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Rigzone Recent News

1. South Africa Expects to Raise $2.4B from Energy Transition Pact This Year

   South Africa's National Treasury said it expects as much as $2.4 billion to flow into the country this year from a climate finance pact with some of the world's richest nations.

2. Build Contracts Awarded for UAE Gas Pipeline Expansion

   ADNOC Gas awarded $550 million EPC contracts for a project expanding its natural gas sales pipeline network in the UAE.

3. UK Oil Refinery Stanlow Plans to Sell More Fuel When Rival Shuts

   The Stanlow oil refinery in northern England is getting ready to sell more fuel.

4. Oil Slips on Signs of Muted Demand

   Oil edged lower as traders assessed signs of muted demand in the US and China, while equities rose as the market digested the attack on Donald Trump and looked ahead to earnings.

5. Marathon Oil Agrees to $241.5MM Pollution Settlement

   The settlement includes the highest ever civil penalty issued for breaches under the Clean Air Act involving stationary sources of emissions.

6. New Pipeline Launches Providing Gas to Corpus Christi Liquefaction

   The ADCC pipeline is an approximately 43-mile, 42-inch intrastate pipeline designed to transport up to 1.7 billion cubic feet per day.

7. North America Adds Rigs for 8th Consecutive Week

   North America added 13 rigs week on week, according to Baker Hughes' latest rotary rig count.

8. Sam Altman-Backed Startup Scaling Technology to Store CO2 in Rocks

   44.01, a startup backed by Sam Altman's Apollo Projects, is developing technology that injects CO2 a kilometer underground, where chemical reactions turn it into stone.

9. AG&P Teams Up with Singapore Firm to Bring LNG into China

   Cargo delivery is expected at the end of August.

10. ADNOC Deploys AI Well Control Solution

    RoboWell uses cloud-based AI algorithms to autonomously operate wells that self-adjust according to changing conditions.