Business/economics

The third quarter has so far not seen any mergers and acquisitions in the shale business that top $1 billion.

The divestments leave PDVSA as sole shareholder of the onshore Petrocedeño project in the Orinoco Belt.

Forecasts for oil demand are looking up. Will the optimistic views prove to be on target? We have learned how the market can shift or wildly careen, both historically and in the very recent past. The outlooks, which reflect a consensus of sorts, is encouraging for producers.

In his final column as SPE President, Tom Blasingame reminds members to never forget the enormous responsibility they bear in providing the global community with one of its most essential commodities. He calls for increased efforts to engage and contribute to our industry and to SPE to pave the way to sustainable and renewable energy.

Additive manufacturing can alleviate and avoid long, expensive production shutdowns and reduce supply chain carbon footprints. Key to unlocking this potential is building trust in “printed” parts.

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.

US Gulf project will use a similar floating solution to the operator’s Vito project due onstream next year.

Schlumberger beat Wall Street expectations in its second quarter and is seeing positive signals in its international growth prospects.

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.