Plains All American will use proceeds from a new JV with Delek to fund the expansion of the Red River pipeline system from Cushing, Okla., and the Permian to U.S. Gulf Coast markets.
Mach Resources, an independent oil and gas producer led by industry veteran Tom Ward, continues to build its position in the Mississippi Lime play.
As spending within cash flow is increasingly the norm for E&Ps, Drillcos provide a possible capital solution.
The goal of the JV is to apply Spectacular Solar’s science-based approach to the ongoing development of drone-based applications, which includes residential and commercial heat mapping, airport designs, construction sites and other innovations.
Instead of investing in Australia or the U.S., Sonangol wants to become an oil company of reference in the African continent, says the company's chairman added that this is a major change.
Saudi Aramco will acquire Royal Dutch Shell's 50% stake in their Saudi refining joint venture SASREF for $631 million, the two companies said on April 21.
Italian oil services group Saipem is looking for partners for its drilling business, while it has ruled out a trade sale, the company's CEO said on April 18.