Rigzone Industry News

Azule Energy awarded Saipem engineering works for the Ndungu field offshore Angola, in a contract worth $850 million.

'Our divestiture of the Qatar Jack-Up Fleet and exit from the joint venture are consistent with our ongoing efforts to strengthen and simplify our business'.

Seatrium secured a contract from a subsidiary of SBM Offshore for the topside fabrication and integration of an FPSO vessel.

Heavy oil volumes in inventory increased for the second consecutive quarter.

Suriname's discovered oil resources now total more than 2.4 billion barrels of crude and liquids, according to Wood Mackenzie.

The Suez Canal has seen a significant decrease in shipping traffic, Dryad Global noted.

The scope of work includes the provision of subsea engineering, installation and other services, by utilizing the PLSVs in Brazilian waters.

The integrated contract is for the development of the Bestla, formerly known as Brasse, Project in the North Sea, offshore Norway.

The Energy and Chemicals Park comprises Shell's integrated refining and chemicals assets on Pulau Bukom and Jurong Island.

'We think there is only one explanation that might hold enough water to fit the combination of OPEC+ signaling for higher prices but traders pushing prices lower,' Standard Chartered analysts said.