Oil Declines for Third Consecutive Week
Oil felt continued pressure this week from slight oversupply dynamics.
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Perenco Hires Valaris Rig For Southern North Sea Drilling Campaign
Perenco UK has secured the services of the Valaris 247 jack-up rig for the Southern North Sea drilling campaign.
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EnQuest Year-To-Date Production Right on Point
EnQuest has reported higher production for the first 10 months of 2022 when compared to the corresponding period in 2021.
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EU Set to Resume Talks on Price for Russian Oil Cap Tonight
European Union diplomats are set to meet Friday evening to see if they can hammer out a final deal.
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Sempra and ConocoPhillips Strike 20 Year LNG Deal
Sempra Infrastructure and ConocoPhillips have executed a 20-year Sale and Purchase Agreement for five million tons per annum of LNG.
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Eni Looking To Create Energy Transition Hub In Rwanda
Eni has signed four agreements with the Government of Rwanda to develop innovative joint initiatives in agriculture, protection of unique forest ecosystems, technology, and health.
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Aquadrill Finds Work For Capella Drillship In Indonesia
Aquadrill and a Vantage subsidiary have agreed to provide a 6th generation drillship for operations in Indonesia.
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Oil Freight Boom Makes $1MM Waiting Bills More Common
With soaring shipping costs comes soaring bills for ships doing nothing.
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The USA Did Not Run Out of Diesel Last Monday
The U.S. did not grind to a halt on 21 November.
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Global Oil Market Flashes Warnings
The global oil market keeps sending up flares on the outlook for weaker demand.