Rigzone Industry News

Gran Tierra expects to strengthen its cash flow with higher oil production.

The exploration comes after Lebanon and Israel resolved their row over their border, around which the block lies.

The industry may have yet to feel the need to make adjustments.

The current pullback in oil prices below $80 Brent is wrapped into recession fears, according to Rystad Energy.

The government deems its decision to cut Pemex's profit-sharing rate gives the company enough to pay down maturities.

Aramco has been seeking equity investors that could help fund midstream and downstream projects at its more than $100 billion Jafurah gas development in the east of the kingdom.

Oil fell the most in almost four months as thin trading volumes exacerbated the fallout from gloomy reports about the health of the global economy.

Halliburton and Oil States International have been awarded Safety in Seas Awards by the National Ocean Industries Association.

Subsea 7 describes the award, which it highlighted is worth between $50 million and $150 million, as 'sizeable'.

EnerMech has turned to experienced industry leader Ian Spenceley for a key position as its rapid growth continues.