Business/economics
Proposed and final notices of sale represent nearly 80 million acres in the Gulf of Mexico and approximately 1 million acres in Alaska’s Cook Inlet.
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%.
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Added assets raise its Delaware Basin daily disposal capacity to more than half a million barrels. -
The filing is part of a plan to restructure the DJ Basin operator while completing a previously signed merger agreement.
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The infrastructure engineering software firm is expected to pay more than $1 billion to acquire geological and geophysical modeling software developer Seequent.
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The combined company will move forward as Expro Group and maintain an operational headquarters in Houston.
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The deal adds acreage in North Dakota’s Williston Basin.
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The confluence of a pandemic, a price war, and extreme weather sent the US production engine into reverse last year, marking the largest annual drop in output on record. New figures on the decline come as the market senses higher oil prices coming.
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Oil major boosts its initial offer for transmission assets.
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Saudi Arabia will keep its voluntary 1 million-barrel cut intact while Russia allowed a small production increase.
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ConocoPhillips, Pioneer view Exxon, Chevron as prime movers to bring investment back into the play.
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A new offshore service company has been created combining Baker Hughes’ subsea equipment operation and the drilling hardware made by MHWirth. The joint venture’s goal is to grow and go public.
