Rigzone Industry News

Siemens decided to repair the affected facilities.

Saipem announced that it has been awarded two new engineering and construction offshore contracts in Romania and in Germany.

Sempra declared a second-quarter net income of $603 million.

Saudi Arabia extended its unilateral oil production cut by another month.

The all-share transaction amounts to $8.66 billion.

Macquarie strategists project that U.S. crude inventories will be down 9.3 million barrels for the week ending July 28.

'We believe there is big potential for CCS in the Middle East, as it is a key technology to materialize energy transition.'

Libya's NOC said the contract is the first of its kind in the country and a signal by Libya for cooperation with multinationals.

OPEC+ cuts are reverberating in Middle Eastern crude markets, with Asian buyers turning to US barrels.

The results are broadly in line with industry peers Chevron Corp. and Equinor ASA.