Global oil prices hit the highest level since March.
General Electric Co. and a Vietnamese company signed a memorandum of understanding to develop an LNG power plant near Ho Chi Minh City.
The UAE is boosting investment to make good on pledges to increase output capacity, even as it struggles against OPEC+ restrictions on supply.
Seadrill Ltd has added approximately $52 million of backlog following the end of the third quarter of 2020.
Rigzone prognosticators identify trends to watch this week in the oil and gas markets.
AqualisBraemar ASA revealed Monday that it has entered into an agreement to acquire 100 percent of the shares in LOC Group.
Aker Solutions has won a framework agreement with Equinor (NYSE: EQNR) to provide maintenance and modifications services at the Peregrino field, offshore Brazil.
America has been top of the refining pack since the start of the oil age in the mid-nineteenth century, but China will dethrone the U.S. as early as next year, according to the International Energy Agency.
Wintershall Dea aims to achieve net zero emissions on its upstream activities by 2030.
Oil pushed higher after closing at the strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand outlook.