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Rigzone Recent News

1. Oil Markets Gazing Towards Next OPEC+ Meeting

   Oil markets are increasingly gazing towards the OPEC+ meeting in June, SEB's Chief Commodities Analyst said.

2. Petrofac Announces Temporary Share Suspension

   'Trading in the company's shares will be temporarily suspended from 7.30 am on May 1, 2024'.

3. Qatar Orders 18 LNG Carriers from Chinese State-Owned Shipbuilder

   China State Shipbuilding Corp. will construct 18 LNG vessels worth a total of nearly $6 billion for QatarEnergy.

4. TechnipFMC Earnings Soar

   TechnipFMC's net earnings for the first quarter jumped to $157.1 million from $0.4 million for the same period a year ago.

5. Wintershall Dea Faces German Probe over Climate Report

   German prosecutors are investigating allegations that oil and gas company Wintershall Dea misled the public about its sustainability efforts.

6. Nigeria's NNPC Sued over Allegedly Missing Oil Revenues

   A local accountability watchdog has dragged NNPC to court accusing the national oil and gas company of failing to remit billions of oil money to the state.

7. Petrobras Transfers Stake in Mothballed Campos Basin Fields to Perenco

   Petrobras said the divestment is a more favorable option compared to decommissioning the facilities and forfeiting concessions to the ANP.

8. Oil Producers Flush With Cash Cut Reliance on Funding Markets

   Last year, the demand for loans from fossil-fuel companies fell 6 percent year on year.

9. Oil Falls as Geopolitical Risk Premium Decreases

   Oil fell as signs of progress toward a cease-fire between Israel and Hamas reduced crude's geopolitical risk premium.

10. US DOE Narrows Scope of Environmental Reviews for Clean Energy Projects

    The new exemptions from environmental reviews aim to accelerate and lower the cost of clean power deployment.