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.
-
Billionaire-founder boosts his original offer made in June to secure the deal. -
M&A market activity in the third quarter delivered the best showing of 2022 despite price volatility and a dearth of deals in the prolific Permian Basin.
-
The Permian Basin operator said the purchase translates to more than a decade of additional inventory.
-
The reduction is the largest OPEC+ has made since April 2020, but it may translate to a cut of only 1.1 million B/D because of underproducing members.
-
The pandemic shrank technical teams across the upstream industry, raising new and important questions about how training and knowledge sharing must evolve.
-
The acquisition expands Talos' footprint in the deep GOM, giving it ownership stakes in key infrastructure.
-
The ATCE Startup Village is a partnership between SPE and the Rice Alliance for Technology and Entrepreneurship at Rice University. Find out which firms took this year's top honors during the annual competition.
-
The Sydney-based company announced it will also seek to exit all of its upstream permits with the exception of its major LNG joint venture.
-
Vår Energi cited increased work scope, continued impact of global supply chain challenges for spike in the estimated cost of the Norwegian Continental Shelf project.
-
The decision to spend more than $700 million comes 4 years after the French giant shelved the project amid low oil and gas prices.
