Rigzone Industry News

The agreement to import natural gas piped from the West Natuna gas fields in Indonesia is estimated at $1.41 billion.

Saudi Arabia has once again reminded the global oil market who is king, according to Skandinaviska Enskilda Banken AB.

Demand uncertainties overcome Saudi Arabia's supply cuts.

UK opposition leader Keir Starmer said oil and gas would remain part of the country's energy mix 'for many, many years'.

Kongsberg Digital has secured a $90 million investment from Shell Ventures and Idekapital.

The extra cut in July takes Saudi Arabia's production to the lowest level for several years after a slide in crude prices.

Green hydrogen is still far more expensive than oil and natural gas.

TechnipFMC has been awarded a significant iEPCI deal by Shell for its Dover development in the Gulf of Mexico.

Sapura Energy has added two seasoned energy industry professionals as its non-executive directors.

Saudi Arabia's foreign reserves fell in April to the lowest in more than 13 years.