Tag Archives: Rigzone

Abu Dhabi’s main energy company will sell a 15% stake in its logistics and shipping unit in an initial public offering, kicking off the second listing of one of its businesses this year. Abu Dhabi National Oil Co. will offer about 1.11 billion shares in Adnoc Logistics & Services, it …

The USA pipeline safety agency has filed a draft regulation aimed at strengthening industry measures to curb methane emissions and prevent hazards to people and the environment from the country’s nearly three million miles of gas pipelines. The proposal by the Department of Transportation’s (DOT) Pipeline and Hazardous Materials Safety …

Italy’s newest and fourth regasification facility has received its first liquefied natural gas (LNG), paving the way for the startup of a project supplier Eni SPA said can serve about seven percent of domestic demand. The supply came from Egypt, among several countries in Africa where state-controlled Eni has strengthened …

An ExxonMobil spokesperson has confirmed to Rigzone that the company has exercised its right to withdraw from its joint operating agreement with Patriot Energy for Block VMM37 in Colombia. “We notified the Agencia Nacional de Hidrocarbons of our intent to withdraw from the E&P contract for VMM37, and to discuss …

Europe has negotiated through the winter of a crisis that threatened to choke energy supplies and overwhelm its economy, but officials are warning that the squeeze may not yet be over. Fears of blackouts and freezing homes have faded for now, and gas reserves remain far fuller than normal. The …

Denmark is salvaging an unidentified object found next to a Russian gas pipeline damaged in a blast last September, as investigators continue to seek who was behind the attack. The operation comes two weeks after German authorities said they searched a vessel that may have transported explosives used in the …

Spain, the biggest European buyer of liquefied natural gas from Russia, is urging importers not to sign new contracts with Moscow as it seeks to crimp revenues for the Kremlin’s war machine. LNG importers in Spain received a letter from the government asking companies not to sign up to new …

Oil finished a tumultuous session higher with record US exports slowing inventory builds, igniting crude market bulls even as persistent fears of higher interest rates dragged Wall Street lower. West Texas Intermediate settled at its highest in nine sessions, with the Energy Information Administration reporting that exports jumped 23%, slowing …

The European Parliament (EP) announced recently that it has approved new CO2 emissions reduction targets for new passenger cars and light commercial vehicles. Members of European Parliament endorsed a deal reached with the European Council back in October 2022 with 340 votes in favor, 279 against and 21 abstentions, the …

Italian oil and gas major Eni and Algeria’s Sonatrach have signed strategic agreements to accelerate emissions reduction and strengthen energy security. Eni said that, through the agreements, the two companies would identify opportunities for the reduction of greenhouse gas and methane gas emissions. They will also define energy efficiency initiatives, …