Rigzone Industry News

Adnoc has offered to buy most of the 38.3 percent stake in Braskem held by Novonor.

'We expect China's oil product demand growth will slow to 516,000 barrels per day in 2024'.

AltaGas Ltd. reported a net loss before income tax of $36.99 million (CAD 51 million) for the third quarter.

The transport support services provider has invested around $200 million to purchase 10 offshore vessels targeted to bolster its offshore operations in the Middle East and Southeast Asia.

'U.S. oil production reached 13.1 million barrels per day in August'.

'EIR predicts a substantial 3.5 million barrel per day reduction in gasoline and diesel consumption by 2030 in its covered regions'.

Aramco maintained the payout at the preceding quarter's level despite third-quarter net income dropping 23 percent.

Shares of OMV jumped as much as 5.6 percent on Monday.

'We expect global demand to grow 1.5 million barrels per day in 2024'.

The Kobra East & Gekko project has been delivered early and under the original budget of $710 million (NOK 8 billion).