Rigzone Industry News

UK Prime Minister Rishi Sunak said the UK will need fossil fuels for the 'next few decades'.

Sound Energy has continued its transition to a development and production company.

Saipem completes its first installation campaign for the Dogger Bank wind farm development.

KCA Deutag has completed the acquisition of a further 44 rigs from Saipem Onshore Drilling's Latin American business.

The cost of drilling for shale oil is dropping for the first time in about two years.

'We expect the new policy to generate significant implications on demand for LNG'.

Shell maintained the pace of share buybacks as it reported another strong quarterly profit.

SBM Offshore has signed an Operations and Maintenance Enabling Agreement with ExxonMobil Guyana for the company's entire FPSO fleet in the country's waters.

Subsea 7 describes the award, which it highlighted is worth between $50 million and $150 million, as 'sizeable'.

'The Browse asset is no longer a strategic fit in the context of Shell's global portfolio'.