Asset Management
The transaction is expected to strengthen the company's position in Alberta’s oil sands and unlock annual synergies of $54 million.
The transition away from materials that contain per- and polyfluoroalkyl substances (PFAS), co-called forever chemicals, creates an opportunity to preserve historical information. Information that appears to have little operational value today may later become important when organizations need to evaluate past PFAS use. Once that information is lost, recreating it may…
US buyers are looking for extra shale inventory and added another $18 billion in purchases in October alone.
-
The world’s largest oil company saw profits fall by nearly three quarters during the previous quarter but it still weathered the storm better than international majors. -
Dugong could become a new North Sea production hub says offshore explorer Neptune Energy upon its latest discovery.
-
The Gulf of Mexico E&P exited its first bankruptcy quickly with a strategy that included the acquisition of Noble Energy’s GOM assets, which increased its production volumes 25% when the WTI approached $80/bbl. Fieldwood’s financial woes in today’s economics may be tougher to overcome.
-
Nearly 90% of geothermal capacity built since 2000 is binary cycle.
-
ExxonMobil is reluctant to join other big oil companies writing down the value of their reserves. It could chop its reserves by 20%, but it has not made a final decision.
-
The Pennsylvania-based producer will leave Louisiana where profiting from tight-gas fields has proven difficult and focus on its legacy assets in the Marcellus Shale.
-
Supermajor announces actions to achieve net-zero ambition and reshape business. It also noted that it will not seek to explore in countries where it does not already have upstream activities.
-
Citing impacts from COVID-19, Noble Corp. is entering into a prearranged agreement with its bondholders that will give it a fresh start with a new line of credit.
-
A pilot project was initiated to classify oil and gas projects in Mexico using the United Nations Framework Classification.
-
Saudi Aramco has suspended the contract for the Seadrill co-owned jackup drilling rig for up to 1 year.
