Rigzone Industry News

Shell expects lower earnings from natural gas trading due to seasonal shifts in the market.

Saudi Arabia issued big price increases for its crude to Europe and the Mediterranean.

Oil's 10 percent drop so far in 2023 confounded some analyst and trader expectations of triple-digit prices.

Saudi Arabia will prolong its unilateral oil production cut by one month.

Shell Plc's European renewable power boss Thomas Brostrom has decided to leave the company.

Saipem revealed that it has been awarded two new contracts worth around $1 billion.

Saipem has secured two offshore drilling contracts with a $550 million price tag.

Seplat Energy Plc remains committed to purchasing Nigerian oil and gas assets from Exxon Mobil Corp.

SBM Offshore has secured project financing to the tune of $1.615 billion for the FPSO Alexandre de Gusmao.

EDrill is acquiring three rigs it has already been operating.