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.
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The all-stock transaction is the second megadeal to rock the energy industry this month. -
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.
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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.
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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.
