Rigzone Industry News

The world's biggest oil company is confident demand will pick up strongly this year.

Saudi Aramco has acquired the trading arm of US refiner Motiva Enterprises LLC.

Aker BP has extended its drilling and wells alliance agreements with Noble Corporation, Odfjell Drilling, and Halliburton.

There is now short-term upside of $5-10 per barrel in the oil price.

Aker Solutions has been awarded a contract from Altera for the complete upgrade of the Petrojarl Knarr FPSO to be redeployed at Equinor's Rosebank field.

'I think oil will go upwards of $140 a barrel once Asia fully reopens'.

'The markets started the week with a strong, risk off sentiment which accelerated the down move in oil'.

Cook Inlet Oil and Gas Lease Sale 258 generated one bid for one tract.

Everyone has a plan until they get punched in the face.

The risk to future investment from the Australian Government's radical intervention in the gas market has been demonstrated, with Senex Energy pausing a $1Bn domestic gas supply expansion.