Tourmaline Oil’s agreement on June 11 to acquire Montney operator Black Swan Energy continues a trend in the Canadian energy sector, which has seen a flurry of mergers between oil and gas producers within the past year.
The administration aims to double the capacity of fledging U.S. offshore wind sector by 2030 and decarbonize the power sector by 2035.
Upon the departure of CEO Darron Anderson, the board of directors of Ranger Energy Services appointed Board Chairman Bill Austin to serve as the Houston-based oilfield service company’s interim CEO.
Meeting the restored oil demand is “unlikely to be a problem,” the IEA said, forecasting that OPEC+ will still have 6.9 million bbl/d of effective spare capacity after July.
Throne Petroleum retained TenOaks Energy Advisors for the sale of an operated Midland Basin position in eastern Andrews County, Texas, within the Permian.
New Permian Basin-Wolfcamp Shale, Marcellus and Haynesville discoveries plus Niobrara completions at a Weld County drillpad in Colorado by soon-to-be-acquired Extraction Oil & Gas top this week’s oil and gas drilling activity highlights from around the world.
June 2021: Brinninstool West Field-Wolfcamp Well: 5,453 bbl of Oil, 9.779 MMcf of Gas per Day
Many high-potential locations remain locked off due to the technical complexity of their production. However, with fresh advances in technology, many OEMs and EPCs alike are eyeing this next step to ensure they can stick the landing.
The collaboration aims to validate and optimize the efficient lithium production process recently announced by Schlumberger New Energy, to support rapid growth of the EV market.