Rigzone Industry News

Shares of Saudi Aramco slid to the lowest level in more than a year.

Oil retreated as another weak sale of Treasuries raised concerns about rising yields, stoking a risk-off mood across financial markets.

'By 2050, renewable energy sources, including hydro in addition to solar and wind, are expected to constitute a staggering 70 percent of the Middle East's power generation mix,' Rystad said.

The assets will provide Energy Transfer with increased access to growing supplies of natural gas and natural gas liquids (NGL) volumes.

Beginning in 2027, approximately 0.4 million metric tons per annum of LNG for 10 years will be supplied on a delivered ex-ship basis.

Shell is preparing to cut staff from its offshore wind business.

Aiming to produce 200,000 tons of green hydrogen annually during its initial phase, the project has the potential to scale up production to one million tons per year in South Tunisia.

Most recently, Morlot served as Managing Director of Assala Energy in Gabon.

Hess survived a stockholder ballot on its embattled $60 billion acquisition by Chevron.

'Evidence suggests a move away from full offensive operations', Dryad said.