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.
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The recent production freefall could accelerate even further as US sanctions-related deadlines pass, the US Energy Information Administration said. -
Santos signed a binding letter of intent to acquire a 14.3% interest in Petroleum Retention License 3, which contains the P’nyang natural gas field in Papua New Guinea.
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Construction for the field’s second processing platform begins on the same day the Norwegian authorities approved the plan for development and operation for the biggest field development on the Norwegian continental shelf.
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ExxonMobil has committed $100 million over 10 years to work with the National Renewable Energy Laboratory and the National Energy Technology Laboratory to bring lower-emissions technology to commercial scale.
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Weatherford said it will file for bankruptcy after reaching a deal with its biggest lenders to halve its debt load and provide financing during and after the process.
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When a rig is stacked, its owner has two choices: spend millions to keep it in good shape, or let it rust out. These two companies describe what it is like to maintain their assets for the day that a contract comes.
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Oxy has won the fight for Anadarko. Citing capital discipline as the reason, Chevron has elected not to make another bid for the independent.
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The results are in. Here are this year’s “Most Promising” startups as decided by upstream investors and oil company innovation teams
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The technologies born out of innovative ideas have been critical for advancing deepwater assets in the past, and venture-capital investment helps incubate risk-taking companies developing those technologies. With digitization becoming a greater focus in industry, what role will venture capital play?
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Adoption of digital technologies will continue to improve the offshore sector, including improved well efficiency, real-time directional drilling, lower maintenance costs, and safer operations.
