Rigzone Industry News

Sembcorp Marine, through its unit PPL Shipyards, has reached an agreement with Borr Drilling to defer its receivables from 2023 to 2025.

MidOcean has signed an agreement with Tokyo Gas to acquire the latter's interest in four liquefied natural gas projects in Australia.

German authorities have approved the increase of the production limit at Neptune Energy's Romerberg oil field.

Last week's decision by the OPEC+ countries to cut their headline production limit by 2Mn barrels per day provoked some anger in the US.

French motorists faced long lines at service stations.

The agreement has escalated tensions in the Mediterranean.

Offshore wind has massive potential for growth with 135 GW of new capacity on offer to developers, equivalent to nearly 2.5 times today's market.

Oil slumped as fears of a global economic slowdown overshadow the threat of tighter crude supplies from OPEC and its partners.

Petrofac has officially taken over the operatorship of the Northern Endeavour FPSO on behalf of the Australia Government.

TGS is expecting its net revenues for the third quarter to reach $135 million, which compares to $200 million in the corresponding quarter in 2021.