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Rigzone

Rigzone

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Global oil & gas news across upstream, midstream, markets and tech.

Recent Posts

Momentum Midstream Explores Sale That Could Fetch $5B
News•Feb 26, 2026

Momentum Midstream Explores Sale That Could Fetch $5B

EnCap Flatrock Midstream is exploring a sale of its gas‑pipeline subsidiary Momentum Midstream for a price exceeding $5 billion. The private‑equity firm has engaged advisers and is gauging interest from rivals and other buy‑out funds. Momentum operates roughly 4,000 miles of pipelines serving 10 LNG terminals and 26 power plants, primarily in the Haynesville Shale region. If completed, the transaction would rank among the largest midstream deals since Brookfield’s $9 billion acquisition of Colonial Enterprises.

By Rigzone
Eni Approves Project to Enable Biofuel Production at Pavia Refinery
News•Feb 26, 2026

Eni Approves Project to Enable Biofuel Production at Pavia Refinery

Eni SpA has approved a final investment decision to convert units at its Pavia refinery into a biorefinery capable of processing up to 550,000 metric tons of waste‑derived feedstock per year. The project, which repurposes the Hydrocracker (HDC2) with Ecofining™...

By Rigzone
Biggest Oil Cos Need to Find 22MM Bpd by 2040
News•Feb 26, 2026

Biggest Oil Cos Need to Find 22MM Bpd by 2040

Wood Mackenzie warns that the world’s 30 largest oil and gas firms must add roughly 22 million barrels of oil‑equivalent per day by 2040 to preserve their share of global demand. Current output of about 50 mbd is projected to fall nearly...

By Rigzone
Kosmos Energy Sells Producing Assets in Equatorial Guinea
News•Feb 25, 2026

Kosmos Energy Sells Producing Assets in Equatorial Guinea

Kosmos Energy agreed to sell its 40.375% non‑operating stake in Equatorial Guinea’s Ceiba field and Okume Complex to Panoro Energy for up to $219.5 million. The deal provides an upfront $180 million plus contingent payments tied to production and oil‑price thresholds. Proceeds...

By Rigzone
Kosmos Energy Sells 40.375% Stake in Equatorial Guinea Assets to Panoro Energy for up to $219.5M
Deals•Feb 25, 2026

Kosmos Energy Sells 40.375% Stake in Equatorial Guinea Assets to Panoro Energy for up to $219.5M

Kosmos Energy Ltd agreed to divest its 40.375% non‑operating stake in the Ceiba field and Okume Complex offshore Equatorial Guinea to Panoro Energy ASA for up to $219.5 million. The consideration includes $180 million upfront cash, contingent payments and future installments, funded...

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