Eni to Pay $185M to Settle Transocean Drilling Rig Dispute

Offshore drilling company Transocean and Italian oil and gas firm Eni have settled a long-standing dispute over a drilling contract for the Deepwater Pathfinder drillship

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Shell CEO does not rule out moving headquarters to Britain

Royal Dutch Shell is not ruling out moving its headquarters from the Netherlands to Britain the oil company chief executive Ben van Beurden said in a Dutch newspaper interview published on Saturday

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Neptune Energy confirms hydrocarbon discovery at Dugong well

Neptune Energy and its partners announced the discovery of hydrocarbons at the Dugong well (PL 882) in the Norwegian sector of the North Sea.

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Russia Expects OPEC+ To Ease Cuts Next Month

OPEC+ is not discussing or planning changes to its production cut agreement, which should see the oil producers ease the cuts in August, Russia’s Energy Minister Alexander Novak said at an online conference on Thursday.

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Odfjell rig heads to South Africa for Total drilling campaign

Odfjell Drilling’s semi-submersible drilling rig Deepsea Stavanger has mobilized from Norway to South Africa for a drilling campaign with Total.

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Venezuelas Oil Production Plunges to Lowest Level Since 1945

Oil production in Venezuela, the country with the world’s largest reserves of crude, has fallen to a 75-year low with U.S. sanctions continuing to cripple the country’s exports

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Oil Set for Weekly Gain With Economic Optimism Outweighing Virus

Oil slipped Friday but remained on track for a weekly gain as aggressive supply cuts and better-than-expected U.S. economic data overshadowed a surge in coronavirus cases in the world’s largest economy

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Saudi Oil Cuts Take Seven Supertankers a Day Off the Market

Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June.

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