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Rigzone Recent News

1. Rystad Looks at USA Reimposition of Venezuela Oil Sanctions

   'It again becomes illegal for U.S.-based companies to deal in Venezuelan oil,' Rystad notes.

2. Oil Market Sees Iran Sanctions Having Muted Impact on Exports

   Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as soon as this week.

3. TotalEnergies to Acquire Remaining Stake in Malaysia's SapuraOMV

   SapuraOMV's main assets are its 40 percent operated interest in block SK408 and 30 percent operated interest in block SK310, both located offshore Sarawak in Malaysia.

4. SLB Boosts Revenue in First Quarter, Cites OneSubsea JV

   The energy technology firm's first-quarter revenue was recorded at $8.71 billion, a 13 percent increase compared to $7.74 billion in the same period last year.

5. Ten Charged in US Accused of Aiding Venezuela's PDVSA

   One of those charged is a colonel in the Venezuelan military.

6. Are Cyber Attacks a Growing Threat to Oil and Gas Vessels?

   'Regarding the threat, we have seen the landscape worsen considerably,' the Chertoff Group warned.

7. Aramco Eyes 10 Percent Stake in Hengli Petrochemical

   Hengli Petrochemical, a subsidiary of Hengli Group, owns and operates a 400,000-barrel-per-day refinery and integrated chemicals complex in Liaoning Province.

8. Karoon Posts Boost in Production, Lowers 2024 Guidance

   Driven by a full period of production from the Who Dat assets in the U.S. Gulf of Mexico (GOM), production rose 18 percent quarter over quarter.

9. North America Goes Back to Losing Rigs

   North America dropped 12 rigs week on week, according to Baker Hughes.

10. Santos Posts Lower Sales for First Quarter

    Santos collected $1.4 billion in sales revenue with 23.2 MMboe sold.