Rigzone Industry News

Ocean Installer and Oceaneering have won a contract in Angola's Block 17 to execute the transportation and installation work of the GIR FLEX project.

Oil climbed as supply disruptions in Libya, increased tensions in the Middle East and an OPEC statement stressing its commitment to stabilizing prices ushered bulls back into the market.

'Monthly EIA production figures for October showed U.S. oil production roughly flat month on month'.

The Joint Ministerial Monitoring Committee, which includes group leaders Saudi Arabia and Russia, will convene in the first week of February.

Oil sank as broad risk-off sentiment undercut concerns about escalating conflict in the Red Sea.

OKEA ASA is finally completing its acquisition of a 28 percent working interest in PL037 from Equinor Energy AS after postponing the original target completion date.

PUN will transfer a minor part of its interest in the the Ærfugl Nord field to Wintershall Dea for an interest in the Idun Nord field.

Oil retreated from its highest close in almost a month as key technical gauges flashed weakness amid thin holiday trading.

Oil posted the biggest weekly gain since October as attacks in the Red Sea forced hundreds of ships to take safer but longer routes, delaying the delivery of oil cargoes.

Orsted has taken an FID on the construction of what it says is the world's single largest offshore wind farm.