Business/economics
The firm’s latest analysis puts the bulk of the blame on a fragmented supply chain.
The supermajor said the fields are not expected to contribute meaningfully to its production profile by 2030.
Output is rising fast in the South American shale play and putting Argentina on a course to soon reach 1 million B/D.
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The Permian Basin operator said the purchase ‘checks all the boxes’ it looks for in an acquisition. -
QatarEnergy and ExxonMobil are optimizing global marketing of US LNG ahead of the Golden Pass LNG export terminal startup.
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The Norwegian operator cites inflation and uncertainty surrounding supplier markets as factors in the decision.
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BP and Equinor win four deepwater exploration blocks in the C-NLOPB’s call for bids.
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The deal upon closing at year-end would expand Marathon’s position in the south Texas shale play by 130,000 net acres.
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The acquisition plan supplants earlier merger agreement with new terms and a potential faster timeline for the combination.
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A leaner and wiser Weatherford seeks new Middle East contracts while growing margins and market share on existing business.
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The world's two largest oilfield service outfits are riding a wave a renewed upstream spending while Baker Hughes posted its second straight quarterly loss.
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In following some of the upstream industry's other big firms, the legacy oilfield service company believes the time for a change has come.
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Billionaire-founder boosts his original offer made in June to secure the deal.
