Business/economics
Crude benchmarks spiked amid concerns that the US-Iran ceasefire is collapsing as commercial shipping comes under renewed attack.
Schneider Electric says the deal advances its vision of creating intelligent industrial ecosystems that connect physical assets with digital insights across the asset life cycle.
The firm’s latest analysis puts the bulk of the blame on a fragmented supply chain.
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Chevron’s $50-billion purchase of Anadarko will make it the second-place ultra-major, behind ExxonMobil. -
The move is part of Delek’s strategy to expand its operations beyond the Eastern Mediterranean region. Shell, meanwhile, is in the midst of a $10-billion divestment program.
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The independent oil and gas company is aiming to build shareholder value through a change in business focus to midstream with this step into pipeline service and construction.
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When the oil and gas industry goes one way, family-owned Hunt Oil goes the other. And that’s why the company has been around for three generations.
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Take a quick look at some of the data points shaping upstream headlines and the movement of oil supplies around the world.
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Colombia now counts Repsol, ExxonMobil, Shell, and Noble Energy as companies committed to exploration in its portion of the Caribbean Sea.
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McDermott will work exclusively with Zamil Offshore to provide Saudi Aramco with maintenance, modifications and operations services.
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The startup of a second FPSO will add 115,000 BOPD to the deepwater project offshore Angola, bringing overall production capacity to 230,000 BOPD.
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Another industry report issued last month touts the coming gains in US shale, predicting that the country will soon be the largest oil producer and possibly exporter in the world.
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Companies are feeling reverberations in production, capacity, and inventory throughout the supply chain. But there are several ways that operators and service providers can mitigate this “bullwhip effect.”
