Asset Management
The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
The deal is the largest acquisition in Mitsubishi Corp.'s history and adds one of North America's leading shale gas assets to its portfolio.
The sale for $1.8 billion of Solenergi Power, the holding company for Sprng, which develops and operates solar and wind projects across India, follows other realignment actions by the supermajor.
-
Saudi Arabia is trying to push oil prices back up but US producers remain wary and uncertain. -
The decision comes after the company’s discovery of an additional 400 million bbl of oil in place at Atlantis, one of the largest fields in the gulf.
-
BP announced four discoveries in the Gulf of Mexico near existing platforms. It use advanced seismic imaging to identify resources in deepwater locations that can be developed cost effectively using platforms nearby.
-
Safety training must hurdle barriers built by people’s confidence in their misconceptions.
-
ProPetro closed its deal to purchase Pioneer’s pressure pumping fleet, boosting its services in the Permian Basin.
-
In their outlook for 2019, SPE’s technical directors suggest petroleum engineers take a moment to reflect on the industry’s great feats, and then get back to work to do things better.
-
A hands-on workshop set for 14 February in Houston will be led by industry leaders in health, safety, and environment to provide participants the opportunity to learn how to inspire, motivate, and lead for safety and operational excellence.
-
Producers in Texas have claimed an economic victory with their transition to local sands that they once avoided using in horizontal wells due to their low-quality.
-
Oil prices have fallen since early October in lockstep with the plunge in 2014. But this time oil companies appear better able to deal with a tough situation.
-
Chevron, ConocoPhillips, Equinor, Shell, and Total are among nine firms looking to explore the Pearl River Mouth Basin.
