Rigzone.com: Latest News Headlines

• CIP to Invest $500 Million in BKV CCUS Projects May 9, 2025
  BKV and CIP agreed to form a JV on carbon capture, utilization and storage in the U.S.
• USA Crude Oil Inventories Drop Week on Week May 9, 2025
  Crude oil stocks, not including the SPR, stood at 438.4 million barrels on May 2, the U.S. Energy Information Administration's latest weekly petroleum status report showed.
• Oceaneering Secures Multi-Year GTA Job from BP May 9, 2025
  The contract includes the provision of subsea inspection, maintenance, and repair services and remotely operated vehicle services, as well as management, engineering, and integration services.
• China Teapots Make Rare Murban Oil Purchases May 9, 2025
  'With healthy simple margins, independent refineries in China are taking this opportunity to buy incremental crude to increase run rates'.