Rigzone Industry News

Qatar will supply India 7.5 MMtpa of LNG for 20 years under a deal signed between QatarEnergy and Petronet.

The company's adjusted EBITDA for the quarter was $112.38 million (CAD 151.2 million), up 66 percent compared to $67.71 million (CAD 91.1 million) in the comparable period in 2022.

'We are working on plans to recover the dropped equipment from the seabed'.

Oceaneering's manufactured products segment won multiple contracts during the fourth quarter of 2023.

Canacol plans to spend $138 million to $151 million in capital for this year.

Management teams reined in spending on new projects to free up cash for dividends and buybacks.

The transaction is expected to add around four million barrels of oil equivalent net to DNO, consisting of 90 percent gas.

The acquisition increases Vital Energy's working interest in 54 producing, low-decline wells by an average of 67 percent.

Equinor said it will pay out $14 billion in share buybacks and dividends this year.

Oil edged higher in a choppy session as traders weighed a mixed US inventory report, with algorithms exacerbating price swings.