Rigzone Industry News

SEB's Chief Commodity Analyst offered a rocket and drone warning in a new report sent to Rigzone.

'It is very unlikely that Saudi/OPEC+ will cave in and switch from 'price over volume' to 'volume over price''.

Analysts at Standard Chartered and J.P. Morgan look at oil demand.

The challenge for any new Aramco share sale would be attracting new investors.

Secure Energy Services Inc. has closed the sale of the facilities formerly owned by Tervita Corporation to Waste Connections, Inc., in a transaction mandated by Canada's Competition Tribunal.

The $2.51 million (GBP 2 million) project powers subsea equipment off the coast of Orkney, Scotland, through a combination of wave power and subsea energy storage.

The acquisition, expected to close on March 14, will provide PDP reserves of approximately 16 million barrels of oil equivalent.

The company will repurchase $3.5 billion of shares this quarter.

Shares in Aramco fell 2.2 percent Wednesday in Riyadh, the most since March 15.

The event occurred 'during normal pipelaying operations'.