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.
-
BHGE will sell the division, acquired by GE in 2011 when it bought Dresser, to a private equity investment firm, and a provider of products and services for the distribution and usage of natural gas in Italy. The combined value of the two deals is $375 million. -
The $1.5-billion deal delivers a world market share of 10%, including a 16.6% stake in the US Cameron LNG project.
-
Norway hopes for a continued rise in offshore exploration and development activity to ensure steady oil and gas production through the next decade.
-
The oil and gas industry has vastly accelerated the pace of approving investments for new projects over the past 18 months. New facilities worth more than $110 billion have been approved for development since the beginning of 2017 vs. only $50 billion in 2016.
-
Energy activity has shown solid expansion, but to increase drilling, companies need a higher average oil price compared to last year’s surveys, reflecting a steady increase since 2Q and 4Q in 2017. The ability to find workers and limited pipeline capacity could limit near-term growth.
-
Supply growth into next year is projected to outpace global demand, bringing markets once again into a state of relative imbalance.
-
Just 2 months after issuing more than a hundred licenses, the Oil and Gas Authority begins the process again for a whole new set of blocks.
-
The company announced it would “initiate the process” of marketing its UK Central North Sea fields as part of a portfolio review.
-
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman met in mid-June on the sidelines of a World Cup game in Moscow to discuss oil prices and diplomacy ahead of the recent OPEC meeting.
-
This paper presents a literature review to determine the engineering challenges and opportunities presented by CBM production in China.
