Rigzone Industry News

The European Commission has issued fresh warnings to five member states over their purported shortcomings in adopting EU directives on renewable energy and the power market.

Mexico's state-owned Pemex posted a profit of $274 million for Q1.

Repsol signed a deal with PDVSA that adds two fields to its operations, which in the next few months are expected to produce 20,000 bpd.

Afentra PLC has received approval from the Angolan government for the acquisition of a 12 percent non-operating interest in Block 3/05 and a 16 percent non-operating interest in Block 3/05A.

Oil rose this week amid signs of a tightening physical market while traders continue to assess lingering Middle East risks.

The acquisition provides Sintana with 'an attractive entry into a high impact license with significant upside'.

The year-over-year increase is due not only to the Advance Energy acquisition that closed in April 2023 but also to increased production from new wells.

The grants are the first phase of formula grant funding for Kentucky, Mississippi, and Missouri to clean up legacy pollution.

A new regulation will force coal plants to capture nearly all of their CO2 emissions - or close - by 2039, with similar pollution cuts for many of the new gas-fired plants built to replace them.

EnergyX brought former Chevron veteran Allen Satterwhite to its executive team.