Rigzone Industry News

Aramco has injected an additional $4 billion into its global venture capital arm to boost diversification and expansion in new technologies.

The biorefinery is planned to have a processing capacity of 400,000 metric tons of renewable bio-feedstocks annually.

There is an 'open door' for the countries to develop more offshore gas fields that sit on mutual territories.

Woodside will provide $12.5 million for the Woodside-Rice Decarbonization Accelerator project.

The complex, to be built in Fujian's Gulei Industrial Park, will consist of a mixed feed steam cracker, with an expected annual ethylene capacity of up to 1.8 million tons.

Oil fell in a choppy session as traders weighed escalating military activity in the Middle East against expectations of rising supplies.

'Right now the status is that no sensible owner will go through'.

The acquisition provides 'strong producing properties' that are located adjacent to the company's existing operations area.

TechnipFMC has been contracted for installations at the Mad Dog field.

The transaction has been unanimously approved by the board of directors of both companies.