Rigzone

JULY 15, 2025

Image by Boarding1Now via iStock ORLEN SA has started offering sustainable aviation fuel (SAF) at airports in Warsaw, Krakow and Katowice. Each airport that falls under the regulation must have at least two percent of SAF in their total consumption starting this year.

Sustainable

Oil & Gas 360º

JUNE 25, 2025

Presently, there is no sustained domestic production capable of meeting this demand. energy security risks, as only ~700kgs have been produced domestically since 2023. Hexium is driving the transition to cleaner, safer, and more sustainable energy solutions. Reliance on foreign sources poses U.S.

Supply Chain

McKinsey

JULY 10, 2025

As the world shifts toward a more sustainable future, addressing carbon emissions remains a top priority. “ETS database v51,” European Environment Agency, May 2023. 4 “EU Emissions Trading System (EU ETS), Auctioning of allowances,” European Commission, 2023. ” European Commission, January 2023. 3 Assuming a 4.3

Transportation

Valor

JULY 21, 2025

The increase was driven entirely by natural gas rigs, which rose by nine to 117 (their biggest jump since July 2023), while oil rigs actually fell by two to a low of 422. Read more US drillers add oil/gas rigs for first time in 12 weeks, Baker Hughes says Summary : For the first time in 12 weeks, the U.S.

Energy

Marcellus Shale Coalition

JULY 7, 2025

The sector supports over 120,000 family-sustaining jobs, with average wages approaching $100,000 – more than double the state median. Industry advocates say that, while the number is slightly lower than 2023, it’s yet another reminder of how important the energy sector is to Pennsylvania and its economy.

Gas

Oil Gas Leads

JUNE 11, 2025

private) (N/A – private; high gas focus) (N/A – private) ~7–9 rigs in Oklahoma (2025) (21 wells drilled in 2023) Note: MBOE/d = thousand barrels of oil equivalent per day. For example, in the Cleveland formation (Western Anadarko) , Mewbourne doubled its new well count from 11 wells in 2022 to 21 wells in 2023.

Operator

Rigzone: News

JUNE 16, 2025

and Lummus Technology, provides technology for the production of both renewable and conventional transportation fuels, premium base oils and more sustainable petrochemicals. ISOTERRA was installed in Chevron’s El Segundo Refinery in California in late 2023. It has increased its SAF production capacity to 1.5

Oil

Oil Review Middle East

JULY 31, 2025

The current reforms represent an attempt to carry out a complete reversal of the economic model of the industry, aimed at increasing its investment attractiveness and long-term sustainability. In the field of production, the Anabai, Vostochny Urikhtau and Rozhkovskoye fields were commissioned by the end of 2023.

Gas

Rigzone

JUNE 19, 2025

Petronas is part of the NETR Committee. To contact the author, email jov.onsat@rigzone.com What do you think?

Transportation

Oil & Gas 360º

JULY 31, 2025

The team left corporate energy to build what the industry truly needs, intelligent, scalable, and sustainable technology for modern oilfield operations. News & World Report and Best Lawyers “Best Law Firms” 2023 survey ranked Haynes Boone in National Tier 1 in Oil & Gas Law. London, Mexico City, and Shanghai.

Energy

Oil Gas Leads

JULY 24, 2025

Sustained Free Cash Flow and Shareholder Returns In Q2, CNX delivered $188 million in FCF, bringing its cumulative total to approximately $2.5 The company drilled three deep Utica wells with an average lateral length of 11,100 feet in just 36 days—representing a 46% improvement over 2023. per Mcfe, down from $1.11

Operator

Oilfield Technology

AUGUST 1, 2025

The project, approved in April 2023 with an estimated investment of US12.7 As off-shore developments become increasingly complex and capital-intensive, we are seeing sustained demand for proven technologies that reduce risk and add long-term value.

Field

Rigzone

JULY 3, 2025

The Hydrogen Mechanism is “designed to support the market development of renewable and low-carbon hydrogen and its derivatives (ammonia, methanol, electro-sustainable aviation fuel)”, the Directorate said in an online statement. AggregateEU has been extended, having initially been meant only for the 2023-24 winter.

Mechanic

Oil & Gas 360º

JUNE 24, 2025

(BOE Report) – OTTAWA – A peer review of fossil fuel subsidies between Canada and Argentina — already years behind schedule — stalled after Argentina ceased communication following its 2023 election and subsequent change in government. In 2023, Canada ended federal subsidies specific to the oil and gas sector.

Completion

Offshore Energies UK

JULY 8, 2025

million, a 30% increase on the previous year, with growth in non-project service lines and increased tendering across project divisions, contributing to a record backlog of £299 million, up 86% from 2023. The company also recorded an operating profit of £2.6 “2024 has been a breakthrough year for our business.

Energy

Rigzone

JULY 28, 2025

Enilive, Eni’s company focused on sustainable mobility, will use its proprietary Ecofining technology to produce HVO, a biofuel made from renewable raw materials such as used cooking oil and agrifood waste, according to the release. To contact the author, email rocky.teodoro@rigzone.com WHAT DO YOU THINK?

Refinery

Oil & Gas Journal

AUGUST 1, 2025

That figure, he added, will drop in 2026 as the company’s teams look to merely sustain production. That’s 6 months faster than they had initially estimated when they announced the $53 billion acquisition plan in October 2023. As have many of their peers, Chevron leaders have focused on efficiency gains in recent quarters.

Exploration and Production

Rigzone

JUNE 6, 2025

It had its demonstration March 2023 when it injected CO2 transported from Belgium into the Nini field on Denmark’s side of the North Sea. Earlier this month INEOS Group named and launched what it said was the first Europe-built CO2 carrier for capture and storage. To contact the author, email jov.onsat@rigzone.com What do you think?

