Business/economics
ConocoPhillips, Pioneer view Exxon, Chevron as prime movers to bring investment back into the play.
A new offshore service company has been created combining Baker Hughes’ subsea equipment operation and the drilling hardware made by MHWirth. The joint venture’s goal is to grow and go public.
Oil boss tells CERAWeek attendees a healthy oil industry will push green energy investment.
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The US government is looking at the contractor’s books over possible sanctions violations. -
The $2.59-billion deal advances BP’s effort to divest $25 billion of its global proceeds by 2025.
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Since 2000, Brazilian Petrorecôncavo, which specializes in revitalizing mature onshore fields, has performed operations and project implementation services in most fields of the Remanso Cluster.
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The $533-million field has a production capacity of 27,000 BOE/D and estimated reserves of 1.2 billion BOE.
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After struggling for years to attract investors and develop its oil-rich fields, the kingdom will extract oil discovered in the Gulf of Thailand in 2004.
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Additional acreage in the North and Norwegian seas are also available in the 2021 round.
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ExxonMobil details its massive reduction in the value of its reserves, just as the benefits of all that hacking are starting to become apparent.
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Extremely cold weather left many Texas residents without power and caused oil prices to reach a 13 month high. What happened to the Texas power grid and are there ways to prevent similar difficulties in the future.
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Debt-riddled Premier will emerge as Harbour, seen valued at around $5 billion.
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After making it through the largest weather-induced shutdown ever to strike the region, operators in the prolific shale basin are sharing new numbers on how much production they were forced to curtail.
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