Rigzone Industry News

A Brazilian judge has reinstated Petrobras' chairman as acrimony intensifies between government-appointed board members and those representing minority shareholders.

Seatrium and Shell will work together to drive project standardization and replication in the floating production systems sector.

The bank loan will help Thüringer Energie upgrade and digitize Thuringia's electricity grid.

The U.S. plans to allow a Treasury Department license permitting oil and gas production to expire without renewal on Thursday, according to people familiar with the plan.

Oil fell more than 3% to a three-week low as trend-following algorithms accelerated the day's selloff.

The transaction will result in Equinor no longer having operated assets in the U.S. onshore.

'By leveraging the electrification and digitalization of completions from SLB, Petrobras will increase its field recovery efficiency in complex and challenging pre-salt reservoirs'.

The Cimarron wind project will total approximately 320 megawatts of wind capacity.

GLBP has filed applications with regulators seeking authorization to site, construct and operate the proposed facility at Shoal Point in Texas City, Texas.

'Under the new rule, BOEM estimates industry will be required to provide $6.9 billion in new financial assurances to protect American taxpayers from assuming industry decommissioning costs'.