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Rigzone Recent News

1. North America to Dominate Renewable Refinery Capacity Additions

   North America will dominate global renewable refinery capacity additions through 2027, according to GlobalData.

2. What Impact Will Energy Transition Have on Oil Price?

   Executives from 138 oil and gas firms offer their opinion as part of the latest Dallas Fed Energy Survey.

3. Adnoc Doubles Target Carbon Capture Capacity to 10 MMtpa by 2030

   Adnoc is doubling its carbon capture target as it works toward a net-zero goal and looks to burnish its green credentials before COP28.

4. Equinor Set to Start Up Norway's Breidablikk Field This Month

   Norway's regulator has greenlighted the start of production in the Breidablikk field.

5. Five New Wells Add 17.66 MMcfpd to Ukraine Gas Supply

   Naftogaz started production at five new wells.

6. Gazprom: Over 1,800 MW of Gas Compressor Capacity Added in 2022-23

   Gazprom built some 1,865 miles of linear parts of gas trunklines and gas pipeline branches, over 80 gas compressor units with an aggregate capacity of 1,800 MW and over 130 gas distribution stations in 2022-23.

7. EIB Commits Guarantee for German Clean Power Projects

   EIB has agreed to provide a $185 million guarantee enabling LBBW to free up capital and channel $370.5 million in new financing for clean power projects in Germany.

8. DOE Targets Key Energy Challenges with $264MM Funding

   The funding will support 11 new research centers led by DOE National Laboratories and 18 university research teams addressing one or more of the Energy Earthshots initiatives.

9. Calfrac Extends Credit Facilities by Two Years

   The company's syndicated facility was also increased from $150.9 million (CAD 205.0 million) to $158.26 million (CAD 215.0 million).

10. Heyco Closes Acquisition of UK's Egdon Resources for $32.4MM

    The acquisition, which was unanimously recommended by Egdon's board in May, will add to Heyco's expanding portfolio.