Business/economics
Ranger acquires American Well Services for $90.5 million, adding 39 workover rigs and boosting its fleet by 25%.
Even as industry faces policy and tariff uncertainty, companies view spending on digital transformation as a driver of efficiency.
In lifting force majeure, TotalEnergies says it will restart construction on its Mozambique LNG project as soon as the government agrees to a revised budget and schedule that targets shipping first product in 2029.
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The Permian Basin operator said the purchase ‘checks all the boxes’ it looks for in an acquisition. -
QatarEnergy and ExxonMobil are optimizing global marketing of US LNG ahead of the Golden Pass LNG export terminal startup.
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The Norwegian operator cites inflation and uncertainty surrounding supplier markets as factors in the decision.
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BP and Equinor win four deepwater exploration blocks in the C-NLOPB’s call for bids.
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The deal upon closing at year-end would expand Marathon’s position in the south Texas shale play by 130,000 net acres.
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The acquisition plan supplants earlier merger agreement with new terms and a potential faster timeline for the combination.
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A leaner and wiser Weatherford seeks new Middle East contracts while growing margins and market share on existing business.
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The world's two largest oilfield service outfits are riding a wave a renewed upstream spending while Baker Hughes posted its second straight quarterly loss.
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In following some of the upstream industry's other big firms, the legacy oilfield service company believes the time for a change has come.
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Billionaire-founder boosts his original offer made in June to secure the deal.
