has grown in recent years as a string of refineries suspended output.