The latest oil and gas news from around the world.
Updated: 22 min ago
Oceaneering Bags Contracts Worth $200 Million
Oceaneering's manufactured products segment won multiple contracts during the fourth quarter of 2023.
Canacol Plans Lower Capex in 2024
Canacol plans to spend $138 million to $151 million in capital for this year.
Big Oil Investor Payout at Record $114B Last Year
Management teams reined in spending on new projects to free up cash for dividends and buybacks.
DNO to Acquire 25 Percent Stake in Arran Field for $70MM
The transaction is expected to add around four million barrels of oil equivalent net to DNO, consisting of 90 percent gas.
Vital Closes Second Acquisition in Permian
The acquisition increases Vital Energy's working interest in 54 producing, low-decline wells by an average of 67 percent.
Equinor to Pay $14B to Investors Even as Profit Drops
Equinor said it will pay out $14 billion in share buybacks and dividends this year.
Oil Swings Higher Amid Mixed Data Signals
Oil edged higher in a choppy session as traders weighed a mixed US inventory report, with algorithms exacerbating price swings.
Louisiana Grants $100MM Bonds for Chevron Biodiesel Plant Expansion
Governor Jeff Landry announced the allocation at the Louisiana Mid-Continent Oil and Gas Association's annual conference, where the state's Republican leader also declared support for the oil and gas industry.
Primoris Bags $1.1B New Contracts
'These awards span across three states and will help to meet the energy needs of thousands of homes in the communities we serve'.
ChampionX Posts Higher Annual Profit
ChampionX saw a 103 percent rise in annual net profit to $314.2 million.
Will USA Oil, Gas Jobs be Affected by a Drop in Shale Growth in 2024?
Rigzone speaks to the President of OneSource Professional Search and the founder of the Kaye/Bassman Energy Practice.
TotalEnergies Boosts Investor Return Despite 31 Percent Profit Drop
TotalEnergies SE raised its dividend and continued share buybacks.
Vital Closes Second Acquisition in Permian
The acquisition increases Vital Energy's working interest in 54 producing, low-decline wells by an average of 67 percent.
ExxonMobil Doubles Earnings Capacity
ExxonMobil has now doubled its earnings capacity vs a 2019 baseline, analysts noted in a BofA Global Research report sent to Rigzone.
Dryad Says Red Sea Threat Has Significantly Escalated
'The targeting of commercial vessels to disrupt global trade routes is proving to be a significantly evolving threat'.
Venture Global, Grain LNG Ink Storage, Regasification Deal
Venture Global will have the ability to access three million mtpa of LNG storage and regasification capacity at the Isle of Grain LNG receiving terminal in the UK.
TotalEnergies Pays $199MM for Stake in JV Owning Drillship
The joint venture will contract Vantage Drilling International to operate the drillship for 10 years.
Secure Closes $850MM Sale of Oilfield Waste Facilities
Secure Energy Services Inc. has closed the sale of the facilities formerly owned by Tervita Corporation to Waste Connections, Inc., in a transaction mandated by Canada's Competition Tribunal.
Predator Inks Extension for Rig in Morocco
The extension will facilitate the drilling of the MOU-5 well to evaluate the 68-square-mile (177-square-kilometer) Jurassic structural closure in a crestal location.
Brookfield Renewable Expects Corporate Clean Power Demand to Drive Profit
'We have signed contracts to provide over 60 terawatt hours of power over the past 2 years to these large technology companies, an amount we expect to increase dramatically in the coming years'.
