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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The investment group Wilks Brothers, now owners of Carbo Ceramics, has sought stakes in other OFS companies this year. -
Judgment day may finally have arrived for weak players in the shale business. Deloitte ranks nearly half of the companies as extraneous. What happens next?
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Chevron strengthens its North American position with assets in the Permian, DJ, and Eagle Ford basins and offshore in Israel and West Africa.
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The legacy service provider operates in every major shale basin in the US and Canada. In court filings, it says it will seek additional funding to sell its equipment and wind down operations.
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The combined company will target the renewables market. Aker Solutions intends to spin off its wind development and its carbon capture technology businesses into two new companies, which will be part of its renewable energy group, Aker Horizons.
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US crude exports to China have decreased from peak levels in May and June, but Vortexa said there may be unique opportunities looking forward.
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Lease Sale 256 was originally set for August but was moved due to COVID-19’s impact on the oil and gas markets. Bids will be accepted by mail only due to the ongoing pandemic.
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The Mozambique LNG project expects to achieve financial close in Q3.
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The 18-month contract is for work in the Al-Nasiriyah oil field in southern Iraq’s Dhi Qar province.
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For an industry once fueled by the law of supply and demand, the new economic reality has brought new rules.
