Saipem has been awarded new offshore drilling contracts, three in the Middle East and two in West Africa for a total amount of approximately 800 million USD. In…
Shell Announces Reevaluation of Investment Levels.
Shell announced on Monday it will reevaluate plans to invest up to 25 billion pounds in Britain in the next decade following the government’s decision to increase a…
ADNOC L&S Acquires Zakher Marine International. Adds 24 Jack-ups, 38 OSVs to Fleet.
ADNOC Logistics & Services, the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC) has completed the acquisition of Zakher Marine International (ZMI), adding 24…
Norway: Oil Fund Investments In Russia Now Worthless
As the war in Ukraine escalates, many companies and countries are siding with Ukraine and are cutting ties with business endeavors in Russia. Norway is following suit as it has written off Russian assets in its $1.3 trillion wealth fund.
Big Oil Pumping Cash as If $100 Oil is Here
BP Plc, Shell Plc, TotalEnergies SE, Exxon Mobil Corp. and Chevron Corp. just generated the highest free cash flow since the start of 2008. The world’s oil supermajors…
OPEC: Oil Deal Hangs in the Balance
OPEC & alliance descended into bitter infighting after a key member blocked a deal at the last minute S.E.Wardany, G.Smith, D.Khrennikova, J.Blas Friday, July 02, 2021 (Bloomberg) —…