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June 10, 2024

Noble Corporation plc announces agreement to acquire Diamond Offshore Drilling, Inc.- oil and gas 360

Noble Corporation plc announces agreement to acquire Diamond Offshore Drilling, Inc.

June 10, 2024

Oil and Gas 360 SUGAR LAND, Texas, June 10, 2024 /PRNewswire/ — Noble Corporation plc (“Noble”) (CSE: NOBLE) (NYSE: NE) and Diamond Offshore Drilling, Inc (“Diamond”) (NYSE: DO) announced today that they have entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction. As part of the transaction, Diamond shareholders will receive 0.2316 shares

Goldman Sachs sees oil prices rising to $86 this summer- oil and gas 360

Goldman Sachs sees oil prices rising to $86 this summer

June 10, 2024

Oil Price Brent crude prices are set to rise to $86 per barrel this summer amid strong consumer demand which will put the market into a sizeable deficit in the third quarter, according to Goldman Sachs. Oil prices started this week higher, with a slight gain in Asian trade on expectations of higher fuel demand during the summer driving season. As

Shale drilling decreases amid U.S. oil industry consolidation, shareholder returns-oil and gas 360

Shale drilling decreases amid U.S. oil industry consolidation, shareholder returns

June 10, 2024

World Oil (Bloomberg) – Drilling in the U.S. shale patch dropped to the lowest level in almost two-and-a-half years as operators vow to make good on promises to investors for subdued production growth this year. The number of U.S. rigs drilling for oil fell by four to 492, the lowest since January 2022, according to data released Friday by Baker

OPEC⁺ surprise triggered record hedge fund oil sales: Kemp- oil and gas 360

OPEC⁺ surprise triggered record hedge fund oil sales: Kemp

June 10, 2024

BOE Report Portfolio investors sold record volumes of petroleum last week after OPEC⁺ surprised the market by announcing plans to increase production starting from the fourth quarter of 2024. Hedge funds and other money managers sold the equivalent of 194 million barrels in the six most important futures and options contracts over the seven days ending on June 4. Fund

Petrobras to deploy Baker Hughes’ workover, plug and abandonment services across assets offshore Brazil- oil and gas 360

Petrobras to deploy Baker Hughes’ workover, plug and abandonment services across assets offshore Brazil

June 10, 2024

World Oil (WO) – Baker Hughes announced a significant order from Petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil. The multi-year offshore project, set to start in the first half of 2025, will be managed with Baker Hughes’ integrated solutions portfolio to optimize performance for Petrobras. Baker Hughes’ integrated approach will deploy

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