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 acquisition adds well completions services for conventional and unconventional reservoirs. -
The deal resulted from the exercise of ConocoPhillips’ preemption right to acquire the stake when operator Origin Energy had intended to sell it to US energy investment firm EIG Global Energy Partners for $2.12 billion.
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Company will add Molykote lubricants, designed for oilfield use, to its slate of materials offerings.
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Oil production is reaching new levels in the Permian Basin and it has created some uncertainty about where all the associated gas will go.
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The company believes its booking represents the industry's first to be made under SPE's CO2 Storage Resource Management System.
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For the foreseeable future, going beyond the barrel will really mean maximizing returns from the barrel, including the identification and harnessing of potential gains from capital planning, asset management, and operations.
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The French operator withdraws from flagship deepwater project.
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The industry group called the decision by the court “misguided” and said it will result in significant uncertainty for Gulf of Mexico producers
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The “merger of capabilities” is designed to accelerate growth in the region.
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Highlights of what the US oil and gas chief said to SPE members at the recent Hydraulic Fracturing Technology Conference.
