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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Brazilian state oil company will charter two pipelay support vessels for 3 years plus options. -
After more than 2 decades of talk, multiple millions of dollars in investments, and a decade’s worth of joint industry projects, operators are starting to get on board with electrification as the base case for subsea solutions.
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A well-pattern-design work flow proved able to identify substantially better patterns than the traditional approach for a giant mature field.
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Recent history has taught the unconventional sector that overly optimistic production forecasts can backfire. Going forward, one solution may be to combine financial and subsurface models to better communicate expectations.
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The Biden administration has appealed a district court decision to restart oil and gas leasing programs in the US.
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The energy transition was present but not at center stage at recent earnings calls as majors celebrated their improving financial performance.
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The three service operations vessels are committed under a long-term contract at the Dogger Bank wind farm offshore UK.
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The megadeal will make Woodside a Top 10 independent global oil and gas producer with annual volumes of approximately 200 million BOE.
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A trio of service companies will serve as proposed “stalking horse” bidders in the court-supervised sale process, which will be facilitated through Chapter 11 filing.
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Just as US natural gas prices reach multiyear highs, Chesapeake Energy moves to become this region's largest producer.
