Business/economics
The US and UK sanctioned Russian independent Lukoil International and state-owned Rosneft in a bid to pressure Russia over Ukraine.
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.
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For Pioneer, the deal marks its return as a pure-play operator in the Midland Basin side of the Permian region. For, Continental, it represents the first steps into the most productive shale play in the US. -
Over the past 30 years Caspian nations such as Azerbaijan and Kazakhstan have built thriving economies on oil and gas wealth led by global energy companies and a handful of megaprojects. As times change, that model may need to be reassessed.
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Where does employment in the oil and gas industry stand today? It remains far from the peak seen in 2014, but it is incrementally recovering. Will it grow, and how?
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Operator will not participate in Sea Lion project in the Falkland Islands.
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The pressure pumping business has been looking up this year, but the price paid to buy a big player in that business, FTS International, suggests growth may not last.
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BP boss is joined by ADNOC chief and India's oil minister in urging increased investment in everything from storage to fuel diversification.
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Two years ago, a longtime petroleum engineer and former SPE President dared to speak of a future in which his discipline had seen peak employment. He’s back again with a new paper that tries to explain where things may go from here.
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More time and money are needed for Johan Castberg and others, while government looks to boost hydrogen research.
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The country’s 17th Bidding Round attracted bids on just five of the 92 blocks on offer… and all from Shell.
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The US producer also closed its acquisition of assets in the Permian through a deal with Primexx.
