North America
CEO: Baker Hughes Lands $3.5B in New Contracts in ‘Age of Gas’
Baker Hughes revised down its global upstream spending outlook for the year due to “North American softness” with oil activity recovery in second half unlikely to materialize, President and CEO Lorenzo Simonelli said.
Pemex Hits Debt Target, Struggles to Reverse Production Declines
Pemex achieved its long-term debt target, which aimed to gets its financial obligations below the $100 billion, while struggling to halt production declines.
Tesla to Pause Plans for a Mexican Plant, Impacting Mexico's Nearshoring Appeal
Tesla, which announced plans in 2023 to build a $5 billion gigafactory in northern Mexico, is now pausing development activities until after the U.S. presidential election, its CEO Elon Musk said during the EV maker’s second quarter 2024 webcast.
Despite Slowing NAM Activity, Weatherford Declares First-ever Dividend
Weatherford reported a softer North America market but strong overseas growth, leading the company’s board to authorize its first share buyback program and first quarterly dividend.
Alaska Approves Plan to Build $56.6MM Pipeline for LNG Imports
Natural gas utility Alaska Pipeline Co., an affiliate of Enstar Natural Gas, received approval from the state to build the 16-mile pipeline, which will be connected to a terminal at Port Mackenzie, near Anchorage.
Pitts: Oh, What a Tangled Web the Supermajors Weave
Exxon and Chevron and Guyana and Venezuela—‘Let’s Make A Deal’ meets ‘Love, South American Style.’
E&P Highlights: July 22, 2024
Here's a roundup of the latest E&P headlines, with LLOG acquiring 41 blocks in the Gulf of Mexico and Saipem securing $500 million in contracts from Saudi Aramco.
Tellurian’s Martin Houston: Selling to Woodside the ‘Right Deal’
Tellurian’s Executive Chairman of the Board Martin Houston discussed with Hart Energy the rationale behind a decision to sell the company to Australia’s Woodside Energy Group Ltd. for $900 million.
New Fortress’ FLNG Asset Achieves First LNG Offshore Mexico
New Fortress Energy’s Fast LNG asset has a production capacity of 1.4 million tonnes per annum.
Halliburton Sees NAM Activity Rebound in ‘25 After M&A Dust Settles
Halliburton said a softer North American market was affected by E&Ps integrating assets from recent M&A as the company continues to see international markets boosting the company’s bottom line.