The hunt for offshore petroleum is on again, fueled by a surge in global demand for energy, supply disruptions triggered by the war in Ukraine and crude prices that remain above pre-pandemic levels, The Wall Street Journal reports.
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Here’s a roundup of the latest E&P headlines including a new find in the Sichuan Basin and a flaring investigation in the U.K. North Sea from the past week in the upstream oil and gas industry.
Transocean's (RIG) total revenues in 1Q22 decreased to $586 million. Read this article to know why I recommend taking profits in RIG stock at or above $4.90.