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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Fossil fuel importers could move more quickly to renewables as a domestic alternative to buffer the impact of energy supply disruptions and rising prices. -
The deal for 1 mtpa results in the planned initial phase of Port Arthur LNG plant being fully subscribed.
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The acquisition of Advance Energy Partners shows that private equity groups are successfully maintaining premium valuations for core assets.
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M&A market activity in the fourth quarter fell from the third-quarter high to $13 billion.
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The Oklahoma City-based operator struck the first big US shale deal of 2023 as it pivots toward natural gas developments.
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A big jump in the tax incentives offered for putting CO2 in the ground, hopefully forever, has set off a mad rush to sequester CO2. But is that really the best option?
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When the name change was announced on 24 October, the accompanying release said the SLB name was designed to underscore “the company’s vision for a decarbonized energy future and affirming its transformation from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a balanced planet.”
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Proposed energy projects needing US federal permits will come under increased scrutiny related to the scope and magnitude of potential emissions.
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FSRU Exemplar will deliver natural gas to Finnish and Baltic markets via a decade-long contract with local transmission company.
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Offshore rig owner expands deepwater fleet in a transaction valued at just under $1 billion.
