Rigzone Industry News

Saudi Arabia is snapping up millions of barrels of Russian diesel that Europe no longer allows.

'Speculative short positions have increased by 123.9 million barrels over the past four weeks, the largest four-week rise since November 2018'.

A new project aims to use AI to accelerate hydrogen production in Scotland.

Sri Lanka signed a deal with Sinopec adding it to the energy-starved country's retail fuel suppliers.

Shell has raised its gas purchase from Denison Gas Ltd. to 5.503 petajoules a day.

Saipem has secured two new offshore contracts, one in the Black Sea and one in the North Sea, worth $850 million combined.

South Africa has a “high risk” of increased rotational blackouts during the coming winter.

The Waitsia Stage 2 project could not start production in 2023 as targeted.

Even a one percent offering would raise more than $20 billion for the kingdom.

Saudi Arabia, typically one of the Gulf's biggest and busiest listing markets, has been very quiet this year amid concerns over global economic growth.