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Rigzone Recent News

1. South Bow Sees Sequential Rise in Earnings

   Net income was $88 million, up from $55 million for the prior quarter.

2. North America Adds Rigs for First Time in Months

   North America added five rigs week on week, according to Baker Hughes' latest North America rotary rig count.

3. Venture Global Exported Record LNG in Q1

   Venture Global exported 233.6 TBtu of LNG in Q1.

4. Weatherford Enters into Collaboration with Amazon Web Services

   As part of the collaboration, Weatherford will have AWS as its preferred cloud provider and will migrate its software and hardware suite to AWS.

5. Africa Oil Corp Announces New Brand Identity

   Africa Oil Corp. announced a new brand identity with a change of name.

6. ADNOC Signs Agreements for Potential $60B of USA Investments

   The agreements were made during the UAE-US business dialogue with President Donald Trump.

7. Strathcona Bares Unsolicited Bid for MEG, Sells Montney Assets

   Strathcona entered into definitive deals to divest 'substantially all of its Montney assets' for about $2.04 billion, as it prepares to make a hostile bid to take over fellow Canadian thermal oil producer MEG.

8. Spain Boosts Costlier Gas Power to Secure Grid After Blackout

   Spain is boosting generation from costlier gas-fired power plants in the wake of a nationwide blackout.

9. OPEC+ Did Not Lift Production to Kill the Oil Price, SEB Says

   'There is no sign of a blasting price war emerging between OPEC+ and U.S. shale oil producers', SEB Chief Commodities Analyst Bjarne Schieldrop said.

10. ADNOC Acquires Stake in Turkmenistan Block

    ADNOC's XRG acquired a 38 percent stake in the Petronas-operated Block I gas and condensate fields on Turkmenistan's side of the Caspian Sea.