Rigzone Industry News

Vallourec said it will continue to supply the complete range of tubes and connections for both conventional and complex applications in onshore and offshore oil and gas fields.

For Vitol, a successful bid for Citgo would represent the latest in a series of investments in refining and distribution.

Var Energi ASA has extended its gas sales agreement with VNG Handel & Vertrieb GmbH.

Dryad Global highlighted that two vessels were recently hit in the Red Sea region - the M/V Tutor and the M/V Verbena.

Net proceeds from the disposition will be directed to further strengthen Veren's balance sheet, it said.

Petrobras will use the products in various offshore development wells, mainly off the Brazilian coastline in the Campos pre-salt basin.

'This will be the first new development for Valeura in Thailand, and is expected to serve as a substantial source of production growth in the second half of this year'.

'The transaction is aligned with our stated ambition to dispose of non-strategic assets to optimize our portfolio of assets; reducing our operating costs and emission outlook and enhance future value creation'.

Venezuela's opposition is weighing a move that would slow the sale of oil assets under its control by having Citgo Petroleum Corp.'s holding company file for bankruptcy in the US.

VARD has been contracted to design and build two commissioning service operation vessels for wind farms.