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.
-
Tract is turned back by BP after operator fails to meet drilling obligation. -
A recent survey presented by the Dallas Fed offers hints to why production in Texas and neighboring states has not seen a boost from rising prices. One big problem? Workers.
-
The consortium partners are focused on revitalizing mature fields.
-
Northeast Pennsylvania producer was formed in 2017 after the purchase of Shell-operated properties.
-
Lagoon becomes a multibasin player in water management while WES locks down assets that could drive future deals.
-
Shell is getting out of the Permian by selling out to ConocoPhillips, which has added to its bets in the west Texas play for the second year in a row.
-
The Mexican state oil company’s increased spending plan is designed to turn around flagging oil production.
-
Canadian midstream giant adds key US oil export capacity via private-equity exit.
-
ADNOC will purchase eight FlexRigs while H&P invests in ADNOC Drilling’s planned public offering.
-
A group of oil and gas executives and bitcoin miners mingled in a warehouse in Houston recently. One big topic of discussion: using stranded natural gas to power bitcoin mining rigs, which both reduces greenhouse-gas emissions and makes money for the gas providers, as well as the miners.
