Wellbore Integrity Solutions (WIS), and Schlumberger announced that they have entered into an agreement for WIS to acquire the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, along with part of a manufacturing facility located on Rankin Road in Houston, Texas.
The Cameron LNG project has achieved first liquefied natural gas (LNG) production from train 1. The project will begin exports in the coming weeks.
he plan for development and operation (PDO) of the second phase of the Johan Sverdrup field development was formally approved by Norwegian authorities on May 15, 2019.
Premier Oil rose the most in four months in London trading after increasing full-year forecasts for output and debt reduction.
A ride through the Permian basin’s little-drilled southwest corner looks a bit like the rest of the shale patch. Mesquite dots the dry landscape, and bumpy oilfield roads link well sites to the main highways.
Equinor has exercised its preferential rights to acquire an additional 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of $965 million in cash.
Saudi Arabia halted its main cross-country oil pipeline after a drone attack damaged pumping stations along the link, a strike claimed by Iran-backed rebels in neighboring Yemeni.
Mexico moved to bolster investor confidence in its embattled state oil company, announcing an unprecedented $8 billion syndicated loan along with new tax breaks for the energy producer.
The firm announced that it has executed a restructuring agreement with a group of senior noteholders that collectively holds 62% of the company’s senior, unsecured notes.
New developments may get priority over production cuts
As new technologies trump its modest initiatives, Opec may see value in telling the market less, and less predictably
The U.S. Department of Energy's (DOE) offshore research and technology solutions continue to support President Trump’s goals for energy dominance and the America-First Offshore Energy Strategy.
McDermott International, Inc. (NYSE: MDR) announced it has been awarded a sizeable* contract by ADNOC to provide FEED services on a design-competition basis for phase one of the Umm Shaif Gas Cap Condensate Development Project.
Chevron is abandoning its $33 billion offer for Anadarko Petroleum, the culmination of a month-long bidding war in which Occidental Petroleum Corp. prevailed over a rival five times its size.
The firm intends to become one of the world's largest LNG producers by 2030 via projects in the inhospitable Arctic environment
Global production optimization specialist Enpro Subsea has announced plans to embark on its most ambitious growth campaign, doubling global sales by 2021.