Business/economics
The cloud platform provider said the initiative is designed to help energy companies manage and analyze large-scale operational data.
The deal positions the merged company to benefit from an expected offshore drilling upcycle.
Suspended by force majeure since the spring of 2021, work on the Mozambique LNG project has restarted with over 4,000 workers now engaged onshore and offshore to meet a 2029 deadline for first LNG.
-
Supermajor expands its global LNG footprint in a deal that will grow its presence in Asia and Europe. -
The Dallas-based tight oil producer will gain 33,500 acres and approximately 25,500 BOE/D from the latest deal to reshape the US shale sector.
-
The two Houston area-based companies have struck an agreement valued at almost $1.6 billion.
-
An economic analysis of a wellbore methodology in natural gas fields that uses gasification of methane within the wellbore (not within the reservoir) for hydrogen production while incorporating simultaneous sequestration of carbon. This new methodology offers significant energy and cost savings in addition to zero carbon being produced to the surface.
-
Occidental Petroleum is teaming up with its largest shareholder, Berkshire Hathaway, to commercialize lithium extraction in California.
-
Hunt Energy Network invested $10 million into Quidnet to help scale up the company’s concept for geopressured energy storage to the tune of 300 MW.
-
Rising natural gas production plus not enough takeaway capacity equals one big headache for west Texas producers
-
JPT’s first year of publication was one of groundbreaking events that would transform the global petroleum industry. A recap of developments in 1949 emphasizes the high hopes attached to the industry—and the ambitious goals of the new magazine.
-
The Houston-based independent will become the top producer in the Eagle Ford Shale with an output of 400,000 BOE/D and is eyeing 1,000 wells to refracture.
-
A new report finds the need for political, regulatory, and fiscal alignment to ensure a just and fair transition.
