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Rigzone Recent News

1. USA Crude Oil Stocks Jump More Than 7MM Barrels WoW

   Crude oil stocks in the U.S., not including the SPR, stood at 460.9 million barrels on April 26, the EIA revealed.

2. Seven Projects in Four EU States Get $771.6MM in Hydrogen Subsidy

   Seven projects across Finland, Norway, Portugal and Spain are set to receive a total of $771.6 million in the inaugural award of the European Hydrogen Bank.

3. France Increases State Funding for Advanced Nuclear R&D Project

   France received clearance from the European Commission to provide EDF a further $321.6 million for the front-end design phase of a project to develop small modular nuclear reactors.

4. Pushback against Chinese Green Tech Risks Stalling Transition: China Envoy

   'We need to maintain low costs, otherwise nobody is going to be able to afford the energy transition'.

5. EU, Saudi Eye Pact on Energy Transition

   Saudi Arabia and the European Commission are planning cooperation on renewable power, clean energy technology and carbon capture.

6. EIB Bankrolls Two Renewable Energy Projects in Helsinki

   The EIB will provide a $160.7 million loan to Helen for two new renewable energy projects to transform Helsinki's district heating system.

7. Total Talks Up New York Listing

   TotalEnergies SE is increasingly making noise about moving its stock listing to New York.

8. Oil Slumps Below $80 Amid Surging US Stockpiles

   Oil extended its recent skid as US crude inventories swelled to the highest since June the Federal Reserve signaled fresh concerns about inflation.

9. Chevron Secures Deal Raising Its Operated Stakes in Namibia

   Chevron and the partners in PEL82 signed an agreement transferring operatorship of the Namibian offshore lease to the U.S. oil giant.

10. GlobalData Flags Aramco AI Dominance

    Saudi Aramco's artificial intelligence innovation dominance places the company ahead of the curve, according to GlobalData.