Rigzone Oil & Gas Headlines
- ADNOC Drilling has secured a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources.
- The Suez Canal has seen a significant decrease in shipping traffic, Dryad Global noted.
- 'An escalation to a direct war between Israel and Iran could result in oil prices rising to $150 a barrel'.
- Donald Trump vowed to issue an executive order targeting offshore wind development if he wins a second term as president.
- Oil edged higher as signs of a tighter market vied with decreased geopolitical risks to keep prices locked in a narrow band.
- North America dropped six rigs week on week, according to Baker Hughes' latest rotary rig count.
- The U.S. Energy Information Administration lowered its Brent oil price forecast for 2024 and 2025 in its latest short term energy outlook.
- GlobalData's thematic intelligence center estimates that the global digital twins market will be worth $154 billion by 2030.
- China is taking advantage of lower international prices for coal and natural gas to replenish stockpiles of power fuels ahead of another long, hot summer.
- Three of the additional blocks are in the northwest of the Norwegian Sea and 34 blocks are in the east of the Barents Sea.