Business/economics
The planned facility was designed to process 34 MMcf/D of associated gas into fully refined gasoline.
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.
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Oman will open a new round of bidding on two onshore blocks from which previous license holders are exiting and a promising offshore block near where production has recently been initiated from the Yumna field. -
For some, the payoff for going green can be astronomical. Others can rest assured that they will be well positioned in the transition.
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US Gulf project will use a similar floating solution to the operator’s Vito project due onstream next year.
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Schlumberger beat Wall Street expectations in its second quarter and is seeing positive signals in its international growth prospects.
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The US remained Europe’s biggest supplier of LNG in Q1 2021, a position it has held since mid-2019 when competition with Russia began to heat up.
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The FBI also released a security advisory and details regarding 23 attacks on oil and gas companies from December 2011 to 2013.
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A 2020 cyberattack resulted in the theft of 1 terabyte of information from the oil giant.
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Halliburton and Baker Hughes both forecast moderate growth in their latest quarterly earnings reports.
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The deal will see the gradual elimination of the production cuts that at the beginning of the pandemic totaled nearly 9.7 million B/D.
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Russian oil major Lukoil expanded its Gulf of Mexico presence, acquiring a 50% operator interest in Mexico’s Area 4 offshore license area.
