Rigzone Industry News

'A large part of this narrative is the view that demand growth has been consistently disappointing relative to expectations'.

Shell has made a final investment decision to convert the hydrocracker at the Energy and Chemicals Park Rheinland into a production unit for Group III base oils.

Santos' sales revenues rose to $1.43 billion for the fourth quarter.

SBM Offshore announced that its CEO and Chair of the Management Board, Bruno Chabas, has decided not to seek a fourth mandate at the end of his current term on April 12.

Aramco is bucking threats on Red Sea vessels from Yemen's Houthi rebels.

The complex, to be built in Fujian's Gulei Industrial Park, will consist of a mixed feed steam cracker, with an expected annual ethylene capacity of up to 1.8 million tons.

'Right now the status is that no sensible owner will go through'.

The transaction has been unanimously approved by the board of directors of both companies.

'We need to manage our liabilities not only for this year, but for the years to come'.

Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited.