Business/economics
Utah, Colorado, Arizona, and New Mexico have formed the Mountain West Geothermal Consortium to turn geothermal energy into gigawatts of baseload power.
The deal adds physics-based reservoir modeling and real-time decision workflows to SLB’s digital portfolio.
Weatherford CEO Girish K. Saligram said the acquisition will bolster Weatherford’s completions offerings and unconventional reservoir capabilities.
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Drilling experts recently shared candid views on what will be required for their segment of the upstream business to move to the next stage of development. -
EQT is benchmarking its way to basin-leading productivity and relying on partnerships and new technology to turn KPIs into operational reality.
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In partnership with OTC 2026, Rystad Energy has shared its latest outlook for the offshore sector and the role it is expected to play in supplying low-cost barrels through 2050.
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The oilfield service company said its emissions reductions are thanks in part to the increased use of renewable energy and operation efficiencies.
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The companies also agreed to collaborate on new AI models to unlock further insights from S&P Global Energy’s upstream data.
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After tracking ARC Resources for more than 2 years, Shell is buying the company to access its tier-one Montney assets.
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Saipem can begin early subsea engineering on ExxonMobil’s Longtail project in Guyana under a Limited Notice to Proceed, while the operator awaits final investment decision and government sign-off.
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A Dallas Fed survey update suggests few executives foresee a strong US production response, even with oil prices above $90/bbl.
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Under the agreement, Trafigura will pay Gabon $1 billion for future crude export deliveries over 7 years.
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The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.
