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Top Drilling Contractor News

Equinor Discovers Oil and Gas Near Troll Field in the North Sea
Equinor · Norway

Equinor Discovers Oil and Gas Near Troll Field in the North Sea

100% Right coverage: 1 sources
Equinor has made an oil and gas discovery next to the giant Troll field in the North Sea and will continue to explore the area for further potential resources close to existing infrastructure. The discovery, provisionally named Ringand, is currently estimated to contain between 2 and 12 million barrels of oil equivalent and is only 10 miles (17 kilometers) west of the Troll field, Equinor said on Tuesday. “It's a small discovery, but in an inter…See the Story
Chinese Oil Major Sells U.S. Assets to Ineos
Americas · United States

Chinese Oil Major Sells U.S. Assets to Ineos

100% Right coverage: 1 sources
China’s CNOOC has struck a deal to sell its business in the United States to Britain’s Ineos, the two companies reported over the weekend. The deal is worth $2 billion and includes stakes in two deep-water fields in the Gulf of Mexico, per a Reuters report citing an unnamed source. Ineos said that the acquisition would boost its global oil and gas production to over 90,000 barrels of oil equivalent daily. Neither of the companies involved named …See the Story
ADNOC Distribution eyes non-fuel growth
Abu Dhabi, United Arab Emirates · Abu Dhabi

ADNOC Distribution eyes non-fuel growth

100% Left coverage: 1 sources
The NewsADNOC Distribution plans to expand non-fuel services in the UAE and add more stations in Saudi Arabia and Egypt to drive growth, after already capturing two-thirds of its home market, its chief executive officer told Semafor.The company dominates the UAE fuel market with 540 stations and is the largest convenience store operator in the country. With more than 2.1 million loyalty program members and 220 million annual transactions, ADNOC …See the Story

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