Rigzone Industry News

QatarEnergy has signed an agreement with U.S. supermajor ExxonMobil to acquire a working interest in an exploration block offshore Egypt.

The 23-nation group led by Saudi Arabia will probably ratify plans for another modest production increase.

Eco Atlantic has closed the acquisition of Azinam Group's portfolio, thus expanding its footprint offshore South Africa and Namibia.

Shell has started production at PowerNap, a subsea development in the U.S. Gulf of Mexico with an estimated peak production of 20,000 boepd.

The move follows a series of drone and rocket attacks by Houthi Rebels against Saudi Arabia in the past week.

Executives from some of the largest oil companies in the U.S. have refused a request by House Democrats.

Bechtel's first activities include demolition, civil site preparation and construction of critical foundations.

Ashtead Technology has put the LUMA high-speed through-water wireless optical modems through their paces.

Eni has announced a major upgrade of the resource base in the Ndungu field offshore Angola.

Short-term interventions addressing the current energy crisis must be accompanied by focusing on the goals of the energy transition.