Rigzone Industry News

Transocean has announced in its most recent fleet status report that it won a new contract and several extensions for its rigs.

Exxon has made three discoveries offshore Guyana and increased its recoverable resource estimate for Stabroek to nearly 11 billion oil-equivalent barrels.

Oil climbed as Chinese central bank assurances of economic support eased fears that a new round of virus lockdowns will crimp crude demand. Diesel markets also spiked amid a global clamor for supplies.

Mitsubishi Heavy Industries has agreed to explore the deployment of Infinium's ultra-low carbon fuels tech in Japan.

Contracts were awarded to 12 companies, including Exxon, Chevron and Shell.

CNOOC has started production from the Luda 5-2 oilfield North Phase 1 project and the Kenli 6-1 oilfield 4-1 block development project.

The energy transition continues to gain steam, with oil demand projected to peak in this decade – perhaps as soon as 2025.

The Government of Guyana has received its first entitlement lift of the Unit Gold crude from the Liza Unity FPSO.

This will be a first-quarter earnings season full of contradictions.

Activists from Greenpeace Nordic in kayaks and boats blocked the oil tanker Ust Luga preventing it from offloading Russian oil into the port.