Asset Management
The loan to Arena Energy will generate an estimated 38,600 B/D in new production from 22 platforms in the Gulf.
This article from Murphy Oil outlines a modernization effort that resulted in increased scenario simulation capacity by five to 10 times.
The transaction is expected to strengthen the company's position in Alberta’s oil sands and unlock annual synergies of $54 million.
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The acquisition plan supplants earlier merger agreement with new terms and a potential faster timeline for the combination. -
A leaner and wiser Weatherford seeks new Middle East contracts while growing margins and market share on existing business.
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The US supermajor has made more than 30 discoveries offshore the South American country since exploration efforts began in 2015.
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The world's two largest oilfield service outfits are riding a wave a renewed upstream spending while Baker Hughes posted its second straight quarterly loss.
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Whether its onshore or offshore, China is OK with drilling deeper to secure new gas reserves.
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In following some of the upstream industry's other big firms, the legacy oilfield service company believes the time for a change has come.
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Billionaire-founder boosts his original offer made in June to secure the deal.
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ADNOC is hiring more jackup drilling rigs to boost offshore production of its more carbon-friendly brand of crude.
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Ben van Beurden said quitting was impossible because the Netherlands was dependent on Groningen gas.
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M&A market activity in the third quarter delivered the best showing of 2022 despite price volatility and a dearth of deals in the prolific Permian Basin.
