GPA Midstream's Charlotte Sawyer cautioned attendees at Midstream Texas ‘fines and penalties have the potential to cripple the energy industry.’
Oil companies like SM Energy are being challenged to exercise financial discipline and make shareholder returns a priority while managing growth.
Canada holds the world's third-largest crude reserves but its energy industry has struggled to recover from the 2014/15 global oil price crash.
Oil prices rose Thursday following attacks on two Asia-bound tankers plying the Gulf of Oman, just east of the Strait of Hormuz, a major choke point for global crude markets.
Mexico's oil regulator on June 13 approved exploration plans for four deepwater areas operated by Royal Dutch Shell , after it gave the green light to five others earlier this week, committing the oil major to invest at least $791 million.
The bulk of the banks' climate financing last year was aimed at reducing greenhouse gas emissions and slowing global warming, with over $30 billion invested.
Cognite, in which Norwegian investment firm Aker owns a 65% stake, has customers in Europe, including oil and gas firms Aker BP, Lundin Petroleum, OMV and Wintershall DEA.
Ole Martin Grimsrud has been appointed CFO of Aker Solutions, effective August 1, 2019. He replaces Svein Oskar Stoknes, who is taking over as CFO of Aker ASA on the same day.
Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a contract by Equinor on June 11 for the processing of seismic data from the Johan Sverdrup Permanent Reservoir Monitoring (PRM) system in the North Sea.
In case you missed it, here's a look this week's drilling activity highlights around the world. Details on current and past activity available every day in Hart Energy's database. (Week ending June 7, 2019)
If the drilling proves successful, the investment could grow to some $1.3 billion, according to Mexico's National Hydrocarbons Commission.
Exxon Mobil plans to produce up to 55,000 barrels of oil equivalent per day within five years as part of the project.
There were handshakes and smiles all around after private-equity firm Stonepeak Infrastructure Partners purchased Oryx Midstream in the biggest midstream deal to date.
Mexico's oil regulator announced on June 13 the cancellation of auctions set for October to pick joint-venture partners for national oil company Pemex in seven onshore areas.
Callon Petroleum also confirmed the sale of its noncore Permian asset in the southern Midland Basin to Houston-based independent Sequitur Energy Resources.
Maverick Natural Resources retained EnergyNet for the sale of Permian assets in Winkler County, Texas, within the Central Basin Platform through an auction closing June 26.
The so-called ‘keep it in the ground’ movement has a new strategy--burying the administration in formal written protests and lawsuits challenging nearly every oil and gas lease it plans on public land.
Russia signals it may support extended supply cut with OPEC.
SBM did not disclose terms. The structure is designed to produce 180,000 barrels of oil per day, and have a minimum storage capacity of 1.4 million barrels of crude oil, SBM said.
Two oil tankers were attacked and left adrift on Thursday in the Gulf of Oman, just south of the entrance to the strait, stoking fears of a new confrontation between Iran and the United States.
Newly elected premier says deals are bad for taxpayers.