Industry News

'The option to offer the K-BOS system to our clients will increase the capability and attractiveness of our drilling units to our discerning clients operating in ultra-deepwater and harsh environments'.

The buyer of the assets and the financial details were not disclosed by the company.

Tensions are persisting in the Middle East, Aditya Saraswat, Rystad Energy's Middle East research director, warned.

'Even in case of a full Russian pipeline supply disruption, cooperation between the countries and demand measures could allow for a more efficient injection during the summer 2025 in preparation for the next winter'.

Chevron's backing will allow Terviva to grow more pongamia as a biofuel feedstock.

Oil refining fell to a three-month low of 58.73 million tons as more units were shuttered for seasonal maintenance.

Oman's state energy company raised $2 billion from the initial public offering of its exploration and production business.

Crude Futures rose slightly after a steep drop in US crude stockpiles; Meanwhile, Middle East tensions and weak stimulus from China left traders cautious.

Chief executive Mark Lashier cited uncertainty from 'market dynamics'.

'This transaction brings together two of the storied names in our industry'.

Nigerian police said the death toll from an explosion involving a gasoline tanker in the country's north has now increased to 153.

Initially targeted for 2025, production for FPSO Maria Quitéria started ahead of schedule.

The EIA reduced its U.S. crude oil production forecast for this year and next year in its latest short term energy outlook.

The AI-powered solution can accurately predict potential failures of Electrical Submersible Pumps (ESP), allowing oil and gas companies to address issues before they occur, reducing production downtime.

'Santos expects to inject approximately 250,000 tonnes (gross) of CO2 in 2024, with the project already at full injection rates'.

Rigzone talks to Stephen Schork, the Principal and Editor of the Schork Group, and Jim Krane, a Research Fellow at Rice University's Baker Institute, about the U.S. natural gas price.

CNOOC has expanded its footprint in the Santos basin.

Peru's government can't find board members to lead its beleaguered state-owned oil company more than five weeks after its last board resigned.