Business/economics
EY reports an 11% decline in reserve additions and the first sub-100% reserve replacement ratio since 2021, even as crude output climbed.
Superior seeks to expand its international footprint through the acquisition, which is reportedly valued at $1.2 billion.
By acquiring 100% of Ventura’s outstanding shares, SED Energy Holdings would scale its business into a combined $1 billion company backed by a $1.3 billion contract backlog focused on deepwater drilling, shallow-water tender rigs, and seismic acquisition.
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This paper presents an evaluation of the lithium potential of assets in the North Sea. -
Hurricane prognosticators continue to believe the 2024 Atlantic storm season will be more active than normal, even after a somewhat slow start. In any case, the oil field is ready.
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The energy industry faces a shortage of skilled professionals, and high salaries aren’t enough to attract new talent. We need to show how careers in this field offer meaning and stability, with transferable skills across energy sectors.
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Industry experts advocate for collaboration to develop and test technology that can reduce emissions without breaking the bank.
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Viking Energy, the world’s first LNG-powered supply vessel, is set to become the world’s first ammonia-powered supply vessel.
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Rig counts are down since 2023, but well productivity is marching forward.
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The deal comes only weeks after the private equity firm purchased a natural gas-fired plant operator.
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Cost concerns temper public appetite for clean energy while companies struggle to find investors for projects.
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Shell moves its focus to other areas of the UK North Sea while ExxonMobil is making its final exit.
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High prices for untapped drilling locations in the Permian Basin have sparked some new trends in the tight oil dealmaking space.
