Asset Management
With $9.6 billion in assets in the market, the focus is shifting from who is exiting Southeast Asia to who is positioning for entry through acquisition, according to Rystad Energy.
Despite significant progress in capturing associated gas for domestic use, Iraq remains the world’s third-largest gas-flaring country as it aims for higher oil and gas production targets.
Transaction adds 90,000 net acres and 68,000 BOE/D of production as Crescent expands its South Texas footprint.
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The deal seeks to add 151,000 acres to the Calgary-based oil company's portfolio for price of $465 million. -
Sentiments are clearly improving amongst the hard-hit oilfield service companies who all saw revenue grow in the fourth quarter of last year.
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A slew of new US regulations raise questions about the future of oil drilling on US government land, with reports of a moratorium on new leasing and permits as the administration considers major changes in the program.
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Supply chain companies have seen their profits squeezed since the E&P cost cuts of the previous downturn, and just as the industry could finally hope for better days, the COVID-19 pandemic caused the value of 2020’s awarded contracts to slump to a 16-year low of $446 billion.
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The $120 million per year, 5-year contracts will provide well-intervention services to Equinor’s fixed platforms.
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With such uses as tracking the source of renewable energy and changing the relationship between how energy is produced and consumed, blockchain has the potential to transform the way companies collaborate and interact to accelerate the development of low-carbon energy.
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The closing date for the ESP tender for the UK’s first geothermal power plant is in early February.
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The Houston-based oil and gas company has expanded its footprint in the liquids-rich Permian by more than 550,000 acres.
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More than 30 oil and gas companies took part in the licensing round, which focused on mature areas that can be developed using existing infrastructure.
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The two companies have collaborated since 2015 on various projects, but COVID-19 brought Velentium and Oasis Testing together for a unique purpose—to quickly ramp up the manufacturing capacity for critical, life-saving ventilators.
