Business/economics
Shell is getting out of the Permian by selling out to ConocoPhillips, which has added to its bets in the west Texas play for the second year in a row.
The Mexican state oil company’s increased spending plan is designed to turn around flagging oil production.
Canadian midstream giant adds key US oil export capacity via private-equity exit.
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ADNOC will purchase eight FlexRigs while H&P invests in ADNOC Drilling’s planned public offering. -
Brazilian state oil company will charter two pipelay support vessels for 3 years plus options.
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After more than 2 decades of talk, multiple millions of dollars in investments, and a decade’s worth of joint industry projects, operators are starting to get on board with electrification as the base case for subsea solutions.
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A well-pattern-design work flow proved able to identify substantially better patterns than the traditional approach for giant mature field.
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Recent history has taught the unconventional sector that overly optimistic production forecasts can backfire. Going forward, one solution may be to combine financial and subsurface models to better communicate expectations.
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The Biden administration has appealed a district court decision to restart oil and gas leasing programs in the US.
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The energy transition was present but not at center stage at recent earnings calls as majors celebrated their improving financial performance.
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The three service operations vessels are committed under a long-term contract at the Dogger Bank wind farm offshore UK.
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The US military and the Group of Seven leading industrialized nations accused Iran of being behind a deadly attack on an oil tanker in the Arabian Sea.
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The megadeal will make Woodside a Top 10 independent global oil and gas producer with annual volumes of approximately 200 million BOE.
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