Saudi Aramco will supply less crude as part of long-term contracts next month, giving some Asian processors 20%-30% less than they had sought, according to company officials who received the notices but asked not to be identified as the information is private. SourceContinue Reading

Maersk Drilling has been awarded a contract from Spirit Energy for the harsh-environment jack-up rig Maersk Resolve to drill one development well at Grove North East in the UK North Sea. SourceContinue Reading

Following successful six-month operational trials on Stena Spey and Stena Carron rigs, IDS will deploy its data driven TourNet Pro drilling contractor reporting service and drilling performance monitoring service, Anova DPM, across Stena Drilling’s fleet in Q1 2021. SourceContinue Reading

Global oil use dropped by 9 million barrels a day last year but should recoup more than 6 million in 2021, said Mike Muller, head of trader Vitol SA’s operations in Asia. SourceContinue Reading

Upon completion of the acquisition, ITC Global will become a cornerstone of the Marlink Group, supporting the expansion of Marlink’s global leadership in the energy and enterprise markets. SourceContinue Reading

With demand still fragile, shale companies “are wise not to jump the gun and overproduce during the recovery year,” UAE Energy Minister Suhail Al Mazrouei said in an interview, adding they “need to be careful not to flood the market.” SourceContinue Reading

The U.S. Energy Information Administration said that recent crude price increases and rig additions will help production in the Lower 48 states begin to rise in the second quarter of this year, with total output nearing 11.5 MMbpd in 2022. SourceContinue Reading

The announcement comes just weeks after the European Union pledged to expand the number of Turkish officials sanctioned over the country’s energy exploration in the disputed waters of the eastern Mediterranean Sea. SourceContinue Reading

Insurgents who’ve aligned with Islamic State have since 2017 staged increasingly bold attacks in Mozambique’s Cabo Delgado province that borders southern Tanzania, threatening nearly $60 billion in LNG projects. SourceContinue Reading

The expandable drilling liner enabled the operator to kick-off much deeper in the well, eliminating the need to drill a section of the wellbore and install a tie back. The system was fully expanded within six hours and the entire project was completed in less than 40 hours. SourceContinue Reading