Rigzone Industry News

'If prices remain in the $70s per barrel at the time of the next OPEC+ meeting, the group would be inclined to consider an additional production cut'.

The move is part of the EU's drive to shift away from Russian gas after President Vladimir Putin's invasion of Ukraine.

Standard Chartered analysts think positioning in oil is now short enough to be price positive.

France's oil-processing industry is running at a fraction of normal capacity.

Oil surged to the highest in about two weeks as supply disruptions in Turkey added to broader market optimism that a wider banking contagion may be avoided.

China Petroleum & Chemical Corp. (Sinopec) reported Friday $482.68 billion (CNY 3.32 trillion) in revenue for 2022.

McDermott has been hired by Slovnaft to deliver engineering, procurement services and construction management for a project in Bratislava, Slovakia.

Semco Maritime and local supply chain companies are set to undertake maintenance on the Noble Innovator jack-up rig.

Rigzone's regular market watchers take a look at recent oil price moves, the U.S. Spring refinery maintenance season, potential moves from the U.S. Department of Energy and more.

'Zama is being developed to produce up to 180,000 barrels of oil equivalent per day'.