Business/economics
The Federal Reserve Bank of Dallas’ third-quarter energy survey reflects industry views on the drawdown of the US Strategic Petroleum Reserve, the outlook for Persian Gulf crude exports, and expectations for oil prices.
As the pace of new discoveries slows and high-quality prospects become harder to find, oil companies may need to rely more heavily on mature fields to maintain production and support future supply.
After years of market shocks, technological breakthroughs, and rising uncertainty, ATCE 2026 will provide new insights on how industry leaders and technical experts are preparing for the next era of the upstream business.
-
The deal consists of stakes in nine shallow-water producing fields covering 108,000 gross acres in 10–50 m of water. -
Baker Hughes, a GE company, (BHGE) and C3.ai announced a joint venture agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s unique artificial-intelligence software suite to deliver digital transformation technologies and drive productivity for the oil and gas industry.
-
Wood secured two new contracts from Equinor for onshore and offshore facilities in Norway.
-
New analysis from Rystad Energy shows service companies are beginning to raise prices after seeing a significant drop following the oil price downturn. Pricing power is projected to keep rising in 2020 as the service industry sees more demand across the supply chain.
-
Reports 20 June that Iran shot down a US Navy drone over the Strait of Hormuz—the global oil market’s most critical transit point—exacerbated tensions in the region following a pair of attacks on oil tankers in the Gulf of Oman just a week earlier.
-
Ranking places US ahead of Saudi Arabia and Russia.
-
Trade tensions and economic sentiment take a toll.
-
Cost inflation and volatile commodity prices pose threats to sustained financial improvements.
-
The facility will serve as a hub to support customers and projects in the Angola and Southern Africa region.
-
Infinity Oilfield Services and Medserv have formed a new joint venture named InMedCo to provide a portfolio of specialized technical services to the oil and gas market.
