Rigzone Industry News

ADNOC awarded a three percent participating interest in the SARB and Umm Lulu offshore concession to SOCAR.

Saudi Arabian Oil Co is looking to expand in natural gas.

Under the contract, ABL said it will provide marine warranty survey services.

Proceeds will help fund initiatives to diversify the economy away from oil.

Surge said it has identified the potential for up to 100 multi-lateral drilling locations at Hope Valley.

'We think bearish Brent flows stand out enough to represent a target for OPEC+ policy makers', analysts at Standard Chartered said.

The assets will expand Aethon's footprint in the Louisiana Haynesville and Bossier shale basins with approximately 31,000 net acres.

'This positive FID enables AltaGas to continue connecting Canadian energy to Asian markets and drive valuable outcomes for all our customers'.

Shares of Saudi Aramco slid to the lowest level in more than a year.

ADNOC bumped its local manufacturing target for critical industrial products in its procurement pipeline to $24.5 billion by 2030.