Natural Gas Prices Could Double Next Year
At the start of April, gas was priced at $1.64 per million British thermal units (MMBtu), the lowest it has been since December 2009. Goldman Sachs expects gas prices to more than double by winter 2020-2021 though.
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McDermott Lands Middle East FEED Contract
McDermott International revealed that it has been awarded a “sizeable” contract from a Middle East customer to carry out front-end engineering and design (FEED) work for offshore riser platform topsides. The contract will be executed from McDermott's Middle East offices.
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Oil Prices Surging After Plunging into Abyss
There’s never been a month like it for oil. One minute you’re paying people to take it away, the next it’s surging.
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Oil Jumps Above $30 for First Time in 2 Months
Oil recently rose above $30 a barrel for the first time in months. Producers in the U.S. and elsewhere continued to slash activity, which is helping to rebalance the market.
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Exxon Buys Offshore Suriname Stake from Petronas
Petronas Suriname Exploration & Production B.V. completed the sale of a 50 percent stake in Block 52 offshore Suriname to ExxonMobil Exploration and Production Suriname B.V. Block 52 is located in the Suriname-Guyana basin, where several hydrocarbon discoveries have been made.
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Here’s What’s Coming
Keep an eye out for these articles on Rigzone later today…
Saudi Petchems Contract Goes to McDermott
Trump Cautioned on Imposing Oil Tariffs
Offshore Australia 3D Seismic Survey Concludes
$2.7B Cut of West Africa Contracts Bound for Saipem
Total Still on Track for North Sea Divestments
Lamprell Wins EPIC Contract With Sharjah National Oil
To contact the author, email andreas.exarheas@rigzone.com
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