Business/economics
EY reports an 11% decline in reserve additions and the first sub-100% reserve replacement ratio since 2021, even as crude output climbed.
Superior seeks to expand its international footprint through the acquisition, which is reportedly valued at $1.2 billion.
By acquiring 100% of Ventura’s outstanding shares, SED Energy Holdings would scale its business into a combined $1 billion company backed by a $1.3 billion contract backlog focused on deepwater drilling, shallow-water tender rigs, and seismic acquisition.
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The advancement of the oil and gas industry hinges on its ability to transform digitally by applying high-quality data to illuminate its path forward. -
New York-based BlackRock will put more than half a billion dollars into Occidental's first direct air capture project, which is now 30% completed.
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The Calgary-based shale producer said it is on track to produce 200,000 BOE/D after making its second billion-dollar acquisition this year.
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The deal will add over 460 miles of pipeline to company’s assets upon closing early next year.
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The four capital projects will enable Enterprise to send more NGLs to the Texas Gulf Coast.
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The best wells in which to find lithium are in old conventional fields where rusty pump jacks are pulling out mostly water.
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The oil and gas industry’s sustainability and success depend on its ability to cultivate and nurture a skilled and knowledgeable workforce.
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Higher oil prices and increased demand resulted in better returns for oilfield service companies.
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The all-stock transaction is the second megadeal to rock the energy industry this month.
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A drop in the number of wells drilled on the UK Continental Slope is concerning as many fields in the mature basin are reaching the point of production cessation.
