Rigzone Industry News

The second quarter of the year has been a real profit bonanza for Big Oil with almost all members reporting record-smashing numbers with TotalEnergies and Eni reporting pretty much the same.

The U.S. Department of the Treasury announced that its Office of Foreign Assets Control has taken action against certain companies.

BP has decided to raise its dividend and boost share buybacks after second-quarter profits hit a 14-year high due to higher refining margins and trading.

Pantheon Resources has reached the total depth at Alkaid #2 well, hitting multiple oil-bearing reservoirs.

Oil slumped as poor manufacturing figures across the globe fueled concerns that an economic slowdown may sap demand for crude.

Eni secures $6.1 billion revolving credit line linked to its two Sustainability-Linked Financing Framework targets.

The U.S. boosted its rig count week on week.

Valaris has published a fleet status report and showed all its brand-new contracts and contract extensions for its rigs.

Eni has made another significant gas discovery of 1-1.5 trillion cubic feet of raw gas in place, in a deeper zone, in its first exploration well drilled in Offshore Block 2 near Abu Dhabi, UAE.

Keppel O&M has been awarded contracts worth around $54.5 Mn for the refurbishment and completion of two floating production units.