Rigzone Industry News

'Barring an escalation, we anticipate price will stay in its current range for 1Q24 as no supply loss is expected'.

The attack means that a greater slice of the three million barrels a day of Russian crude oil and fuel that has been flowing through the Red Sea to reach customers in Asia could be at risk.

Unite the union revealed that strike action for over 100 offshore drillers employed by Odfjell Technology (UK) Ltd on Equinor's Mariner platform has been called off.

Shell has made a final investment decision to convert the hydrocracker at the Energy and Chemicals Park Rheinland into a production unit for Group III base oils.

The asset is located in Dorset and is connected to the Southern Electric Power Distribution (SEPD) network.

Ryanair has bought more SAF after the European Council adopted a regulation requiring airports to gradually raise the share of SAFs in their fuel mix.

Santos' sales revenues rose to $1.43 billion for the fourth quarter.

Beach saw its sales volumes in the second quarter of company financial year 2024 jump 24 percent above the prior quarter as it achieved its first Waitsia LNG cargo.

Two US LNG companies - Venture Global LNG and Cheniere Energy - are set to lead spending on new developments going forward.

The upgraded radar-based oil spill detection solution will be installed on the Inspirer jack-up rig located on the Yme oil field in the Central North Sea.