Business/economics
Output is rising fast in the South American shale play and putting Argentina on a course to soon reach 1 million B/D.
Ultradeepwater prospects along the northern coast of Brazil could help offset decline in legacy basins, though permitting hurdles remain a wild card.
The next wave of unconventional growth will likely come from basins in Argentina, the Middle East, Australia, and elsewhere, fueled by expertise gained from shale plays in North America.
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The new award accompanies the creation of an unconventional drilling subsidiary and potential equity deals with SLB and Patterson-UTI. -
The Norwegian oil company said it may spend more than $130 million to get in on the emerging lithium brine business in Texas and Arkansas.
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New round covers 41 parcels across almost 10.3 million hectares off Newfoundland and Labrador
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To ensure successful outcomes, it’s crucial to understand the battery itself, define objectives clearly, and analyze operational profiles thoroughly.
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Losing drill-hungry independent and private companies in the region to robust M&A will mean an activity slowdown that is expected to impact volumes coming from the nation’s largest oil field.
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The Midland-based service company operates a fleet that is now 65% either dual-fuel or electric-powered.
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The 18 vessels CSSC will build for QatarEnergy will be the largest LNG vessels in service.
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The second major deal in the US proppant industry this year will see US Silica go forward as a private company.
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The asset combination is structured under Eni’s “satellite model,” which Eni has deployed successfully with similar upstream joint-venture deals in Norway and Angola.
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The US upstream sector began 2024 with $51 billion in mergers and acquisitions though Enverus outlines why the dealmaking may slow down.
