Rigzone Industry News

Analysts at Standard Chartered revealed that they think the oil price rally has 'further to run'.

Savannah will take over Sinopec International Petroleum Exploration and Production Company Nigeria, the British company's co-venturer in Stubb Creek.

The collaboration involves the integration of surface vessels and submarines built by Fincantieri with Saipem's drone development program.

Sudan declared a force majeure on oil exports.

Subsea7 said that the contract is 'large', which the company defines as being between $300 million and $500 million.

However, the state-owned energy and chemicals EPC and logistics company saw net profit land largely flat at $324.5 million as refining and coal revenues fell.

The contracts are for the Mariner field in the UK North Sea, the Heidrun field in the Norwegian Sea, Norway, and the Morecambe Bay area.

Proceeds from a new offering could help fund big initiatives by Crown Prince Mohammed bin Salman to diversify the economy away from oil.

The oil and gas giant now aims to reduce its net carbon intensity by 15 percent to 20 percent by 2030, compared with a previous target of 20 percent.

U.S. gasoline futures have jumped sharply in recent weeks.