Offshore Oil's $105B Hangover Compounds Industry Woes
Abandonment costs may haunt the industry in the years to come.
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Petrofac Win Builds on Decade-long Iraq Presence
Here is a recap of some of the most popular downstream-related articles on Rigzone from the past week.
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Syncrude Services Contract Goes to Worley
Worley will provide construction and site maintenance services for the Canadian hydrocarbon facilities over a five-year term.
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Archer Inks Decomm Contract With Repsol
Archer is the sole provider of all downhole services on the Gyda Plug and Abandonment Campaign.
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Eni Restructures With Two New Business Groups
Alessandro Puliti will lead Natural Resources and Massimo Mondazzi will lead Energy Evolution.
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Enbridge Adds Former Central Banker to Board
Enbridge has named Stephen S. Poloz, former governor of the Bank of Canada, as a director.
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New Canada Regulation Aims to Streamline Offshore Permitting
The new ministerial regulation implements a new regional assessment process.
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Oil Trader Winson Demands Payment From OCBC
The spectacular collapse of Singapore oil trader Hin Leong Trading has sparked another legal skirmish between one of its banks and a trading rival.
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Wood Pledges 40 Percent Cut in Carbon Emissions
Wood has pledged to set a science-based target to reduce its scope 1 and 2 greenhouse gas emissions by 40 percent by 2030.
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Occidental Petroleum Hit with Litigation
Here are some of Rigzone's top stories during the last week, just in case you missed them...