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 nearly $60-billion deal will see ExxonMobil more than double its Permian Basin output to over 1.3 million BOED. -
In recent weeks, we have seen headlines heralding the surge in M&A activity in the US shale sector. While the large figures might grab the headlines, the path to realizing these synergies on a company's P&L is littered with operational and supply chain challenges.
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The robot company said it plans to integrate 3D at Depth’s LiDAR inspection technology after the all-stock acquisition.
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French supermajor sells its pair of oil sands assets to focus capital on its oil and gas assets with low breakeven.
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The latest deal from Denver-based Civitas Resources brings its spending total this year to almost $7 billion.
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ADNOC's Ruwais LNG to be one of the first all-electric-LNG facilities in the Middle East.
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Aker Solutions, SLB, and Subsea 7 have joined to create a subsea engineering firm to drive innovation and efficiency in subsea production.
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The work scope for the project runs through year-end 2027.
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While many expect oil and natural gas to retain their roles in the energy mix of 2050, the more significant question should not only be on how much oil and gas will be needed but from where the world will find it.
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The Biden Administration plans for a maximum of three lease sales in the Gulf of Mexico from 2024 to 2029.
