Page 2 - Offshore Rigs News Today

A roundup of news items and upcoming events, this week from Newport Beach, Laguna Beach, Costa Mesa and Irvine.

The Abu Dhabi sovereign wealth fund owns assets worth $3bn in Russia, which represents less than 1% of its portfolio.

Aramco Trading Company is to supply crude oil feedstock to RSNRPC's project at the Suez Canal Economic Zone in Ain Sokhna.

Repsol is exploring the sale of some of its oil and gas assets in Canada later this year to capitalise on the higher oil and gas prices.

The Nigerian FPSO vessel Trinity Spirit was working on the Ukpokiti field near the Niger delta when it exploded, leaving 10 missing.

TotalEnergies will sell stakes in its gas fields offshore the UK West of Shetland to Kistos Energy for an initial cash consideration of $125m.

While exact findings from the financial review are pending, Sapiem is in talks with shareholders for a potential finance package.

A series of infrastructure projects are up for discussion, helping to boost the South American countries’ economies.

The CCS collaboration comes as part of the Malaysian operator’s business plan to achieve net- zero emissions by 2050.

Algeria's state-owned oil company Sonatrach is reportedly planning to invest $40bn over a five-year period in gas and oil exploration.