Rigzone Industry News

Saipem has closed the sale its onshore drilling business to KCA Deutag in a transaction worth $550 million.

SLB and Linde have formed a partnership to collaborate on carbon capture, utilization, and sequestration projects.

Shell has completed the sale of its 100 percent shareholding in its Philippines subsidiary to Malampaya Energy XP.

Sembcorp Marine has decided to directly buy Keppel's offshore and marine unit for $3.19 billion instead of pursuing a merger any further.

The U.S. Strategic Petroleum Reserve has proven to be a significant source of confusion and misinformation.

Shell is exploring the feasibility of carbon transport and storage options in Brunei and Singapore.

The union said workers voted 'overwhelmingly' for industrial action.

Saudi Aramco has created a $1.5 billion fund to invest in technology supporting a stable and inclusive energy transition.

Shares of the company rose as much as 4.2 percent.

Sinopec described the find as a 'major breakthrough for China's shale gas exploration'.