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.
-
The merged companies will emerge as a new company, Innovex International, increasing its global scale and footprint in growing markets. -
After becoming one of the first US independents to go big on CCS less than 3 years ago, Houston-based Talos Energy is making its exit.
-
The project advances toward the final investment decision expected this year.
-
Oil demand is a "growth story" as fuel demand shifts internationally, said Rice University's Kenneth Medlock at the recent SPE/IADC International Drilling Conference and Exhibition.
-
Consortium suspends planned purchase of 50% stake in Israeli gas producer in light of ongoing military conflict in the region.
-
The agency’s short-term outlook forecasts modest declines in production for the rest of this year.
-
Block 3B/4B is on trend with nearby Namibian discoveries Venus and Graff.
-
The supermajor will gain a 60% working interest and assume operatorship in the AREA OFF-1 block.
-
With its North Field development project in full swing to the south and east, Qatar is now turning west to supercharge its plan to raise LNG production by almost 85% before 2030.
-
The largest project to date will add a capacity of 250,000 B/D starting in 2025.
