RSS Items

A closely-watched gauge of Asian oil demand is at its tightest level in more than two years.

In a new report sent to Rigzone, Moody's Investors Service noted that it expects 'continued strong performance' from TotalEnergies, BP, Shell, ExxonMobil, and Chevron in 2023.

Subsea 7 describes the award, which it highlighted is worth between $50 million and $150 million, as 'sizeable'.

Subsea 7 and Van Oord have announced the award of a substantial contract by ExxonMobil for the gas-to-energy project offshore Guyana.

The company has secured contracts with Shell, Petrobras, and Equinor.

The project involves the subsea tie-back of one production well at Sunspear to the Prince platform.

Subsea7 won a significant EPC contract for the Bittern field.

Subsea7 has secured a 'sizeable' contract for the Belinda field from Serica Energy.

Subsea7 said that the contract is 'large', which the company defines as being between $300 million and $500 million.

Westwood reports that 'substantial' drilling activity will help elevate the production of crude, condensate, natural gas, and natural gas liquids to a 'high' of 173 million barrels of oil equivalent per day.