Business/economics
Proposed and final notices of sale represent nearly 80 million acres in the Gulf of Mexico and approximately 1 million acres in Alaska’s Cook Inlet.
The US and UK sanctioned Russian independent Lukoil International and state-owned Rosneft in a bid to pressure Russia over Ukraine.
Ranger acquires American Well Services for $90.5 million, adding 39 workover rigs and boosting its fleet by 25%.
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The withdrawal comes at a time of increasing tension between the US and Iraq, which makes investment in the country riskier. -
The companies will focus on research and development to reduce CO2 emissions and promote the circular economy.
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Sharp reductions in operating expenses has rekindled growth and exploration in the UK North Sea, but this fragile recovery will require a continued luck in exploration drilling and a focus on holding the line on costs, which are still high.
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The head of the world’s largest oil company calls the current discussion of climate change too narrowly focused.
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The amount of oil and gas resources approved for development last year surpassed 20 billion BOE, the highest level seen since 2011. Telltale signs have emerged that we are entering a new offshore investment cycle.
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Landmark deal called most significant since 1979 peace treaty.
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Stress Engineering Services (SES) acquired Laserstream, a company specializing in laser mapping of tubular assets. The acquisition will add high-resolution pipe inside-diameter scanning hardware and imaging software to SES’ technology portfolio for its service offering of nondestructive testing, asset condition-based maintenance and monitoring, predictive data analyti…
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Sparrows Group was awarded a 5-year contract with Tengizchevroil (TCO) to deliver specialist lifting inspection services for the Tengiz field in Kazakhstan.
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Saudi Arabia’s oil minister said OPEC must continue to work toward market stability to allow needed oil and gas investment to go forward.
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GTT has been contracted to provide the Hyundai Heavy Group companies with equipment for eight LNG carrier newbuilds. Hyundai Heavy Industries (HHI) and Hyundai Samho Heavy Industries (HSHI) will build the vessels, with each company set to build four vessels. Each vessel will be capable of transporting 174,000 m3 of LNG.
