Rigzone Industry News

Shell's capital deployment strategy favors repurchasing company stocks more than absorbing rivals.

Wages for U.S. oil workers climbed for a third straight month.

The lawmakers wrote that the megamergers would be likely to 'harm competition, risking increased consumer prices and reduced output throughout the United States'.

Saudi Arabia's economy suffered its biggest contraction since 2020 during the third quarter.

Macquarie strategists are forecasting that U.S. crude inventories will be up for the week ending October 27.

Sumitomo has been granted the exclusive right to acquire a significant equity interest in the East Calgary Carbon Transportation and Sequestration Project.

Shell completed the sale of Indonesia's Masela block for $650 million.

Shell International Trading Middle East FZE will purchase up to 1.6 million metric tons per annum of liquefied natural gas (LNG) from Oman LNG from 2025 to 2034.

'We remain bearish on price but acknowledge upside risk associated with the current conflict in the Middle East that could take Brent to $98'.

The Whale FPU comprises a topside module and a four-column semisubmersible floating hull with a capacity of over 22,000 metric tons.