Archrock’s acquisition of Elite Compression Services also included a $30 million sale with Harvest Midstream plus the addition of Hilcorp Founder Jeffery Hildebrand to its board.
The Fort Worth, Texas-based independent reported June 24 average test rates of about 2,500 barrels of oil equivalents per day (boe/d) for its Horned Frog F #A1H and F #B1H in La Salle County, Texas.
McDermott International Inc. said on June 24 it has been awarded a large contract from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan and Zuluf fields, offshore Saudi Arabia.
Baker Hughes, a GE company and C3.ai on June 24 announced a joint venture (JV) agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s unique AI software suite to deliver digital transformation technologies that will drive new levels of productivity for the oil and gas industry.
Alliance Resource Partners agreed to acquire assets from NGP-backed Wing Resources as the coal producer continues to grow its oil and gas minerals segment, particularly in the Permian Basin.
Washington Gov. Inslee said he seeks to ban drilling on public lands and end crude oil exports.
ConocoPhillips is currently operator of the block, with a 54% participating interest. Repsol and Indonesian national upstream company Pertamina own 36% and 10%, respectively.
Crude oil got another boost last week. Brent rose $1.35/bbl last week to average $62.92/bbl driven in large part by geopolitical concerns.
Sanctions forced Indian importers to seek other suppliers.
Artificial Intelligence and Machine Learning are making their debut in the workflows of Exploration and Production, but AI and ML solutions are only as good as the data that trains them. With products like ARLAS and SaltNet, TGS has leveraged their expansive data library to focus on finding the right problems to solve.