For an industry less than a decade into its development, water management has emerged as a crucial component of upstream oil and gas development.
Meet ChampionX president and CEO Soma Somasundaram, the man with a bold vision, who is on track to build a durable franchise well-positioned to survive until the last drop of oil is pumped.
U.S. oil producer Hess Corp. said on July 28 it planned to add a rig in North Dakota's Bakken basin in September, after topping estimates for second-quarter profit on a rebound in crude prices.
The original Canadian royalty trust and one of the first E&Ps to explore the Bakken Shale, Enerplus Corp. remained under the radar for many years—until now. The conservative Calgary producer re-emerges with two fast deals and a basket of new top-tier inventory.
Enverus analyzed production history, pricing, velocity and rig count activity to better understand the role and influence private E&P operators are playing in the oil patch and the expected outcomes in the near future.
Here’s an in-depth look from PureWest Energy CEO Christopher Valdez at the company’s ambition of becoming the supplier of choice through the energy transition and what ESG initiatives the natural gas producer is taking to achieve that goal.
Shell CEO Ben van Beurden said the company planned to appeal the ruling but that the Anglo-Dutch company would also accelerate its energy-transition strategy and deepen emission cuts.
It has been depicted as a new David-and-Goliath tale for Wall Street: a tiny hedge fund called Engine No. 1 went up against the mightiest oil company in the U.S. and won three seats on its board, with a mandate to prepare it for a future free of fossil fuel.