Transportation

Rigzone

JULY 23, 2025

Petrobras) has named engineer Angelica Garcia Cobas Laureano as Executive Director of Energy Transition and Sustainability. Petrobras created its Executive Office of Energy Transition and Sustainability in April 2023. Image by Vyacheslav Dumchev via iStock State-owned Petroleo Brasileiro S.A.

Sustainable

Rigzone

JUNE 11, 2025

“If the suspected geothermal potential is confirmed, OMV, together with Energie Steiermark and Energie Graz, is planning the long-term extraction of heat from deep geothermal energy for the greater Graz area and thus a sustainable, climate-friendly heat supply for the city”, OMV said in a press release.

Exploration Well

Rigzone

JULY 24, 2025

supply is likely to fall, two; short- and long-term demand are far more robust than consensus believed, and three; OPEC+ policy is becoming increasingly proactive, with the background of a sustained campaign by key members to increase the effectiveness of the organization,” the analysts added. percentage points week on week to 39.4

Oil

McKinsey

JULY 29, 2025

McKinsey analysis suggests that in a midrange scenario, demand for AI-ready data center capacity will rise at an average rate of 33 percent per year between 2023 and 2030. Sustainability ambitions driven by renewable-energy providers. To keep up with the rapid rise of AI, data centers have become bigger and more powerful.

Telecommunication

Rigzone

JUNE 29, 2025

percent from 2023. million in 2023 to $558.6 This is part of PIS’s commitment to revitalize various domestic industries and drive Indonesia’s economy sustainably”, Baron said. billion in revenue for 2024, up 4.4 Profit grew 69.3 percent from $329.9 million in 2024.

Transportation

Rigzone

JUNE 30, 2025

The award follows the successful delivery of two subsea injection systems for the first phase of this project in 2023, SLB said. Work has already started, with first deliveries expected in 2026, SLB said in a news release. Financial terms were not disclosed. Phase two will increase the current capacity from 1.5

Control Systems

Rigzone

JULY 2, 2025

The agreement brings the universities one step closer to a sustainable electricity supply. In 2021, they signed a gas contract with the University of Stuttgart for January 2023 to December 2026. The University of Konstanz already operates its own combined heat and power plants, which cover 50 percent of its electricity requirements.

Drivers

Rigzone

JULY 15, 2025

“Warmth shifting south - if sustained - may drive a stronger demand influence for Henry Hub than Marcellus-focused heat. That statement highlighted that Plaquemines LNG reached a Final Investment Decision on Phase 1 in May 2022, and on Phase 2 in March 2023.

Natural Gas

Rigzone

JULY 25, 2025

Data showed that provincial emissions from venting and flaring at upstream oil facilities fell by 71 percent compared to 2015 levels, and by 13 percent compared to 2023 levels, according to a separate statement. The OGEMR annual report found that emissions from reported venting and flaring at upstream oil facilities had been reduced by 7.7

Transportation

CNBC: Energy

JUNE 23, 2025

"This suggests that, for now, the overall flow of vessels into the region is being sustained despite the recent, specific diversion event." In 2023, oil flows through the waterway averaged 20.9 attack Saturday on what have been identified as three major nuclear enrichment facilities in Iran.

Electronics

Rigzone

JUNE 30, 2025

The divestment follows the sale of Moeve’s exploration and production assets in Colombia and Peru in 2024 and in Abu Dhabi in 2023, in line with the Company’s 2030 strategy, the company said in a separate statement.

Exploration and Production

Oil and Gas Investments

JUNE 20, 2025

dropped 13% from an average of 687 rigs in 2023, to 599 rigs in 2024, an obvious challenge for service companies. million in dividends paid in 2024, up 24% from 2023. While PHX works with 23 of the top 25 North American producers, sustained oil price weakness could affect industry spending. Shares Outstanding: 45.56

Oil

Rigzone

JULY 15, 2025

million barrels a day in June, the strongest pace since September 2023, according to Bloomberg calculations based on government figures. Refining throughput rose to more than 15.2 A gauge of apparent demand also improved.

Barrel

Rigzone

JULY 24, 2025

But it “also functions as a measured response to sustained US tariffs, sanctions targeting Chinese entities, and broader strategic tensions,” Ye said. “It signals Beijing’s resolve against unilateral pressure.” More positively, the two are preparing a landmark joint statement on climate cooperation.

Crude Oil

Mees

JULY 4, 2025

Saudi Arabia’s FDI inflows increased by 24% year-on-year in Q1, but at $6.4bn they were still down on the same period in 2023. As a result, the struggles to achieve sustained increases in FDI inflows are especially problematic.

Finance

SmartBrief

MARCH 10, 2025

The issue is so pervasive that the brand even held a Dupe Swap at its Century City Mall store in Los Angeles in mid-2023, where customers could trade in dupe leggings for a pair of the authentic product. You should also learn about their financial health to help gauge operational stability and sustainability.

Sustainable

Rigzone

JULY 22, 2025

The European Commission, acting on allegations raised by German authorities in March 2023, failed to confirm any fraud related to the sustainability and emissions savings of biofuels imported from China.

Sustainable

McKinsey

JULY 9, 2025

Lower profitability and increased volatility in asset management The European asset management industry began to recover in 2023 following a severe decline in 2022, according to McKinsey research. But European profit pools haven’t recovered from the challenging years of 2022 and 2023. percent in 2023 and negative 0.3

Management

CNBC: Energy

JUNE 20, 2025

Indeed, a 2023 survey by the Geological Survey of Denmark and Greenland (GEUS) found that 25 of the 34 minerals recognized as critical raw materials by the European Commission were found in Greenland. "And if we start to fold on that, we will also lose the people's support of this industry. For us it is really important.

IT