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Rigzone Recent News

The latest oil and gas news from around the world.
  1. Energy Secretary Chris Wright sought to reassure U.S. oil companies during a visit to Oklahoma.
  2. Valero reported a loss attributable to shareholders of $595 million, or $1.9 per share, impacted by $1.13 billion in pre-tax impairments.
  3. 'AccuWeather is forecasting seven to nine million acres to burn across the country this year, which is more than the historical average', AccuWeather Lead Long-Range Expert Paul Pastelok said.
  4. Saipem reported about $87.45 million in net income for Q1, up 35.1 percent from the same three-month period a year ago on the back of improvements in its engineering and construction segments.
  5. BP and Eni confirmed the preliminary results of the Capricornus 1-X exploration well in Namibia's Orange Basin.
  6. Eni and the UK government have reached financial close on the Liverpool Bay CCS project, with startup planned for 2028.
  7. Exxon Mobil signed a deal with Calpine to transport and permanently store up to 2 million metric tons per annum of CO2 from Calpine's Baytown Energy Center.
  8. Russia's oil producers have been drilling at a pace not seen in at least five years as the nation readies for both a loosening of OPEC+ output limits and the possibility of relief from some war sanctions.
  9. At this week's flagship international summit on energy security, the clashing visions of the US and its allies were on full display.
  10. Tight supplies and bullish market signals supported gains in both WTI and Brent.
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