Rig Manpower

Iran Oil Exports Surge to a 5-Year High: A Turning Point for the Energy Market Iran’s crude exports surged beyond 1.5 million barrels per day (mb/d) in May, marking a significant milestone since 2018, despite the persistent U.S. sanctions. Tehran has been steadfast in its efforts to ramp up crude output, achieving a production level […]

In a remarkable technological stride, China has unveiled its maiden smart floating production storage and offloading (FPSO) vessel featuring a cutting-edge land-sea integrated operation system. This pioneering achievement showcases China’s successful adoption of digital twin technology in the offshore oil and gas sector. Boasting a remarkable storage capacity of 100,000 tons, the FPSO incorporates a

In a statement, Russian Energy Minister Nikolai Shulginov expressed confidence in the possibility of oil prices surging to $80 per barrel within this year. The minister’s remarks, likely referring to Brent prices, underline the attainability of this price point. Shulginov emphasized the importance of aligning oil prices with the interests of consumers who purchase these