Asset Management
The declaration builds on a memorandum of understanding the partners signed with Egypt in May to process Block 10 gas at the country’s LNG export and domestic gas facilities.
Alongside the new subsea awards, Equinor strengthened its position in the 400-million-bbl Bay du Nord development by acquiring BP’s interest in the project.
A new licensing deal with ZL Chemicals will make Chevron’s unconventional EOR technology available to other tight-oil producers.
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Added assets raise its Delaware Basin daily disposal capacity to more than half a million barrels. -
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.
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Politically powerful natural gas production and transportation companies, along with their regulators, appear so far to have escaped the wrath of the governor and the Legislature in the aftermath of the Texas power outages.
