Rigzone Industry News

Sakhalin Energy wants to raise long-term contract prices.

'China will continue to lead oil demand growth in 2024'.

'The targets included missile systems and launchers, air defense systems, radars, and deeply buried weapons storage facilities'.

Between 5.3 million and 19.4 million cubic feet (0.15 and 0.55 million standard cubic meters) of recoverable oil equivalent was proven in well 30/12-3 S.

Africa Oil has received final approval from the South African government for the transfer of a 6.25 percent interest in Block 3B/4B in the Orange Basin.

NNPC destroyed more than 5,500 unauthorized refineries and nearly 4,500 illegal pipeline connections over the last three years.

Novatek saw production rise 0.9 percent last year.

Karoon said it expects its total production for 2024 to be in a range of 11.2 million to 13.5 million barrels of oil equivalent.

Production was paused for two weeks after a blockade by residents.

SLB posted a 22 percent rise in net profit to $4.2 billion for 2023, a record year for its Middle East operations in terms of revenue.