Rigzone Industry News

Cronos-2 was drilled to confirm the lateral extension of the Cronos gas discovery.

DeepOcean will provide subsea construction and IMR (inspection, maintenance and repair) services for the Stabroek block.

The growth is expected to be driven by China's shift from coal to gas and economic development in South and Southeast Asia.

Vitol is exploring options to trade physical electricity which may include setting up a domestic office in Japan.

Seatrium will deliver the full-scale retrofit of a seven-megawatt CCS system on Solvang's ethylene carrier Clipper Eris.

Iraq and Kazakhstan pledged compliance with new OPEC+ oil targets.

Oil rose as risk-on sentiment in broader markets cajoled traders back into crude, overpowering the International Energy Agency's forecast for slowing demand growth.

The company saw high market demand for compression services.

The U.S. DOE has selected three projects for potential funding of up to $60 million in the first rollout of a financing program for the demonstration of the viability of advanced geothermal energy.

Crude oil stocks in the U.S., not including the SPR, stood at 439.5 million barrels on February 9.