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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Oil and gas entrepreneurs need more than just a brilliant idea to attract investment, and investors have to offer more than just money. -
The world’s sources of oil and gas supply and demand are changing, which is captured by a report from the International Association of Oil & Gas Producers. Technological advancements and economic development are serving as catalysts behind a new energy landscape.
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Understanding the behavior of subsea reservoirs traditionally takes months and millions of dollars. A new company says it can do this with a very targeted way in less than a week, for only thousands of dollars.
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UK’s active 30th Licensing Round resulted in the award of 123 licenses to a diverse set of 61 companies—an outcome that UK government officials hailed as more proof that interest is picking up in the aging North Sea.
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Even though exports are rising to more than 1.6 million B/D, the US is facing a new bottleneck at its port facilities.
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The US re-imposing sanctions on Iran has prompted Total to consider dropping its stake in a project designed to bolster output from the world’s largest gas field.
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The potential sale could net as much as $2 billion, depending on which assets were made available. The company has not launched a formal process but is said to be testing the waters, according to a new report by Reuters.
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Offshore oil and natural gas drilling in the eastern part of the Gulf of Mexico would likely be incompatible with military training and testing, the Pentagon is warning lawmakers.
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Although the FLNG concept has been around for decades, only three units are in the water and operational or under commissioning as of 2018. As the mitigation of technological risks is demonstrated, commercial risks become the focal point and the challenge to financing the capital-intensive projects.
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Executives from several service companies involved in the offshore space—including two sides of a recent hostile takeover bid—came together at OTC to discuss the virtues of collaboration and rationale behind M&A.
