Rigzone Industry News

Oil plunged to the lowest in almost two weeks on growing concerns that China's faltering economy will erode demand in the world's biggest importer of crude.

Ecuadorians are expected to vote in favor of referendums to order the closing of a major oil field and restrict gold and copper mining.

Suncor Energy reported net earnings of $1.4 billion (CAD 1.879 billion) in the second quarter.

BP has contracted TWMA for drilling waste processing at an oil and gas project in Egypt.

The Poseidon project encompasses the Leman gas fields, one of the largest geological structures in the Southern North Sea sector of the UK Continental Shelf.

'We are investigating the cause of the fire'.

SFL Corporation Ltd has signed a $100 million drilling contract with an Equinor ASA subsidiary for the semi-submersible rig Hercules.

Chesapeake Energy Corporation is selling its remaining Eagle Ford assets to SilverBow Resources for $700 million.

TGS has secured funding for a series of multi-client projects in Southeast Asia.

Output from Guyana is already surpassing expectations.