Management
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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The Mexican state oil company believes it has found a new oil field on par with past billion-bbl finds. -
Added assets raise its Delaware Basin daily disposal capacity to more than half a million barrels.
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Russia’s largest oil company is moving quickly to shed underperforming brownfield assets to raise capital and transform itself into a major LNG player this decade. The state-owned giant is making the move as natural gas positions itself for a growing role in the energy transition.
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The filing is part of a plan to restructure the DJ Basin operator while completing a previously signed merger agreement.
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The infrastructure engineering software firm is expected to pay more than $1 billion to acquire geological and geophysical modeling software developer Seequent.
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Another technology developer is trying to convince oil companies that they really do need more power and downhole data while drilling.
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The combined company will move forward as Expro Group and maintain an operational headquarters in Houston.
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The deal adds acreage in North Dakota’s Williston Basin.
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Increasing downhole pressures were the culprit, rig will be released as planned.
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The confluence of a pandemic, a price war, and extreme weather sent the US production engine into reverse last year, marking the largest annual drop in output on record. New figures on the decline come as the market senses higher oil prices coming.
