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Rigzone Recent News

The latest oil and gas news from around the world.
  1. The US Federal Trade Commission declined to challenge Exxon Mobil Corp.'s $60 billion purchase of Pioneer Natural Resources Co.
  2. Oil settled little changed after swinging in a narrow range throughout the session, with a buildup in US stockpiles and a potential cease-fire in the Middle East suppressing a rebound from yesterday's sharp losses.
  3. The lab will focus on converting biomass to fuels with lower greenhouse gas emissions, as well as on carbon capture and utilization using by-product industrial brines.
  4. NOG's first-quarter production was 119,436 barrels of oil equivalent per day (boepd), an increase of 37 percent from the first quarter of 2023.
  5. 'This final rulemaking is the opposite of what is needed to create a durable and predictable permitting review process to unleash energy investment in America,' the API said.
  6. 'Norway is at the forefront of efforts to promote commercial CO2 storage'.
  7. OPEC+ is expected to prolong oil output cuts into the second half of the year.
  8. 'We see Far West Texas power demand more than doubling by 2040 due to electrification trends and cryptocurrency mining growth,' EIR warned.
  9. The two contracts will generate revenue of over $192 million.
  10. The government is expecting the completion and commercial operation of 1,984.775 MW of solar projects, with 966.294 MW expected to come online by June.
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