Rigzone Industry News

The contracts are for a total period of three years, with an option for a further extension of two years.

Oil extended losses after the International Monetary Fund downgraded its global growth forecast, intensifying market concerns of an economic slowdown in the wake of hawkish comments from U.S. Federal Reserve officials.

JPMorgan believes Brent prices could increase by around 65 percent.

TotalEnergies has signed a JV agreement with ENEOS to develop onsite B2B solar distributed generation across Asia.

Lime Petroleum has decided to acquire MOL's 40 percent interest in two licenses in the North Sea offshore Norway.

Woodfibre LNG said it expects to reach 'substantial completion' in 2027.

The world's demand for natural gas is set to decline slightly in 2022 due to higher prices and market disruptions caused by Russia's invasion of Ukraine.

Denmark wants to temporarily increase its output of natural gas to help Europe.

Horizontal drilling permits for new wells in the Permian hit an all-time high in March, with 904 total permit awards, Rystad Energy said.

Singapore's Keppel Corporation has terminated construction contracts for a total of four jack-up rigs it secured in 2013 and 2014.