Shelf Drilling Bags 2 Contracts for Rigs in Nigeria
Dubai's Shelf Drilling, Ltd. has secured new contracts.
Iberdrola to Double Investment in UK to $31B
'This is a vote of confidence in the UK's clear and stable policies and is a major boost to the economy and the path towards green energy security and Net Zero'.
Petrobras to Build $16MM Renewable Hydrogen Plant
The test plant is expected to start operating in the first quarter of 2026, Petrobras said.
Current Renewables Growth to Fall Short of 2030 Target: Report
The report said that annual investment in renewable capacity needs to triple from $570 billion in 2023 to $1.5 trillion every year from 2024 to 2030 in order to keep the goal of 1.5°C attainable.
USA Expands Sanctions on Iran Oil Sector Over Israel Attack
The U.S. broadened the scope of its sanctions on Iran's oil and gas sectors in response to a ballistic-missile attack on Israel.
Brent Crude Oil Futures Are In Correction Mode
Brent crude futures are in correction mode, according to Rystad Energy.
North America Cuts Rigs Week on Week
North America dropped three rigs week on week, according to Baker Hughes' latest rotary rig count.
TotalEnergies Contracts Fourth LNG Refueling Ship
TotalEnergies plans to deploy the new ship in Oman, where it has an LNG project with a planned capacity of 1 MMtpa.
Sasol Receives First Power under Procurement Plan for Hydrogen Production
The 69-MW Msenge has become the first operational RE project contracted by Sasol under its power procurement plan for green hydrogen production.
UK Gas Production Falling Faster Than Expected, Warns Lobby
The decline is leading to greater reliance on imports, according to an industry group seeking government relief to spur investment.
INEOS Boosts Gas Flows from Breagh Field with Electric Compressor
INEOS expects the compressor project to help secure UK gas supplies for years to come.
Chennai Petroleum in Talks to Raise $3.3B for Refinery
The funds will help build a proposed 9 million ton a year oil processing plant in the southern state of Tamil Nadu.
Canada Green Taxonomy Unlikely to Include New Natural Gas Projects
Canada has provided more clarity on what it considers to be 'green' investments.
2 Dead After Chemical Leak at Pemex Houston Area Refinery
Two people are dead and 35 are injured after a chemical release.
Oil Eases After Choppy Trading Amid Israel-Iran Tensions
Oil prices dipped as traders booked profits, driven by uncertainty around Israel's potential retaliation against Iran and the anticipation of economic stimulus in China.
USA EIA Reveals Latest Brent Oil Price Forecast for 2024 and 2025
The U.S. Energy Information Administration has revealed its latest Brent oil price forecast for this year and next year.
BP Sees Net Debt Rising in 3Q Amid Weak Refining
BP Plc expects its net debt to have risen in the third quarter.
ExxonMobil Extends Exploration Offshore Greece by over Three Years
Greece's hydrocarbon licensing authority said the exploration drive that the country is seeing 'verifies our estimates that the Greek subsurface could potentially hold significant natural gas deposits'.
Natural Gas Prices Digesting Damage from Hurricane Milton
'This hurricane compounded the losses already felt from Hurricane Helene and power restoration will obviously be a priority', ex-IPAA Chief Economist Frederick J. Lawrence told Rigzone.
Eni's Plenitude Starts Up Wind Farms in Spain
The project has three Vestas V136 wind turbines with an installed capacity of about 13 megawatts (MW).
