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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In 2 months, the US saw a 56% decline in rig count, reaching a 33-year low. -
As operators feel the pinch of low oil prices, so, too, do their service providers.
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The JV continues KBR’s work history in Kazakhstan. The company has worked on various projects in the country since 1993.
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Centennial said in its 10-Q report for Q1 that the economic downturn increased the likelihood that the transaction would fail to close by its original timeline.
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Houston-based Occidental had earmarked the money to ease debt from buying Anadarko.
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The recent increase in global liquid fuel inventory has been largely driven by travel restrictions, and reduced economic activity. Supply is expected come back down as demand and prices recover.
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Neptune must pay Energean a break-up fee of $5 million for cancelling what was to be a $250 million deal.
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Middle East could lose 15% of ethane-based ethylene supply in 2020 because of oil supply dynamics.
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Two intelligence groups share similar views on how the fallout from the COVID-19 pandemic has impacted OFS companies’ valuations and operations.
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The two companies worked together in 2019 to improve execution techniques where Petrofac digitalized maintenance and inspection activity.
