Rigzone Industry News

Aramco has started talks with potential backers for its $110 billion Jafurah gas development, according to people familiar with the matter.

Rigzone's regular energy prognosticators focus on the vessel bottleneck in the Straits of Bosphorus, the effect of a European price cap on Russian crude, daily oil price moves and more.

'In terms of sanctions and price caps, these have not yielded clear results yet'.

Germany's bill for new floating liquefied natural gas terminals is ballooning.

The oil and petroleum products business had "an exceptionally strong year," said Chief Financial Officer Christophe Salmon.

Schlumberger has completed the static and dynamic reservoir model of Pantheon's subsurface geological projects on the Alaskan North Slope.

Oil posted the biggest weekly loss since April as low liquidity fueled big price swings and as restarts for key pipelines alleviated supply concerns.

The proposed subsea pipeline between Barcelona and Marseille will now be green hydrogen only and have an investment price tag of around $2.1 Bn.

One of Rigzone's regular market watchers looks at oil price trends, the drivers of price weakness, the start of European sanctions on Russian crude and more.

The recommendation in a note to clients late Thursday is strictly about the near-term.