A software platform from Schlumberger is changing the traditional management of drilling fluids and helping operators better organize their data.
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While the news about COVID-19 and supply/demand fundamentals remain favorable, Stratas Advisors says they see other factors that will moderate oil prices.
Spare capacity is an important cushion for the oil market as it allows producers to quickly respond to unplanned outages that could tighten the market and cause big fluctuations in prices.
OPEC and allies led by Russia, collectively known as OPEC+, have done a “remarkable” job acting as “so-called regulator of the oil market,” says Saudi Arabia energy minister Prince Abdulaziz bin Salman.
This is the first major binding deal for natural gas between the U.S. and China since a long-standing trade war which brought gas trade between both countries to a temporary standstill.
The JV with Oak Hill Advisors, called Bluesource Sustainable Forests Co., aims to purchase and more sustainably manage more than one million acres of forests in North America.
When Devon Energy Corp. and WPX Energy Inc. merged to combine strengths during the 2020 downturn, they proved one plus one equals three times the value. Looking ahead, could the new company be the next E&P juggernaut?
However, in an update ahead of quarterly results this month, Shell also flagged a boost to cash flows from soaring natural gas and electricity prices.
Deloitte’s Houston-based Greenhouse is an immersive environment helping oil and gas businesses devise low-carbon solutions to meet the evolving needs of the energy transition.
The Sakarya offshore greenfield represents the largest gas reserve ever discovered in Turkey. The subsea development will be located approximately 100 nautical miles into the Black Sea.
The company launched two new Marlin SmartPort modules: the Agent Portal enables agents and vessels to access a wealth of real-time information and ION’s Billing Management module captures a time stamp of all billable port activities that can be integrated into existing financial systems.
The alliance will be able to offer product deliveries, fabrication services as well as marine and subsea operations and associated engineering services within offshore renewables industries.
The European Commission proposal reflects the EU's efforts to boost its role on the global stage, though it has limited influence in the Arctic.
Shale producers must increase capex in 2022 to keep oil and gas production from falling as the inventory of drilled but uncompleted wells decrease, analysts say.
PDC Energy Inc. has received approval from the Colorado Oil and Gas Conservation Commission (COGCC) for its Spinney Oil and Gas Development Plan (OGDP) permit application, the company said on Oct. 6.
Warburg Pincus-backed Citizen Energy agreed to acquire from an undisclosed seller 28,000 net acres described as a “gas-rich, bolt-on acquisition” to the company’s existing Anadarko Basin footprint.
Merit Energy Co. retained PetroDivest Advisors for the sale of its oil and gas nonoperated working interest and mineral and royalty interest concentrated in the core of the Anadarko Basin.
Chisholm Oil & Gas retained Stephens Inc. for the sale of a nonoperated opportunity in the STACK play of Oklahoma, the majority of which is located in Kingfisher County.
Jetstream Royalty Partners retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its Delaware Basin royalty properties in New Mexico and West Texas.
The U.S. is due to release oil and gas methane emissions regulations in the coming weeks, and the EU will unveil detailed methane legislation later this year.
A White House official said the Biden administration was closely monitoring the cost of oil and gasoline and “using every tool at our disposal to address anti-competitive practices in U.S. and global energy markets to ensure reliable and stable energy markets.”
Saudi Aramco has agreed to supply additional crude to at least three Asian buyers in November, while meeting full contractual volumes for four others, sources with knowledge of the matter said on Oct. 11.
Activist investor Carl Icahn said he worries Southwest Gas will issue stock at “ridiculously low prices to ‘cherry picked’ friends who will be blindly supportive of CEO John Hester.”
A key objective of TC Energy’s collaboration with U.S.-based electric truck maker Nikola Corp. is to establish hubs producing 150 tonnes or more of hydrogen per day near highly traveled truck corridors.
Kinder Morgan’s Products (SE) Pipe Line, which was shut Oct. 1 after a leak was discovered, spans from Louisiana to Virginia and has the capacity to carry more than 700,000 bbl/d of gasoline, jet fuel and diesel.