Rigzone Industry News

The new cumene unit will be part of a grassroots petrochemical and polymers expansion at IndianOil's complex in Paradip, India.

North America lost 15 rigs week on week, according to Baker Hughes.

Aramco is also exploring significant investments in the Saudi and Chinese petrochemical sectors in partnership with Rongsheng.

The project lowers the flowing pressure at the wellheads and then boosts the pressure to the existing plants.

Phillips 66's adjusted earnings per share (EPS) for the quarter was $1.90, compared to adjusted EPS of $4.21 in the first quarter last year.

Venture Global LNG Inc. expects to begin production at its second liquefied natural gas export facility in Louisiana in mid-2024.

Beach Energy said it is on track to deliver a 30 percent headcount reduction.

'After jumping at geopolitical shadows and overreacting in 2022, the market has been more stoic in 2024 so far', Standard Chartered said.

Eni posted $1.3 billion in net income for the first quarter.

TotalEnergies' net income rose three percent YoY and 13 percent QoQ.