Rystad Energy issues oil market update following OPEC+ meeting
The decline in the price of prompt Brent can be attributed to apprehensions regarding the demand for gasoline and diesel triggered refinery run cuts, according to Rystad Energy.
Drilling & production - 10 June 2024
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Wood completes preliminary engineering for world’s largest carbon capture sequestration hub in Saudi Arabia
The company has completed the front-end engineering and design (FEED) scope for the first phase of Aramco’s Accelerated Carbon Capture and Sequestration (ACCS) project in Saudi Arabia, expected to be the world’s largest carbon capture and sequestration (CCS) hub, upon completion.
Shelf Drilling announces contract award for the Shelf Drilling Tenacious
Shelf Drilling has announced that it has secured a 15-month award for the Shelf Drilling Tenacious jack-up rig for drilling operations offshore West Africa.
Noble Corporation plc announces agreement to acquire Diamond Offshore Drilling, Inc.
The companies have announced that they have entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction.